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Award-Winning Cryptocurrency Exchange BitMart Delivers Premium Trading, Earning, and NFT Experience: Review
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Launched in March 2018, BitMart is among the most reputable and feature-rich centralized crypto exchanges in the world. In recent years, it has implemented a number of upgrades to move towards a single Web3 ecosystem for newcomers and professionals.
One-Stop Platform for Crypto Traders and NFT Fans: Bitmart at a Glance
BitMart, a global multi-blockchain cryptocurrency exchange ecosystem, merges the benefits of a trading platform, IEO launchpad, NFT marketplace, and earning platform.
- BitMart is mainly known as a centralized global cryptocurrency exchange supporting over 1,500 cryptocurrencies in both spot and futures sections.
- BitMart operates a native NFT marketplace to ensure transparent and cost-effective exchange of digital collectibles.
- In 2021, BitMart launched a native launchpad for Initial Exchange Offerings (IEOs) to make access to early-stage investment opportunities more inclusive and democratic.
- The BitMart Earn section opens up beginner-friendly passive income opportunities for holders interested in generating a yield on their dormant crypto assets.
- BitMart Labs, an exchange venture capital (VC) unit, has participated in several seed and strategic funding campaigns, supporting DeFi, NFT, and Play-to-Earn startups in their fundraising efforts.
Accompanied by strong security measures, an excellent reputation and a reliable fiat gateway, these tools have not gone unnoticed by the global crypto community, as BitMart has received dozens of Web3 and special awards.
What is a crypto ecosystem?
A crypto ecosystem refers to a combination of various cryptocurrency-related services within a single interface. The concept of cryptocurrency ecosystem started to gain traction in 2018-2019, step by step, alongside the maturation of cryptocurrency markets in terms of technological developments, UX/UI, security and a number of opportunities to make profits on the chain.
Typically, cryptocurrency ecosystems include various modules, but only require users to pass “know your customer” (KYC) checks once; they also allow users to log in with a single set of credentials.
To a large extent, cryptocurrency ecosystems rely on a trading dashboard as a central part of their technology design. Simply put, these are cryptocurrency exchanges (spot and futures) with a variety of additional versatile services. Some of them have additional modules promoted like “Web3” or “decentralized” wallets or exchanges without being 100% on-chain.
Why is choosing a crypto ecosystem a smart bet?
While some cryptocurrency enthusiasts seek out completely non-custodial services (interfaces) like Uniswap (UNI) or Aave Finance (AAVE), the majority of digital asset owners use cryptocurrency ecosystems for several reasons.
- Beginner-friendly UX/UI: The largest crypto ecosystems are the most newcomer-friendly products, offering accessible and understandable interfaces.
- One interface, many opportunities: Users in crypto ecosystems do not need to switch between different applications during their crypto journey.
- No liquidity fragmentation. As in the previous case, using a single ecosystem for all operations allows to concentrate liquidity and choose more profitable usage strategies.
- You only share your data once: With a crypto ecosystem, you don’t need to upload your documents or disclose sensitive information to multiple services, reducing the possibility and potential effects of a data leak.
Simply put, using a crypto ecosystem instead of a “classic” isolated service is a much more convenient and resource-efficient option.
How to Choose the Right Crypto Ecosystem for Trading, NFTs, and Passive Income
Before choosing a single crypto ecosystem, here are some aspects to consider:
- Reputation. It is necessary to check the history of the service and its team to know if it has been hacked, involved in rug pulling, malicious activities, etc.
- FeaturesBefore joining a crypto ecosystem, you should know the list of services you might need: it is beneficial to have them all in one place.
- Range of supported blockchains. By 2024, a true exchange or crypto ecosystem is expected to support both Bitcoin (BTC) and major alternative networks.
- Fiat chains. To start trading, you must first top up the account with money: make sure there is an easy way to do this.
- Presence on social networksBefore you start using a crypto ecosystem, make sure to check out its social media channels.
These simple rules can protect cryptocurrency users from scams, attacks, phishing, data leaks, and dubious schemes.
Introducing BitMart, an award-winning crypto exchange with earning, NFT, and investing modules
In 2024, BitMart represented a battle-tested cryptocurrency ecosystem designed for crypto traders with diverse strategies in Web3.
BitMart for Traders: Spot and Futures Sections
First, BitMart gained attention and popularity as a reliable crypto exchange with futures and spot modules. At press time, its spot section offers trading with over 1,400 cryptocurrencies on various blockchains. With ample liquidity and advanced technology solutions, BitMart charges its customers low fees.
In order to cater to different categories of users, the ecosystem provides the standard interface, which is simple and easy to use, and the advanced interface, which makes sophisticated trading tools accessible.
To ensure maximum accessibility, BitMart presents available assets in 20 sections: US dollar stablecoins, largest cryptos like Bitcoin and Ethereum, altcoins from Polkadot, Solana, Avalanche ecosystems, Play-to-Earn coins, the same parts, etc.
The BitMart futures section includes various crypto derivatives trading opportunities. Users can choose between cross margin trading and independent margin trading. Several order types, including limit orders and market orders, are supported by the exchange.
BitMart Futures Trading provides a secure and fast platform with up to 100x leverage, supporting over 100 futures pairs and various order types, including over 100 USDT-margined perpetual swaps.
BitMart’s trading dashboards are integrated with reliable cryptocurrency-to-fiat on- and off-ramps. BitMart has entered into strategic collaborations with MoonPay, Simplex, Banxa, Alchemy Pay and Legend Trading, offering various payment methods to easily buy and sell cryptocurrencies in local currencies.
BitMart for NFT Enthusiasts: A Cutting-Edge Marketplace with Listing Support
The BitMart NFT Marketplace is one of the latest additions to its product suite. It is an all-in-one holistic platform where users can create, purchase, and trade premium non-fungible tokens (NFTs), providing a comprehensive trading experience for creators, entrepreneurs, curators, and others in the NFT segment.
For those interested in listings, a specific class of NFTs created on top of non-programmable blockchains (networks lacking support for smart contracts), BitMart created the Registration Market.
It works with a secure offline order book for better liquidity and more predictable trading. To showcase the value of each listing, BitMart broadcasts its price in stablecoins. BitMart Listings Market offers low fees and 100% free internal transfers between accounts. By the end of Q2 2024, the service supports 40 different listing tokens.
BitMart for Users: IEO Launchpad and Earnings Section
In order to make cryptocurrency trading more inclusive and fair, BitMart has created its own native launchpad for Initial Exchange Token Offerings (IEOs).
BitMart Launchpad should be considered a token launch acceleration platform designed for transformational projects, offering users around the world the opportunity to purchase IEO tokens at a discounted price. It provides eligible users with an accessible opportunity to participate easily. By default, IEO is considered a more democratic procedure than traditional venture capital funding and more secure than 2017-style ICOs.
BitMart Launchpad is powered by BMX, the core native cryptocurrency of the BitMart ecosystem. BMX is an ERC-20 token; its all-time high price was recorded on June 5, 2024, at over $0.62.
In 2024, BitMart Launchpad hosted IEOs for Aperture Finance, Investive, JLT Token, Sensei Inu, and Punk Sat projects, according to independent trackers.
BitMart has also launched a native earning platform. BitMart Earn is a versatile passive income service that provides easy access to multiple earning options for cryptocurrencies, including flexible and fixed savings. BitMart Earn is accessible even to traders with no prior experience in cryptocurrency.
Bonus: BitMart Honored with Global Web3 and Blockchain Awards
For its contribution to the global adoption of blockchain and the advancement of the B2B product ecosystem in Web3, the international community has recognized BitMart by awarding multiple awards and prizes.
Over the past two years, BitMart has won dozens of awards in the Web3 and blockchain fields. It was named one of the top 200 Fintech companies in the world by CNBC, a leading American business media outlet. It was also awarded the status of the world’s best cryptocurrency exchange in 2023 by International Business Magazine and became the most trusted trading platform by Crypto 306. Investopedia, one of the world’s most visited investment portals, placed BitMart in the “Best for Altcoins” section.
In 2022, CoinGecko mentioned it in its list of top 10 centralized exchanges for three consecutive quarters. It also received the prestigious Hurun America Best Technology Innovations Award.
To conclude: what makes BitMart so special in 2024?
To sum up, BitMart has developed a one-stop cryptocurrency ecosystem for traders, NFT enthusiasts, traders, IEO fans and other categories of players in the crypto segment. Under the hood, it is a conglomeration of secure, beginner-friendly services for generating income in crypto.
Spot and futures trading sections, NFT marketplace, IEO launchpad, BitMart Earn, crypto-to-fiat channel are an integral part of its ecosystem backed by the native BMX token. The exchange also runs BitMart Labs, a successful venture capital unit.