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Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Upbit | FEATURES | Bitmart |
|---|---|---|
|
Upbit allows users to trade with relatively small amounts, making it accessible for beginners. |
Minimum Trade |
BitMart offers a relatively low minimum trade amount, making it accessible for beginners to start trading without significant capital. |
|
The fees are competitive but the structure can be complex and confusing for new users. |
Trading and Transaction Fees |
Fees are competitive, but could be improved to match lower rates offered by some other exchanges. |
|
Upbit offers a wide array of over 150 cryptocurrencies, catering to diverse trading preferences. |
Number of Cryptocurrencies |
BitMart supports a wide array of cryptocurrencies, providing users with a diverse range of trading options. |
|
Provides an extensive range of trading pairs, supporting various crypto-to-crypto transactions. |
Crypto-to-Crypto Trading Pairs |
Offers a substantial number of crypto-to-crypto trading pairs, allowing for versatile trading strategies. |
|
Generally transparent about trading conditions and security policies, though some information like fee structures could be simplified for better clarity. |
Website Transparency |
The website provides essential information; however, more detailed disclosures about security practices and fund management could enhance transparency. |
|
Lacking a dedicated exchange card, Upbit misses an opportunity to integrate cryptocurrency spending into everyday transactions for its users. |
Credit/Debit Card |
BitMart does not offer its own exchange card for customers to use for in-store purchases and receive benefits. |
|
Offers secure storage solutions, though it’s primarily an exchange, not a dedicated wallet service. |
Storage Offering |
Provides secure storage options with the majority of assets held in cold storage, though past security breaches have impacted their score. |
|
Offers competitive staking options and rewards, providing users with opportunities to earn from their holdings. |
Staking and Rewards |
Offers competitive staking options and rewards, appealing to users looking to earn through their crypto assets. |
|
Both platforms are user-friendly and offer full functionality, facilitating trading on-the-go and from desktop setups. |
Mobile App and Desktop |
Both mobile and desktop platforms are highly user-friendly and feature-rich, providing a seamless trading experience. |
|
Available and responsive, though some users report delays during peak times, which could be improved. |
Customer Service |
Customer support is available, but response times can be slow. More resources towards improving service responsiveness are needed. |
|
Efficient processes with some limits on international transactions, reflecting the need for broader accessibility. |
Deposit and Withdraw |
BitMart offers multiple deposit and withdrawal methods, but improvements could be made in processing times and fee structures for withdrawals. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S