Launched in March 2018, BitMart is a trading platform which is registered in the Cayman Islands. The platform offers spot trading, futures contract trading, OTC trading, and other services for digital assets. BitMart is registered as a money service Business (MSB) with financial crimes enforcement network (FinCEN) which will allow the exchange to offer crypto-to-crypto trading in the states. The exchange charges flat 0.05% as a trading fee, and withdrawal fee depends on the type of the cryptocurrency being involved. The exchange boats many bold ideas like a cross-platform model, connecting different trading venues, a decentralized network, and futures trading. To bolster the security, the exchange provides two-factor authentication to its users. Two-factor authentication connects the account with a mobile number so each time a user tries to log in, manual verification is required. The trading platform of the exchange is good and intuitive. It has a solid layout with some advanced features. The exchange allows trading in many cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Arcblock (ABT), EOS, VeChain (VEN), and BitMart’s own token BMX. The digital assets are traded against BTC and ETH. The exchange does not support fiat deposits, so it is not suitable for the beginners who want to buy digital assets using their cash.
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