BitMart provides customer service via a dedicated support center, support tickets, and a live chat. Like many other cryptocurrency exchanges, it doesn’t offer phone support to its customers, so you will have to rely on its chat feature to get answers in real-time. Many crypto exchanges have specific web pages with breakdowns of their security features.
You can find pairs for USDT, BTC, and ETH and can choose the one that you prefer. If you are new to the crypto space, it is suggested that you stick to USDT pairs. Click on the banner below to start trading on PrimeXBT with a 25% deposit bonus. In 2018, BitMart launched the BitMart Token (BMX), which provides token holders with special trading discounts and numerous other benefits on the exchange.
You can choose an autopay method online to help you pay on time every month. Tether is like the US dollar version of the cryptocurrency world. It’s very much less volatile and is directly tied to the price fluctuations of the US Dollar. Using this coin would be ideal for you to exchange Safemoon tokens whenever you please. Besides Safemoon tokens, you can also use them to exchange several other cryptocurrency tokens and coins as well.
What makes BitMart stand out among its peers is the large number of digital currencies and tokens offered on the platform. With over 1,000 tradable digital assets, traders who prefer to speculate on smaller altcoins and newly-issued tokens will appreciate what BitMart offers its customers. BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services.
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BitMart has some minor issues, such as limited customer support and coin selection. In addition to advanced cryptocurrency spot and futures trading dashboards, BitMart offers a simple buy/sell crypto feature for beginners and a range of crypto-earning opportunities. Bitmart provides a simple buy/sell crypto feature where beginners can trade crypto using multiple payment methods with just a few clicks. Additionally, it offers advanced features such as spot trading, futures trading, margin trading, derivatives trading, OTC trading, etc., allowing investors to use leverage with their crypto investing. BitMart has users from over 180 countries can access a wide range of digital assets. It is through their secure and reliable global cryptocurrency exchange platform.
- The exchange provides several advanced features to make your crypto journey straightforward and more efficient.
- BitMart has a tiered fee structure, where users with higher trading volumes (based on trading volume over a 30-day period in BTC) pay lower fees.
- With the release of the SafeMoon Wallet, this cryptocurrency has again demonstrated that it is a trustworthy undertaking.
Our detailed Bitmart review has revealed that you can easily trade and exchange crypto on the platform. The exchange provides several advanced features to make your crypto journey straightforward and more efficient. Moreover, its registration with FCEN makes the Bitmart exchange legit in the US, and users don’t have to worry about their funds being suddenly frozen by the government. Bitmart has a vast selection of digital assets compared to other trading platforms that users can buy and sell easily on the exchange. BitMart is a top-rated cryptocurrency exchange that allows users to trade over 170 different cryptocurrencies in various trading pairs.
It offers users decentralized financial (DeFi) services, a wide range of cryptocurrencies, advanced trading features, and an NFT marketplace. BitMart is a global cryptocurrency exchange that allows users in 180+ countries to buy and sell over 1,000 digital currencies and tokens. While BitMart offers all the features you’d expect from a global crypto exchange, it was hacked in December 2021, which resulted in an estimated $196 million cryptocurrency theft. BitMart enables trading in over 1,000 digital assets and provides investment services and advanced features to a global customer base, including margin and futures trading.
- You can easily buy the cryptocurrency of your choice and have it delivered to your BitMart wallet in minutes.
- Once you have gained complete access to all features of Bitmart after completing your KYC, you will have to fund your account before choosing to buy Safemoon.
- Buying cryptocurrency in this specific way is, once again, very simple and straightforward!
- Thus, using any of the above methods you can buy cryptocurrency from the BitMart website.
They can be the determining factor when it comes to you making a profit whilst trading cryptocurrencies, and even having to concede and sell your assets at a lower price than you’ve bought them. If you are new to crypto trading in the USA, you can sign-up to Kraken and claim up to a 50% discount on your trading fees by clicking this link. BitMart is a cryptocurrency exchange that was first introduced in 2017 and is widely known as one of the most secure platforms to buy, sell, and trade crypto. The exchange has a multi-layer and multi-cluster system architecture that makes it secure and stable for all kinds of customers.
For example, you could buy Baby Doge Coin (BABYDOGE) on BitMart, but I wouldn’t recommend it. Still, if you want options, you’ll have plenty of them on this exchange. This exchange is best suited for intermediate to advanced investors. Although investors of all experience levels can use it, there are much more beginner-friendly crypto exchanges out there.
The exchange went online in 2017 and has succumbed to a hacking incident only once. The verification process for Level 1 users’ accounts is straightforward and requires only personal details like a valid email and a phone number to set up two-factor authentication. Once you’ve entered these details correctly, you can start using the Bitmart trading platform to buy and sell crypto assets. BitMart has a tiered fee structure, where users with higher trading volumes (based on trading volume over a 30-day period in BTC) pay lower fees.
Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. So, as a final point in our BitMart review, let’s take a look at some usability aspects of the exchange, and the process of how you should go about acquiring your first cryptocurrencies on the site.
Bitmart Referral Program
BitMart beginners can take advantage of the site’s online handbook, which offers a step-by-step process for using the site to buy, sell, and trade cryptocurrencies. In addition, beginners can also use the platform’s Buy & Sell feature that allows users to buy Bitcoin (BTC) and other cryptocurrencies using Visa, Mastercard, Apple Pay, and PayPal. If you have a sufficient balance of BMX tokens, you can qualify for lower trading fees. Standard users can also get a 25% discount on trading fees when paying them with BMX tokens.
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Bitmart is one of the most secure and trusted cryptocurrency exchanges out there. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions by sharing our methodology for rating cryptocurrency exchanges. We determined our review on security, fees, number of cryptocurrencies available, and other factors. We also considered if the exchange is regulated by an appropriate agency or entirely decentralized. BitMart offers many of the same products and services as leading global exchanges, such as Binance, CEX.IO, Poloniex, and Huobi Global. U.S. customers can trade on BitMart, but the exchange’s Earn and Lending products are unavailable to users in the United States.
BitMart Exchange Review
They specialize in bringing newer coins to people as quickly as possible to make cryptocurrency open to the general public as soon as possible. Their goal is to ensure financial freedom to all classes of society by granting them access to all sorts of investment opportunities available in the world. In addition to the heavy hitters, BitMart offers all kinds of smaller cryptocurrencies you don’t see on many other exchanges. This means you need to be even more careful about what you invest in, because many of these tokens have dubious value.
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Bitmart is available in 180 or more countries worldwide, so it shouldn’t be a problem for you to find your native fiat currency on the exchange platform’s list. Bitmart works on both Android and iOS so, you don’t have to worry about your phone’s compatibility cardano price prediction 2020 with it. Once you do, you will have to create your account on their platform using your email id or phone number, or both. After this is done, you can freely buy and sell any cryptocurrency or token you like available on the platform.
For the time being, BitMart will capture everyday copies of users’ Safemoon transactions and disseminate them every month. By market capitalization, SafeMoon has rapidly climbed to become Binance’s third-largest cryptocurrency. With the release of the SafeMoon Wallet, this cryptocurrency has again demonstrated that it is a trustworthy undertaking.
With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. As you might have gathered by this point, the exchange in question does possess a lot of different features and benefits, as far as the user is concerned. Buying cryptocurrencies via PayPal, credit & debit cards, or bank transfers is going to be one of the most-secure ways of going about it. It’s also going to be super-fast (well, except maybe for the bank transfer method), and also very simple, especially when you compare it with crypto-crypto purchases. Professional users that trade in large trading volumes can enjoy better fees and can also earn an extra discount of up to 35% with BMX.
The company later stated that it would reimburse all its users with the funds they had raised. Bitmart has a very lucrative referral program for existing users, allowing them to invite their friends to trade on Bitmart and earn up to 40 percent from their trading fees. You can invite your friends to Bitamrt through a referral link or QR code. BitMart is a global cryptocurrency exchange with over 5.5 million users in 180 countries. The platform was launched in 2017 in the Cayman Islands, with its offices in China, South Korea, and the United States.