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BitMart

Canada | 2-5 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.bitmart.com/en-US

Website

Rating Index

Influence

Influence

E

Influence index NO.1

India 9.24
Surpassed 13.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

https://www.bitmart.com/en-US

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Canada
Operating Period
2-5 years
Company Name
BitMart
Biz Area
Website
Genealogy
Relevant Enterprises
Company Summary
Disclosure
Wiki Q&A
Comment

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Official website

Website

Most visited countries/areas
Ukraine
bitmart.com
31.13.68.169
Server Location
Singapore
ICP registration
--
Most visited countries/areas
Ukraine
Domain Effective Date
2001-06-01
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Genealogy

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Relevant Enterprises

GESTION CHOLAB INC.(Canada)
Inactive
Canada
Registration No. 1437429
Established 2022-12-29
Related sources Website Announcement

Company Summary

BitMart Review Summary
Registered On2001-06-01
Registered Country/RegionNew Zealand
RegulationRevoked
Market Instruments1,700 cryptocurrencies, futures
Simulation Trading
Leverage/
Spread/
Trading PlatformBitMart (web and mobile)
Min Deposit/
Customer SupportTwitter, Telegram, Facebook, Instagram, YouTube, LinkedIn, TikTok, etc.

BitMart Information

BitMart is a cryptocurrency trading platform for global users, supporting over 1,700 cryptocurrencies and offering various trading types such as spot trading, margin trading, and futures. It also supports purchasing cryptocurrencies with fiat currency, allowing users to conveniently buy coins through third-party payment methods like Google Pay, Apple Pay, credit/debit cards, MoonPay, Banxa, and Simplex, with 7×24-hour support to respond to needs at any time.

BitMart

Pros and Cons

Pros Cons
Over 1,700 cryptocurrenciesUnregulated
Copy trading availableUnspecific fee information
Generous activity rewardsUnclear account information
50% trading fee discount (for VIPs)

Is BitMart Legit?

BitMart has operated in the cryptocurrency trading field for many years, but it is unregulated. It is recommended that traders prioritize brokers regulated by authoritative regulatory agencies.

unregulated
unregulated

What Can I Trade on BitMart?

On BitMart, traders can conduct various types of transactions. For spot trading, there are over 1,700 cryptocurrencies to choose from; futures trading supports more than 100 cryptocurrency pairs.

cryptocurrencies

BitMart Fees

At 00:00 UTC every day, the system will update users' transaction fee tiers, which will take effect two hours later. All traders can use BMX for deduction and enjoy a 25% discount.

fee

Leverage

In futures trading, BitMart offers leverage of up to 100x, making it suitable for investors with in-depth market knowledge and a high risk tolerance.

leverage

Trading Platform

The BitMart trading platform supports multi-terminal access, including web-based and mobile devices.

platform

Deposit and Withdrawal

Traders can purchase cryptocurrencies via credit/debit cards and third-party payment methods such as MoonPay, Banxa, Simplex, Visa, and Mastercard.

payment

Copy Trading

Copy trading is a key feature of BitMart. The system has a default 0.5% slippage protection mechanism. When market fluctuations cause the slippage to exceed this value, copy trading will be automatically paused, making it suitable for investors who lack trading experience or time.

Copy trading

Bonus

The platform offers various rewarding activities, and currently, there is an exclusive crypto buying contest for North American users. During the period from 00:00:00 UTC on May 23, 2025, to 23:59:59 UTC on May 29, 2025, the top 100 North American users who purchase cryptocurrencies with fiat currencies such as USD and CAD will share a prize pool of 3,000 USDT.

RankingTotal Reward (USDT)
Top 1288
2 - 10792
11 - 30870
31 - 1001,050
Reward

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

webgalaxy
Within 1 year

Does BitMart charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply
Based on my thorough review of BitMart, it's important to clarify that this platform primarily operates as a cryptocurrency exchange and does not offer traditional forex ECN or raw spread accounts like regulated forex brokers do. During my evaluation, I found no indication that BitMart charges commissions “per lot” in the sense familiar to forex ECN accounts. Instead, the platform uses a fee structure based on trading activity in cryptocurrencies, including spot, margin, and futures trading. These fees are typically tiered by user activity and not explicitly linked to lot sizes or account types such as ECN. Furthermore, BitMart currently lacks proper regulatory oversight, and there is a conspicuous absence of transparent, detailed information regarding their fee schedule beyond basic references to trading fee tiers and certain discounts for specific tokens. This lack of specificity makes it impossible for me to recommend relying on BitMart for transparent commission structures or the type of straightforward cost breakdown expected from reputable, regulated forex brokers. For anyone considering this exchange, I strongly urge caution and careful due diligence, especially given the high-risk environment and the absence of reputable regulatory protection.
Broker Issues
BitMart
Fees and Spreads
08-24
United States
Xxpro
Within 1 year

Does BitMart offer fixed or variable spreads, and how do these spreads behave when there’s significant market volatility due to major news events?

WikiFX Reply
Based on my careful review and experience with evaluating crypto brokers like BitMart, I must emphasize that there is a noticeable lack of clear, specific information regarding spreads—whether fixed or variable—offered on this platform. BitMart's public resources, as of my latest assessment, do not give transparency about their spread structures for cryptocurrency trading. This is concerning for me as a trader, because understanding the nature of spreads is crucial for estimating trading costs, especially during volatile market conditions. Generally, with most cryptocurrency exchanges, spreads tend to be variable due to the decentralized and highly volatile nature of digital asset trading. In my own trading under similar circumstances, I have observed that spreads can widen dramatically around significant news events, impacting overall execution costs and potentially making precise entries and exits more challenging. Without official, published details from BitMart, it's impossible for me to predict with confidence how their spreads will behave during major news-driven volatility. Given BitMart’s unregulated status and the absence of specific fee disclosures, I am especially cautious. Transparent cost structures and reliable regulatory oversight are vital for any platform I trust with my capital. For traders who prioritize cost certainty and risk management, I strongly recommend considering these uncertainties and proceed with heightened vigilance if choosing to trade with BitMart.
Broker Issues
BitMart
Fees and Spreads
08-20
United States
DoreenVanDenHeever
Within 1 year

What are the primary advantages and disadvantages of using BitMart for trading?

WikiFX Reply
In my personal experience, when evaluating a broker like BitMart, I have to assess both the offerings and the risks with great care—especially as the stakes in crypto trading are undeniably high. On the positive side, BitMart’s appeal largely comes from the sheer breadth of cryptocurrencies it supports; access to over 1,700 coins and ongoing support for spot, margin, and futures trading does give me significant flexibility to diversify my portfolio or pursue advanced strategies. Features such as copy trading, a user-friendly multi-platform interface, and multiple payment options further increase the platform's convenience for me, whether I’m on desktop or mobile. However, the risks outlined by independent sources are hard for me to overlook. The most significant concern is that BitMart operates without any valid regulatory oversight, meaning that my funds and trading activities are not protected or supervised by reputable authorities. This lack of regulation, paired with a revoked license history, prompts me to be especially cautious—because if issues arise, I may have little recourse. Additionally, reports of withdrawal difficulties and ambiguous account details add another layer of uncertainty, and unspecific fee structures make it challenging for me to accurately forecast my trading costs. Ultimately, while BitMart provides an impressive selection of markets and tools, for my own capital safety, I prioritize regulated platforms and recommend others do the same, especially when large sums are involved.
Broker Issues
BitMart
Regulation
08-20
United States
Sanjay sirohi
Within 1 year

How much time does it usually take for a withdrawal from BitMart to reach your bank account or e-wallet?

WikiFX Reply
Given my experience as an independent trader and my approach to risk management, I place a strong emphasis on broker transparency and regulatory standing when evaluating operational questions like withdrawal times. With BitMart, I am especially cautious because, according to the details I reviewed, BitMart operates without any recognized financial regulation and is flagged for high potential risk. The WikiFX analysis shows that the platform's regulatory license is suspicious, and there have been warnings from authorities such as the UK FCA. On top of this, there is user feedback indicating unresolved problems with withdrawals—namely, situations where users have complied with additional demands and still failed to retrieve their funds. Unlike regulated brokers that disclose typical processing times and adhere to strict safeguarding rules, BitMart does not provide transparent or consistent information regarding how long a withdrawal may take. In my view, this lack of clarity and the presence of regulatory warnings are clear signals to approach any withdrawals from BitMart with strong caution. Personally, if I were to consider making a withdrawal, I would have no reliable expectation for how long it could take, and I would prepare for the possibility of significant delays or even non-fulfillment of funds due to the absence of regulatory protection. Therefore, for traders prioritizing fund safety and timeliness, I advise considering only well-regulated brokers for financial transactions.
Broker Issues
BitMart
Withdrawal
Deposit
08-05
United States
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