BitMart (founded in 2018) is a global centralized exchange based in the Cayman Islands. It also has four offices located in New York, China, Hong Kong, and Seoul. It supports spot trading, otc trading, and USD trading^[1][2].

Overview

Founded in 2018, BitMart is a professional digital asset exchange platform, designed for both individuals and institutions. BitMart's mission is to derive the world to a better financial system with more fairness and equality^[5].

Partnership with Paxful

On 21 February 2019, Bitmart and Paxful announced that they are entering into a joint partnership. The main purpose of the partnership is to increase both the scalability and liquidity of both platforms. This partnership will make it possible for users to make payments on the BitMart-platform via the Paxful-system. This functionality will push BitMart a big step forward in what the companies call the "peer-to-peer financial revolution".

BMX Token

BMX is the token behind BitMart. There is a total volume of 1 billion tokens, and it is an ERC20 token. 30 percent of tokens were allocated to the public offering with another 30 percent to the founding team, with those tokens released over three years. Early adopters receive 10 percent of the tokens while 20 percent go to community expenses and 10 percent go to whitelisted investors^[4].

BitMart Fees

BitMart charges 0.05% fees for trading, zero fees for deposits and there are fees for withdrawing tokens as well as minimal withdrawal amounts, but these vary based on the cryptocurrency. BTC has a minimum withdrawal amount of 0.005 BTC with a fee of 0.0005. ETH has a minimum withdrawal of 0.015 ETH with a 0.01 fee. Finally, BMX has a minimum withdrawal of 30 with a 10 BMX fee^[3][4].