bitmart
Dedicated appInternational ExchangeSpot marketFutures market
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Teagle user score
BitMart Exchange Review
The centralized exchange BitMart began operating in 2017, offering a diverse range of cryptocurrencies and services such as spot trading, derivatives trading and asset management tools. Depending on which country you sign up from with this crypto exchange , the range of services it provides varies; however, in general it does not provide services to residents of Iran. It should be noted that, according to the exchange's announcement, all of its activities will soon be discontinued, and for this reason it has asked its users to withdraw their funds and close their accounts within a specified period.
Teagle risk warning for bitmart
Warnings
BitMart exchange credibility and ranking
According to our reviews, the BitMart exchange has had more than 12 million active users over its history, but at the same time it also has a $196 million hack in 2021 on its record. On the other hand, BitMart's announcement that it is shutting down in 2026, together with a lack of transparency in its proof of reserves, has left its current credibility clouded by uncertainty and risk.
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Proof of Reserves |
More than $5 million (at the time of writing) |
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24-hour trading volume (Volume 24) |
$303 million (at the time of writing) |
Does the BitMart exchange have a history of hacks or fraud?
In 2021, the BitMart exchange was the target of a severe cyberattack in which about $196 million in digital assets was stolen from two of BitMart's hot wallets. According to BitMart's CEO, the main cause of the incident was a stolen private key. Following the incident, the exchange announced that it would compensate affected users from its own funds.
Two-factor authentication Has
Global ranking Has
Hack history Has
Security certification Does not have
Exchange currencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
- Hyperliquid (HYPE)
- Ripple (XRP)
- Tron (TRX)
- Dogecoin (DOGE)
- and …
- Fortune (FRT)
- Spaceway Utility Token (SPWAY)
- My Identity (MYID)
- Fonq (FONQ)
- Auxite Reserve (AUXR)
- Normie (NORMIE)
- PosX (POSX)
- USDCX (USDCX)
- Flex (FLEXON)
- Southern Company (SOON)
Costs on the BitMart Exchange: From Deposit Terms and Fees to Withdrawals
The BitMart exchange supports deposits and withdrawals of a wide range of cryptocurrencies across various networks. The exchange has no fixed minimum deposit; the minimum varies depending on the deposit method, the network and the cryptocurrency.
When depositing, users need to select the correct transfer network and wallet address and enter them in their own wallet in order to deposit the desired cryptocurrency. For withdrawals, the minimum amount, network fee and withdrawal limits also vary depending on the currency and network chosen. BitMart has also published a separate guide on deposits and withdrawals and on issues such as incorrect transfers, wrong addresses and withdrawing delisted assets, which can be viewed via this link .
BitMart Exchange Services and Features
In addition to crypto trading, the BitMart exchange offers a range of services for trading, earning income and using digital assets. The exchange covers everything from spot and futures trading to copy trading, Earn services and an NFT marketplace. Some of these features are designed for more professional users and come with their own conditions and limitations. Below, we will go over some of the exchange's features:
- Spot trading: Direct buying and selling of a wide range of cryptocurrencies in the spot market
- Futures trading: Trading crypto futures contracts with leverage and Long and Short positions
- Copy trading: Users can follow and copy the trades of selected traders in the futures market
- BitMart Earn: A set of products such as Savings and Staking that let users earn returns on their crypto assets.
- NFT marketplace: BitMart also has an NFT marketplace through which users can buy listed NFTs and take part in some programs such as Vote to Earn.
BitMart Exchange's Dedicated App
BitMart Exchange App User Experience
The user experience of the BitMart app is mixed; some users have been highly satisfied with its simple interface, high speed and wide variety of altcoins. However, there are also reports of the app slowing down after updates. In addition, following news of the exchange halting operations in 2026, users have faced serious problems such as being unable to log in to the app, cancelled transactions and frozen assets.
Expert Review: Is BitMart Exchange Suitable for Iranians?
BitMart Exchange Headquarters Details
BitMart Exchange FAQ
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User Reviews of BitMart Exchange
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