⭐ Quick Verdict
Rating: 8.0 / 10
BitMart is a globally accessible exchange with 1,000+ cryptocurrencies, spot & futures markets, Earn products, NFTs, and a smooth mobile-first interface. It remains popular in Africa, Asia, Europe, and Latin America — especially for users seeking affordable trading and a wide altcoin selection.
However, BitMart has a mixed trust profile because of:
- A major $196 million hack in 2021,
- Ongoing regulatory uncertainty in the UK and U.S.,
- User complaints about slow withdrawals and customer support delays.
For everyday traders in non-restricted regions, BitMart offers a strong all-in-one platform. But it is not ideal for storing large amounts long term.
What Is BitMart?
Founded in 2017 and headquartered in the Cayman Islands, BitMart has grown into one of the world’s most widely used global crypto exchanges, serving 180+ countries.
Its product suite includes:
- 1,000+ cryptocurrencies
- Spot and futures trading
- Earn/staking products
- NFT marketplace
- A launchpad for new tokens
- P2P markets
- Mobile & desktop platforms
- The BMX token for fee discounts
BitMart positions itself as:
✔ More compliant than high-risk offshore exchanges
✔ More accessible than big regulated platforms
✔ More feature-rich than smaller regional exchanges
Supported Regions & Restrictions
✔ Countries Where BitMart Is Available
BitMart is widely used in:
- Africa (South Africa, Nigeria, Kenya)
- Asia-Pacific (India, Philippines, Vietnam)
- Latin America (Brazil, Argentina, Colombia)
- Middle East (Turkey, UAE)
- Europe (most regions except strict regulatory areas)
This wide accessibility is one of BitMart’s core strengths.
Restricted or Limited Regions
BitMart does not serve U.S. users, due to regulatory pressure.
It is also flagged as unregulated in:
- The United Kingdom, where the FCA has issued warnings
- Certain EU jurisdictions
- Singapore
- Mainland China
Regulatory Position
BitMart:
- Holds various company registrations and compliance credentials,
- But lacks Tier-1 licensing (FCA, MAS, FinCEN, BaFin, etc.).
Conclusion: Good global access, but not adequate for institutional traders or users who require highly regulated ecosystems.
KYC Requirements
Minimal KYC (Basic Tier)
Users can:
✔ Create an account with email or phone
✔ Deposit crypto
✔ Trade spot
✔ Trade small amounts
✔ Explore features
Full KYC Required For:
✔ Larger withdrawals
✔ Futures trading
✔ Fiat payment methods (card providers)
✔ Launchpad participation
✔ Higher account limits
BitMart is not a no-KYC exchange, but it is significantly more flexible than platforms like Coinbase or Kraken.
BitMart Trading Features
1. Spot Trading
BitMart offers a large selection of:
- Layer-1s & L2s
- AI tokens
- GameFi tokens
- Meme coins
- DeFi blue chips
- Micro caps
- New listings and pre-market events
Interface highlights:
- Clean layout, suitable for beginners
- TradingView chart integration
- Limit, market, stop-limit orders
- Smooth order execution
Liquidity is strong on BTC/ETH/major alts, but thinner on niche tokens — similar to Gate.com and MEXC.
2. Futures Trading
BitMart supports:
- USDT-M futures
- Cross & isolated margin
- Up to 100× leverage on major assets
- Dozens of trading pairs
- Advanced order types
This makes BitMart a viable platform for:
- ✔ Short-term traders
✔ Hedgers
✔ Perpetual strategy traders
It’s not as advanced as Bybit or Binance Futures — but it’s competitive for retail-level derivatives.
3. Earn & Staking Products
- BitMart provides:
- Staking pools
- Flexible savings
- Fixed high-yield promotions
- “Smart Earn” automated portfolios
These returns vary, and users should always be cautious with CeFi yield products. BitMart’s Earn suite is better for short-term flexibility than long-term holding.
4. Launchpad & Listings
- BitMart offers curated early-stage token listings for:
- New crypto projects
- Meme coins
- GameFi launches
- Small-cap growth tokens
It attracts users who want early access similar to MEXC, KuCoin, and Gate.com.
5. P2P Trading & Fiat Options
- Fiat features vary by region:
- P2P trading (USD, EUR, NGN, etc.)
- Third-party card providers (fees depend on payment processor)
- Limited bank transfer support
This is one area where BitMart lags behind larger exchanges.
BitMart Fees
Spot Fees
| Maker | Taker |
|---|---|
| ~0.15% | ~0.25% |
With BMX token staking, fees can be reduced.
Futures Fees
| Maker | Taker |
|---|---|
| 0.02–0.04% | 0.25% |
Competitive for retail derivatives, though not the lowest.
Deposit & Withdrawal Fees
- Crypto deposits: Free
- Withdrawal fees: Network-dependent
- Fiat channels: Third-party fees vary
In most cases, BitMart falls in the mid-tier range for overall cost.
Supported Assets
- BitMart supports over 1,000 cryptocurrencies, including:
- BTC, ETH, SOL, XRP, BNB
- AI tokens
- Meme tokens (SHIB, PEPE, BONK, etc.)
- New trending microcaps
- NFT ecosystem tokens
- Stablecoins (USDT, USDC, DAI)
This makes BitMart particularly valuable for users looking for altcoin diversity.
Security & Trustworthiness
✔ Security Features
- Cold wallet storage
- Multi-layered risk controls
- 2FA authentication
- Device/IP management
- Anti-phishing codes
⚠️ Major Security Incident: 2021 Hack
- In December 2021, BitMart lost an estimated $196 million when private keys to its hot wallets were compromised.
- Although BitMart compensated users, the incident remains a major concern for long-term trust.
✔ Current Standing
- Platform has not suffered another large breach
- Security standards appear improved
- Still not at the trust level of Bybit, Kraken, or Coinbase.
⚠️ User Complaints
- Slow withdrawals
- Support delays
- Confusing KYC escalation processes
These issues put BitMart in the “use but with caution” category.
User Experience & Platform Performance
- Desktop / Web
- Beginner-friendly interface
- Two modes: Simple & Advanced
- TradingView charts
- Smooth order execution
- Clear dashboards
- Mobile App
- Available on iOS & Android
Rated positively for:
- Ease of use
- Futures trading
Quick portfolio overview
Some negative reviews for:
- Occasional lag
- Slow support responses
Customer Support
- Live chat
- Ticketing system
- Guides and documentation
- Social channels (Telegram, X)
Support quality varies — typical of mid-tier exchanges.
BitMart Pros & Cons
| Pros | Cons |
|---|---|
| 1,000+ cryptocurrencies | Past major hack (2021) |
| Spot + futures + Earn + NFTs | Not available to U.S. users |
| Competitive fees | Mixed user support reviews |
| Global accessibility | Regulatory uncertainty in UK/EU |
| Simple for beginners | Some withdrawal delays reported |
| Active listing program | Lower liquidity on microcaps |
BitMart vs Competitors
BitMart vs Bybit
| Feature | BitMart | Bybit |
|---|---|---|
| Altcoins | 1,000+ | 600+ |
| Futures Liquidity | Good | Excellent |
| Fees | Moderate | Low |
| Security | Mixed history | Strong |
| Regulation | Weaker | Stronger |
BitMart vs MEXC
| Feature | BitMart | MEXC |
|---|---|---|
| Token Count | 1,000+ | 2,000+ |
| Futures | 100× | 200× |
| User Trust | Mixed | Higher |
| Fiat Access | Moderate | Moderate |
BitMart vs Toobit
| Feature | BitMart | Toobit |
|---|---|---|
| KYC | Required for many features | Optional |
| Copy Trading | Limited | Strong |
| Fees | Slightly higher | Lower |
| Security | Past hack | Clean track record |
⭐ Final Rating: 8.0 / 10
Best For:
✔ Altcoin traders
✔ Beginners and intermediate users
✔ Users in global markets outside U.S./UK
✔ People who want spot + futures in one exchange
✔ Mobile-first traders
Not Ideal For:
✗ Institutional traders
✗ U.S. or UK-based residents
✗ Traders needing deep fiat banking
✗ Anyone storing long-term funds (use self-custody instead)
Overall:
BitMart is a capable, globally accessible crypto exchange with many features, a huge token selection, and competitive fees. It’s a great tool for retail traders — but caution is advised due to its security history and regulatory clarity gaps.
BitMart FAQ
Is BitMart safe?
BitMart is safe for trading, but the 2021 hack and mixed user reviews mean it’s not ideal for long-term storage.
Is BitMart regulated?
It is registered in several jurisdictions but not Tier-1 regulated (UK/EU/US).
Does BitMart support the United States?
No — U.S. users cannot access most BitMart features.
What are BitMart fees?
Spot: ~0.15%/0.25%. Futures: maker ~0.02–0.04%, taker ~0.25%.
How many coins does BitMart support?
More than 1,000 cryptocurrencies.
Does BitMart offer futures trading?
Yes — with leverage up to 100× on selected pairs.
