How to Deposit Money into BitMart?

Deposit money bitmart

The current generation is leaning towards cryptocurrency and the main reason behind this choice is that a cryptocurrency is a decentralized form of investment and free of government interference.

Many applications have been developed in recent years and BitMart is one of the leading cryptocurrency exchange platforms.

BitMart was founded by Sheldon Xia and the Cayman Island-based platform has 5.5 million users. The app is now available in 180 countries like the USA, South Korea, and China.

BitMart has a user-friendly interface that gives an edge over another crypto-exchange platform. Depositing users’ money and trade crypto and transferring funds between other wallet apps and BitMart can be done very easily. 

Users cannot directly deposit their money into BitMart from their bank account. To deposit money, they have to buy crypto in BitMart and trade them.

At the time of withdrawal, the user will receive the money based on the value of crypto they have. The user must purchase cryptocurrency (Bitcoin, Ethereum, or Tether) using third-party services such as Simplex, MoonPay, or PAXFUL.

How to Deposit Money into BitMart?

Steps to Deposit Money into BitMart:

Step 1: The user must first make an account and then log in to the official website www.bitmart.com.

Step 2: In the upper right corner of the app, select “Deposit.”

Step 3: If a user wants to deposit in Ethereum (ETH), there will be a deposit option for the ETH; clicking the option will generate a deposit address which the user can use in their account to deposit. 

Note: Read the deposit address carefully because each coin has its specific deposit address.

How to Deposit USD into BitMart?

Steps to Deposit USDT into BitMart:

Users cannot directly deposit USD into BitMart from their bank account; they have to buy crypto with their money first and then only can trade on this platform.

The user needs to buy cryptos (BitCoin, Ethereum, or Tether) using third-party applications like Simplex, MoonPay, or PAXFUL.

Step 1: The user needs to create an account and log onto the official website www.bitmart.com.

Step 2: Click on the “Deposit” option at the upper right corner of the app

Step 3: Suppose a user wants to deposit in Ethereum (ETH), there will be a deposit option for the ETH; clicking the option will generate a deposit address which the user can use in their account to deposit.

Note: Read the deposit address carefully because each coin has its specific deposit address.

Also Read: How to Transfer Crypto from BitMart to Trust Wallet?

How to Deposit INR into BitMart?

Steps to Deposit Money into BitMart:

Depositing INR is the same as depositing USDs on this platform. The user must purchase cryptos (Bitcoin, Ethereum, or Tether) using third-party programs like Simplex, MoonPay, or PAXFUL. The amount will be shown in INR for the users in India.

Step 1: The user must create a profile and log in to the www.bitmart.com official website.

Step 2: In the platform’s top right corner, select the “Deposit” button.

Step 3: Assuming a user wishes to deposit in BitCoin (BTC), there will be a deposit button for the ETH; choosing the option will produce a deposit address, which the user may use to deposit in their account.

Note: Thoroughly read the deposit address since each coin has its unique deposit address.

How to Transfer USDT from Coinbase to BitMart?

Steps to Transfer Tether or USDT from Coinbase to BitMart:

Step 1: Log into BitMart and click on the assets.

Step 2: Select Tether (USDT) and click on the deposit option.

Step 3: After clicking the deposit option, copy the deposit address.

Step 4: Open Coinbase and select Tether

Step 5: Select the double arrow sign

Step 6: Select send option and then select Tether

Step 7: Enter the amount and click on “Continue

Step 8: If you want to send the amount to a person from your contact then click on the view contacts or else select not now.

Step 9: Paste the copied deposit address and select “Proceed

Step 10: Check the confirmation page before selecting “Send now

Step 11: Enter the OTP to complete the transfer process  

How Long Does BitMart Take to Deposit?

Normally the transaction takes an hour for processing but it may take 24 hours in some cases. Once the transaction is processed, the user will receive a confirmation email.

The depositing experience for the users is really good in this platform and the platform also assures security in the trading and depositing process.

So, if the deposit is taking time, there is no need to panic and contact the customer service desk to get information regarding the delay.

Also Read: How to Withdraw Money from BitMart?

Why can’t I Deposit on BitMart?

You may not deposit into BitMart because the BitMart team upgrading their system for accessibility.

You may also get a mail regarding the same. So, you can wait for some time. If you didn’t get any such email or are not able to see any notification app. So, it will be better to connect BitMart Team they will help you to deposit.

How to Convert BTC to USDT on BitMart?

USDT or Tether is a stable cryptocurrency issued by a Hong Kong-based company that matches the worth of the US dollar.

The coin is pegged to the USD by keeping a number of dollars in deposits equivalent to the total of USDT in existence.

There are two possible ways to buy USDT on Bitmart, one is to buy directly using the bank account through a third-party payment platform like MoonPay. Another way to buy USDT is to use another crypto-like BTC on BitMart. 

Any person can sell their Bitcoin to buy Tether on the BitMart platform by following the simple steps described below:

Step 1: The user must first make an account and then log in to the official website www.bitmart.com or by using the BitMart mobile app.

Step 2: Get the profile verified to start trading and buying on the platform.

Step 3: After setting up the profile, open the BitMart app or webpage and search for 

BTC/USDT.

Step 4: A new page will open after selecting the option of BTC/USDT. There will be an option called Sell. If you are using a mobile app, the option will come at the bottom of the screen in a red-colored box.

Note: The user should have BTC in their asset to use it for buying USDT.

Step 5: Select Sell for the BTC to buy the USDT.

Step 6: Go to the Asset option (bottom right corner in the mobile app) and check the value of the USDT for confirmation regarding the buying.

How to Convert USDC to USDT on BitMart?

Steps to Convert USDC to USDT on BitMart:

Step 1: The user should create an account before logging in to the official website www.bitmart.com or the BitMart mobile app.

Step 2: Verify their profile in order to begin trading and purchasing on the site.

Step 3: After you’ve created your profile, access the BitMart app or website and search for USDC/USDT.

Step 4: After picking the USDC/USDT option, a new page will open. There will be a Sell option available. If you’re using a mobile app, the choice will appear in a red box at the bottom of the screen.

Note: It should be noted that the user must have USDC in their possession in order to purchase USDT.

Step 5: Choose Sell for the USDC to purchase the USDT.

Step 6: Go over to the Asset section (bottom right corner of the mobile app) and verify the USDT amount to confirm the purchase.

Why Can’t I trade USDT on BitMart?

BitMart has an easy-to-use interface for its users so that they will not face any difficulties in using the platform. 

If a user is facing any problem in trading USDT (Tether) on BitMart, there can be several reasons behind it, such as:

Reason 1:

To start the trading in BitMart, id verification of the user has to be completed. The user has to verify their identity; if not then they cannot trade USDT or any other crypto in BitMart.

Reason 2:

The user has to have USDT in their asset to trade. If a user does not have USDT in their asset then they have to buy it first from BitMart using their bank account (through a third party payment platform) or they can buy USDT using any other crypto from their asset.

Reason 3:

If a user is using another crypto to buy USDT for trading, they should also have that crypto in their asset. If they do not have that crypto to buy USDT then the trading cannot be done.

How to Buy USDT on BitMart with Credit Card?

Users cannot directly buy USDT on BitMart from their credit card; they have to buy crypto with their money first and then only can trade on this platform. The user needs to buy cryptos (BitCoin, Ethereum, or Tether) using third-party applications like Simplex, MoonPay, or PAXFUL.

Steps to Buy USDT on BitMart with Credit Card:

Step 1: Before signing in to the official website www.bitmart.com or the BitMart mobile app, the user requires to register an account.

Step 2: Verify their profile before dealing or acquiring on the platform.

Step 3: There will be an option named Buy Crypto; if you are using the mobile app of BitMart then you will find it at the center of the home screen.

Step 4: Select the buy crypto option and it will lead you to a page with a dropdown menu.

Note: By default, the menu will show BTC (Bitcoin) as a buying option.

Step 5: Select USDT from the dropdown menu and click on continue.

Step 6: A disclaimer will pop up which will contain the information regarding usage of the third-party payment platform in the buying process. Agree to the disclaimer and then click on the Go to pay option.

Step 7: The third-party payment portal will open and ask you to enter your email for verification. Enter your email and verify to move forward with the purchase.

Step 8: After the email verification the portal will ask you to enter your payment details where you have to put your purchase details and the payment details like credit card number and continue to complete the purchase.

Step 9: It only takes a few minutes to complete the purchase process and once it’s done, go over to the Asset section (bottom right corner of the mobile app) and verify the USDT amount to confirm the purchase.

Conclusion

Many experts believe that cryptocurrency is the future form of investment. The popularity of crypto is rapidly growing.

It is believed that the main reason behind this growth is that the cryptos are decentralized currency and no other government bodies can regulate this but this benefit can also bring a huge risk for the investors.

If the market of crypto cripples for any reason in the future, the investors have to bear the losses solely and no aid or help in the economy will be provided by the government. Though the people from the crypto investment world say the chances are very slim still there is a potential risk in this process.

BitMart is one of the leading crypto trading platforms in the world and it has millions of users all around the world.

The platform allows its users to exchange their assets from other known platforms and it is easy to use for trading. Users can deposit their money in any crypto with a few clicks and start trading.

This platform accepts different currencies from its users for deposition through third-party payment applications and only the crypto coins can be exchanged in it. It takes only 24 hours to deposit and 72 hours to withdraw an investor’s money.