The rise of cryptocurrency adoption has led to many exchanges being developed in recent years and BitMart is one of the leading cryptocurrency exchange platforms. It was founded by Sheldon Xia and the app is now available in 180 countries like the USA, South Korea, and China.
BitMart has a user-friendly interface that gives it an edge over other crypto-exchange platforms, thus prompting users’ desire to onboard the platform. As a result, the number of queries for “how to deposit money into Bitmart” has risen. Let’s take a look at how to do so.
How to Deposit Money into BitMart?
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:
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 Transfer 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 to Buy USDT on BitMart with a 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.
How Long Does BitMart Take to Deposit?
BitMart has a relatively smooth deposit flow such that the transaction normally takes an hour for processing, but may take up to 24 hours in some cases. Once the transaction is processed, the user will receive a confirmation email.
Thus, do not panic if you do not see your balance reflecting your deposit immediately as you will have to give it some time for processing. If anything is amiss such as your funds still not arriving after 48-72 hours, you can contact the customer service desk to get further information or assistance regarding the delay.
Why can’t I Deposit on BitMart?
Oftentimes, the reason you may not be able to deposit into BitMart is because the BitMart team is upgrading their system for accessibility. When that happens, you will likely get an email informing you of that matter. If you did not receive such an email and do not see any notification on the app, it may be better to contact the BitMart Team through support for assistance on depositing.
Closing Thoughts
BitMart is one of the leading crypto trading platforms that has millions of users all around the world. The platform prioritizes security and seamless customer experience which makes it no wonder why more users are flocking over from other exchanges and learning how to deposit money into BitMart.
We hope this article has provided you with a strong understanding of BitMart’s onboarding flow, and where to request for further assistance if you ever require them for any matter or when problems arise.
