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Forex Broker Rating

BITMarkets

BITMarkets

Information about the broker BITMarkets

Rating: 1
Jurisdiction: Saint Vincent and the Grenadines
Regulators: not mentioned
Foundation date: 2022
Site: https://bitmarkets.com

Brief information BITMarkets

The company BITMarkets is a centralized cryptocurrency exchange serving individual and corporate clients. The platform has operated since 2022. Its current operator is Unicorn Technologies Limited, basement and incorporation in Saint Vincent and the Grenadines under № 27217BC2025. Company registration alone does not establish that the market is certified to provide money-related support.

The company's address is Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, VC 0100, Saint Vincent and the Grenadines. Customer support is available at support@bitmarkets.com and +248 4 632 053.

BITMarkets

Cryptocurrency selection on BITMarkets

The website advertises more than 300 cryptocurrencies as assets for trading. Supported cryptos include BTC, ETH, SOL, ADA, BNB, DOGE, DOT, LTC, LINK, AVAX, SHIB, PEPE, SUI, NEAR and the exchange’s own token, BTMT. Available trading pairs and transfer networks. 

Services and fees of BITMarkets

The exchange platform BITMarkets offers:

  • spot trading;

  • margin trading with leverage up to 1:50;

  • futures, including perpetual contracts, with leverage up to 1:50;

  • P2P trading;

  • crypto convert;

  • buying and selling currencies;

  • free registration;

  • BTMT Earn and automated portfolio strategies;

  • a referral programme and educational materials. 

As to trading fees:

  • Standard spot fees are 0.16% for makers and 0.18% for takers. 

  • Futures and margin trades carry a 0.10% fee on each side at the general tier. 

Lower rates depend on trading volume over the previous 30 days. Eligible BTMT holdings can bring a further 20% discount, subject to the published thresholds.

BITMarkets

Creating a personal account and verification on bitmarkets.com

The account creation requires an email address and a password, followed by identity verification. Most verification checks take up to 24 hours on business days, although additional reviews may take three business days.

Deposits and withdrawals with BITMarkets

Payment methods include:

  • cryptocurrency transfers;

  • bank transfers;

  • payment providers, including Transak and Swipelux;

  • P2P-transactions.

Minimum deposits depend on the method: 10 $ through Transak or 1000 $ through SWIFT. Provider fees vary; Swipelux lists a 4.5% deposit fee. 

Crypto withdrawal limits and fees depend on the coin and network. For Bitcoin’s native network, the minimum is 0.00015 BTC, with a 0.00005 BTC fee. The cryptocurrency withdrawals in a few minutes and 1–3 business days for bank withdrawals.

Conclusion about BITMarkets

BITMarkets publishes detailed information about trading fees and transfer limits. The company does not specify a particular financial regulatory authority or a license number. As a result, the extent of regulatory oversight remains unclear.

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Trader Reviews

I had an extremely unpleasant experience with BitMarkets. As long as the fictitious profits kept growing in my account, everything looked great. But as soon as I wanted to withdraw my money, they started pressuring me to deposit more funds. Employees called from cell phone numbers and hid their real contact information. When I started complaining, they even told me they couldn’t find my account. They never returned my money.

  • 2 days ago

I am extremely disappointed with this exchange. It turned out to be impossible to withdraw my money from my account, yet company representatives keep calling me and misleading me. I’m really fed up with the constant promises and intrusive communication. I wouldn’t recommend anyone get involved with this platform—even one star is too many for it.

  • 10 hours ago

I deposited 375 cad into BitMarkets. A month later, my account balance showed 590 dollars, but my account manager, Tyler, kept urging me to add more funds. I decided to see how everything worked first and didn’t transfer any more money. After that, the representative stopped responding, and the balance stopped growing. Now I want to withdraw my funds, since I no longer trust the company.

  • 1 day ago

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