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Whats your thoughts about bitmart exchange is good or bad

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we all know according to coingecko crypto market registered exchanges are now more then four hundreds it means much competition among crypto market exchanges. Today i want discussion on bitmart exchange which is established on 2017. Now this exchange is listed on coingecko and Coinmarketcap. Bitmart has ranked 95 out of 409 exchanges. And this exchange has 217 trading pairs for trading purposes and 114 coins are listed on bitmart exchange. This is centralized exchange.

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Bitmart has a lot of fake volume, meaning that all the trades were happening between the buy / sell walls. Last time i checked it out there weren't any whales or market makers in, so the walls were very thin and any larger trades were impossible to execute without huge wicks in the chart.

 

In short, i would avoid it.

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Generally speaking  with this gross amount of exchanges now in tye Crypto web, approximately 409 , first thing would be what could an exchange really do to climb up as most users will just keep on using but the exchange which they have been always using. That's why having to invest on a startup exchange is key as to rain down Crypto airdrops as to attract user as it would be in a way to be on 7 different exchanger

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11 hours ago, Badman001 said:

personally I never Join any exchange Beacuse I think binance as well as bittrex exchange is good , still I don't know about this exchange that's you discussed , I recommend to check status of this exchange in coinmarketcap then decide to join or not. 

Dear buddy on Coinmarketcap and coingecko all is fine regarding this exchange i used this exchange from last two years and find one of best exchange but here i wants clear about its bots trading and fake volume although some corrections people said this exchange has some fake volumes. 

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Bitmart is not a fake exchange. As it is already in the CoinMarketCap with the so many supporting trading pairs on the exchange. There are huge numbers of the engaging members on the exchange. Recently they have very good promotional programs. 


 

 

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Thank you for sharing here, I have already heard and read about this website exchange Bitmart but I found a lot report from a lot of users, where they say that this Bitmart has a lot of fake volume on their platform., 


 

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If Bitmart ranked at 25th, they must have been doing great. I don;t however see more users talking about them.  Just like the rest of the centralized exchange, it would mean you as a trader will have to once again submit KYC documents to them form selfie to IDs. 

 

I always wanted to register to that exchange because I have a token that is only listed there such as the brickblock token. I didn't do anything but I just received these tokens via airdrop or something, I was just surprise I have it on my wallet which is about 4000 BBK. 

 

If you don't have a token that is listed there to sell, you might wanna stick to your current exchange.

 

 

 

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I have no knowledge about this exchange and i didn't hear about it before your post.  So i am sorry dear to say any information about it. Actually i think Binance, Yobit, Coinbase etc are always best to me. Thanks for sharing a new thing.

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On 3/23/2020 at 1:17 AM, rekter said:

Bitmart has a lot of fake volume, meaning that all the trades were happening between the buy / sell walls. Last time i checked it out there weren't any whales or market makers in, so the walls were very thin and any larger trades were impossible to execute without huge wicks in the chart.

 

In short, i would avoid it.

They indeed display fake transactions so that they are seen as crowded. I also haven't seen any crypto experts there. I don't think this will last very long because they don't have a big investor or a pope.

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On 3/23/2020 at 8:25 AM, lovecrypto19 said:

I have never used bitmart exchange, but looking at it from a CMC source. Bitmart exchanges have good transactions 24 hours a day. So how could this exchange be said to be a bad exchange. Unless this exchange commits fraud.

Same here I never used bitmart but based on what I know about that and according to what I read their service is good and they reached the satisfaction of some users. 


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1 hour ago, Ngetpa said:

I am honestly unaware of it. But although I know that there is a bitmart exchange I still decided to not try it because I have read that the volume it post is fake and many people still unaware of it. 

oh i see don't worry if you have no information regarding bitmart exchange. This is launched in 2018 and now listed on both cmc and coingecko sites you can checked its all basic information regarding what's the team of this exchange how much volume on this exchange have. 

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Hello friend, i never heard about this exchange this is my first time. Its good to find the reviews for any site before joining even if its already have some users because there are many scammers projects and they are real attractive.


Time is the ultimate weapon!

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I think this is a good exchange, but since there is no way to make a Deposit using Fiat, it significantly reduces the ability to trade on this exchange

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On 3/22/2020 at 3:42 PM, jamesvince said:

we all know according to coingecko crypto market registered exchanges are now more then four hundreds it means much competition among crypto market exchanges. Today i want discussion on bitmart exchange which is established on 2017. Now this exchange is listed on coingecko and Coinmarketcap. Bitmart has ranked 95 out of 409 exchanges. And this exchange has 217 trading pairs for trading purposes and 114 coins are listed on bitmart exchange. This is centralized exchange.

Bitmart exchange is one of the exchange platform. Bitmart exchange is also launched in 2017. Bitmart exchange is one of the top twenty crypto currency exchange.

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Bitmart is the aforementioned exchange on the most famous sites that talk about the world of coding, but this does not mean that it is the best because it contains a lot of gaps and the huge amount of symbols it provides and transactions are not real as there are some fake codes and the confidentiality of transactions for some symbols is exposed


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On 3/22/2020 at 8:17 PM, rekter said:

Bitmart has a lot of fake volume, meaning that all the trades were happening between the buy / sell walls. Last time i checked it out there weren't any whales or market makers in, so the walls were very thin and any larger trades were impossible to execute without huge wicks in the chart.

 

In short, i would avoid it.

Therefore, this means the exchange bitmarx isn't trustworthy or recommended because if it can display fake volumes then it can cause traders some loss when carrying out some trades and that's not good.

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Bitmart exchange is one of the best exchange we have in cryptocurrency, the have a good customer support and they are well known cryptocurrency known by many traders

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I also try bitmart exchange but i didn't found it best as compared binance. But we can't say that it is bad exchange. It has good trading volume and high trading pairs. 

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1 hour ago, malik6314193 said:

I also try bitmart exchange but i didn't found it best as compared binance. But we can't say that it is bad exchange. It has good trading volume and high trading pairs. 

Yes in comparison to Binance it's nothing but in it's individual capacity it's good exchange with good trading volume as you said and also many good cryptocurrencies are listed on it.

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I   have already trade many coin in this exchange it's work good for me and you can deposit and withdraw without any risk ,they have all the time many contest that any one can join,so it's a good one in my opinion 

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Unfortunately this exchange I registered it while it was still a project, and I made referrals for it but now when I try to enter my account a message appears to me that I am from a prohibited country and I cannot use the services of Bitmart !!! This is what I call deception and fraud !!

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I have taken part in an airdrop this exchange did in 2018. They've given some frozen tokens which you couldn't trade (20 Bitmart tokens, while needed 120 for trade). Totally useless airdrop and I instatly blocked them and never looked again. Seriously this is what scam exchanges do, I wouldn't even trust them with 1 Doge.

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Bitmart exchange is ranking under in top 100 crypto exchanges . Volumes , fees and interface of exchange is very good . There are many top coins are listed and it is very secure and fast and also very easy to use .

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I have heard about the bitmart exchange I have received a positive responses about it many of the users says that it is one of the best exchange in the cryptocurrency world at the present time I think the users who have been stuck with their exchanges are stuck with that and they are not preferring any other new exchanges also for security purpose.

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Am not to familiar with the bitmart exchange, tho I tried using it once is not bad tho but I think when using it we shouldn't give it a 100% trust because anything can happen here in Crypto.

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