BitMart
⭐ Trust Score: 8/10
🏆 Arbi.TEAM 8/10
📋 Basic information
📊 Trading statistics
📖 About exchange
BitMart
Global exchange focused on altcoins and loyalty program
General Information
| Parameter | Value |
|---|---|
| Year Founded | 2017 |
| Country | Cayman Islands |
| Type | CEX |
| Trust Score | 8/10 |
| Global Rank | #22 |
| 24h Volume (BTC) | 38,590.62 |
| Listed Coins | 1055 |
| Trading Pairs | 1212 |
History
BitMart founded in 2017 in the Cayman Islands. The team aimed to create an accessible platform for traders from developing countries with a simple interface.
In 2019 BitMart launched the BMX Token, offering fee discounts and token sale access. The token quickly gained community traction.
In 2021 BitMart suffered a $196M hack due to a compromised private key. Withdrawals were paused and the platform resumed after security upgrades.
BitMart holds MSB licenses in the US and Canada. The exchange actively partners with blockchain projects for exclusive listings.
Key Features
Large Coin Selection
Over 1,050 tradable assets. BitMart is known for listing memecoins and niche projects early.
BMX Token
Fee discounts, Launchpad access, and voting. Fee revenue directed to BMX buybacks.
BitMart Earn
Savings products, staking, and fixed deposits with competitive APR rates.
Launchpad
Token offerings with guaranteed BMX holder allocations.
Mobile App
Simple, intuitive trading app for on-the-go access with basic functionality.
P2P Trading
Peer-to-peer marketplace supporting local payment methods across countries.
Trading Fees
| Market | Maker | Taker |
|---|---|---|
| Spot | 0.10% | 0.20% |
| Futures | 0.02% | 0.06% |
| Margin | 0.10% | 0.20% |
| P2P | 0% | 0% |
BMX reduces spot fees. Referral: up to 40% from referred fees. VIP tiers for active traders.
Security
Geography & KYC
Availability: 180+ countries KYC: Tiered — basic trading without KYC Banned in: USA, China, Iran, Cuba, North Korea, Syria
Pros & Cons
✅ Pros
- Wide altcoin and memecoin selection
- BMX fee discounts and Launchpad
- Trade without KYC for basics
- High 24h volume (38,590 BTC)
- P2P with local payments
❌ Cons
- Major $196M hack in 2021
- Taker fee higher than competitors (0.20%)
- Trust Score 8/10
- Support response sometimes slow
User Reviews
Trustpilot: 3.0, 2,000+ reviews. Users value wide coin selection and no-KYC trading. Negatives relate to the 2021 hack aftermath. Community notes BMX as a solid long-term asset with buyback program.
Arbitrage suitability assessment — will be added later
Personal user experience — will be added later