What is BitMart?
BitMart is a crypto exchange from the Cayman Islands. It was launched in March 2018.
BitMart does not allow US citizens to be customers. Anyone interested in investing here should form their own opinion about the issues that arise from their citizenship or residency.
BitMart offers its platform as a mobile application. So if you have an iPhone, an iPad or an Android-phone, you don’t even need a desktop to start trading crypto at BitMart. Just download the app from App Store or Google Play!
BitMart Lending Product
BitMart Lending is a financial product based on digital assets. Each project has its corresponding investment term, yield, and lock period. After subscription, the principle will be locked for a certain period of time and interest will be calculated according to the agreed time frame. After the product matures, the principal and interest will be unlocked and distributed into the user’s wallet on the redemption date.
BitMart Staking Product
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network, which involves holding tokens in order to receive rewards. BitMart offers its stakers an opportunity to earn more coins by depositing and holding coins on their platform as they normally would.
BitMart officially launched their futures trading function on 21 February 2020. Among other things, the platform offers perpetual swaps on its platform. Perpetual swaps refer to a kind of derivative that provides high leverage and can be used by traders who are seeking to maximize their profits in the short term.
BitMart offers payment options through VISA and MasterCard. This can be helpful especially for newer crypto investors who want a broad selection of deposit methods. Many exchanges offer no fiat currency deposit method at all so BitMart does distinguish itself somewhat by even offering card payment possibilities. Moreover, BitMart currently offers four channels for users to buy coins with just a few steps on its website. You can easily buy popular tokens such as Bitcoin (BTC), Ethereum (ETH), EOS, XRP with almost all fiat currencies including USD, EUR, CNY, etc.