Categories
Cryptocurrencies

Bitmart

BitMart (BMX)

BitMart, established in 2018, is a centralized cryptocurrency exchange with a global presence. It is headquartered in the Cayman Islands and maintains additional offices in New York, China, Hong Kong, and Seoul. The platform offers various trading services, including spot trading, futures trading, and USD trading.

Overview

BitMart was founded in 2018 as a comprehensive digital asset exchange catering to both individual traders and institutions. It offers a range of services, including spot and futures trading, along with specialized products like BitMart Earn, BitMart API, and NFT offerings. Additionally, the platform includes affiliate, referral, and broker programs, as well as a rewards hub to engage users with its various offerings.

bitmart background
Ticker BMX
Category Exchange-based Tokens
Website https://www.bitmart.com/trade/en
Twitter @BitMartExchange
Telegram BitMartExchange
Reddit https://www.reddit.com/r/BitMartExchange/
Contract Addresses
ethereum 0x98...d8Copied!

Partnership with Paxful

On February 21, 2019, BitMart entered into a partnership with Paxful to enhance both platforms' scalability and liquidity. This collaboration allows BitMart users to process payments through the Paxful system.

BMX Token

BMX is the native token of BitMart, operating on the ERC-20 standard. The total supply is capped at 1 billion tokens, with allocations including 30% for a public offering, 30% for the founding team (distributed over three years), 10% for early adopters, 20% for community expenses, and 10% for whitelisted investors.

BitMart fees

Trading on BitMart incurs a fee of 0.05%, while deposits are free. Withdrawal fees and minimum amounts vary by cryptocurrency. For example, the minimum withdrawal for BTC is 0.005 BTC with a fee of 0.0005 BTC, for ETH it is 0.015 ETH with a 0.01 ETH fee, and for BMX, the minimum is 30 tokens with a 10 BMX fee.

Products

BitMart API

The BitMart API provides users with a variety of endpoints for accessing features related to spot trading, futures trading, copy trading, earning, and NFTs. It enables real-time market data access, instant order placement, and service integration into users' own platforms. To start using the API, users must create an API key. New API users can enjoy lifetime VIP membership benefits, including lower trading fees and dedicated support.

BitMart Earn

BitMart Earn offers savings opportunities for users to grow their cryptocurrency holdings through flexible, fixed, and promotional savings options. Users can subscribe to their chosen savings products and generate returns. The platform plans to expand its supported cryptocurrencies and offers a "Hold & Earn" feature for daily interest accrual. Users may need to complete KYC verification for certain products.

Savings options
  • Flexible Savings: Users can deposit assets and earn interest.
  • Fixed Savings: Funds are locked for a set period with fixed interest rates.
  • Promotions: Higher APY rates are offered for specific durations through promotional savings options.

Services

Referral program

BitMart's referral program allows users to earn commissions by inviting friends to join the platform. Referrers can earn up to 40% of their friends' trading fees for up to a year. Users receive unique referral links or QR codes to share with friends or on social media.

Affiliate program

The Affiliate Program lets individuals and businesses earn commissions on spot and futures trading. Commission rates start at 50% and can reach up to 100% for spot trading and 60% for futures trading. Affiliates also gain access to exclusive events and media opportunities.

Process
  1. Create an affiliate account and obtain a referral link.
  2. Submit an application for commission rate approval.
  3. Promote the referral link to earn commissions.
Commission tiers
  • BitMart Inspiration Club: Offers 40% direct commission and 10% sub-commission for spot trading, with up to 60% for futures trading. Performance is reviewed quarterly.
  • BitMart Impact Club: Requires more than 500 followers or 100+ registered users in three months.
  • BitMart Influence Club: Specific requirements apply; users should contact BitMart for details.

Broker program

The Broker Program allows businesses to earn commissions from trading fees by leveraging BitMart's liquidity and market depth. It is designed for a wide range of brokers, including trading platforms, wallet services, and asset management firms.

Key features
  • 40%+ Commission Rate: High earning potential for brokers.
  • Branding Support: Assistance in branding for broker partners.
  • Joint Campaign: Opportunities for collaborative marketing campaigns.
  • Partnership Announcement: Formal announcements to enhance visibility.

Rewards hub

BitMart's Rewards Hub provides users with opportunities to earn rewards through various tasks and activities. Categories include welcome rewards, futures rewards, and NFT rewards.

Welcome rewards
  • Sign Up: Rewards for new account registrations.
  • First Deposit: Rewards for deposits of $100 or more.
  • Buy Crypto with Fiat: Rewards for purchasing cryptocurrencies worth $100 or more.
  • Spot Trading: Rewards for a minimum trading volume of $100.
  • Futures Trading: Rewards for initial futures trading with a value of $1,000 or more.