BitMart is a controlled cryptocurrency exchange that was founded in 2017 and has Cayman Islands registration. On the exchange right now, there are 662 coins and 747 trade pairs. The reported BitMart 24h volume is $908,509,658.80, a change of 95.03% over the previous 24 hours. BTC/USDT is the most popular trading pair, with a 24 hour volume of $326,345,028.36. For BitMart, Exchange Reserves data is not yet available
- Has a fairly broad range of coins supported
- Offers chances to earn cryptocurrency
- Offers a straightforward bitcoin buy/sell feature
- The user interface is friendly
- It has a better financial system
- A large-scale hack occurred in 2021
- As compared to others, there are still many cryptocurrencies left to be listed.
- Consumers' negative comments
Why to choose BitMart?
Here is why to choose BitMart or simply skip it, up to you to pick!
Because it enables users in more than 180 countries to purchase and sell more than 1,000 cryptocurrencies, BitMart is our top choice in the category of the best for altcoins.
BitMart is a worldwide cryptocurrency exchange that was established in 2017 and is accessible in more than 180 nations. More than 1,000 digital currencies and tokens can be purchased, sold, and stored by users.
BitMart, a Cayman Islands-incorporated company, has made a name for itself as a top trading platform for small- and medium-sized cryptocurrencies. Investors wishing to add recently launched or obscure crypto assets to their portfolios will probably find what they are looking for on this exchange because BitMart offers more assets and trading pairs than its market-leading peers.
Customers of BitMart can also use the Earn feature of the exchange to earn income on any cryptocurrency assets they hold there. Users that possess BMX, the exchange’s native cryptocurrency, are also eligible for reduced trading fees.
While BitMart has a lot to offer seasoned cryptocurrency traders, the exchange has over the years garnered some unfavorable client comments. For instance, a number of user complaints detailed withdrawal problems, subpar customer service, and a lack of transparency. There are, however, at least a few favorable reviews as well.
In addition, BitMart experienced a security breach in December 2021 that cost users $196 million.
Even though BitMart has committed to compensate users, the attack has severely damaged the exchange’s reputation.
Despite these shortcomings, BitMart will satisfy the needs of cryptocurrency traders interested in trading a variety of lesser-known cryptocurrencies.
