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Yousef47
Within 1 year

What types of documents do I need to provide in order to complete my initial withdrawal from BitMart?

Broker Issues
BitMart
Withdrawal
Deposit
04-25
United States
WikiFX
Reply

Speaking from my experience as a forex and crypto trader, I exercise extreme caution with unregulated platforms like BitMart. Based on the information provided, BitMart is currently unregulated, holds a suspicious regulatory license, and has even been listed on the FCA's warning list of unauthorized firms. These red flags have a direct impact on the reliability of withdrawals. The information available does not clarify exactly what documentation BitMart requires for initial withdrawal. There is also a concerning account from another user struggling to withdraw funds, facing additional demands for payments and taxes prior to release — which is atypical for reputable exchanges and a major warning sign for me. From what I know about industry standards, legitimate platforms often require basic identity verification, such as a government-issued photo ID, proof of address, and sometimes source of funds documentation for compliance with anti-money laundering laws. However, due to BitMart’s lack of regulation, it’s impossible for me to assure you that their process will follow standard transparent procedure. Crucially, BitMart’s documentation requirements may be inconsistent or change without notice, especially in light of the reported withdrawal issues. In summary, I would not rely on BitMart to follow standard protocols regarding documentation. If you still proceed, I recommend using extreme caution, never sending additional funds under the guise of “release fees,” and prioritizing exchanges that operate under recognized regulatory oversight for your safety and peace of mind.

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