Looking for the right crypto exchange can be tricky with so many options available. BitMart and BingX are two popular platforms that traders often compare when deciding where to invest their money. Each offers different fees, supported cryptocurrencies, and trading features that might better suit your specific needs.
When choosing between BitMart and BingX in 2025, you should consider key differences in trading fees, available cryptocurrencies, deposit methods, and platform features to determine which exchange better matches your trading style. BitMart competes with other major exchanges like Binance, while BingX has been gaining attention for its own unique offerings in the cryptocurrency marketplace.
Understanding how these exchanges compare can help you make smarter decisions with your investments. Both platforms have their strengths, but the right choice depends on what you value most – whether that’s lower fees, more crypto options, better security, or a more user-friendly experience.
Bitmart vs BingX: At A Glance Comparison
BitMart and BingX are two popular cryptocurrency exchanges that offer different features for traders. Let’s compare them side by side so you can decide which platform might work better for your needs.
Trading Options
| Feature | BitMart | BingX |
|---|---|---|
| Spot Trading | Yes | Yes |
| Futures/Derivatives | Yes | Yes |
| Copy Trading | Limited | Extensive |
| Number of Cryptocurrencies | 1000+ | 300+ |
Fees and Costs
BitMart typically charges trading fees between 0.1% and 0.25% per transaction. BingX offers competitive rates starting at 0.1% for spot trading, with discounts available for high-volume traders.
Security Features
Both platforms implement two-factor authentication and cold storage solutions. BitMart has improved its security after experiencing a hack in 2021, while BingX emphasizes its risk management systems.
User Experience
BingX offers a more intuitive interface for beginners with its copy trading feature that lets you mirror experienced traders’ moves. BitMart provides a wider selection of cryptocurrencies but may feel more complex to navigate.
Regulatory Compliance
You should know that both exchanges operate in multiple countries but have different regulatory standings depending on the region. Always check if they’re properly licensed in your location before trading.
Mobile Access
Both platforms offer mobile apps for iOS and Android, allowing you to trade on the go. BingX’s app receives slightly higher ratings for user experience and performance.
Bitmart vs BingX: Trading Markets, Products & Leverage Offered
BitMart and BingX offer various trading options for crypto enthusiasts, but they differ in several important ways.
Available Cryptocurrencies
BitMart provides access to a wide range of cryptocurrencies and trading pairs. The platform is known for listing many altcoins and offering spot trading services.
BingX also offers numerous cryptocurrencies but focuses heavily on derivatives trading. Both exchanges support popular coins like Bitcoin and Ethereum.
Trading Products
| Feature | BitMart | BingX |
|---|---|---|
| Spot Trading | ✓ | ✓ |
| Margin Trading | ✓ | ✓ |
| Futures | Limited | Extensive |
| Copy Trading | ✗ | ✓ |
BingX stands out with its copy trading feature, allowing you to automatically follow successful traders’ strategies. This makes it appealing if you’re new to crypto trading.
Leverage Options
BingX offers up to 100x leverage on Bitcoin contracts, making it attractive for experienced traders looking for higher risk-reward opportunities.
BitMart provides margin trading but with more conservative leverage options. This might be safer if you’re just starting with leveraged trading.
Trading Interface
Both platforms offer mobile apps and web interfaces for trading. BingX tends to focus more on derivatives and advanced trading tools, while BitMart provides a straightforward spot trading experience.
You should consider your trading goals when choosing between these exchanges. BingX might be better for advanced trading strategies, while BitMart offers a solid spot trading platform.
Bitmart vs BingX: Supported Cryptocurrencies
When choosing a crypto exchange, the variety of available cryptocurrencies is a key factor to consider. Both BitMart and BingX offer a wide range of digital assets, but there are some differences worth noting.
BitMart supports over 1,000 cryptocurrencies and 2,300+ trading pairs. This extensive selection makes it a good option if you’re looking to trade lesser-known altcoins or new tokens.
BingX offers fewer cryptocurrencies overall, but still maintains a solid selection of the most popular coins and tokens. Their focus tends to be on the major cryptocurrencies with high market capitalization.
Popular cryptocurrencies available on both platforms:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
- Ripple (XRP)
- Dogecoin (DOGE)
BitMart may be more suitable if you’re interested in trading newer or more obscure cryptocurrencies. The platform frequently lists emerging tokens before they appear on larger exchanges.
BingX tends to be more selective with its listings, which can mean fewer options but potentially higher quality tokens. Their curation process aims to reduce exposure to extremely risky assets.
You should check each platform’s current listings before signing up if you’re looking to trade specific cryptocurrencies. Both exchanges regularly update their offerings as the crypto market evolves.
Bitmart vs BingX: Trading Fee & Deposit/Withdrawal Fee Compared
When choosing between BitMart and BingX, understanding their fee structures is essential for maximizing your trading profits. Both exchanges have different approaches to trading, deposit, and withdrawal fees.
BitMart’s trading fees typically follow a maker-taker structure. Makers (those adding liquidity) generally pay lower fees than takers (those removing liquidity). The standard fee starts around 0.25%, but can be reduced based on your trading volume and if you hold the platform’s native token.
BingX also employs a maker-taker model with competitive rates. Their fees tend to be slightly lower in some trading pairs compared to BitMart.
For deposit fees, both platforms offer free cryptocurrency deposits. However, fiat deposits may incur charges depending on your payment method.
Withdrawal Fee Comparison:
| Exchange | Crypto Withdrawal | Fiat Withdrawal |
|---|---|---|
| BitMart | Varies by coin | Varies by method |
| BingX | Varies by coin | Varies by method |
Withdrawal fees differ significantly based on the cryptocurrency you’re withdrawing. For example, Bitcoin withdrawals typically cost more than stablecoin withdrawals on both platforms.
You should check the current fee schedules directly on each platform before trading, as fees are subject to change. Both exchanges occasionally run promotions that can temporarily reduce trading costs.
Consider your trading style and frequency when choosing between these platforms, as high-volume traders may benefit from the tiered fee discounts both exchanges offer.
Bitmart vs BingX: Order Types
When trading on cryptocurrency exchanges, the order types available can make a big difference in your trading strategy. Both BitMart and BingX offer various order options to help you execute trades effectively.
BitMart provides several common order types for spot trading. You can place market orders for immediate execution at the current market price. Limit orders let you set a specific price for buying or selling.
BitMart also supports stop-limit orders, which trigger a limit order when a certain price is reached. This helps manage risk during volatile market conditions.
BingX offers similar basic order types including market and limit orders. However, BingX stands out with its advanced trading features, particularly in futures and copy trading.
For futures trading, both platforms support take-profit and stop-loss orders, but BingX provides more customization options. This gives you better control over your risk management.
Here’s a quick comparison of order types:
| Order Type | BitMart | BingX |
|---|---|---|
| Market Orders | ✓ | ✓ |
| Limit Orders | ✓ | ✓ |
| Stop-Limit | ✓ | ✓ |
| Take-Profit | ✓ | ✓ |
| Stop-Loss | ✓ | ✓ |
| Trailing Stop | Limited | ✓ |
| OCO Orders | ✓ | ✓ |
BingX’s copy trading feature allows you to automatically mirror the trades of successful traders. This unique order functionality might appeal to beginners who want to learn from experienced traders.
Bitmart vs BingX: KYC Requirements & KYC Limits
Bitmart and BingX have different approaches to Know Your Customer (KYC) requirements, which affects how you can use these platforms.
Bitmart KYC Requirements:
- Requires all users to pass KYC verification
- Offers two KYC levels: Starter and Advanced
- Each level has different verification requirements
- Advanced verification requires more documentation than Starter
BingX KYC Requirements:
- Recent changes have made KYC mandatory on BingX
- Previously, BingX had no KYC requirements
- As of May 2024, BingX now requires KYC verification
KYC Limits Comparison:
| Exchange | KYC Required | Withdrawal Limits | Additional Benefits |
|---|---|---|---|
| Bitmart | Yes (Mandatory) | Varies by KYC level | Higher limits with Advanced verification |
| BingX | Yes (Now required) | Higher limits with completed KYC | Better fund management flexibility |
When you complete higher-level KYC verification on BingX, you can enjoy increased deposit and withdrawal limits. This gives you more flexibility in managing your crypto funds.
It’s worth noting that KYC requirements can change frequently in the crypto space. The information above reflects the status as of May 2024, with both platforms now requiring some form of identity verification.
Bitmart vs BingX: Deposits & Withdrawal Options
When choosing between BitMart and BingX, understanding their deposit and withdrawal options is crucial for your trading experience.
BitMart Deposit Methods:
- Cryptocurrency deposits
- Bank transfers
- Multiple payment methods
BitMart offers various ways to fund your account. You can deposit crypto directly or use traditional banking options to get started.
BingX Deposit Methods:
- Cryptocurrency deposits
- Bank transfers
- Additional payment solutions
BingX provides similar deposit flexibility, making it easy for you to fund your account through both crypto and fiat options.
Withdrawal Options Comparison:
| Feature | BitMart | BingX |
|---|---|---|
| Crypto withdrawals | ✓ | ✓ |
| Fiat withdrawals | ✓ | ✓ |
| Withdrawal fees | Varies by cryptocurrency and network | Varies by cryptocurrency |
BitMart’s withdrawal fees depend on both the cryptocurrency you’re withdrawing and the network you choose. This gives you options but requires attention to fee structures.
BingX also charges different fees based on the cryptocurrency being withdrawn.
Both exchanges support multiple withdrawal methods, but you should check the current fee structure before making transactions. Fees can significantly impact your overall trading profits, especially with frequent withdrawals.
Processing times for both platforms vary depending on network congestion and the payment method you choose. Crypto withdrawals are typically faster than fiat options on both exchanges.
Bitmart vs BingX: Trading & Platform Experience Comparison
When choosing between Bitmart and BingX, the trading experience and platform interface play a crucial role in your decision.
Bitmart offers a clean, user-friendly interface that works well for both beginners and experienced traders. You can access spot trading, futures, and various other trading options.
BingX stands out with its copy trading feature, allowing you to automatically copy successful traders’ moves. This is especially helpful if you’re new to crypto trading.
Both platforms support mobile trading through well-designed apps. You can trade on the go and receive price alerts to stay updated on market movements.
Trading Features Comparison:
| Feature | Bitmart | BingX |
|---|---|---|
| User Interface | Clean, traditional exchange layout | Modern, social trading focused |
| Copy Trading | Limited | Extensive options |
| Mobile App | Available for iOS/Android | Available for iOS/Android |
| Trading Types | Spot, Futures, Margin | Spot, Futures, Copy Trading |
BingX offers a more social trading experience with its copy trading focus, while Bitmart provides a more traditional exchange experience.
Trading fees differ between the platforms. BingX typically offers competitive fees for regular traders, while Bitmart may have slightly higher fees but provides more token options.
The charting tools on both platforms include basic technical analysis features. You’ll find candlestick charts, indicators, and drawing tools to help with your trading decisions.
Bitmart vs BingX: Liquidation Mechanism
When trading with leverage on cryptocurrency exchanges, understanding the liquidation mechanism is crucial. Both BitMart and BingX have systems in place to protect themselves when your position approaches dangerous loss levels.
BitMart uses a tiered liquidation system that gradually reduces your position size as you approach the liquidation price. This gives you some chance to recover before complete liquidation occurs.
BingX employs a risk control system with liquidation prices clearly displayed in your trading interface. When your margin ratio falls below the maintenance margin requirement (typically 80%), the liquidation process begins.
Key differences in liquidation approaches:
| Feature | BitMart | BingX |
|---|---|---|
| Warning system | Sends notifications | Real-time indicators |
| Partial liquidation | Available | Limited availability |
| Liquidation fees | 0.5-2% depending on asset | Flat 1.5% on most pairs |
| Insurance fund | Yes | Yes (larger fund) |
BingX offers a more transparent liquidation process with clearer indicators showing how close you are to liquidation. Their interface displays a percentage indicating your position health.
BitMart provides more options to add margin when you’re approaching liquidation, which might help you avoid a complete position wipeout.
Both platforms use mark prices rather than last traded prices to determine liquidations. This helps protect you from flash crashes or market manipulation that could trigger unfair liquidations.
Bitmart vs BingX: Insurance
When trading on cryptocurrency exchanges, safety should be a top priority. Both BitMart and BingX offer different insurance protections to help safeguard your assets.
BitMart implemented an insurance fund after experiencing a major security breach in December 2021. This fund aims to cover potential losses from future security incidents. The exchange pledges to compensate users if their platform is compromised.
BingX also maintains an insurance mechanism to protect user funds. Their system includes a risk reserve fund that can help cover losses in certain situations. This provides an added layer of security for traders on their platform.
Neither exchange offers the comprehensive insurance coverage you might find on larger platforms like Binance or Coinbase. Their insurance protections are more limited in scope.
It’s worth noting that both exchanges use standard security features including:
- Two-factor authentication (2FA)
- Cold storage for majority of assets
- Regular security audits
When choosing between these exchanges, consider how much of your assets would be protected in case of a security breach. Always verify the current insurance policies as they may change over time.
Remember to use strong passwords and enable all available security features regardless of which platform you choose. Your own security practices remain essential even with exchange insurance protection.
Bitmart vs BingX: Customer Support
When choosing a crypto exchange, customer support can make a big difference in your trading experience. Both BitMart and BingX offer support options, but they differ in availability and methods.
BingX provides customer support through email and live chat. Their team is known to be responsive and helpful when you have questions or issues. However, they don’t offer true 24/7 availability, which could be a drawback if you need help during off-hours.
BitMart also offers support through email and live chat channels. Their response times can vary depending on the complexity of your issue and current demand.
Both platforms provide knowledge bases and FAQ sections to help you find answers to common questions without contacting support directly. This self-service option can save you time for basic issues.
Language support is another important factor. BingX supports multiple languages, making it accessible if English isn’t your first language. BitMart similarly offers multi-language support for global users.
For urgent issues, live chat is typically the fastest way to get help on both platforms. Email support may take longer but allows for more detailed explanations of complex problems.
Neither exchange currently offers phone support, which is common among many crypto platforms but might disappoint users who prefer speaking with representatives directly.
Bitmart vs BingX: Security Features
When choosing a crypto exchange, security should be your top priority. Both Bitmart and BingX offer several key security features to protect your digital assets.
Bitmart implements two-factor authentication (2FA) to add an extra layer of protection to your account. They also use cold storage for the majority of user funds, keeping them offline and away from potential hackers.
BingX similarly offers 2FA protection and cold storage solutions. They’ve also developed a risk control system that monitors unusual account activity to prevent unauthorized access.
Both platforms conduct regular security audits to identify and fix vulnerabilities. However, BingX has a slight edge with its insurance fund, which provides some protection against unexpected losses.
Key Security Features Comparison:
| Feature | Bitmart | BingX |
|---|---|---|
| Two-factor authentication | ✓ | ✓ |
| Cold storage | ✓ | ✓ |
| Insurance fund | Limited | ✓ |
| Regular security audits | ✓ | ✓ |
| Advanced encryption | ✓ | ✓ |
You should also take personal security measures when using either platform. This includes using strong passwords and being cautious of phishing attempts.
Neither exchange has experienced major security breaches recently, which speaks to their commitment to security. Both platforms continue to update their security protocols to address emerging threats in the crypto space.
Is Bitmart a Safe & Legal To Use?
BitMart is a legitimate cryptocurrency exchange operating in over 180 countries worldwide. It implements several security measures to protect user assets and data, including two-factor authentication and advanced encryption technologies.
For U.S. users, BitMart’s legal status comes with important limitations. While it has operated in the USA, the platform has restrictions and reportedly isn’t accepting new U.S.-based users as of recent updates.
Security features on BitMart include:
- Two-factor authentication (2FA)
- Advanced encryption protocols
- Asset protection measures
Despite these security measures, some users have reported challenges with customer support responsiveness. This doesn’t mean BitMart is unsafe, but it’s something to consider when choosing an exchange.
BitMart has established itself as a simple, secure platform designed for both individual and institutional cryptocurrency traders. The exchange offers a range of trading options and cryptocurrencies.
Before using any exchange, you should verify its current regulatory status in your region, as cryptocurrency regulations change frequently. You should also employ personal security best practices like using strong passwords and enabling all available security features.
Is BingX a Safe & Legal To Use?
BingX is considered a safe and legitimate crypto exchange. It was established in 2018 and has grown to serve over a million users worldwide.
Your funds on BingX are protected through several security measures. The platform uses two-factor authentication (2FA) and stores most user assets in cold wallets to prevent hacking attempts.
BingX maintains 100% reserve backing for all user funds. This means your deposits are fully covered by the exchange’s reserves, reducing the risk of insolvency issues.
Independent auditors like Mazars have verified BingX’s financial data, adding an extra layer of trust to their operations.
For legal compliance, BingX holds several regulatory licenses across different regions. However, availability varies by location. The platform is not currently available to users in the United States or United Kingdom.
When comparing safety features:
| Security Feature | BingX |
|---|---|
| Two-factor authentication | ✓ |
| Cold wallet storage | ✓ |
| Proof of reserves | ✓ |
| Independent audits | ✓ |
The exchange offers various trading options including spot trading, futures contracts, and copy trading features. This makes it suitable for both beginners and experienced traders.
Before signing up, check if BingX is available in your country, as regulatory restrictions may apply to your region.
Frequently Asked Questions
Traders often have specific questions when comparing BitMart and BingX exchanges. These answers address common concerns about fees, platform features, and accessibility to help you make an informed choice for your trading needs.
How do the trading fees compare between BitMart and BingX for futures trading?
BitMart charges slightly higher fees for futures trading at 0.06% for makers and 0.10% for takers. These rates apply to standard accounts without VIP status.
BingX offers more competitive futures trading fees with 0.04% for makers and 0.06% for takers. Their fee structure includes additional discounts for higher trading volumes and BGB token holders.
Both platforms offer fee reductions through loyalty programs, but BingX typically provides the more cost-effective option for frequent futures traders.
Which platform offers the best futures trading experience, BitMart or BingX?
BingX provides a more specialized futures trading environment with advanced charting tools and up to 150x leverage on select pairs. Their platform includes copy trading features that let you follow professional traders’ strategies.
BitMart offers a more straightforward futures trading interface with up to 100x leverage. Their system is easier for beginners to navigate but lacks some of the advanced features found on BingX.
Trading volume is generally higher on BingX for futures contracts, which can result in better liquidity and tighter spreads for popular trading pairs.
What are the key differences in services offered by BitMart versus BingX?
BitMart focuses on a wide range of spot trading options with over 1,000 cryptocurrencies available. They offer staking services, an NFT marketplace, and a launchpad for new token projects.
BingX specializes in derivatives trading with robust futures products and copy trading functionality. Their platform emphasizes social trading features that BitMart doesn’t offer.
BitMart provides more educational resources for beginners, while BingX caters more to experienced traders seeking advanced tools and trading options.
Can US customers legally trade on both BitMart and BingX?
BitMart offers limited services to US customers through a separate platform that complies with US regulations. Not all features are available, and certain states may have restrictions.
BingX does not officially support US customers, and American traders cannot legally access their platform. They employ geoblocking measures to prevent US IP addresses from registering.
Both platforms require KYC verification, and attempting to circumvent geographic restrictions could result in account freezes or loss of funds.
What are the unique features that set BitMart apart from BingX?
BitMart’s Shooting Star launchpad gives users early access to new token projects. This feature isn’t available on BingX and attracts traders interested in emerging cryptocurrencies.
BitMart offers an integrated NFT marketplace where you can buy, sell, and trade digital collectibles. BingX focuses primarily on trading and doesn’t support NFT transactions.
BitMart’s mobile app has higher user ratings on app stores and includes more comprehensive account management features compared to BingX’s more trading-focused approach.
How do market cap variations on exchanges like BitMart and BingX impact coin availability?
BitMart lists more small and micro-cap projects that aren’t available on major exchanges. This gives you access to newer tokens but comes with higher volatility and risk.
BingX tends to focus on medium to large market cap coins for its futures offerings. This creates a more stable trading environment but limits exposure to emerging projects.
Market cap variations between the exchanges can create arbitrage opportunities. Price differences for the same asset might allow you to profit from trading across both platforms.
BingX vs Bitmart Conclusion: Why Not Use Both?
After comparing BingX and BitMart, you might wonder which exchange to choose. The answer could be to use both platforms based on your specific needs.
BingX offers competitive trading fees and is known for its transparent fee structure. This makes it attractive for both casual and frequent traders who want to keep costs down.
BitMart provides access to over 1,400 cryptocurrencies and 100+ futures contracts. This wide selection gives you more trading options and opportunities to diversify your portfolio.
Each platform has unique strengths. BingX might be better for those interested in leverage trading, while BitMart could be preferred for its extensive coin selection and first-time token listings.
Your trading style and goals should guide your choice. If you’re looking to trade popular coins with low fees, BingX might be your go-to. For access to newer tokens and a broader range of crypto assets, BitMart offers advantages.
Many experienced traders maintain accounts on multiple exchanges to take advantage of different features, pricing, and coin availability. This strategy allows you to:
- Reduce risk by not keeping all assets on one platform
- Compare fees for specific trades to maximize profits
- Access exclusive tokens that may only be available on one exchange
- Take advantage of different trading tools each platform offers
Remember to verify the legal status of certain trading features like leverage in your country before using them.
