BitMart Supported and Restricted Countries

BitMart Restricted Countries

BitMart enforces access restrictions in specific regions under Section 2.5 of its User Agreement, Geographic Restrictions, aligning with global regulations to ensure safe and compliant operations.

Currently, BitMart restricts services to residents of Afghanistan, the Balkans, Belarus, Burma, Mainland China, Côte d’Ivoire, Cuba, Crimea, the Democratic Republic of Congo, Iran, Iraq, Liberia, the Netherlands, North Korea, Sudan, Syria, Zimbabwe, New York State, and the Donetsk and Luhansk regions.

BitMart also recently stopped new user registrations for the UK, as they do not comply with new laws by the Financial Conduct Authority (FCA). These restrictions may change as regulations evolve, so users should check BitMart’s terms periodically for updates.

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BitMart Supported Countries

BitMart operates in over 180 countries, offering a broad range of cryptocurrency trading services to a global audience. 

Key markets include Canada, Australia, Japan, South Korea, Germany, France, India, Brazil, and South Africa, with top user engagement from regions like India, the Philippines, Indonesia, Japan, and Egypt, according to SimilarWeb data.

By adhering to regional regulations, BitMart ensures a secure, reliable platform, enabling users across diverse markets to access digital asset trading confidently.

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Is BitMart Available in the USA?

BitMart is currently not accessible to U.S. residents. Despite not being explicitly listed as restricted, numerous users on platforms like Reddit have reported issues opening accounts in the past year.

This likely stems from heightened regulatory pressures in the U.S. and BitMart's absence of licensure and oversight by FinCEN, making it challenging for the platform to operate within the country.

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BitMart Licenses

The only BitMart entity with licensing operates within the European Economic Area (EEA) through GBM Global UAB, a Lithuania-registered virtual currency exchange and wallet provider.

This branch, separate from other BitMart entities, serves EEA countries including Lithuania, Belgium, Denmark, France, Germany, and others, ensuring compliance with European regulations.

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BitMart KYC Requirements

BitMart enforces Know Your Customer (KYC) verification to maintain a secure and compliant trading environment. The platform offers two levels of KYC, each with specific access and limitations:

• Level 1 (Starter): Requires basic information such as country of residence, full name, and date of birth. Grants limited access with deposit and withdrawal limits up to 0.06 BTC daily, allowing basic buy/sell capabilities but no advanced trading options.
• Level 2 (Advanced): Requires Level 1 completion plus a government-issued ID and facial recognition verification. Provides full platform access, including spot and futures trading, with enhanced deposit and withdrawal limits up to 100 BTC daily.

Completing the appropriate KYC level unlocks BitMart’s full features while ensuring adherence to regulatory standards.

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About Bitmart

Founded in 2017 by Sheldon Xia, BitMart is a global cryptocurrency exchange headquartered in the Cayman Islands. The platform offers access to over 1,400 digital assets, supporting spot, futures, and margin trading, along with staking and savings products. According to CoinGecko, BitMart's 24-hour trading volume is reported to be approximately $73 billion.

The platform uses a hybrid hot/cold wallet setup for security and follows regional compliance standards. BitMart also supports developers through API access and offers institutional features like sub-account management and VIP perks, including reduced fees and high-yield opportunities.

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Bottom Line

BitMart provides broad access to crypto trading but restricts services in specific regions, including Afghanistan, Iran, North Korea, Mainland China, and the USA, to comply with global regulations. 

Users in supported countries can access a range of trading features, though they should check BitMart’s terms regularly as regulatory changes may impact availability.