NFTs
Award-Winning Crypto Exchange BitMart Offers Premium Trading, Earnings and NFT Experience: Review – TradingView News
Launched in March 2018, BitMart is among the most reputable and feature-rich centralized cryptocurrency exchanges in the world. Over the past few years, it has implemented a series of updates to evolve into a complete Web3 ecosystem for newbies and professionals alike.
All-in-one platform for crypto traders and NFT fans: Bitmart Summary
BitMart, a global multi-blockchain cryptocurrency exchange ecosystem, combines the benefits of a trading platform, an IEO launchpad, an NFT marketplace, and an earning platform.
- BitMart is primarily known as a centralized global cryptocurrency exchange that supports over 1,500 cryptocurrencies in spot and futures sections.
- BitMart runs a native NFT marketplace to ensure seamless and cost-effective digital collectibles trading.
- In 2021, BitMart launched a native launchpad for Initial Exchange Offerings (IEOs) to make access to early-stage investment opportunities more inclusive and democratic.
- The BitMart Earn section unlocks beginner-friendly passive income opportunities for holders interested in generating yield on their dormant crypto assets.
- BitMart Labs, an exchange venture capital (VC) unit, has participated in several seed and strategic funding campaigns, supporting DeFi, NFT and Play-to-Earn startups in their fundraising efforts.
Accompanied by enhanced security measures, a stellar reputation, and a trusted fiat gateway, these tools have not gone unnoticed by the global cryptocurrency community as BitMart has received dozens of Web3 awards and special awards.
What is a cryptocurrency ecosystem?
A cryptocurrency ecosystem refers to a combination of multiple cryptocurrency-related services into a single interface. The concept of a cryptocurrency ecosystem started to gain traction in 2018-2019, step by step, along with the maturation of cryptocurrency markets in terms of technological developments, UX/UI, security and a series of opportunities to profit on-chain.
Typically, cryptocurrency ecosystems include multiple modules but require users to go through “know your customer” (KYC) checks only once; they also allow users to log in with a single set of credentials.
Cryptocurrency ecosystems largely rely on a trading platform as a core element of their technological design. Simply put, they are cryptocurrency exchanges (both spot and futures) with a variety of additional multi-functional services. Some of them have additional modules promoted as “Web3” or “decentralized” wallets or exchanges without being 100% on-chain.
Why is choosing a cryptocurrency ecosystem a smart bet?
While some crypto enthusiasts seek out fully non-custodial services (interfaces) like Uniswap (UNI) or Aave Finance (AAVE), most digital asset owners use crypto ecosystems for a few reasons.
- Beginner-friendly UX/UI: The largest crypto ecosystems are the most beginner-friendly products, offering accessible and understandable interfaces.
- One interface, many opportunities: Users of cryptocurrency ecosystems do not need to switch between multiple applications during their journey into the world of cryptocurrencies.
- No Liquidity Fragmentation. As in the previous case, using one ecosystem for all operations allows you to concentrate liquidity and choose more profitable strategies for its use.
- You only share your data once: With a cryptographic ecosystem, you don’t need to upload your documents or disclose sensitive information to multiple services, thus reducing the possibility and potential effects of a data breach.
Simply put, using a cryptocurrency ecosystem instead of a “classic” standalone service is a much more convenient and resource-efficient option.
How to Select the Right Cryptocurrency Ecosystem for Trading, NFTs, and Passive Income
Before choosing a complete cryptocurrency ecosystem, here are some aspects to consider:
- Reputation. You need to check the history of the service and its staff to see if it has been hacked, involved in rug pulls, malicious activities, and so on.
- Characteristics. Before joining a crypto ecosystem, you need to know the list of services you may need: it is beneficial to have them all in one place.
- Range of supported blockchains. By 2024, a proper exchange or crypto ecosystem should support both Bitcoin BTCUSD and main alternative networks.
- Fiat Channels. To start trading, you first need to top up your account with money: make sure there is an easy way to do this.
- Presence on social networks. Before you start using a crypto ecosystem, check its social media channels.
These simple rules can protect crypto users from fraud, attacks, phishing, data leaks, and dubious schemes.
Introducing BitMart, award-winning crypto exchange with earning, NFTs and investing modules
In 2024, BitMart represents a battle-tested cryptocurrency ecosystem designed for crypto traders with various strategies on Web3.
BitMart for Traders: Spot and Futures Sections
First of all, BitMart has gained attention and popularity as a reliable cryptocurrency exchange with futures and spot modules. At the time of going to press, its spot section offers trading with over 1,400 cryptocurrencies across multiple blockchains. Thanks to deep liquidity and advanced technology solutions, BitMart charges low fees to its customers.
Image by BitMart
To cater to different categories of users, the ecosystem provides the Standard Interface, which is simple and easy to use, and the Advanced Interface, which makes sophisticated trading tools accessible.
To ensure maximum accessibility, BitMart presents available assets in 20 sections: US dollar stablecoins, the biggest cryptocurrencies like Bitcoin and Ethereum, altcoins from Polkadot, Solana, Avalanche ecosystems, Play-to-Earn coins, meme coins and so on. against.
Image by BitMart
BitMart’s futures section includes several opportunities for crypto derivatives trading. Users can choose between cross-margin and independent margin trading. Several order types, including Limit Order and Market Order, are supported by the exchange.
BitMart Futures Trading provides a secure, high-speed platform with up to 100x leverage, supporting 100+ futures pairs and multiple order types, including 100+ USDT-margined perpetual swaps.
BitMart’s trading panels are integrated with reliable crypto-to-fiat on- and off-ramps. BitMart has entered into strategic partnerships with MoonPay, Simplex, Banxa, Alchemy Pay, and Legend Trading, offering multiple payment methods for easy buying and selling of cryptocurrencies in local currencies.
BitMart for NFT Enthusiasts: Top Marketplace with Subscription Support
The BitMart NFT Marketplace is one of the latest additions to its suite of products. It is an all-in-one holistic platform where users can create, buy and trade premium non-fungible tokens (NFTs), offering a complete exchange experience for NFT creators, entrepreneurs, commissioners and other industry players.
Image by BitMart
For those interested in subscriptions, a specific class of NFTs minted on top of non-programmable blockchains (networks that do not support smart contracts), BitMart has created the Subscription Market.
Works with a secure offline order book for better liquidity and more predictable trading. To highlight the value of each subscription, BitMart publishes its price in stablecoins. BitMart Inscriptions Market offers low fees and 100% free internal transfers between accounts. As of the end of Q2 2024, the service supports 40 different subscription tokens.
BitMart for Users: IEO Launchpad and Earnings Section
As a way to make cryptocurrency trading more inclusive and fair, BitMart created its native launchpad for initial exchange token offerings (IEOs).
BitMart Launchpad should be called a token launch accelerator platform designed for transformative projects, offering global users the chance to purchase IEO tokens at a discount. It provides an affordable opportunity for qualified users to participate easily. By default, IEO is considered a more democratic procedure compared to traditional VC funding and safer than 2017-style ICOs.
BitMart Launchpad is powered by BMX, the main native cryptocurrency of the BitMart ecosystem. BMX is an ERC-20 token; its highest price was recorded on June 5, 2024, above $0.62.
In 2024, BitMart Launchpad hosted IEOs for projects Aperture Finance, Investive, JLT Token, Sensei Inu, and Punk Sat, independent trackers say.
Additionally, BitMart has launched a native earning platform. BitMart Earn is a versatile passive income service that provides easy access to multiple earning options for cryptocurrencies, including flexible and fixed savings. BitMart Earn is accessible even to traders with no prior crypto experience.
Bonus: BitMart recognized with global Web3 and blockchain awards
For its contribution to the global adoption of blockchain and advancement of the B2B product ecosystem on Web3, the international community has recognized BitMart by awarding several awards and recognitions.
Over the past two years, it has won dozens of awards in Web3 and blockchain. It was named one of the top 200 Fintech companies in the world by CNBC, a leading US business media outlet. It was also named the Best Global Cryptocurrency Exchange 2023 by International Business Magazine and the Most Trusted Trading Platform by Crypto 306. Investopedia, one of the most visited investment portals in the world, placed BitMart in the “Best for Altcoins” section.
As of 2021, it has been mentioned on CoinGecko’s Top 10 Centralized Exchanges list for three consecutive quarters. She also received the prestigious Hurun America Award for Best Technology Innovation.
In conclusion: What is special about BitMart in 2024?
In short, BitMart has developed a complete crypto ecosystem for traders, NFT enthusiasts, traders, IEO fans, and other categories of crypto players. Behind the scenes, it is a conglomerate of safe and beginner-friendly services for earning crypto income.
Spot and futures trading sections, an NFT marketplace, an IEO launchpad, BitMart Earn, a crypto-to-fiat channel are integral parts of its ecosystem backed by the native BMX token. The exchange is also running BitMart Labs, a successful VC unit.