What is BITmarkets？
BITmarkets, a revolutionary crypto exchange platform based in the United Kingdom. With a diverse range of market instruments including spot, futures, and cryptos, BITmarkets provides a cutting-edge trading experience through their dedicated app. Offering 24/7 customer support in over 15 languages via phone, email, Twitter, Discord, Facebook, and Telegram, BITmarkets ensures that both retail and corporate clients can fully leverage their wide array of products and features. However, it is unregulated.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of BITmarkets:
- 100+ cryptocurrencies: BITmarkets offers a diverse range of over 100 cryptocurrencies including Bitcoin, ethereum and so on , providing traders with ample options for investment and diversification.
- Institutional-grade Security: BITmarkets offers security with institutional-grade measures such as storing more than 99% of assets in cold wallets, implementing whitelisting and transaction confirmation processes, and utilizing encryption safeguard users' funds and data.
- 24/7 Support: With round-the-clock customer support in multiple languages, BITmarkets ensures that users can receive assistance whenever they need it.
- Lightning-fast transactions: BITmarkets facilitates over 1 million requests per second, allowing users to capitalize on market opportunities promptly.
Cons of BITmarkets:
- Not regulated: As BITmarkets is not regulated, users will have concerns regarding the platform's compliance with industry standards and regulations.
- Complex fee items: BITmarkets features complex fee structures that will be confusing for some users to navigate, potentially leading to unexpected costs or charges.
Is BITmarkets Safe or Scam？
BITmarkets claims to provide various security measures, such as storing more than 99% of assets in cold wallets, implementing whitelisting and transaction confirmation processes, and utilizing encryption to safeguard personal data.
However, BITmarkets currently operates without valid regulation. The absence of regulation means that the individuals managing the platform have the ability to abscond with investors funds without being held accountable for their actions. They could disappear suddenly and without warning, leaving investors vulnerable to financial losses. It is important to be aware of these risks and exercise caution when dealing with unregulated investment platforms like BITmarkets.
Investing with BITmarkets entails the possibility of the individuals behind the platform absconding with your funds without any legal repercussions or accountability for their fraudulent activities. The absence of regulation also means that these individuals can vanish at any moment without warning, leaving investors vulnerable to financial losses.
Market Instruments
BITmarkets offers a diverse range of trading instruments across various asset classes to cater to the needs of different traders.
- Spot Trading: Spot trading refers to the buying or selling of financial instruments, such as cryptocurrencies, at the current market price with immediate delivery. Traders can participate in spot trading to take advantage of short-term market movements.
- Futures Trading: Futures trading involves buying or selling a contract to purchase or sell an asset at a specified price on a future date. BITmarkets enables traders to engage in futures trading, allowing them to speculate on the future price movements of various assets, including cryptocurrencies.
- Cryptocurrency Trading: BITmarkets provides a platform for users to trade a wide range of cryptocurrencies, allowing them to buy, sell, and exchange digital assets. Cryptocurrency trading on BITmarkets includes popular coins like Bitcoin, Ethereum, Litecoin, and many others.
How to Open an Account？
To open an account with BITmarkets, please follow these steps:
Trading Platforms
BITmarkets' trading platform is designed to revolutionize the way people engage with cryptocurrencies by making buying, selling, and trading simpler and more secure for everyone. The platform's primary offering is its super-fast and intuitive mobile app, which empowers users to stay ahead of the market trends and make informed decisions at any time and from any location.
Through the BITmarkets app, clients have access to a wide range of cryptocurrencies and trading pairs, allowing them to diversify their portfolios and capitalize on market opportunities. The app provides real-time market data, advanced charting tools, and instant trade execution capabilities, enabling users to react quickly to changing market conditions and seize profitable trading opportunities.
Deposits & Withdrawals
BITmarkets offers multiple options for deposit and withdrawal, including VISA, Mastercard, and bank transfer.
However, for bank transfers, a verification process is necessary before you can initiate the transaction. This verification involves providing your bank statement and proof of the source of funds. Once your bank account is verified, you can create a deposit request in your account zone by selecting FIAT – SWIFT and specifying the amount you wish to send. Subsequently, you will receive payment instructions via email, and it is important to include your reference number in the payment instruction.
Besides, both fiat deposits and withdrawals, as well as crypto deposits and withdrawals, on BITmarkets are subject to fees. Specifically, fiat transactions are subject to bank charges, remittance fees, or transfer fees. The specific fee item can be learned on their official website.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Telephone: +44 20 4579 5923 (24/7)
Email: support@bitmarkets.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Discord, Facebook and Telegram.
Whats more, BITmarkets provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information.
Conclusion
BITmarkets is a cryptocurrency exchange platform that offers a wide range of products and services to its users. It provides access to over 100 cryptocurrencies, institutional-grade security measures, 24/7 customer support, and lightning-fast transaction speeds. However, BITmarkets is not regulated, which may raise concerns about its adherence to industry standards and regulations.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
