BitMart 2022 Review: Safety, Fees, Pros & Cons, and More

Andrew Moran
By Andrew Moran
Joel Taylor
Edited by Joel Taylor

Published February 23, 2022.

Our team independently researches and recommends the best products and services. We publish reviews that are unbiased nor influenced by payments we receive from some of the app developers.

Promotional image for Bitmart

Everyone has contracted the crypto bug, be it Bitcoin or GrimaceCoin. Who would have thought a decade ago that the broader cryptocurrency industry would transform into one of the largest sectors in the world?

As more people hop on the crypto bandwagon, the global marketplace has responded, including the creation of exchanges to facilitate the buying, selling, holding, and trading of virtual tokens.

The latest is BitMart, an international cryptocurrency exchange that operates in more than 180 countries and offers 800 digital currencies. But how is it different from its rivals?

Let's explore BitMart and everything it has to offer.

Promotional image for Bitmart


  • Large selection of cryptocurrencies
  • Competitive trading fees
  • Easy user interface
  • Excellent customer service support
  • Supports many different languages
  • Users can earn crypto
  • Innovative website for advanced users


  • A relatively new system
  • Suffered a large-scale attack in December 2021
  • Poor mobile app functionality

Who BitMart Is Best For

While BitMart is open for business for anyone interested in participating in the world of cryptocurrency, the website is geared more toward traders with moderate to advanced investment knowledge. The website offers a wide range of features and tools that more seasoned crypto and trading enthusiasts would know how to exploit.

BitMart does possess a few helpful resources to enhance your trading position, such as advanced charting and multiple order types. But aside from the usual help center or FAQ section, it does not have as many trading resources as exchange alternatives.

Available Cryptocurrencies on BitMart

With hundreds of cryptocurrencies to choose from, it can be difficult to determine which one to purchase. Of course, it all comes down to what you want for your portfolio and what your objectives are for your investment endeavors.

Here is a list of the suite of offerings, from premier tokens to altcoins, on BitMart:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Avalanche (AVAX)
  • Axie Infinity (AXS)
  • Baby Doge (BABYDOGE)
  • Binance Coin (BNB)
  • BMX (crypto created by Bitmart)
  • Dash (DASH)
  • Decentraland (MANA)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • SafeMoon (SFM)
  • Sandbox (SAND)
  • Shiba Inu (SHIB)
  • Solana (SOL)
  • SushiSwap (SUSHI)
  • Stellar Lumens (XLM)
  • Terra (LUNA)
  • Tron (TRX)
  • Zcash (ZEC)
  • Zilliqa (ZIL)

Put simply, the treasure trove of tokens you can trade is what truly makes the website stand out from most of its industry rivals.

BitMart App Review

The BitMart website has been complimented on its ease-of-use trading platform. Everything about the web-based portion of the outlet, from creating an account to buying and selling virtual tokens, is user-friendly.

The mobile application is a bit different. The app maintains a 3.1/5 rating on Google Play, with users complaining about many technical difficulties, such as assets not appearing on their accounts and challenges while withdrawing funds. There have also been grievances relating to the functionality of the app and cryptocurrencies delisting without giving clients any notice.

Ultimately, the web-based platform is superior to the mobile trading app.

BitMart Security

After the plethora of data breaches and hacking and cybersecurity threats over the years, a common question many people have before joining a crypto exchange is whether it is safe or not?

So, is Bitmart safe?

In December, the crypto exchange experienced a security breach, with hackers stealing $200 million in virtual tokens. The infiltrators utilized a stolen private key to access one of the company's hot wallets.

The website has promised to use its pool of money to return money to affected users.

But this has a growing number of users complaining about the website's security apparatus and protocols.

BitMart Fees

BitMart has a wide range of different and unique deposit and withdrawal fees. There is no single one-size-fits-all system in place, such as the withdrawal fee for Bitcoin being different than it is for Cardano.

But while deposits are free across the board, withdrawal fees and minimum withdrawals vary from coin to coin.

Here are some examples:

  • Bitcoin Withdrawal fee: 0.0005BTC Minimum withdrawal: 0.005BTC
  • Solana Withdrawal fee: 0.05SOL Minimum withdrawal: 0.5SOL
  • Avalanche Withdrawal Fee: 10000000SHIB Minimum Withdrawal: 500000SHIB

You will also find a maker/taker model with the following fee structure: 0.1% charged from the maker and 0.2% from the taker, with the calculation based on trading volumes over 30 days.

Accounts are essentially the same.

BitMart Overall Rating: 4.3/5

BitMart is a worthwhile cryptocurrency exchange that is more geared toward advanced users who can fully exploit the broad array of trading tools at your disposal, such as futures and spot trading. If you are new to the world of cryptocurrency, it would not be wise to join the five-year-old company until you are fully conversed in both digital currencies and trading in general.

BitMart 2022 Review: Safety, Fees, Pros & Cons, and More

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If you can believe it, cryptocurrency is already more than a decade old. And what a difference a decade can make when it comes to Bitcoin, Litecoin, and the myriad of virtual currencies that have reached the top of the mountain. But what about the exchanges that have facilitated the rise of the $1.5 trillion market? They have been instrumental to the success of protocols, tokens, and the extensive technological innovation that has occurred over this period. Be sure to meet, one of the top crypto exchanges in the world today that enjoys more than $12 billion in daily trading volume, thanks to its vast selection of coins, safe coins, altcoins, meme coins, and everything in between. ProsEnormous selection of cryptocurenciesMany trading options to choose fromBeginner-friendly trading platformExcellent mobile applicationTop-notch securityCompetitive investment fees24/7 customer serviceVerification time is quickConsComplicated fee structureUnregulated cryptocurrency exchangeNo fiat currency deposits Who Is Best For maintains a beginner-friendly user interface and overall platform. The process of buying, selling, and trading is simple enough as all of your investment options are available at the click of a button. Ultimately, whether you are a crypto pro or a neophyte, can be a great destination for your digital currency trades. Meanwhile, maintains a treasure trove of trading resources that can further enhance your investment journey. Here is a look at just some of the mechanisms you can utilize to your advantage: Flash swap Substitute one digital currency for another with one click. Push transaction Transfer an asset at a specific price to another account. Liquidity mining Generate additional income from fees by offering Dual-Assets liquidity to the crypto market. Cloud mining Mine cryptocurrencies without the hardware. Lending Offer single-asset liquidity to enjoy more earnings. Grid trading + copy trading Emulate the trades of other cryptocurrency investors. Available Cryptocurrencies on has hundreds of cryptocurrencies to choose from, be it premier coins like Ethereum or meme coins like Yooshi. Here is a list of some tokens you will find: Bitcoin (BTC)Ethereum (ETH)Cardano (ADA)Half Pizza (PIZA)Dragon Kart (KART)Sandwich (SANDWICH)DogeCoin (DOGE)Dai (DAI)Uniswap (UNI)BambooDeFi (Bamboo) App Review Now, there are two ways to trade crypto using the web-based trading platform and the mobile app. For serious traders, it is always better to trade assets using a desktop. You cannot extract all the information available by buying and selling investments on a single-screen mobile device. You need either multiple screens or multiple applications open. Because the website is so clean, organized, and effective, it would be more suitable to trade ShibaCoin or Sashimi Coin on the web-based version. That said, the cryptocurrency exchange is available to use on both the Apple iPhone and Google Android. The app has been widely celebrated for its efficiency and high performance. Many clients enjoy the app, which explains its high rating. But it is also crucial to only use the app for basic things, such as checking quotes, placing a transfer request, or monitoring your portfolio. Security prides itself on having the most secure exchange in the entire industry. When looking at the various security mechanisms that have been installed, it can be hard to dispute these claims. But what does it offer that makes it a secure platform anyway? Here are a few of its system installations: Third-party cloud security defense servicesDNS securityEncrypted transport layerWeb Application Firewall (WAF) protection systemAnti-DDoS attack Indeed, in the cryptocurrency ecosystem, websites in all categories need to be more diligent, and does this. Fees So, what are the fees that charges you anyway? The web platform offers in-depth service at the lowest possible cost, whether it is for long-term trading or margin investing. For deposits, there are no fees. For withdrawing your funds, the costs will vary based on the coins. It might be fee, or it could come at a low cost. For example, the withdrawal fee for Tron (TRX) is $0.06. But, as another instance, withdrawing Algorand (ALGO) would be $1.98. The withdrawal fees for Bitcoin and Ethereum are 0.001 BTC and 0.011 ETH, respectively. When it comes to trading fees, has a market maker trading fee (0.2 percent) and a market taker charge (0.2 percent). Creating an account on is a bit more complicated. First, you have a main account, which can then allow you to come up with several sub-accounts to help you invest and manage your assets. The main account can also have up to 16 VIP labels, which can also establish up to ten sub-accounts. The features and functions will vary for these accounts, from the trading fee discounts to peer-to-peer fiat trading to asset transfers. One more thing: How long kyc takes can range from 30 minutes to 12 hours. When you want to deposit money into the account, it can also take relatively the same amount of time. Overall Rating: 4.3/5 Overall, is a terrific cryptocurrency exchange that really elevates your trading endeavors, as long as you know what you are doing. It maintains exceptional resources, possesses a broad array of tools and features, and provides superb customer support to ensure you are trading at your best. 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