BitMart | BitMart Exchange review | BitMart login | BitMart cryptocurrency

BitMart | BitMart Exchange review | BitMart login | BitMart cryptocurrency

October 6, 2020

Overview

With a vast number of users from across the world, Bitcoin has been more popular than ever before. With so many global consumers, it is no surprise that bitcoin exchanges are growing quick.

BitMart exchange came into existence in 2017. It is one of the top 20 cryptocurrency exchanges by volume. 

In this article, we will provide you with a full guide on the BitMart exchange review and look at things such as its functionality, prices, pros and cons and much more. Let us look at this analysis of the BitMart Exchange in depth now.

  • Overview
  • What is BitMart?
  • BitMart Features
  • BitMart Fees and Limits
  • BitMart Supported Currencies
  • BitMart Token
  • BitMart Mobile App
  • How to register on BitMart?
  • How to recover the BitMart password?
  • How to deposit on BitMart?
  • How to withdraw on BitMart? 
  • How to buy cryptocurrencies on BitMart?
  • How to sell cryptocurrencies on BitMart?
  • BitMart Pros and Cons
  • Conclusion
  • BitMart FAQs

What is BitMart?

BitMart is a crypto trading platform created by cryptocurrency enthusiasts. The BitMart Foundation has offices all over the world but is based in the Cayman Islands. The network offers spot trading, OTC trading, futures contract trading, and other digital assets services.

The trading platform has been translated into 6 languages, including Russian and English. For convenience, the official Android, iOS, and Mac OS applications have also been developed.

BitMart Features

BitMart Fees and Limits

BitMart does not distinguish between takers and makers. Instead, they charge flat fees of 0.25% regardless of both of them. The trading fees are also decreased on the basis of the trading volume and the reserves of the BitMart native token, the BMX.

This exchange charges a withdrawal fee of 0.0005 BTC when you withdraw BTC. This fee is much smaller than the industry average. BitMart thus has a very attractive price in terms of both trading costs and withdrawal costs.

BitMart Supported Currencies

The BitMart Exchange supports over more than 50+ currencies. Some of the major ones include:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin Gold 
  • Stellar
  • Chainlink
  • Uniswap
  • XRP
  • TRON

BitMart Token

BitMart Token (BMX) is the native token for the BitMart exchange. It is an ERC20 token provided by BitMart. There is a cumulative capacity of 1 billion tokens in BMX. This ERC20 token can be used on the BitMart website to register for trading or transaction cost discounts.

BMX tokens can also be used to earn trading fee dividends via the BitMart Mission X Group Listing Market. The advantages of keeping BMX tokens are as follows:

  • Use BMX and you will earn a 25 % discount on trading rates.
  • The holder of the BMX can vote for listings

BitMart Mobile App

There is also a native mobile application offered by BitMart. Thus you can start trading crypto at BitMart on the go through your smartphone.

How to register on BitMart?

Navigate to the Official Website. Click on the tab “Sign up” Option.

Indicate email address or phone number. Now set a password for the account.

Then Read and agree to the rules of the platform.

Click on the Registration button.

Next, you should wait for the confirmation code, enter the data in a special field, thereby activating the account.

Once the verification is complete, the user can start with trading

How to recover the BitMart password?

On the login page, type in your registered email id and click on the “Forgot Password” Option. Once you confirm that you wish to reset your password, you will receive an email with a link. Click on the link and you should be able to set a new password.

How to deposit on BitMart?

 Login to your account, Go to the ‘Balance’ tab.

Now a list of cryptocurrencies available for deposit will open.

Then click on “Deposit” in the line with the currency to be deposited.

Indicate the amount to be deposited and the address to send to.

How to withdraw on BitMart? 

Login to your account, Go to the ‘Balance’ tab.

Now a list of cryptocurrencies available for withdrawal will open.

You need to click on ‘Withdraw’ in the line with the currency to be withdrawn.

Indicate the amount to be withdrawn and the address of receipt.

How to buy cryptocurrencies on BitMart?

Go to BitMart homepage. Click “Buy Coins” to enter the interface.

 Choose the coin you would like to buy. Click “NEXT”.

Enter the amount you would like to buy. Click “Buy Now”.

 Enter your email address. Then click “Continue”.

Confirm your purchase. Then click “Buy Now”.

You can check order status by clicking “Track My Transaction” Option

How to sell cryptocurrencies on BitMart?

Go to BitMart homepage. Click “Sell Coins” to enter the interface.

Choose the coin you would like to sell. Click “NEXT”.

Enter the amount you would like to sell. Click “Sell Now”.

Enter your email address. Then click “Continue”.

Confirm your purchase. Then click “Sell Now”.

You can check order status by clicking “Track My Transaction” Option

BitMart Pros and Cons

Pros

  • It provides a user friendly Interface
  • It has MSB license
  • BMX Token Advantages
  • It offers very reasonable Fees

Cons

  • It is a new Exchange
  • Less Currencies supported

Conclusion

BitMart is a governed crypto exchange that also accepts fiat currencies, and has a reasonable fee schedule for its trading services.

The platform of the Bitmart exchange is intuitive to use. BitMart is a young and promising exchange that provides the traders with advanced functionality for the most convenient trading.

BitMart FAQs

BitMart also offers its platform as a mobile application. So if you have an iPhone, an iPad or an Android-phone, you can start trading crypto at BitMart.

Bitmart provides its services to users in over 180 countries, including the US and the UK.

BitMart does not distinguish between takers and makers. Instead, they charge flat fees of 0.25% regardless of both of them.

To increase the level of account security, two-step user authentication and a pin code for trading operations were added to the trading platform. 

BitMart Ratings  

Reviewed By David


Trading Fees and Limits  Registration

Summary

BitMart is a crypto trading platform created by cryptocurrency enthusiasts. The BitMart Foundation has offices all over the world but is based in the Cayman Islands.

8.3





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