Cayman Islands


2-5 years

MSB License|

Suspicious Overrun|

High potential risk



Yesterday Vol
7 Days
Rating Index



Influence Index NO.1

India 8.04

Better than 99.65% exchange(s)

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The WikiBit Score of this exchange is lowered because of too many unresolved complaints!




MSB License

Exchange Info

Company Name
Phone of the company
Customer Service Email Address

WikiBit Risk Alerts

Previous Detection 2024-05-19

The number of the negative comments received by WikiBit have reached 10 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000184636226), please be aware of the risk!



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Yesterday Vol

7 Days

$ 4.7618b

$ 4.7618b


$ 2.6089b

$ 2.6089b


$ 101.797m

$ 101.797m


$ 100.712m

$ 100.712m


$ 78.605m

$ 78.605m


$ 44.406m

$ 44.406m


$ 42.567m

$ 42.567m


$ 37.035m

$ 37.035m


$ 32.424m

$ 32.424m


$ 32.133m

$ 32.133m


$ 30.891m

$ 30.891m


$ 26.368m

$ 26.368m


$ 24.245m

$ 24.245m


$ 23.629m

$ 23.629m


$ 18.625m

$ 18.625m


User Reviews


37 ratings

Participate in evaluation
BitMart is not registered with the U.S. Securities and Exchange Commission (SEC)
2023-10-16 18:38
unable to withdraw. its failed
2023-08-28 08:28
I want to withdraw money in usdt from bitmart to bitkub, but the withdrawal is unsuccessful, so contact the support of bitmart why the strange symbol appears. In conclusion, I transferred it to a wallet that is suspected to be a ponzi, which is bitkub's wallet and bitmart asks for a screenshot and asks for personal information. Including asking where the source of my money came from and why to withdraw it. I deposited to buy pepe2 9000 coins over usdt and the value dropped to only 30% of the balance. How is it wrong when I lose and I will cut the loss? That there is strange behavior, claiming the police, claiming the prosecutor is crazy. Nonsense, if he is conscious, he can double-check that bitkub is certified by the SEC, so I think it's a scammer or not, even though I've transferred in and out many times. Since there's a problem this time around, there were only a few thousand left. Saw a warning that bitmart is unreliable, thought it was right this time.
2023-07-18 16:06
who gave us trade
2023-06-30 22:36
The BitMart user interface really gives me a headache. It's so complicated that I don't even know what to do. When it comes to innovation, it must first be understood by others. The fees are quite high.
2023-10-30 16:21
BitMart's security system is unreliable! My account was hacked & they did nothing. Really high trading fees too!
2023-10-07 19:50
Dove nft
As a beginner, I appreciate how user-friendly this platform is. It's like they knew I needed a simple and straightforward way to start trading.
2023-12-02 21:15
Gentle Tommy
I think Bitmart is a good platform. the stock market is very useful.
2023-11-06 04:42
The stock market is very useful and beautiful. However, I don't like the website. Because when I enter the menu for any operation, the top menu disappears and it becomes impossible to navigate between the menus. This is really bad.
2023-08-24 08:08
The intuitive asset discovery feature makes it easy for users to explore and learn about new cryptocurrencies, enhancing their overall trading experience.
2023-12-02 19:38
Bitmart in another exchange that is easy to use. Tried trading using the app it was okay but the minimum is kinda high for a still unstable exchange
2023-09-06 15:35
I think Bitmart is also a good exchange
2023-08-24 10:25
BitMart's prices are volatile and challenging, but the transaction fees are very satisfying. At the same time, the friendly user interface experience also won my heart.
2023-11-02 15:00
not that good
2023-09-06 22:00
the best exchange in my opinion for Altcoins !
2023-09-05 23:20
X sai
The distribution is very small, as if I didn't intend to
2023-09-04 21:37
not user friendly
2023-08-23 20:30
The incorporation of a user-driven voting system for listing new tokens creates a democratic process, ensuring that popular and promising assets are considered.
2023-12-02 23:09
The app design looks nice. Have many alt/meme coin, future trading features is ok.
2023-09-08 02:56
The interface of the BitMart platform is very user-friendly, making it very suitable for beginners to trade, and its trading fees are relatively low. In addition, BitMart places great emphasis on security configuration, giving me peace of mind when buying and selling coins!
2024-02-20 15:38

View all comments

⭐Features Details
⭐Exchange Name BitMart
⭐Founded in 2017
⭐Registered in Cayman Islands
⭐Cryoptocurrencies 1500+
⭐Trading Fees $10 billion
⭐24-hour trading volume Taker fees: 0.0200% - 0.0000%, Maker fees: 0.0150% - 0.0000%
⭐Customer Support Online Chat, Social Media

What is BitMart?

BitMart is a cryptocurrency exchange established in 2018, with its main office in the Cayman Islands and additional locations in the US, China, and Hong Kong. BitMart supports more than 1,500 different cryptocurrencies, handling over $10 billion in trading within a day. BitMart provides features such as margin trading, staking, and the option to deposit fiat currency. The fees for trading are set this way: taker fees vary from 0.0200% to 0.0000%, while maker fees range from 0.0150% to 0.0000%.


Pros and cons

BitMart excels in these areas:

  • Supporting over 1,500 cryptocurrencies, which gives traders a wide variety of options to choose from.

  • Competitive trading fees, taker fees ranging from 0.0200% to 0.0000%, maker fees ranging from 0.0150% to 0.0000%.

  • BitMart offers margin trading, which allows traders to borrow funds to increase their trading positions.

  • Reward staking available, allows users to potentially earn passive income on their holdings.

BitMart lacks these areas:

  • Negative comments about BitMart on customer review websites and social media.

  • BitMart was hacked in 2021, resulting in a theft of $196 million worth of cryptocurrency, raising concerns about the exchange's security measures.

  • BitMart has gone above and beyond the rules FinCEN made for its MSB license.

  • Relatively new compared to many other established exchanges

Pros Cons
Over 1,500 cryptocurrencies Weak regulation
Low trading fees Negative reviews about customer support
Margin trading available A hacked history
Reward staking available Relatively new


BitMart is licensed as an MSB (Money Services Business) by Spread Technologies LLC, under the Financial Crimes Enforcement Network (FinCEN). The Regulation Number associated with this license is 31000184636226. According to the information provided, BitMart has exceeded the regulatory requirements set by FinCEN for its MSB license.

FinCEN is a bureau within the United States Department of the Treasury that is responsible for enforcing financial regulations related to money laundering, terrorism financing, and other financial crimes.



BitMart boasts that it provides different security measures to keep users' assets safe. These include:

  • Cold storage: BitMart stores the majority of its user funds in cold storage, which is an offline environment that is not connected to the internet. This makes it much more difficult for hackers to access user funds.

  • Multi-factor authentication (MFA): BitMart requires users to enable MFA for their accounts. MFA adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

  • IP whitelisting: BitMart allows users to whitelist specific IP addresses that can be used to log into their accounts. This helps to prevent unauthorized access from unknown IP addresses.

  • Transaction signing: BitMart uses transaction signing to ensure that users are the only ones who can approve withdrawals from their accounts. This prevents hackers from being able to withdraw funds without the user's consent.

  • Security audits: BitMart undergoes regular security audits by independent third parties. This helps to identify and fix any security vulnerabilities that may exist.

Cryptocurrencies available

BitMart has more than 1,500 cryptocurrencies available for trading, making it one of the biggest exchanges globally in terms of listed cryptocurrencies. This is particularly helpful for users interested in trading new and innovative digital currencies.

Some of the most popular cryptocurrencies available on BitMart include:


You can find the full list of cryptocurrencies available here: https://www.bitmart.com/markets/en-US. BitMart is known for swiftly adding new coins to its platform. They regularly introduce new cryptocurrencies to the exchange. Based on information from BitMart's website, it usually takes about 10 days on average for a coin to be listed. In some cases, certain cryptocurrencies have been listed in as little as 2 days.

How to open an account?

Here are the steps on how to open an account on the BitMart exchange:

  • Go to the BitMart website and click on “Create Account”.

  • alt=open-account

    2. Enter your email address and password.


    3.Click on “I agree to the Terms of Service and Privacy Policy”.

    4. Click on “Create Account”.

    5. A verification code will be sent to your email address. Enter the verification code and click on “Verify”.

    6. Your account will be created. You will need to verify your identity before you can start trading.

    To verify your identity, you will need to provide your full name, date of birth, and government-issued ID. You will also need to take a selfie. Once your identity is verified, you will be able to start trading on BitMart.


    For standard users, the trading fee is 0.25% regardless of whether you are a maker or taker. But, you can get a 25% discount on this fee if you use BMX, the BitMart exchange's own token, to pay your trading fees. BMX offers benefits like reduced trading fees for exchange users.

    Level BMX holding balance & Trading volumel30 Maker/Taker Maker/Taker (BMX 25%deductionl)
    LV1 BMX ≥ 0 & < 150 BTC 0.1000%/0.1000% 0.0750%/0.0750%
    LV2 BMX ≥ 500 & < 150 BTC 0.0900%/0.1000% 0.0675%/0.0750%
    LV3 BMX ≥ 2,000 & < 150 BTC 0.0800%/0.0900% 0.0600%/0.0675%
    LV4 BMX ≥ 10,000 & < 150 BTC 0.0700%/0.0900% 0.0525%/0.0675%
    LV5 BMX ≥ 50,000 & < 150 BTC 0.0600%70.0800% 0.0450%/0.0600%
    LV6 BMX ≥ 100,000 & < 150 BTC 0.0500%70.0600% 0.0375%/0.0450%
    LV7 BMX ≥ 200,000 & < 150 BTC 0.0400%/0.0500% 0.0300%/0.0375%
    LV8 BMX ≥ 500,000 & < 150 BTC 0.0300%/0.0500% 0.0225%/0.0375%
    LV9 BMX ≥ 1,000,000 & < 150 BTC 0.0300%/0.0400% 0.0225%/0.0300%

    For professional users, the trading fees vary based on the trading volume, ranging from 0.02% to 0.00% for makers, while takers' fees range from 0.03% to 0.02%. As trading volume increases, the fees decrease for both makers and takers.

    Level Trading Volume (30d) Maker Fee/ Taker Fee
    PRO1 150 BTC < Trading Volume (30d) < 2500 BTC 0.0200%/0.0300%
    PRO2 Trading Volume (30d) > 2500 BTC 0.0150%/0.0250%
    PRO3 Trading Volume (30d) > 32,000 BTC 0.0000%/0.0200%

    Deposit & Withdrawal

    BitMart supports multiple payment methods, including

    • Credit/Debit Card

    • Bank Transfer

    • Apple Pay

    • PayPal

    • Gift Cards

    Deposits on BitMart are free of charge, and there are no fees for holding assets in your BitMart wallet. However, when you withdraw your cryptocurrencies, a small fee applies based on the specific cryptocurrency and network you're using. This fee can change over time due to the blockchain's condition. Additionally, remember that you might need to cover a gas fee along with the transaction fee. This gas fee can also change depending on how busy the blockchain is.

    alt=alt= deposit-withdrawal

    Educational Resources

    On June 28, 2023, BitMart introduced a Learn and Earn Program. This cool program helps users learn more about cryptocurrencies and at the same time, they can get awesome rewards. You can find the whole story of this right here:https://finance.yahoo.com/news/bitmart-launches-learn-earn-program-130000262.html.

    Customer Support

    BitMart offers customer support through a dedicated support center, support tickets, and live chat. Unlike some exchanges, it doesn't provide phone support. Instead, you can use the chat feature to get real-time answers to your questions. Besides, BitMart is also active on several popular social media platforms.


    Is BitMart a Good Exchange for You?

    BitMart appear to be a good exchange for traders in the following types:

    Advanced traders who are looking for advanced trading tools

    Traders who want to earn interest through crypto staking

    Traders who pursue larger selection of cryptocurrencies that are not listed on other exchanges

    Has BitMart experienced controversy?

    Yes, BitMart has experienced controversy in the past.

    In 2019, BitMart was hacked and lost $196 million worth of cryptocurrency. The hack was caused by a vulnerability in BitMart's hot wallet. BitMart reimbursed all users who lost funds in the hack.

    In 2020, BitMart was accused of wash trading. Wash trading is a form of market manipulation where traders buy and sell the same cryptocurrency to artificially inflate the price. BitMart denied the allegations of wash trading.

    In 2021, BitMart was fined $2.4 million by the Commodity Futures Trading Commission (CFTC) for violating U.S. regulations. The CFTC found that BitMart had failed to register as a futures commission merchant and had engaged in impermissible margin lending. BitMart agreed to pay the fine and to comply with U.S. regulations in the future.

    Compare BitMart with other exchanges

    Trading Fees Taker fees: 0.0200% - 0.0000%, Maker fees: 0.0150% - 0.0000% Maker: 0.04%, Taker: 0.075% Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% Up to 0.40% maker fee and up to 0.60% for taker fee
    Cryptocurrencies 1500+ 500+ 11 200+
    Regulation FinCEN (Exceeded) Regulated by NMLS, MAS/FinCEN (Exceeded) Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

    User Reviews

    James Wilson

    28 March 2021

    “BitMart has been a game-changer for me in the crypto world. The sheer variety of cryptocurrencies available is mind-blowing, and the user-friendly interface makes trading a breeze. The liquidity is impressive, ensuring smooth transactions. Plus, the security measures they have in place, like two-factor authentication, give me peace of mind. Customer support has been prompt whenever I needed assistance, and the trading fees are reasonable. I'm all in for BitMart!”

    Sophie Miller

    23 April 2022

    “Honestly, I was disappointed with BitMart. First, the lack of clear regulation made me skeptical about their commitment to security. The interface seemed a bit cluttered and confusing, which wasn't great for a newbie like me. I also faced issues with customer support – slow response times and not-so-helpful answers. And don't get me started on the withdrawal fees! Some cryptocurrencies charged outrageous amounts. I wasn't too impressed with the speed of deposits and withdrawals either. Overall, BitMart fell short of my expectations.”


    In a nutshell, Bitrue lets you trade more than 1,500 cryptocurrencies, giving you lots of options to choose from. But, keep in mind that it's not strongly regulated, which might worry some people. Options like BitMart, Binance, Coinbase, and more exchanges, your ideal pick relies on what you like to trade, the cryptocurrencies you want, how much you know, and how safe you feel with the rules and security on the platform.


    Q: What cryptocurrencies are available for trading on BitMart?

    A: BitMart offers a wide range of digital assets for trading, including over 1,500 different cryptocurrencies.

    Q: Can I access BitMart on different devices?

    A: Yes, BitMart supports multiple trading platforms, including web, mobile apps (on iOS and Android devices), and API integration, providing flexibility and convenience for traders.

    Q: What factors should I consider when determining if BitMart is suitable for me?

    A: When considering BitMart as a trading platform, it is important to prioritize factors such as the diverse selection of cryptocurrencies available and the flexibility of trading platforms. However, it is also crucial to consider BitMart's lack of regulation and unclear maximum leverage terms, as these may affect your trading strategies and preferences.

    Q: What Country Is BitMart From?

    BitMart is registered in the Cayman Islands and has offices in South Korea, China, and the United States.

    Q: Is BitMart Better Than Coinbase?

    A: BitMart and Coinbase are both cryptocurrency exchanges with solid customer reviews. Coinbase is recommended for beginners because of its smaller offerings (over 250 cryptocurrencies) and easy-to-use platform, while BitMart offers over 1,500 cryptocurrencies on its exchange, giving it a slight edge over Coinbase.

    Q: Is BitMart Allowed in the USA?

    A: Yes, BitMart is allowed in the United States. However, there are some restrictions on what services BitMart can offer to US users. For example, BitMart's Earn and Lending products are not available to US users.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.




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