Founded in 2014 by the creators of aftermarket.pl, BitMarket is a Polish cryptocurrency exchange that finds itself at number 18 on BlockExplorer’s top 25 cryptocurrency exchanges of 2017 list. This exchange offers 6 trading pairs, all of which are crypto/fiat.

BitMarket has some moderate activity, with almost 100 BTC traded in a single day on its BTC/PLN trading pair. It is recommended for all polish traders, especially those looking for a mid-volume market with a robust API for programmatic trading.

 

BitMarket

bitmarket cryptoURL: BitMarket.net

Launched: 2014

Trading pairs: 6, all fiat/crypto

Deposit Fees: Yes

Withdrawal Fees: Yes

Trading fees: Yes 0.0% – 0.45%

Verification: Yes, three levels

Margin Trading: Yes

Registration

Registration on BitMarket requires a first and last name, an email address, a password, and a current physical address. Once the information is filled out, there are four checkboxes that are required, one of which links to a document that seems to only be available in polish.

Verification

BitMarket has three verification levels, none of which are required unless you want to deposit or withdraw fiat, or are trading more than 15000 EUR in a year.

Verification level one is the simplest to acquire. You are required to send BitMarket a scanned ID that states your current address, or a scanned ID and some proof of residence. For level two, a verification code is sent to your stated address via post. The last verification level is required if you wish to use instant bank transfers to fund your account. Each bank account you want to transfer from has to be verified individually by way of a 1 PLN transfer to BitMarket.

Fees

BitMarket uses the usual Maker/Taker scheme that most exchanges use to structure their trading fees. Specifically, BitMarket bases its fees off of your last 30 days of trading. BitMarket does not state exactly when your current fee bracket is updated. On the low end, makers pay 0.15% for between 0 and 99.99 EUR traded, while takers pay 0.45 for the same. For the high end, over 500,000, makers pay no fees, and takers pay a fee of 0.30%. Margin trades follow the same fees above, with opening a position taking the maker’s fee, and closing a position taking the takers fee. After opening, margin trades pay a daily fee outlined on BitMarket’s fees page

For deposit and withdrawal, the fees you pay depend on the currency and the method of transfer. Cryptocurrencies have no deposit fees and have a small withdrawal fee. For fiat deposit, there is no fee for PLN, while EUR deposits cost between 2 and 5 EUR. Both PLN and EUR pay withdrawal fees, PLN ranging from 2 PLN to 20 PLN, while EUR is a flat 2 EUR.

Limits are set at 100,000,000 PLN or equivalent daily on deposits, aside from cryptocurrencies. And there is a limit of 100,000,000 or equivalent daily for withdrawal on all currencies.

Interface

BitMarket’s interface overall is a very bright white with green and blue accents. There is no dark mode available, meaning that late night trading could be a source of eye strain.

The trading interface feels quite simplistic, with a chart, order submission, order book, and trade history all stacked vertically. The chart itself while informative feels sluggish when changing settings, and overall seems somewhat blurred.

Security

BitMarket seems to have some very trigger happy bot protection in the form of a captcha via Cloudflare. I found myself solving one at least once every three page loads. Otherwise, BitMarket offers Two Factor Authentication by way of Google Authenticator.

fintech digital congress warsaw poland

The fast development of digitalization, advancement of technology, and with this, the increased requirements of digital clients, have influenced the next edition of the FinTech Digital Congress.

On the 23-24 November 2017 at Hotel Westin in Warsaw, the third edition of the Congress will be directed to representatives of the financial sector, but also start-ups and investors who are interested in the fintech branch, as well as implementation of future technology in financial services.

The agenda of the event contains topics relating to the newest trends in the fintech branch, as well as the areas of their activity in the CEE. During the two days of the Congress, topics will be concerning cybersecurity, blockchain, RegTech, PSD2, fintech transactions and ICO, AI, big data and machine learning. What benefits will come from the fintech branch? How to humanize technology? Those questions, and more, will be answered by the speakers during the third edition of the FinTech Digital Congress.

The Advisory Board have taken great care over the high level of discussions that will take place during the conference. The Advisory Board consists of members such as:

  • Zbigniew Jagiełło, Honorary Chairman of the Advisory Board, President of the Management Board, PKO Bank Polski
  • Tomasz Czechowicz, Chairman of the Advisory Board, President of the Management Board, MCI Capital
  • Cezary Stypułkowski, Honorary Chairman of the Advisory Board, President of the Management Board, mBank
  • Marcin Petrykowski, Vice-chairman of the Advisory Board, Managing Director, S&P Global

The FinTech Digital Congress will take place simultaneously with the second edition of the InsurTech Digital Congress, dedicated to the implementation of future technology in the insurance branch.

We encourage you to look at the photos and video from the second edition of the FinTech Digital Congress, which was one of the three branches of the FutureTech Congress held in May.

More information about the event can be found on the website www.fintechdigitalcongress.com

The event is organized by MMC Polska.