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BitMart

https://bitmart.com

About BitMart

What is BitMart?

BitMart is a centralized exchange that provides cryptocurrency trading and investment services. It has 9 million users worldwide. The trading platform offers a variety of features for customers to use, such as pledges, loans, savings products, derivatives contracts, and extended spot trading options. For experienced and advanced cryptocurrency enthusiasts, BitMart offers futures trading and margin trading to allow them to use leverage. In addition, users have access to the mainstream cryptocurrency trading markets, as well as an easy-to-use interface, a complete knowledge base, a secure wallet, a well-designed mobile app, and the NFT marketplace. The BitMart network is committed to security, stability and scalability, which is why the exchange employs an advanced multi-tier and multi-cluster system architecture. A year after its inception, the exchange launched BMX, a native investment token built to the ERC-20 standard, in 2008.

Who are the founders of BitMart?

Sheldon Xia is the founder and CEO of the company. He attended Stevens Institute of Technology, where he majored in computer science, and Xia specializes in the financial software industry. Prior to BitMart, he founded The SVIEF and the Women4Blockchain project.

When was BitMart founded?

The project was launched in 2017 and opened to the public in March 2018.

Where is BitMart located?

According to Crunchbase, BitMart is based in the Cayman Islands, with offices in China, South Korea, and the US. The exchange is registered as a Money Service Provider (MSB) in the US.

Countries with restricted access to BitMart

The global exchange offers KYC-free real-time trading in over 180 countries worldwide. In addition, its services are available to citizens of the United States (except for the states of Connecticut, Georgia, Hawaii, New Mexico, New York, and Washington). Countries that are prohibited from using the exchange's services include: Afghanistan, China, Congo, Democratic People's Republic of Korea, Eritrea, Iran, Iraq, Cote d'Ivoire, Japan, Kyrgyzstan, Lebanon, Libya, Sudan, and South Sudan.

What coins does BitMart support?

The platform has over 1,000 crypto assets and 700+ trading pairs, including many popular cryptocurrencies: BTC, ETH, AMAX, BNB, DOGE, LTC, SAND, SHIB, SOL, and more. Users can purchase cryptocurrencies via credit/debit card, bank/wire transfer, or Apple Pay.

What are BitMart's fees?

BitMart uses a tiered fee structure with a pending order - order taker model. Fees start at 0.25% for both pending orders and order takers. Trading fees are calculated based on 30 days of trading volume (based on BTC) and BMX balance. Its futures trading fees are extremely low and competitive, specifically 0.04% for pending orders and 0.06% for taking orders. The platform does not charge a deposit fee, while withdrawal fees depend on the type of token. Please see the fee structure link: https://www.bitmart.com/fee/en for more information.

Can I trade with leverage or margin on BitMart?

The platform offers margin trading. In the futures market, traders can trade assets with margin multipliers of 5, 10, 20, 50, and 100. futures trading on BitMart will be available in 2020.