Bitmarket.net

Bitmarket.net

  • United Kingdom of Great Britain and Northern Ireland

  • Full trading platform

  • Bitmarket.net

  • Since 2018

Bitmarket.net
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: BTC 724.72/24h

Bitmarket.net is a Polish full exchange platform with a predominately European user base. Bitmarket offers advanced trading features and is a member of Business Center Club in Poland. The platform offers support mainly for Bitcoin and Litecoin and is intended for advanced users in Poland and abroad.

Although it doesn't have the best UX design, this platform provides the basic needs for digital asset trades. It's a little harder to follow than some other platforms around. It is one of the earliest platforms to provide support for Bitcoin gold. Transaction fees are a bit high but deposit and withdrawal fees are low.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • Polish Zloty (PLN)

Language Support

  • English
  • Polish

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order

Discounts For
The Big Traders:

  • Volume based discounts

Special
Services:

  • Peer to Peer margin trading

Bitmarket.net security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Advanced Security Features:

  • Monitor bahavior patterns for suspicious activity

Security Features:

  • SSL

Legal Registration or Compliance:

  • Incorporation Documents
  • International Business Companies Act of the Republic of Seychelles

BitMarket was created in 2014 by a team which previously ran a Poland-based web domain marketplace, called AfterMarket.pl. According to news sources, this company had its bank accounts suspended in 2015 by Polish Bank BPH, over claims of an illegal transaction. The companies behind this platform are Kvadratco Services Limited and BitMarket Ltd.

Summary:

This platform is mostly suited to users who want to trade cryptos against the Polish Zloty or the Euro. Due to the fact that it offers advanced trading options like margin trading or the possibility to invest in Smart Contracts, this exchange is mostly suited to experienced traders. There have been news reports questioning the legality of some of this company's bank transactions.

Ease of use
Developed
Transaction Fees
Between 0.30-0.50% depending on volume
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
5EUR/Deposit, 2EUR/Withdrawal
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto

Functionality:

Bitmarket offers advanced trading functionality for users that want to pair Bitcoin or other cryptos against the Euro or the Polish Zloty. This platform allows users the possibility of issuing their own Smart contracts on the Blockchain. Through Bitmarket, advanced traders have the option to buy and sell assets on margin trading with variable fees over trade turnover.

Most common
customer complaint:

unkown