How to Deposit Money into BitMart 2022?

You can buy, sell or trade crypto and other currencies on BitMart with total security. Here, we will discuss how to deposit money into BitMart.

Cryptocurrency has provided the world with various features. This has, in return, led to its rapid growth and popularity. Cryptocurrency has been gaining more trust and acceptance over these last few years.

This is due to the features such as the decentralized nature of investments. No obstruction from the government whatsoever also contributes to this.

What is BitMart?

BitMart

The growing popularity of crypto has led to the onset of various exchange platforms. Here, traders and investors can buy or sell cryptocurrencies. BitMart crypto exchange platform was developed in recent years by Sheldon Xia.

The company is originally situated on Cayman Island. However, this platform is globally available with support in various countries such as the USA, South Korea, and many more. The 5.5 million users make it one of the best crypto exchange platforms which are currently active.

The list of benefits that BitMart provides is a long one:

  • The convenience of depositing money directly from a bank account,
  • Withdrawing exactly according to crypto balance,
  • trading crypto,
  • Transferring funds from wallet-to-wallet or accounts with total security, along with
  • A very simple and attractive user interface,

Depositing Crypto in BitMart

It’s time you find out How to deposit money into BitMart. We have broken the process into simple steps given below.

  • Create an account on BitMart. Go to the official website and Log in to your account.
Log in to your BitMart account
  • Tap on the option saying “Deposit“, which is present in the top right corner of your screen.
Depositing Crypto in BitMart
  • Now you’ll have to choose from the given options. For example, if you want to deposit in Ethereum, then choose the option saying ETH.
  • Then the Deposit address will be generated for ETH, which you can use in your account.

If you look carefully, you will find that the deposit address is different for different cryptocurrencies.

Depositing USD in BitMart

USD cannot be directly deposited in BitMart. Instead, users have to buy crypto using third-party services and then trade it. Guide on How to deposit money into BitMart –

  1. Create an account on BitMart. Go to the official website (BitMart.com ) and Log in to your account.
  2. Tap on the option saying “Deposit“, which is present in the top right corner of your screen.
  3. Now you’ll have to choose from the given options. For example, if you want to deposit in Ethereum, then choose the option saying ETH.
  4. Then the Deposit address will be generated for ETH, which you can use in your account.

If you look carefully, you will find that the deposit address is different for different cryptocurrencies.

Besides, here’s a comprehensive guide for BitMart withdrawal time and BitMart withdrawal fees for your reference. Let’s see how to withdraw in BitMart step by step.

Depositing INR into BitMart

Just like USD, INR cannot be directly deposited in BitMart. Instead, you’ll need to use third-party apps like Simplex, MoonPay, or PAXFUL to buy crypto first. The amount of crypto will be shown in INR for Indian users.

Steps on How to Deposit Crypto into BitMart are as follows

  1. Create an account on BitMart. Go to the official website and Log in to your account.
  2. Tap on the option saying “Deposit“, which is present in the top right corner of your screen.
  3. Now you’ll have to choose from the given options. For example, if you want to deposit in BitCoin, then choose the option saying BTC.
  4. Then the Deposit address will be generated for BTC, which you can use in your account.

If you look carefully, you will find that the deposit address is not the same for different cryptos.

Steps to Transfer USDT from CoinBase to BitMart

  1. Open BitMart and Log in
  2. Click on Assets
  3. Then Choose Tether (USDT)
  4. Click on Deposit and then Copy the generated Deposit address
  5. Go to Coinbase, Select Tether
  6. Then click on the option with Double Arrows
  7. Then click on send option, then tap on Tether
  8. Enter the amount that you want to transfer
  9. Click on Continue
  10. Then it will ask if you want to send this selected money to someone from your contact? If yes, then select the contact; if not, then click on “Not Now“.
  11. Then in the deposit address field, paste the address that you copied earlier.
  12. Click on Proceed
  13. Then a confirmation page will appear on which you need to check the details carefully. If everything’s alright, click on “Send Now“.
  14. Then Enter the OTP that is sent to you and verify it to initiate the transfer.

How Much Time Does Depositing into BitMart Take?

After knowing How To Deposit Money into BitMart, it is also important to know how much time it takes. BitMart is a well-built, secure and safe crypto exchange platform.

So if your transactions are taking longer than usual, you don’t need to worry and take action.

According to the current trend, it may take from one hour to even a full day to complete the transaction. However, the security that BitMart provides is really remarkable.

Every complete transaction is notified to you by a confirmation email from BitMart. Thus you can ensure that your transaction succeeded.

Why Am I Unable to Deposit in BitMart?

Even after learning How to deposit money into BitMart, if you are still unable to do it, then there must be some issue. Usually, while an upgrade is underprocessing, depositing money gets complicated. It is advised not to deposit money while the upgrading period is on.

This period is informed to you via email and in-app notification. If you haven’t received such a notification, try contacting the BitMart Team about the issue.

Converting BTC to USDT on BitMart

With the same value as USD, the Tether or USDT is gaining its reputation as a stable currency. This same value as USD is maintained by keeping the total of USDT the same as the number of dollars in deposits.

It is indeed possible to buy USDT on BitMart. However, it can be done using two different ways. You can buy USDT by purchasing it through a third-party app using your bank account.

You can use any other crypto like BTC to acquire USDT. It is possible to sell BitCoin to buy Tether on BitMart. Please find below a step-by-step guide.

  • Create a BitMart account if you don’t have one. Then visit the official website of BitMart and log into your account.
  • After you verify your profile, you’ll be all set to buy or sell crypto on BitMart.
  • Now, launch BitMart and search for BTC/USDT.
  • After you select the option BTC/USDT, you will land on a new page. On this page, you can see an option saying “Sell“. On the mobile app, this option will be at the bottom of the screen.

Note– It’s important to own BTC before you try buying USDT using BTC.

  • Now, choose the option saying “Sell for the BTC to buy the USDT“.
  • In the asset option below, you can check the value of USDT. This detail should be confirmed before buying.

Converting USDC to USDT

In this section of How to deposit money into BitMart, we have given a step-by-step guide to converting USDC to USDT:

  1. It’s important to have an account on BitMart, so if you don’t have an account, then create one. Then go to BitMart and log in to your account.
  2. Get your account verified to make you eligible for buying or selling the
  3. Then after verification, go to the search option and search for USDC/USDT.
  4. As you select USDC/USDT, you’ll land on a page with an option saying “Sell“. On the mobile app, this option will be at the bottom of your screen. Note- You must own USDC first to buy USDT using it.
  5. Select the option to Sell for the USDC to buy the USDT.
  6. In the Asset section, you will be able to see the amount of USDT as confirmation before the transaction.

Why Am I Unable to Trade USDT on BitMart?

Knowing How to deposit money into BitMart would be useless if you aren’t able to trade USDT on BitMart.

However, the complexity of the user interface is hardly the issue here. There are some reasons for which you may be unable to trade USDT on BitMart. Those reasons are-

  1. Profile verification is very important on BitMart. It is also implemented in many such exchange platforms. If you haven’t verified your profile, then you won’t be able to trade USDT on BitMart.
  2. If you are trying to trade something, you must have it first. If you don’t have USDT in your assets, you won’t be able to trade it. You can buy USDT through third-party apps or by converting another crypto to USDT.
  3. If you are trading another crypto in order to gain USDT, then you must have that crypto in your assets. If you don’t have any crypto in your assets, you won’t be able to conduct the trade.

Buying USDT on BitMart Using Credit Card

You cannot use your credit card to buy USDT directly on BitMart. Instead, you’ll need to know how to deposit money into BitMart? Crypto can be purchased using third-party apps such as Simplex, MoonPay, or PAXFUL.

Here’s how you acquire USDT using your credit card:

  1. First and foremost, you must have an account on BitMart. Visit BitMart.com or launch the app on your phone. Then log into your account.
  2. Verify your profile.
  3. On the screen, tap on the option saying “Buy crypto“.
  4. The next page will have a dropdown menu. Note- This menu will show BTC as a buying option by default.
  5. In the dropdown menu, select USDT.
  6. This will cause a disclaimer to show up on your screen. Agree to the disclaimer.
  7. Tap on the Go to Pay option. This will lead you to a third-party payment portal. On which your Email will be verified by asking you to enter your email.
  8. As you complete email verification, you need to enter the payment details. These details include your credit card number, amount, etc. After entering the details, continue.
  9. In the asset section, verify the USDT amount before confirming the purchase.

Conclusion

BitMart, as a leading Crypto exchange platform, has provided users with various features. You can buy, sell or trade crypto and other currencies on BitMart with total security.

In this article on How to Deposit Money into BitMart, we covered various aspects. We have shown how to deposit, buy, sell or trade crypto in BitMart.

Let us know your views on this article, and make sure to share this useful information with your friends.

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Jack

Ten years of experience in information and computer technology. Passionate about electronic devices, smartphones, computers, and modern technology.

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