Bitmart Review 2025

Bitmart review 2025 – a comprehensive guide

Bitmart is a multifunctional exchange with a volume of $1.6 billion that is 16th on the list of the largest crypto exchanges by volume.

In this article, we will be giving a complete guide on how Bitmart began, the pros and cons of using Bitmart, and what the company has planned for the future.

Origins of Bitmart

Bitmart is a global crypto exchange founded in 2017 by Sheldon Xia, which became fully operational in 2018. It is headquartered in the Cayman Islands and has expanded its services to over 180 countries. Bitmart offers a secure and seamless platform for crypto traders, from basic crypto trading to more advanced features like futures, staking, and NFTs.

Bitmart is a mid-tier CEX (centralised exchange) market alongside Kucoin, Gate.io, and Bitget. It offers spot and derivatives trading with daily volumes averaging $500M-$1B. Like its competitors, Bitmart is a centralised liquidity hub and order-matching engine, maintaining custody of user funds while facilitating trades.

Bitmart Token

Bitmart native token (BMX) was implemented on the Ethereum blockchain. BMX tokens are a set of fungible digital tokens primarily used as fees for transactions conducted within the exchange. In addition, traders are rewarded a 25% discount as incentives for their unwavering trust and belief in the token's potential, thereby increasing liquidity.

The BMX token is currently valued at approximately $0.2994, with a market cap of around $88.66 million and a circulating supply of about 324.28 million tokens. Bitmart tokens are as volatile as other crypto tokens in the crypto market. In 2020, BMX's price plummeted to an all-time low of $0.0067.

Bitmart currently boasts over 9 million users globally, which means it has an active user base. Continuous trading activities on Bitmart increase the demand for BMX as fees in completing transactions simultaneously affect its price.

Bitmart's focus on expansion

While Bitmart is outside the top 10 exchanges ranked by volume, there are several reasons why it remains an intriguing subject to be reviewed. To level up and gain momentum up the charts of reputable exchanges, Bitmart took steps to become a more relevant crypto exchange in the industry.

Bitmart focuses on growing its customer base by pulling its resources together to increase its market share. This is made possible by integrating new features and incentives, such as advanced trading tools, competitive trading fees, and deep liquidity, which can help attract big players (institutional investors and projects).

Europe is one of the largest cryptocurrency markets globally because it is driven by long-term investment strategies and not speculative trading. It has a commendable market size and substantial trading activity. This is a significant reason why Bitmart is focusing on strengthening its commitment to European users to gain more ground and an edge over its competitors.

Innovative services

Bitmart has created a custom-made marketplace to support the trading of Inscription tokens by shifting its focus from renowned cryptocurrencies (like Bitcoin, Ethereum, and major altcoins). Bitmart has made the Inscription market its priority with nearly 40 Inscription tokens, which gives it a competitive edge over some larger exchanges.

Bitmart remains a multifaceted platform with over 1,500 cryptocurrencies available to users. Customers with insatiable trading goals can leverage various services, including Bitmart Earn, spot and margin trading, futures trading, and an NFT marketplace. Bitmart also offers APIs specifically designed for developers to integrate trading functionalities into their own applications.

New token listings

Since its inception, Bitmart has been tremendously committed to expanding its cryptocurrency offerings. It has never rested on its oars when listing new tokens on the platform. On December 9, 2024, some newly launched tokens, including STO Cash (STOC), Net Zero Climate (NZC), JTC Network's $JTC, Across Protocol Token (ACX), and many more, increased Bitmart's potential to attract investors.

Private Client Service

Bitmart took this strategic step to give high-net-worth individuals and investors VIP treatments and unlimited access to advanced trading tools, personalized support, and market insights. It is more of a loyalty program designed to enhance financial inclusion, and it is available to investors with a progressive trading status and net worth that appreciates over time.

Advantages of Bitmart

Bitmart presents several attractive benefits to crypto traders:

Low trading fees 

Future traders enjoy low fees of 0.02% and 0.06% for Makers and Takers, respectively. Meanwhile, large and small market cap spot traders receive 0.25% and 0.40%, respectively, for both Makers and Takers. These competitive fees help Bitmart stand out amongst other exchanges.

Wide selection of crypto

Over 1000 cryptocurrencies are available for trading on Bitmart. This vast array keeps traders busy and ensures they do not run out of options while using the platform.

User-friendly

An exemplary user interface is the bedrock of any reputable exchange. Bitmart's features and services are designed to suit new and veteran users' trading needs and activities.

Disadvantages of Bitmart

Bitmart has a few drawbacks which traders should be aware of:

Limited customer support

Traders often encounter slow and unresponsive customer support. There's no live chat option available, which is quite disappointing.

KYC requirements

Bitmart's KYC verification is a compulsory policy that users cannot bypass. Some traders prefer to trade and make earnings anonymously, but they can't do it on Bitmart because of KYC restrictions.

Restricted operation in the US

Some key regulations, including SEC and FinCEN compliance, and precise state laws limiting access to BitMart's operations for US. The FCA’s regulations in the UK also make it unavailable for any UK residents.

Security

Bitmart’s security is a considerable factor affecting BitMart's chances of competing with leading exchanges. The bitmart hack of 2021 is one of the most significant security breaches recently, in which approximately $200 million was stolen.

Overcoming this setback has not been easy, but Bitmart has made commendable upgrades to its security post-breach:

Cold wallet storage

Large amounts of user funds are stored in cold wallets. These wallets often eliminate security trade-offs and store crypto offline, making them less vulnerable to hacks, malware, and phishing attacks.

Bug bounty program

This campaign is open to ethical hackers for a specific reward to run a security check and identify bugs or security loopholes before they are exploited.

Routine security check

Regular assessments are carried out to identify and address vulnerabilities. 

Penetration tests

Manual techniques and automated tools are used to test Bitmart's infrastructure. This introspective system helps to curb exploitation from cyber thefts, ensuring the infrastructure meets regulatory security standards.

Conclusion 

Bitmart offers users a comprehensive range of opportunities, coupled with amazing trading services to enhance seamless and convenient trading. 

Conversely, it is crucial to recognise that it is classified as a higher-than-average risk exchange because its overall TU score is 4.8/10 and has an A-rating of 81.5% on CER.live, which indicates a mid-tier security posture.

FAQ

Frequently asked questions about Bitmart:

Can I use Bitmart in the UK?

As of October 2023, Bitmart is no longer accepted in the UK. This is because Bitmart is currently not authorised in the UK by the Financial Conduct Authority (FCA). You can see the status of Bitmart’s regulation on the FCA’s website.

Can I use Bitmart in the USA?

Bitmart is available to residents of the USA but with certain restrictions and limitations. It is advisable to contact the support team to understand the availability of Bitmart services at your location fully.

Does Bitmart require KYC?

Of course. Users are expected to complete the required KYC verification for seamless trading and withdrawals.

What crypto instruments are available with Bitmart?

There are various trading options on Bitmart, including spot, margin, copy, NFT, and futures trading.

Author

Dayo Ojo is a cryptocurrency copywriter and contributing writer for LiquidityFinder. You can message Dayo here.