BitMart Review 2025

Our Verdict

Founded in 2017, BitMart is a global cryptocurrency exchange registered in the Cayman Islands, with regional offices in the US, China, and South Korea. It offers access to 1,500+ cryptos, making it ideal for experienced traders.

BitMart charges a flat Maker/Taker fee of 0.1, which is significantly lower than the industry average. However, fiat deposit and withdrawal fees are quite high, as Bitmart relies on third-party payment methods.

Following a security breach in 2021, BitMart strengthened its desktop security features, although its mobile app remains less secure. For optimal security, we recommend trading on a desktop.

BitMart Pros and Cons

Is BitMart Right for You?

Traders have different needs: some prefer simple apps for quick trades, while others seek advanced tools like leverage or social trading. We classify traders into seven main groups and assess how well exchanges meet their needs. Here’s our verdict:

Supported Countries and Regions

BitMart is a global crypto exchange that allows fiat deposits through third-party providers like Simplex and MoonPay, available in over 180 countries. This approach distinguishes BitMart from competitors who often face regulatory issues with in-house fiat solutions.

However, BitMart’s payment partners have their own regional restrictions. For example, Simplex does not operate in Malta, Turkey, and the Philippines.

Additionally, BitMart restricts futures trading in several regions including the United States, Hong Kong SAR of China, the Balkans, Belarus, Burma, Côte d’Ivoire (Ivory Coast), Crimea, Cuba, the Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, South Sudan, Syria, and Zimbabwe.

BitMart Bonuses and Special Offers

The platform regularly runs different promo campaigns that can be found in its Events Center.

BitMart Mobile has a Rewards Hub where I qualified for some rewards after completing trading activities. However, I couldn’t claim them. When I tried, a pop-up notified me that the rewards were unavailable to U.S. residents (which I’m not) and instructed me to confirm my eligibility by contacting the support team. But when I clicked the button to send the request, nothing happened.

Join BitMart using our affiliate link and expect to earn 50%-100% commission on spot and futures.

BitMart Background

Establishment: BitMart was established in 2017 and is headquartered in the Cayman Islands, a popular place for many crypto exchanges. The company also has offices in China, South Korea, and the US.

Leadership: The company is led by Sheldon Xia, a Founding Partner at the WEB3 investment fund Cipholio Ventures and an active board member at PSE Trading. Xia holds an MBA from the University of Chicago Booth School of Business.

Security & Transparency

Verified Trusted Scores

In our reviews, we refer to respected independent security auditors such as CertiK, Cer.live, and CoinGecko, which rank cryptocurrency exchanges based on factors like traffic, liquidity, cybersecurity, trading volume, and more.

BitMart’s rankings are above average but not top-tier, primarily because of its history of security incidents. Despite a hack in 2021, the platform still falls short in terms of asset security. It ranks highly on Cer.live due to its bug bounty program but has an average score on other platforms.

Account Security

Cyber Security Measures. The desktop app offers three types of 2FA: mobile, email, and Google Authenticator. It is also possible to set up an anti-phishing code and a login password.

The mobile version has far fewer methods of protection. During my tests, I was only prompted to enter my password once during the first login. In the app, I couldn’t find biometric authentication or any other methods for protecting my assets.

General Reliability. BitMart has an active bounty program with a minimum reward of 2,000 BMX (~$700). The maximum reward is not specified. Note, that the industry standard reward equals $5,000.

Corporate Communication Structure and Transparency. BitMart doesn’t disclose any information about its key team members on the official website. However, I was able to find them easily on LinkedIn. The exchange maintains high activity on popular social platforms, including Telegram, Twitter (X), and LinkedIn.

Know You Customer (KYC)

Verification on BitMart has two levels, each requiring different data. The second level includes all the features of the first and unlocks additional capabilities.

During my tests, I easily reached the second level and gained access to full functionality. The entire process took less than 24 hours.

Institutional-level customers have to pass a separate type of verification that requires submitting a different set of documents.

Is BitMart Safe to Trade With?

BitMart falls short in terms of security, having experienced a recent hack and lacking Proof of Reserves to back customer assets.

On the positive side, BitMart is active on social media and runs an ongoing bug bounty program. For traders who store their assets in external wallets, the platform still offers several appealing features.

Trading Experience

On BitMart, users can find a wide variety of crypto-earning tools for making passive income. The list of available options includes:

• Savings: BitMart offers flexible and fixed crypto savings with APY exceeding 100% for some assets.
• Staking: The rewards for staking on BitMart are relatively modest, typically ranging between 1% and 5%.
• Dual Investment: Users can take advantage of price fluctuations and earn by staking dual assets.
• ETH 2.0: On BitMart, it’s possible to earn ETH through traditional staking as well as via Dual Investment and Savings.

In addition, BitMart offers a VIP Wealth Management option for high-net-worth individuals. The APY is lower compared to Savings. However, this product offers increased fund security and a VIP optimal annualized rate of return.

BitMart NFT Marketplace

BitMart runs its own NFT Marketplace, featuring native collections like Vote-To-Earn NFTs and Registration Mystery Boxes, as well as external collections like Smart Club and Crypto Chameleons.

When I asked support about listing an item, I was informed that only NFTs purchased on the platform can be listed. This limitation significantly reduces NFT liquidity.

NFT Marketplace API services

BitMart offers robust API documentation with guidelines providing out-of-the-box Spot and Futures market data, USD-M Futures, WebSocket, and more. However, there is no sandbox for testing.

BitMart features a VIP program for API users that offers various perks, such as exclusive fee rates, promotions, and additional bonuses. Participants in this program can also receive 24/7 technical support via a dedicated Telegram group and access to a personal account manager. To apply for this program, one must perform some trades via the API key and complete a Google form.

Trading Test

For our trading test, we thoroughly evaluated the Bitmart platform. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

On BitMart, you can create an account using either an email address or a phone number. There’s no option to sign up with Google or Telegram accounts.

After signing up, I gained access to my account, but with limited functionality. I quickly reached Level 2 verification using my laptop camera, which enabled me to deposit funds and start trading.

Fiat deposits were not available, with crypto being the only option. Since I had USDT on the TRC20 network from another platform, I chose that for my deposit. BitMart generated a deposit address and provided a QR code to avoid errors. After completing the transaction, the assets appeared in my account within a few minutes.

Step 2: Trading

BitMart features four different accounts: Spot, Margin, Futures, Earn, and Buy & Sell. The assets I deposited arrived directly in the Spot account, so I didn’t need to make any additional internal transfers to start trading.

During my testing, I exchanged USDT for LTC. The transaction was executed almost instantly. Meanwhile, the platform charged a flat 0.1% fee, which matched the fee declared on the dedicated page.

Step 3: Withdrawal and Review

During my tests, I tried withdrawing LTC over the Litecoin network to my Bybit account. BitMart charged a withdrawal fee of 0.008 LTC ($0.54), which was 8 times higher than the 0.001 LTC ($0.07) fee charged by Bybit. However, the process went smoothly, and the funds reached my other wallet in about 10 minutes.

Bitmart Desktop Version

As a casual trader, I found the desktop version somewhat overwhelming due to its robust functionality, which makes it a better fit for trading experts. The platform offers TradingView integration, advanced charting, and Trigger Orders. However, since the platform uses a standard layout, I was able to quickly figure out how it works.

Navigation Ease: Since BitMart has a standard layout, I found the navigation process relatively simple. I was able to easily execute a trade and withdraw assets to my personal wallet. The trade itself involves three basic steps: finding a trading pair, setting up the order type, and specifying the asset price.

Charts: BitMart is fully integrated with TradingView, providing traders with convenient candlestick charts and a wide variety of trading tools and indicators.

Withdrawal and Wallet Protection: When I tried withdrawing crypto to an external wallet, the platform automatically identified the network. When pasting the wallet address, the field offers the option to add it to a list of trusted addresses for future transactions. BitMart also notifies users of any typos and doesn’t allow sending funds to a non-existent address.

The Order Book: BitMart offers a standard order book that lists all the open buy and sell orders for a selected trading pair. The table displays the price and the amount for each order. It’s possible to set up the number of decimals for the prices in the top right corner.

Coin Search: While testing BitMart, I was able to quickly find the assets I was interested in, thanks to a convenient coin search functionality.

Watchlist: BitMart makes it easy to add favorite assets to your watchlist. Simply click the star icon next to the selected pair.

Conditional Orders: BitMart supports Limit and Market orders. Users with Master Trader status also have access to Stop-Loss and Take-Profit orders.

My Key Takeaways After Testing BitMart

BitMart offers a wide range of trading tools suitable for experienced traders, while also striving to simplify its interface for crypto novices and casual traders like myself.

The platform follows industry best practices with a standard layout similar to other exchanges like OKX and KuCoin. During my tests, I easily navigated the desktop platform and found all the features and tools I needed.

Bitmart Mobile App

The BitMart Mobile App is available for both Android and iOS. It offers a set of tools and features that closely mirror the desktop version, with some minor differences. The interface is light and user-friendly, making it ideal for beginners in crypto trading. Advanced traders can find other platforms like KuCoin and Binance a better fit for their sophisticated strategies.

In terms of security, BitMart offers a set of industry-standard measures. You can protect your account with a password, multi-factor authentication, and TouchID.

While testing the BitMart Mobile App, I did not discover any standard security measures that other mobile trading platforms offer. There was no biometric authentication, pattern password, or sign-up code. I was only prompted to type my password once upon the first login.

When I tried withdrawing assets, there was also a QR code scanning option. However, the security measures offered by the BitMart Mobile App are lacking compared to similar platforms like KuCoin or OKX.

Key features and tools on BitMart Mobile include:

• Coin Search: BitMart offers a standard Coin Search functionality to help users find the assets they need.
• Trading features: Compared to the desktop version, the app offers an extended number of order types. The list includes Limit, Market, Trigger, Stop Limit, Post Only, and IOC.

• Market Discovery: The app offers different insights on the index page, including Hot assets, Gainers, New coins, and Top futures.
• All tools: BitMart offers a separate page with a list of all available tools to simplify the navigation.

• Watchlist Management: Adding or removing assets from the watchlist is simple — just tap the star icon at the top right corner.
• Alerts: BitMart Mobile offers convenient alerts to help users track the prices of their favorite assets.
• Portfolio Management: The app provides a comprehensive list of all available assets on a dedicated page. Assets with positive balances are listed at the top for easier management. You can also choose to hide assets with zero balances.

My Key Takeaways After Testing BitMart on BitMart Mobile

BitMart Mobile offers nearly the same functionality as the desktop app but with a more user-friendly interface, making it more suitable for beginners. Deposits and the Watchlist were particularly handy compared to the desktop app. During my tests, I was able to navigate the app easily and access all the necessary features.

However, its main drawback is the lack of robust security measures, which pose a significant risk to users’ assets.

Fees

Fee Reduction Options

• High-volume traders can receive discounts based on their 30-day trading volumes.
• Holding BitMart’s native token, BMX, can reduce fees by up to 25%.

Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers, focusing on the fees for different trading volumes. We focus on the essentials and potential savings through native tokens and various discount schemes. Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels.

The first tier typically represents casual traders, as they don’t usually trade more than $10,000 per month, while the higher tiers often relate to more advanced traders. Using this method, we’re categorizing users not only by their trading style but also by the amount of money they spend on the exchange.

Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability.

BitMart charges significantly lower fees than the industry average. This encourages makers to add more liquidity by placing limit orders that are not filled instantly.

Deposit fees

BitMart uses third-party fiat payment gateways like Simplex and MoonPay for fiat deposits and does not impose additional service fees. However, the fees charged by these partners can be quite high.

Crypto deposits are generally free, but for some deflationary coins like 10SET or AIAKITA, fees range between 1% and 10%. We recommend checking the most accurate information on the BitMart fees page.

Withdrawal fees

Similar to fiat deposits, BitMart relies on its partners to process crypto-to-fiat withdrawals and does not impose any additional fees. However, the fees charged by these partners may be quite high. When I attempted to withdraw 40 USDT via MoonPay, I received only $31, losing nearly 8.5% in the process. Platforms like Binance and KuCoin, which support direct fiat deposits and withdrawals, offer much better conditions.

Leverage And Futures Trading Fee Rate

On BitMart, margin trading fees vary depending on the cryptocurrency. The platform distinguishes between an Initial interest rate and a Rollover interest rate (hourly), though the percentage typically remains the same across most assets.

Most cryptocurrencies incur a 0.002291% fee, but some assets have different rates. For example, AVAX margin trading incurs a 0.0033% fee, while THETA requires a 0.0025% fee.

For futures trading, makers are charged 0.02%, and takers pay 0.06%. There are no standard discounts for high-level users, but the platform does mention individual discounts for institutional investors and for API users who are part of an exclusive VIP program.

Please note that fees and available methods may vary by country.

Fee Discounts

There are three ways to reduce trading fees on BitMart:

Are BitMart Fees Competitive?

During my trades on BitMart, I confirmed that the trading fees charged matched those listed on the dedicated webpage, indicating that the platform is transparent about its fees. However, things are different with fiat deposits and withdrawals, as they are subject to additional hidden fees.

BitMart’s fees are considerably lower than the industry average. The option to reduce them further makes it a good choice for advanced users engaged in high-volume trading.

Please note that fees may vary, and it’s advisable to check Bitmart’s official website for the latest information.

Cryptocurrencies Available on BitMart

BitMart features its own Launchpad for listing new projects and for promoting existing assets. Holders of BMX, the native token of the platform, usually get additional discounts and other perks.

Projects can apply via a corresponding form or by sending a request to service@bitmart.com.

I couldn’t find any crypto-to-fiat trading pairs on BitMart. However, the platform offers a range of stablecoins to help investors lock in their profits. I found popular fiat-backed assets like USDT and USDC, as well as crypto-backed and algorithmic stablecoins like DAI and CELO.

Deposits & Withdrawals

BitMart Deposit Options

Third-Party Payment: BitMart aggregates various payment gateways for fiat-to-crypto transactions, similar to platforms like Changelly and ShapeShift. While the process is convenient, the fees charged by these services are quite high, resulting in a lower final sum compared to platforms like Binance and KuCoin, which offer direct fiat deposits.