Home Altcoins BitMart Exchange Review: Features and Fees

BitMart Exchange Review: Features and Fees

by Crypto Coin Dude
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BitMart Review

Hey guys, today we’re going to be reviewing an exchange that is gaining traction in the crypto space. This exchange is BitMart. Founded in 2017, BitMart is a premier professional digital asset exchange platform designed for crypto traders. In this review, we’ll cover some general information about the platform, mobile support, the trading view, fees, deposit methods and then we’ll wrap it up.

General info

Bitmart has great volume and great depth on the order books meaning you can trade with ease.

BitMart’s 24-hour trading volume was circa 606 million USD. This number places BitMart in the top 15 list of exchanges with the highest 24-hour trading volumes.

Additionally, Bitmart support over 180 countries so you’re most likely going to be covered when trading here. It covers the UK and US so this is a good place to trade.

Mobile Support

Mobile trading is critical for the modern on the move trader and BitMart offers its platform as a well-packaged mobile application.

If you have an iPhone, an iPad or an Android phone, you don’t even need a desktop to start trading cryptocurrencies on BitMart.

Just download the app from the App Store or Google Play!

From our testing the Mobile app, the performance was great and well worth a look.

BitMart Trading View

The trading view in slick, lean and user-friendly. Here’s the exchange in action.

BitMart Exchange User Interface
BitMart Exchange User Interface

On the left, we have the markets and volume. In the middle, we have the charts by the popular Trading View. Down below, we have open orders, order history and trade history.  And on the right, we have the order books for when we want to buy and sell crypto. The setup of BitMart’s exchange is something we really like.

If you’d like to check out our video BitMart Exchange review and walkthrough, check it out below:

BitMart Exchange Review and Walkthrough

BitMart Fees

BitMart Trading fees

Trading fees are very important when selecting an exchange to use. Every time you place an order, the exchange charges you a trading fee. The trading fee is a percentage of the value of the trade order.

At this exchange, they divide traders between takers and makers. Takers are the one who “take” an existing order from the order book, while makers “make” the orders that get taken.

BitMart charges takers 0.20%. These taker fees are slightly below the industry average which is arguably around 0.25%.

On the other hand, makers receive a discount on their trading fees as they promote liquidity at the exchange. Makers at BitMart only pay 0.10% per order, which is competitive.

BitMart Withdrawal fees

This exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is also below the industry average.

Overall on fees, BitMart has a very competitive offering with respect to both trading fees and withdrawal fees.

Deposit Methods

On this exchange, you can purchase crypto through payment cards such as VISA and MasterCard

This is very helpful especially for newer crypto investors who want a broad selection of available deposit methods.

Many exchanges offer no fiat currency on-ramps at all so BitMart distinguishes itself t by offering card payment possibilities.

And that’s our Bitmart review. If you liked it feel free to give it a share and if you’d like to check out BitMart feel free to click the link.

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