Bitmarket is a cryptocurrency exchange platform based in Poland, Europe. The site of the exchange – Bitmarket.net (do not confuse with Bitmarket com) is operated by the company BitMarket Limited registered in Seychelles. The site of the exchange says that it belongs to a group of businesses working successfully since 2003 though the exchange started its work in 2015. Customers buy virtual coins for real money there or exchange the assets to different crypto. Advanced users can use the leveraged trading along with swaps, which give additional opportunity to earn.
The platform is highly appreciated for a range of benefits it offers. Firstly, it supports traditional currencies: EUR and PLN. Therefore it is very convenient to buy digital coins paying real money. It is also convenient to withdraw fiats when necessary. It is possible to deposit funds with bank wire or use the banking card for it. Bluecash express payment is one of the solutions offered. If you want to deposit crypto, this is done from crypto wallet.
Bitmarket exchange cares about its security therefore 2-factor authentication was introduced to the service. There is no definite fee for transaction as it varies depending upon the volume of trade within the last 30 days. The type of transaction also matters when fee is determined. In general, the fee varies from 0 to 0,45%.
Leveraged trading is one of the services introduced by the platform to attract customers, offering leverage 1:4. This is not a common service found everywhere. Only several cryptocurrency venues decided to add it to their facilities. This is not surprising as it imposes certain risk due to volatility of the market.
The exchange is mobile friendly. Bitmarket app was developed to cater needs of users who want to have access to Bitmarket 24 hours a day, in the same way as Bittrex app or other similar products. There are Android and iOS versions of the app for users of different mobile devices. The person can also get access to the site using Bitmarket API.
The site offers only the basic charts without any signs of technical analysis. Verification is not required for those who want to convert crypto coins only. However, in case exchange to fiat is needed, the user should pass the verification procedure. Use of the site is limited without it. You may not use it beyond the definite amount.
The number of virtual coins traded is limited. At the moment of writing customers have the opportunity to exchange:
BTC, ETH, LTC, BTG, BCC, XRP to EUR, PLN
BTC to LTC
Follow Bitmarket news to find out what coins are added or removed.
Find Bitmarket Coinmarketcap information to see the activity of the market before you start trading on it.
The interface is rather pleasant and easy to use. It is convenient as well and clear even for the beginners just like Hitbtc. The information is well structured so it is not problematic to get required info. Questions and Answers section throws light upon the basic issues. If something is not clear there or it does not include issue that is of interest to you, you can always submit a request and contact the team. By the way, the site is operated by the team of 10 people who try their best to enhance user experience of its visitors, so do not doubt to contact them when emergency occurs.
The exchange is considered reliable though some consumers are not pleased with high market taker fees. High volumes are welcomed at the platform so if you do not trade much the fee for transaction is higher.
Limited digital assets portfolio is one more thing why customers refuse to use it. Some do not like its offshore origin saying that such venues are not reliable but the company beats these claims with consistent quality performance. Yes, the number of markets is limited but it fulfills its work on a high level. Still, if the price does not suit you at Bitmarket you can always apply to other place and check up Bitfinex Bitcoin price, for instance. We also recommend trying other cryptocurrency venues to find the most appropriate place for you such as Coinroom or Bitcoin Bitflyer exchange.
Why use Bitmarket exchange ➀ 👍 ➀ -
average rating 5 from 5
(based on 33 user reviews)