BitMart Referral Code: Why No Code Can Open an Account Now

Sign-up bonus

None available. New registrations are suspended, so no welcome reward can be earned, whatever a banner or code site says.

Fee discount (kickback)A kickback is the share of your own trading fees the platform hands back to you, usually for as long as the account exists.

None. BitMart never published a fixed invitee discount, and trading services are discontinued.

Referrer reward

The referral page still lists 20–30% futures and 10–20% spot commission, but trading has stopped, so nothing new accrues.

KYCKnow Your Customer: identity verification with an ID document and often a selfie, required by regulated platforms before bonuses or withdrawals.

BitMart asks existing users to complete or update identity verification so withdrawal requests can be reviewed.

Withdrawable?

Withdrawals are subject to manual review and a proposed restructuring plan; balances may be converted to US-dollar claims.

Availability

Unavailable everywhere for new users. US registrations had already been closed for years; BitMart U.S. is a separate platform.

How the bonus unlocksWhat you must do (deposit, trade a volume, hold funds) before the bonus becomes usable or withdrawable.

Not possible. Registrations, deposits, new orders and then all spot and futures trading were suspended.

If you landed here looking for a BitMart referral code, the short answer is that none of them can do anything at the moment. BitMart announced an orderly wind-down of its trading platform, stopped accepting new registrations and deposits the same day, and ended all spot and futures trading a month later. Its own help center now reads like a restructuring file, with financial advisers, a user feedback portal and a proposal for paying out balances.

What makes this confusing is that BitMart’s marketing pages never came down. The referral page still promises up to 30% commission, and the Rewards Hub still advertises “up to 14,000 USDT”. Code sites copy those numbers without checking whether anyone can sign up. This page explains what actually happened, what the old program paid, and what to do instead.

• 0new accounts BitMart accepts while the wind-down runs
• 1 monthbetween the registration freeze and the end of all trading
• $319.5Mearlier hack loss BitMart cites as the source of its deficit
• 3payout options in BitMart's proposed restructuring plan

Can you use a BitMart referral code today?

No. A referral code only works at the moment an account is created, and BitMart is not creating accounts. Here is the sequence BitMart published in its wind-down notice:

Since then BitMart has said it is developing a restructuring plan “as an alternative to a full wind-down”, which may include a phased resumption of some operations. Until BitMart announces that registrations are open again, any page offering a working BitMart sign-up bonus is out of date. Our guide on spotting fake crypto bonuses covers this pattern: the offer outlives the platform.

What happened to BitMart

BitMart’s own account, published in its roadmap announcement, lists four causes. A weaker crypto market cut fee income. Wash-trading groups exploited rebate and zero-slippage incentives in the futures business, which pushed it into losses. A major hack several years earlier had drained about US$319.5 million in digital assets and left a balance-sheet deficit that strong market years had papered over. Finally, a wave of social media attacks set off panic withdrawals.

BitMart then appointed Alvarez & Marsal as financial adviser and White & Case as restructuring counsel, and opened a single user feedback portal. It also considered and rejected an outside offer of a US$10 million liquidity injection as “manifestly insufficient”.

There is an uncomfortable link to referral marketing here. Rebate incentives, the same family of features that referral codes advertise, were part of what wash traders farmed. When a platform pays unusually generous kickbacks, it is worth asking who else is collecting them.

What the BitMart referral program paid before the shutdown

The referral page is still published, and its tables show what inviters were offered. The invited user’s side was never spelled out: the terms only mention, in passing, that self-referral would cancel “the invited accounts’ fee rebates”, without ever giving a rate.

The page title still claims “up to 40% two-tier commission”, while the tables top out at 30% direct. The separate Affiliate Program for creators described its commission as valid for life, with commission paid in the same asset the fees were paid in. None of it pays anything now, because no trades are being made.

The invitee side was always the weak spot. BitMart never published a fixed fee discount for people who signed up with a code, and the referral terms said a “Referral Task” was “being upgraded”. Compare that with exchanges that state the invitee share openly, such as MEXC or Gate.

The 14,000 USDT welcome banner

BitMart’s Rewards Hub still headlines “Earn up to $14,000” for new users, and many code sites repeat it. Even when BitMart was operating, the task list behind that figure was shown only to logged-in users, and BitMart never published how much of it was withdrawable cash rather than vouchers. Today the figure has no value at all, since new users cannot register.

If you already have a BitMart account

The referral question is moot for existing users, but the account itself matters. BitMart asked users to do the following, and the list is worth following even if you hold only a small balance:

• Log in through the official website or app and review your balances.
• Complete or update identity verification, since withdrawals pass through compliance review.
• Cancel open orders and close any remaining positions, and redeem Earn or staking products where possible.
• Download balances, deposit history, withdrawal history and trade history, and keep them safe.
• Submit one withdrawal request at a time and avoid duplicates, which slow processing.

Withdrawal reviews can include checks of identity, devices, IP addresses, withdrawal addresses and source of funds. BitMart says requests are processed in order of submission once those checks are complete.

The proposed restructuring plan in plain words

BitMart’s initial indicative proposal, which it describes as subject to a court-sanctioned process, would convert each user’s balance into a dollarised account balance. The dollar value would be based on the weighted average price of the user’s tokens from the wind-down date to a later record time. Each user would then choose one or a mix of three options:

This is a proposal, not a final settlement. BitMart said it would consult its largest users first and publish detailed documents later. For anything about your own balance, rely on BitMart’s help center and its official feedback portal only.

Scams to watch for

Wind-downs attract fake recovery services. BitMart states that its feedback portal is the only official channel for comments on the plan, that verification emails come only from its Zendesk support address, and that it will never ask for passwords, 2FA codes, private keys or seed phrases. Treat any “BitMart claims”, “asset recovery” or “priority withdrawal” offer outside those channels as a scam, and never pay a fee to speed up a withdrawal.

Where to look instead

If you came here wanting a working sign-up offer, choose an exchange that is operating normally and publishes its referral terms. Our exchange referral reviews compare the current programs, and KuCoin’s referral terms or LBank’s are reasonable starting points for altcoin-heavy traders. Whatever you pick, read our guide on how to use a referral code first, so the code is attached before the account exists, and check that the exchange is still accepting users before you deposit.