BitMart has seen tremendous growth since its launch. The top crypto exchange offers a wide range of features to serve its diverse customer base. If you are looking to trade crypto on BitMart, we recommend reading this guide to understand the ins and outs of this centralized exchange.
Exploring BitMart
Bitmart entered the market in 2017. It’s one of the few centralized crypto exchanges that allow users to trade without subjecting them to the Know Your Customer process. Along with letting users trade privately, BitMart provides a secure environment by adopting stringent security measures to prevent bad actors from stealing customer funds.
📈🤖 Unlock unparalleled trading potential with GPT Stocks Master AI! Revolutionize your portfolio, leveraging real-time insights and predictive analytics. Don’t miss out – step into a world where precision and profitability meet. Ready to transform your trading journey? Click “Master My Trades” now for your exclusive access! ✨🚀📊
As of June 2024, BitMart has listed nearly 1,600 cryptocurrencies. By comparison, Binance, the World’s largest exchange by trading volume, lists 357 digital currencies.
According to data from CoinGecko, BitMart has processed an average of $351 million in daily trading volume since January 2024. The data also shows that the crypto exchange serves over 5 million active traders.
So, who is the founder of Bitmart? Software engineer Sheldon Xia is the brains behind the exchange. He currently serves as the CEO.
BitMart Tools and Features
Let’s take a look at BitMart’s tools and features before showing you how to sign up with the exchange.
Buy Crypto
BitMart has made it easy for users to buy crypto assets through its “Buy Crypto” feature, which allows customers to use fiat currencies to purchase cryptocurrencies. The exchange supports over 250 payment methods, including Simplex, MoonPay, and Banxa.
It is worth mentioning that you can quickly buy crypto assets directly from another BitMart user on the P2P trading platform.
Spot and Futures Trading
Whether you are a spot or margin trader, BitMart has got you covered. The platform offers access to both futures and spot markets to meet the trading needs of various customers. As mentioned earlier, BitMart’s spot markets feature over 1,600 tradable assets. As for futures markets, there are over 110 perpetual contracts available for trade with a leverage of up to 150x.
Copy Trading
BitMart aims to serve both novice and experienced traders. That explains why the platform has a copy trading feature to allow inexperienced traders to copy the strategies of seasoned traders, also known as “Master Traders,”
As a copy trader on BitMart, you can subscribe to multiple Master Traders simultaneously. Note that a commission of up to 30% will be deducted from every profitable trade.
Earn
BitMart understands that not all customers want to engage in crypto trading. Therefore, it offers various wealth management products to users who wish to earn passively. Under the “Earn” section, you can access products like crypto staking, dual investment, and savings.
NFT Marketplace
Besides cryptocurrencies, BitMart offers support for NFTs (non-fungible tokens). As of June 2024, over 1,100 NFT collections are listed on BitMart. It is important to mention that the listed NFTs are built on Polygon, BNB Chain, and Ethereum.
Furthermore, BitMart has an NFT launchpad that allows creators to launch their unique digital art pieces.
How to Sign Up With BitMart
Creating a BitMart account involves simple steps. Here is the registration process:
1. Visit Bitmart.com and navigate to the right side of the homepage. You will see the “Sign In” button. Click on it and create an account using your email or phone number. Next, tick the checkbox to certify that you are above 18 years old and hit “Sign Up.”
2. BitMart will send a one-time PIN to your phone number or email. Enter the code and click “Submit.” After that, you will have access to your BitMart account, and you can start trading. However, remember to update the security settings of your account before adding funds.
BitMart Fees
Here is Bitmart’s fee structure:
1. NFT trades attract a flat fee of 1%.
2. P2P (peer-to-peer) Trading is free.
3. The maker fees range between 0.01% and 0.09% based on your monthly trading volume, while the taker fees range between 0.03% and 0.1%.