What is BitMart?
BitMart is a cryptocurrency exchange that allows users to buy, sell, and trade a wide range of cryptocurrencies. It offers features such as spot trading, futures trading, and various trading pairs, making it popular among traders.
Who is the Founder?
BitMart was founded by Sheldon Xia in 2017.
When Did It Start Operations?
BitMart began operations in March 2018.
Where Is It Based?
BitMart is headquartered in the Cayman Islands.
In Which Countries Is It Banned?
BitMart operates globally but may face restrictions in certain regions, including:
- United States: BitMart has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to BitMart’s services.
What Is the Trading Fee?
BitMart’s trading fees typically range from 0.1% to 0.2%, depending on the trading pair and the user’s trading volume.
Is Margin Trading Available?
Yes, BitMart offers margin trading, allowing users to trade with leverage. This feature enables traders to increase their positions by borrowing funds, which can amplify potential returns but also increases risks.
