Bit-Mart-global

Hello,

If you deposit a crypto worth of 100usd and trade on that and after some profit if the exchange says to deposit another amount of 750 usd, is it legit to do to get the profits out, coz not any other exchange ask for that. Your help would be much appreciated. The link for the exchange is  https://bit-mart.global/ .

Thanks

Dear Trader,

We strongly urge you to discontinue any engagement with the potentially risky online exchange, BitMart (bit-mart.global).

The cryptocurrency trading market inherently carries substantial risks and presents challenging issues for financial regulators. Therefore, we highly recommend that you exercise utmost caution when investing. Once your money is lost, it becomes nearly impossible for authorities to trace those funds.

We have reviewed the website bit-mart.global and found no regulatory information available to substantiate the legitimacy of this online exchange, which raises concerns about its credibility. It was particularly alarming to discover that the domain name was registered as recently as May 9, 2024. This recent inception serves as a red flag.

Furthermore, the scant contact information provided by the website makes it difficult for investors to maintain effective communication with the platform's operators. If any issues arise, they could easily sever contact with their customers and disappear with their funds.

Their request for additional deposits to release your profits appears to be a scam tactic. We strongly suggest that you cease your dealings with BitMart to prevent further losses.