Bitmart Reviews 2025: Fees, Features, Safety, Pros & Cons

Bitmart is a global cryptocurrency exchange that launched in 2018. The platform operates in over 100 countries and is a popular destination for altcoin traders. It’s based in the Cayman Islands with offices around the world.

In this Bitmart review, we’ll look into all aspects of the exchange, including the fees, features, and possible issues with the platform, so you can decide if it’s the right exchange for you.

Pros & Cons of Bitmart Exchange

Pros

• Over 1,000 coins and 700 trading pairs are available
• High yields from staking
• Supports third-party payment apps
• Offers derivatives products

Cons

• The exchange lost around 200 million worth of cryptocurrency in 2021 and hasn’t been forthcoming about reimbursements.
• The exchange has been under investigation by the Federal Trade Commission (FTC) following the events of the hack in 2021.
• The exchange lists several altcoins that are pump-and-dump schemes.

About Bitmart 

Like many global exchanges, Bitmart is a one-stop shop for all things crypto: There is a simple buy feature, advanced trading options, staking services, futures and margin trading, as well as an NFT market.

Bitmart platform lists around 1,000 cryptocurrencies and offers around 700 trading pairs. You can trade several low-cap altcoins on the platform. 

The exchange is ranked among the top 30 crypto exchanges by CoinmarketCap and has a rating of 5.5.

US-based users can access the platform but are restricted from using derivative products per US regulations.

The FTC subpoenaed Bitmart operators in 2022 regarding an investigation of Bitmart’s handling of customer complaints and disclosure of their security practices.

The FTC is a consumer protection agency that investigates unfair business practices and is investigating whether Bitmart has provided adequate protections for sensitive customer data and whether the company has been transparent regarding the platform’s security.

Crypto Coins Available on Bitmart Crypto Exchange

Bitmart supports over 100 digital currencies, including popular digital assets like

• Bitcoin (BTC)
• Ethereum (ETH)
• Avalanche (AVAX)
• Axie Infinity (AXS)
• Binance Coin (BNB)
• BitMart Token (BMX)
• Cardano (ADA)
• Dash (DASH)
• Decentraland (MANA)
• Dogecoin (DOGE)
• Litecoin (LTC)
• Sandbox (SAND)
• Shiba Inu (SHIB)
• Solana (SOL)
• SushiSwap (SUSHI)
• Stellar Lumens (XLM)

Bitmart supports several altcoins and tokens. While this can be beneficial to experienced traders who don’t mind the enormous volatility of the altcoin market, investing in low-cap altcoins is generally very risky. Most cryptocurrency projects don’t have a working product and/or fail at delivering their promises.

Instead, project developers use market volatility and lack of regulation to create hype around a coin, increase its value, and sell once the price passes a threshold. Most investors are left high and dry in these pump-and-dump schemes.

Market manipulation happens on pretty much every exchange, but global exchanges that list hundreds of coins, such as Bitmart or HTX, are particularly suspect.

Fiat Currencies Supported on Bitmart 

Bitmart allows you to purchase crypto with fiat through third-party payment gateways like Simplex and Moonpay. You can buy Bitcoin and other cryptocurrencies with USD, GBP, EUR, and several other fiat currencies. The platform supports MasterCard and Visa debit and credit cards as well.

Note that third-party payment providers charge expensive fees for their services. That means depositing money to Bitmart or purchasing crypto with fiat can be expensive compared to exchanges that provide free bank transfers. Unregulated global exchanges like Bitmart often have trouble maintaining the necessary relationships with banks to make fiat deposits easier.

You can check out all the deposit and withdrawal fees in the Bitmart fees section of this page.

Countries Supported on Bitmart 

Bitmart trading platform is available in over 180 countries. It’s also available in the US with the exception of certain states, including New York, Washington, Hawaii, New Mexico, Connecticut, and Georgia.

Furthermore, you can trade on Bitmart without completing KYC verification.

Bitmart Trading Fees

Spot and Futures Trading Fees

The platform uses a tiered maker/taker fee model and separates all trading pairs into two categories. For A-class pairs, the fees start at 0.25%. B-class pairings trading fees start at 0.30%.

Futures fees start at 0.060% for takers and 0.020% for makers. You can earn trading fee discounts based on your 30-day trading volume.

You can receive trading fee discounts based on your 30-day trading volume and BMX holding balance.

Deposit and Withdrawal Fees

Bitmart doesn’t charge deposit or withdrawal fees, but your bank or payment provider charges additional fees when you deposit or withdraw fiat to the platform.

Moonpay charges a 3.85% service fee for buying cryptocurrencies and a €3.99 fee for credit and debit card purchases. Selling via MoonPay costs an 2.5% service fee plus any fees your bank may charge.

Simplex charges a 4.2% fee for buying crypto. If you’re purchasing via debit or credit cards, you pay a minimum $10 service fee. Selling costs a 0.5% fee plus any fees your bank may charge.

Legend trading deposit and withdrawal fees start at 3.5% per transaction.

Main Features of the Bitmart Platform

Bitmart offers many features, including spot and derivatives trading, staking, savings, and an NFT market. Let’s see some of the most notable features of Bitmart in more detail.

Margin Trading

Margin trading allows you to borrow funds from the platform to trade with a higher capital or for better rates. Margin trading can be very profitable, but losses can be devastating since you are trading with higher stakes. As such, it’s not recommended for beginners.

You must deposit a portion of your funds to the platform as collateral for your debt. If everything goes as planned, you receive your collateral with your profits at the end of the trading period. If you are at a loss, your collateral is liquidated to pay your debts.

Bitmart offers margin trading with 5x leverage for several pairs. You can collateralize your funds to borrow crypto. Interest rates are charged hourly. 

Futures Trading

Futures trading is basically betting on the future price of a digital asset. In futures trades, you buy and sell contracts to purchase or sell assets at a predetermined time.

This can be very risky due to the volatile and speculative nature of cryptocurrencies. Futures trading often involves high leverage.

You can find several futures markets on Bitmart, but your options aren’t as wide as what Binance offers.

Bitmart Earn

There are several Bitmart Earn products, including dual investments, staking, and savings products.

Staking, for instance, allows you to earn passive income on your cryptocurrency. Bitmart offers locked and flexible staking options for several coins, such as ADA, SHIB, AVAX, and several other altcoins, on flexible terms. Unlike most other exchanges, Bitmart doesn’t charge fees for the service.

Dual investment is a derivatives investment product settled in one of two currencies, for example, ETH and USDC. You can invest USDC to earn ETH and APY on your holdings. 

You can also earn profits from your crypto balances through the savings feature. Biatmart offers flexible savings for USDT, USDC, BTC, ETH, LTC, and BCH, and fixed-term savings plans for higher APYs.

Finally, Bitmart enables certain promotions at different times of the year and gives out bonuses and other rewards. Promotions may include prizes, giveaways, or fee discounts.

Bitmart Rewards

By referring a friend, users have the potential to earn up to 40% of the referred friend’s trading fees every time they trade. To get referral rewards, all you have to do is get your peers to sign up via your referral link/code.

If your friend signs up using your link and makes a trade, you will receive 40% (30% direct commission and 10% sub-commission) of the trading fee charged to your friend.

In addition to this, you can also earn commissions from your referral’s friends. If the person you referred successfully invites somebody else to the platform, you will receive 10% of the third person’s trading fee whenever they make an exchange.

Bitmart NFT Marketplace

BitMart NFT marketplace supports ERC-721 tokens. Bitmart charges a 1% trading fee for NFT purchases.

How Easy Is It to Open a Bitmart Account?

Opening a Bitmart account is very easy. Visit the official Bitmart website and sign up with your phone number or email address. You’ll receive a verification code to sign in, and you can start trading immediately by depositing crypto to your account.

It’s a good idea to enable two-factor authentication to secure your account. 

You don’t have to complete KYC verification to start trading crypto on the platform. However, if you don’t own any crypto, you’ll have to buy coins on the platform. That means you have to register with a payment provider like MoonPay or Simplex to purchase crypto. These payment providers require you to complete KYC verification. You can’t cash out from the platform without using these services.

How Secure Is Bitmart?

Bitmart employs industry-standard security measures, including two-factor authentication and cold storage for assets. However, like many other centralized crypto exchanges, Bitmart is often targeted by hackers, so it’s not advised to leave large sums of crypto on the platform. 

Has Bitmart Ever Been Hacked?

Bitmart lost around 200 million dollars worth of crypto in a hack in 2021. The details of the event are somewhat confusing: the CEO of the company confirmed a private key to the company’s hot wallet was compromised, and there is suspicion of internal fraud. 

The exchange promised to reimburse users, but it’s not clear if a reimbursement strategy has been implemented. 

It’s worth noting that the exchange is under investigation by the Federal Trade Commission (FTC) regarding the events and aftermath of the 2021 hack.

Is Bitmart a Regulated Exchange?

Bitmart has obtained an MBS certificate to operate in the US but isn’t regulated or audited by the authorities. The company is based in the Cayman Islands, where financial regulations are almost non-existent for big companies.    

How Does Bitmart Compare to Other Crypto Exchanges?

Bitmart can be compared to other global exchanges like HTX or KuCoin. These exchanges all support a wide variety of cryptocurrencies and provide many services, including spot and futures trading, earning products, staking, and access to a significant number of markets. 

Let’s see how Bitmart compares to Kucoin, another comprehensive crypto platform.

Fees

Bitmart charges 0.25% and 0.30% fees on the spot market, while Kucoin spot market fees start at 0.10% for both makers and takers.

Both are primarily crypto-to-crypto exchanges that rely on third-party providers for fiat support. Kucoin has a slight advantage since users can make bank transfers via SEPA, while Bitmart users have to rely on more expensive methods for fiat support.

Features

Bitmart and Kucoin are very similar when it comes to features. Both platforms offer futures trading, margin trading, advanced trading tools, staking, and so on. However, Kucoin has a more developed futures and margin trading interface.

The primary difference between Bitmart and Kucoin is the number of offered coins. Bitmart lists around 1,000 coins and 700 trading pairs, whereas Kucoin offers over 600 coins and 1,000 trading pairs. Overall, both platforms offer access to diverse markets.

Kucoin also has a higher trading volume compared to Bitmart.

Security

Please note that neither platform has undergone an official audit by an independent auditor. The public has no way of knowing how they deal with customers’ funds without such an audit.

Bitmart lost around $200 million worth of crypto in a hack in 2021. Kucoin was also hacked in 2020 and lost $280 worth of cryptocurrencies in the attack. The platform managed to retrieve the funds within a year of the attack and reimbursed user balances.

As a rule of thumb, avoid placing large sums of crypto in centralized crypto exchanges. You may lose your savings if the exchange declares bankruptcy, freezes withdrawals, or becomes inaccessible due to regulations. 

Does Bitmart Have an App?

BitMart has a mobile app available for Android and iOS devices. You can keep an eye on your portfolio and trade, exchange, and buy crypto when on the move. The BitMart app is available for download via both Google Play and the Apple Store.

Once you have downloaded the BitMart app, you can sign in if you already have an account set up. If you haven’t set up your account yet, you can easily set it up on the app. 

Make sure you download the official app, as there are unofficial scam apps that can use your information to access your funds.

Bitmart Review: Final Thoughts

Bitmart has been an active player in the crypto scene since 2018. The exchange is popular in several countries and is known for listing a large number of altcoins, but you must exercise caution as many of those coins are just pump-and-dump schemes.

Bitmart supports margin and futures trading, but the feature isn’t available to US-based users due to crypto regulations in the country. You don’t have to complete KYC verification to trade on Bitmart unless you want to take advantage of fiat support.

The platform was hacked in 2021 in an attack that still remains somewhat confounding. The platform promised to pay the victims compensation for their losses, but it is unclear if the reimbursement strategy has been implemented. While centralized crypto exchanges often lose funds in such attacks, the best ones often pay for customer losses out of pocket.

Overall, Bitmart can be hard to navigate if you’re a beginner. It doesn’t have the best help center and generally has poor customer reviews. However, in addition to a simple buy and sell feature, there is a more basic spot trading interface for beginners.

This is it for our Bitmart review. To learn more about other cryptocurrency exchange platforms, check out our post on the Best 22 Crypto Exchanges and 8 Alternatives.

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