How To Buy Cryptocurrency On Bitmart?

How To Buy Cryptocurrency On Bitmart? – BitcoinMart is a centralized cryptocurrency exchange, offering customers the ability to buy, sell, and trade supported digital assets. The exchange also offers staking and lending of crypto for rewards. On BitMart, there are currently several hundred cryptocurrencies, and many of them are low-market-cap coins.

BitMart is a platform that offers several features and supports hundreds of assets; however, it was hacked in late 2021, and nearly $200 million worth of users’ crypto was stolen. Users are still waiting for compensation from BitMart after the company pledged to return stolen assets in January 2022.

NOTE-

It is precarious and speculative to invest in cryptocurrencies, Decentralized Finance, and other Initial Coin Offerings (ICOs), and the markets can be highly volatile. Before making any financial decisions, seek the advice of a qualified professional. The Balance or its author do not recommend investing in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed.

How To Buy Cryptocurrency On Bitmart?

With BitMart App

Using BitMart’s app, you can purchase as follows:

Step 1:  Once the BitMart App has been opened on your device, sign in to your BitMart account.

Step 2:  You will find five options on the home page after logging in. You need to click ‘MARKET.’

Step 3: Tap the icon on the top right-hand corner of the page after selecting SPOT.

Step 4:  Type the token you require in the search bar, tap Search, and select the trading pair you want.

Step 5:  Afterwards, you’ll be presented with two options- ‘Buy’ and ‘Sell.’ Select BUY.

Step 6:  Either MARKET ORDER or LIMIT ORDER can be used to select a trading pair. Pick one of the options and then buy the token.

Thus, your order will be placed accordingly.

Using the website

How to buy from BitMart’s website?

Step 1:  Visit the BitMart login page to access your BitMart account. If you don’t already have an account, create one by clicking the link below: https://www.bitmart.com/register/en.

Step 2: BitMart’s homepage must be visited. A variety of options can be found there. Select ‘SPOT’ as an option.

Step 3:  You will be able to select STANDARD or ADVANCED after clicking on SPOT. The STANDARD option must be selected.

Step 4: On the next screen, enter the token you’re looking for in the search bar, then hit Search. Select a trading pair, and you’re done.

Step 5: There are two ways to choose a trading pair:

1. Execute a market order

  • The order will be immediately swapped for the current market price.
  • The amount you prefer has been entered.
  • After that, select Buy.

2. Order limit

  • Please enter the price you wish to purchase or sell that token.
  • Below you can enter the price you’d like to pay for the token.
  • Select Buy now.

The BitMart website allows you to buy cryptocurrency using any above methods.

The Registration Process for BitMart Exchange

1. Check out BitMart’s official website.

2. Click on “Get Started.”  

3. Enter your email address or phone number to create your account.

4. Password selection.

5. To accept the terms and conditions, click on the checkbox.

6. To register, click the “Register” button.

7. You will then receive a confirmation code via email or SMS.

8. Reenter your BitMart Exchange password and confirm your crypto purchase.

9. Verify your account by providing a copy of your ID, passport, or driving license

The essential features of BitMart

The BitMart cryptocurrency exchange has a wide range of attractive features. This cryptocurrency exchange is legit and offers better services than others. A few of its essential characteristics are listed below:

  • An easy-to-use trading experience suitable for beginners and intermediate traders.
  • With BitMart, users can pair over 90 cryptocurrencies with BTC, ETH, USDT, and BMX tokens as part of the Spot market.
  • Traders can trade popular altcoins with real-time data and charts.
  • Using BitMart’s app, you can monitor portfolios and trade from anywhere.
  • BitMart stores 99% of users’ funds in the best crypto hardware wallet for safety.
  • A lending program on cryptos such as USDC allows users to earn up to 6.25% annualized interest.
  • By using BitMart Shooting Star, high-quality blockchain projects can be launched efficiently.
  • Affiliates can earn rewards for referring new traders and earn referral commissions up to 30%.
  • Trading fees and other fees are reasonable and competitive.
  • An educational and training guide for upcoming cryptocurrency traders

Advantages

  • Crypto exchanges in the US are regulated.
  • BitMart on the market supports several cryptocurrencies.
  • There is a reasonable fee for trading and other charges.
  • User-friendly interface.
  • Compared to other countries, it has a better financial system.
  • This is precisely what crypto exchanges should be in the future.

Drawbacks

  •  The program is relatively new.
  •  Many cryptocurrencies have yet to be listed as compared to others.

Trading Crypto With BitMart

To buy crypto, traders prefer exchanges that have beginner-friendly interfaces. By providing a high-quality trading platform, BitMart delivers high-quality user experiences. The technical terms and indicators would not pose any difficulty to new users to spot exchange. BitMart Exchange has already implemented the trading view tool.

BitMart provides the following services.

Spot Trading

Regular trading options include spot trading. Traders can trade superior blockchain technology-powered digital assets because many crypto exchanges offer spot trading. One of BitMart’s most popular features is this.

Multiple Trading Options

In addition to providing C2C and B2B trading services, BitMart also provides business-to-business services. The traders of this platform have access to future trading, OTC trading, and a fiat gateway, all in one place, unlike other cryptocurrency exchanges.

Referrals

Visitor referral rewards are available at BitMart. According to the information, bringing in a new trader is rewarded with 30%. Recent years have seen an increase in the popularity of cryptocurrency trading. Therefore, BitMart.as has this feature regularly.

Lending

Cryptocurrency lending provides passive income through BitMart Lending to people seeking some extra income. This project is perceived as a lending project or offers crypto-backed loans that have their investment terms and yields but are distinct from other lending options. Subscribing to such projects is required, and the chosen token will be locked.

The participants will automatically receive the tokens deposited during the subscription and the interest accrued to their BitMart Accounts at the end of the subscription term—amounts of annual accrued interest range between 5% and 120% in writing. As a bonus, BitMart tokens are also available as rewards. They are essentially crypto-based loans.

Staking

As BitMart maintains the blockchain network, another great feature known as BitStacking acts as another source of passive income. Trading funds are held in the cryptocurrency wallet for a period, then distributed as BitMart staking rewards each month. A bank transfer is involved in this staking service.

Launchpad

BitMart’s shooting star program is promoting new projects. A combination of ordinary listings and IEO with streamlined procedures and favorable rules is categorized as a hybrid listing. Their first listing on Shooting Stars is NULS.

A new venture can also be launched through the Mission X2 project. It caters to investors who want to support startups and receive premiums from them. An investor must bank transfer a certain amount of BMX to the startup of their choice. If BMX reaches 1 million, the project token can enter the BMX market and be paired with BMX.

BMX market supporters are rewarded based on their share of the total daily investment from the market.

Security

As of April 30, 2018, BitMart Exchange’s US office has been registered as a Money Service Business with the US regulators administered by the Financial Crimes Enforcement Network. This has allowed BitMart to gain the trust of its users. 2FA, withdrawal confirmation, IP address detection, encrypted personal information, and cold wallet storage ensure the safety of trader accounts.

The Bug Bounty program rewards users for reporting any bug that could cause a significant threat to the security of the BitMart websites. Trust is key to the cryptocurrency market, and BitMart has proven trustworthy.

BitMart Mobile App

The BitMart trading platform is available for iOS and Android operating systems, giving users the same user-friendly experience on PCs and laptops. Users of their app can trade cryptocurrencies like any other exchange on the go and keep track of market performance. It stands out when compared to other BitMart mobile apps.

Is BitMart Safe?

The BitMart platform has proven to be a safe place to store personal information and funds since its existence. As of now, the company hasn’t experienced any breaches or malicious attacks on its systems.

Conclusion

Thanks to its user-friendly interface and fundamental trading view, the BitMart cryptocurrency exchange made a name in the market in a brief period. Their traders can walk and trade using BitMart’s web browser and mobile browser on different devices, including PCs, mobiles, and Macs.

In the end, BitMart is a perfect combination of user-friendly experience, reliability, and a well-designed layout. Additionally, the company has been registered with MSB, which certifies it as a legitimate crypto exchange.

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