Comparison of Bitmart vs Xeggex [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitmart vs Xeggex comparison!

Your expert: Alejandro Borja

bitmart

Bitmart

Your expert: Xavier Tarrasó

xeggex

Xeggex

Main points

Fees

0.09%/0,25%

Earns

Yes

Customer service

3/5
0,30%/0,40%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

No

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Reasonable fees with some additional costs for specific services.
3.9 – Competitive fees with additional benefits for high-volume trading.

Level

0.09%/0,25%
0,30%/0,40%

Brief explanation

BitMart’s commission structure is designed to be competitive within the cryptocurrency exchange market. The platform utilizes a tiered fee system based on trading volume, which encourages more frequent trading by reducing costs for high-volume traders. Generally, the fees for makers, who add liquidity to the market, are lower than for takers, who take liquidity away. This fee structure not only supports liquidity but also rewards users who contribute to the market dynamics. While specific percentages vary, they are kept transparent on the platform, ensuring traders can plan their transactions with clarity regarding potential costs.
Xeggex structures its commission system to be straightforward and competitive within the industry. The exchange charges a basic trading fee, which is tiered based on the user’s trading volume over a 30-day period, rewarding more active traders with lower fees. Additionally, Xeggex applies withdrawal fees, which vary by cryptocurrency but generally align with network transaction costs to ensure fees remain reasonable. This transparent fee structure helps users plan their trading activities without unexpected costs.

Bitmart

Xeggex

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Account Minimum

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Direct link to the website

Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

Yes
No

Cripto/debit card

Yes
No

Company information

Full name

GBM Foundation Company
Unknown

Regulation

Not regulated
Not regulated

Year founded

2017
2021

Founder

Sheldon Xia
Unknown

Payment methods

Transfers

No
No

Mastercard

Yes
No

Wire transfer

No
No

Card

Yes
No

Comparative table

Bitmart FEATURES Xeggex
BitMart offers a relatively low minimum trade amount, making it accessible for beginners to start trading without significant capital.
Minimum Trade
Xeggex allows for relatively low minimum trades, making it accessible for beginners to start small.
Fees are competitive, but could be improved to match lower rates offered by some other exchanges.
Trading and Transaction Fees
The fees are competitive but could be improved to better match or undercut industry leaders.
BitMart supports a wide array of cryptocurrencies, providing users with a diverse range of trading options.
Number of Cryptocurrencies
Offers a wide range of cryptocurrencies, providing good options for diversified trading.
Offers a substantial number of crypto-to-crypto trading pairs, allowing for versatile trading strategies.
Crypto-to-Crypto Trading Pairs
Supports numerous trading pairs, facilitating versatile trading strategies.
The website provides essential information; however, more detailed disclosures about security practices and fund management could enhance transparency.
Website Transparency
The website provides essential information, though some areas could benefit from greater detail regarding policies and operations.
BitMart does not offer its own exchange card for customers to use for in-store purchases and receive benefits.
Credit/Debit Card
Xeggex lacks an exchange card, missing an opportunity for added convenience and benefits for its users.
Provides secure storage options with the majority of assets held in cold storage, though past security breaches have impacted their score.
Storage Offering
Provides secure storage solutions with an emphasis on safety, though it lacks some advanced features found in specialized wallets.
Offers competitive staking options and rewards, appealing to users looking to earn through their crypto assets.
Staking and Rewards
Offers basic staking options and rewards which are attractive but not as competitive as some other exchanges.
Both mobile and desktop platforms are highly user-friendly and feature-rich, providing a seamless trading experience.
Mobile App and Desktop
Both the mobile app and desktop platform are well-designed, offering intuitive navigation and a seamless trading experience.
Customer support is available, but response times can be slow. More resources towards improving service responsiveness are needed.
Customer Service
Responsive and helpful, but there are occasional delays during peak times.
BitMart offers multiple deposit and withdrawal methods, but improvements could be made in processing times and fee structures for withdrawals.
Deposit and Withdraw
Processes are straightforward with reasonable limits and fees, though improvements could be made in processing times.

Key features

Analysis tools

Basic charting tools, some advanced features for futures
Basic charting tools

Mobile APP

Yes
No

Security

High 4,9/5
High 4,6/5

Additional features

Futures trading, staking, lending services, BitMart token (BMX) rewards
Margin trading, staking, Xeggex Earn, fiat on/off ramps

Anonymity

Yes
Yes

Key points

Available cryptocurrencies

200+
100+

User-friendliness

BitMart features an easy-to-use platform with a simple interface that is suitable for beginners. The exchange provides a seamless trading experience with all necessary features easily accessible.
Xeggex offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides good value for money with low trading fees and a diverse range of supported cryptocurrencies, making it a cost-effective option for traders.
Offers good value for money with competitive fees and a user-friendly platform, making it suitable for both beginners and experienced traders.

Countries of operation

United States, South Korea, Japan, China, Singapore
United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for traders of all experience levels who want access to a diverse range of cryptocurrencies and low trading fees.
Suitable for both beginners and experienced traders seeking a user-friendly platform with competitive fees.

Base currencies available

USD, BTC, ETH, USDT
Multiple including USD, BTC

Account

Trading

BitMart is a global exchange with a good variety of cryptocurrencies and competitive fees. It offers advanced trading options but has faced some security and regulatory challenges.
Xeggex focuses on providing a secure and user-friendly platform with a decent range of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.

Deposit and withdrawal

BitMart provides diverse deposit methods, including bank transfers and crypto. Withdrawals are processed efficiently, typically within a day. Fees are reasonable, enhancing user experience.
Xeggex supports various deposit and withdrawal methods, including bank transfers and cryptocurrencies. Withdrawals are processed efficiently, with low fees.

Account opening process

BitMart offers an easy and fully digital account opening process. Users need to provide personal details and verify their identity. The process is usually quick, taking less than a day to complete.
Xeggex offers a seamless and fully digital account opening process. Users need to provide personal information and verify their identity. The process is quick and usually completed within a day.

KYC required?

Yes
No

Customer Service

BitMart provides support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support can be inconvenient for users needing immediate assistance.
Xeggex offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

BitMart provides strong security with 2FA, SSL encryption, and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some investors.
Xeggex provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

As an expert on our website, I recommend BitMart for traders who value a wide selection of cryptocurrencies and robust trading platforms. While the exchange offers strong security measures and diverse trading options, potential users should be aware of the historical security breaches and occasionally slow customer service. Overall, BitMart provides a user-friendly experience with competitive trading fees, making it a solid choice for both beginners and experienced traders looking to expand their crypto portfolios.
As an expert on our website, I highly recommend Xeggex for newcomers in the cryptocurrency space. Its intuitive interface and diverse cryptocurrency offerings make it a standout choice for those starting their trading journey. However, if you’re an advanced trader, you might find the analytical tools a bit limited. Overall, Xeggex presents a solid option with its focus on security and user-friendly design, making it worth considering in your search for a reliable exchange.

How do we review crypto exchanges?

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.

Risk Disclaimer

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.

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