Bitmart review, BMX token and main features

Crypto Exchanges

Bitmart is a large online cryptocurrency marketplace officially registered in the Cayman Islands. Bitmart has offices in numerous developed countries, which provide high-quality offline support to their customers. Such instruments as spot, OTC, futures and other types of trading are available to users on the exchange’s website. Besides, the creators of the exchange plan to implement the C2C and B2B trading formats. The creation of a decentralized currency exchange service is the main strategic direction of the project.
The balanced selection of digital assets available for purchase and sale makes Bitmart one of the leading platforms. The creators are focused on such parameters as transaction security, technical stability of the exchange, and the trading platform convenience.

Registration on Bitmart and account verification

To date, the Bitmart platform is available on computers and mobile devices, so you can register on it using your smartphone. To register, you need to click on the appropriate button on the website, and then enter the contact email address and password. Then, after confirming the specified email (the system automatically sends a code), you can access your account and use all the functions of the exchange.
When registering on the platform, a customer should remember that the daily limit for withdrawal from a newly-created account is 2 BTC. If you plan on withdrawing more, you should pass the account verification procedure. To do this, you must send copies of identity documents like your passport, driver’s license or an ID-card. After passing the verification procedure, you will be able to withdraw up to 100 BTC per day, which is more than enough for most investors.
After that, you can make your first deposit. To do this, simply select the currency, click on the «Deposit» button, and generate an address for crediting funds. Then you can safely transfer money to the given address, which will not take much time. As a rule, the funds are credited within an hour.

The main features of trading on Bitmart

As you know, any exchange has its specifics and features of the trading interface. The main trades on the exchange are conducted in the Exchange section. Here you can find detailed information about available cryptographic coins and tokens.
On the left, there are currency pairs, which are divided into categories depending on the binding in the base currency. The base currency in the trading pair on Bitmart can be Bitcoin or Ethereum, USDt. When the user clicks on any trading pair that interests him/her, the page automatically shows the information about the price. It is very convenient since this way you can quickly track price changes in the 24 hours.

The central part of the trading cabinet, in turn, offers detailed information about prices, daily lows and highs. Besides, there is also a classic Japanese price chart. To make the technical analysis more convenient, the user can adjust the time interval for displaying the price on the chart in the range from 5 minutes to 1 week. Aside from that, the developers provided users with an opportunity to add the necessary technical indicators. All charts can be viewed in full-screen mode.

In the right part of the cabinet is the so-called order book or trade blotter. Just below, there is a convenient form for placing limit orders. You only need to enter the desired number of coins and click «open an order». Below you can track your orders.

BMX token

Bitmart exchange provides an internal BMX token, the issue of which is limited to 1 billion tokens. It is a standard ERC20 token. Coin holders have privileged conditions for levying trading fees. Similar know-how has successfully established itself on the Binance exchange, so we can predict that BMX has good prospects.
The project administration has provided a competent mechanism for the tokens repurchase. The platform plans to direct 20% of the income from trading fees to the repurchase of BMX. All repurchased coins will be destroyed. This will go on until half a billion tokens are destroyed.

Overall results

Today, Bitmart exchange is among the top largest cryptocurrency trading platforms in the world. The reason for such success is the unique competitive advantages of the website, including:

  • Convenient trading interface;
  • Great exchange functionality;
  • Support work;
  • The presence of an internal token.
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