Orca vs Bitmart: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Orca and Bitmart This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 9, 2025

Orca

Bitmart

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

United Kingdom

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Orca is ideal if:

Builds on Solana’s fast, low-fee network, making it a great fit if you want quick, cost-effective token swaps.
User-friendly interface and tools like “Magic Bar” and Fair Price Indicator simplify DeFi for both beginners and seasoned users.
Concentrated liquidity (Whirlpools) offers efficient yield-earning potential—ideal if you seek to provide liquidity with precision.

Bitmart is ideal if:

Wide crypto selection for altcoin enthusiasts — Great if you're exploring a broad range of tokens, including niche and newly launched assets.
Beginners and advanced users both catered to — Offers a simple Buy/Sell tool for newcomers and robust futures, spot, and charting interfaces for experienced traders.
Social and copy trading opportunities — Ideal if you want to mirror expert strategies or explore passive exposure through copy/social trading tools.

Orca isn’t ideal if:

Limited solely to Solana’s ecosystem—which may not suit users looking to trade assets across other blockchains.
Lacks advanced trading tools and detailed charting, making it less appealing for those who rely on technical analysis.
Concentrated liquidity (Whirlpools) introduces increased risk of impermanent loss for liquidity providers.

Bitmart isn’t ideal if:

No demo or practice mode — Beginners lacking a risk-free environment may find it harder to learn before committing real funds.
Security concerns persist post-2021 breach — Even with improved measures, the prior major hack may still cause hesitation around fund safety.
Limited fiat access and tools — Less ideal if you prefer direct fiat deposits/withdrawals or need features like bots, proof-of-reserves, or wallet insurance.

Fees & Total Costs

Spot Maker/Take

Orca doesn’t use traditional maker/taker models—spot trading occurs through liquidity pools structured via Automated Market Maker (AMM) mechanics, where pool creators set fixed or adaptive fee tiers (ranging roughly from 0.01% to 2%) that apply to all trades, and those fees are shared between liquidity providers, the protocol treasury, and a climate fund.

BitMart uses tiered spot fees based on trading volume and a pairing class system (Class A, B, C). You can also reduce costs by holding or using the BMX native token, which typically grants a sizable discount on maker/taker rates.

Futures/Derivatives

Orca is strictly a decentralized AMM-based spot platform on Solana and does not offer any futures or derivatives trading, meaning there are no maker/taker or funding fees to consider.

Maker/Taker and Funding

Average Spreads on Liquid Pairs

Because Orca routes trades through concentrated liquidity pools (Whirlpools) via its smart router, traders usually benefit from highly efficient execution and minimized slippage; though exact spreads fluctuate dynamically, these liquid pairs consistently enjoy tight pricing thanks to deep, targeted liquidity.

For high-liquidity pairs like BTC/USDT and ETH/USDT, spreads usually remain narrow and market-competitive, making them more cost-efficient for active traders.

Fiat Deposits & Withdrawals

Orca operates entirely on-chain without direct fiat support—it doesn’t accept or process fiat deposits or withdrawals, meaning no time delays or fees, but you’ll need to convert external fiat to crypto before interacting with the platform.

Methods, Fees, Times

On-chain Withdrawals

Orca doesn’t handle withdrawals across multiple blockchains—it functions solely on Solana, so on-chain fees consist only of Solana network transaction costs (typically a tiny, fixed amount of SOL), rather than dynamic variable fees across different networks.

Fixed vs. Dynamic by Network (BTC, ETH, TRX, etc.)

Hidden Costs

Orca avoids most hidden fees—there are no inactivity penalties or express KYC charges, and currency conversion only incurs standard swap route costs; the main ongoing cost is network transaction fees and whichever pool fees apply when trading.

Currency Conversion, Inactivity, KYC Express, etc.

Real-World Cost Example: “€500 BTC

Since Orca doesn’t support fiat on-ramps or BTC trading directly, a real-world purchase of €500 worth of BTC would involve using a separate service to convert euros to a Solana-compatible asset (e.g., USDC), then swapping via Orca to your target token—so total cost includes external fiat conversion spread, Orca’s pool fee tier (deducted from the input token), and the minimal Solana transaction fee.

Buying €500 in BTC (Fee + Spread + Withdrawal)

Crypto Offering & Trading Features

Number of Coins & Pairs

Orca supports approximately 490 tradable coins and over 1,300 trading pairs, with the most active including SOL/USDC, SOL/STSOL, and SOL/MSOL based on volume.

BitMart supports a wide cryptocurrency catalog (1,400+ assets) and offers over 1,050 spot trading pairs; its top 20 by volume typically include the usual heavyweights like BTC/USDT and ETH/USDT among others.

Product Range

Orca focuses on spot swapping and liquidity provision—there’s no margin, derivatives, options, ETFs, loans, copy-trading, grid bots, or automatic DCA. It does reward LPs and enables staking of liquidity positions.

You’ll find a full trading suite on BitMart

Liquidity

Orca handles hundreds of millions in daily volume—CoinGecko reports about $440–$540 million 24h across the platform, with deep liquidity especially in major pairs like SOL/USDC.

BitMart regularly achieves multi-billion-dollar daily volumes; its order books for liquid assets like BTC and ETH are deep and tight enough for efficient execution in most conditions.

Tools

Orca offers core AMM functionality—no limit, stop, OCO orders or alerts—though it includes handy UI features like the “Magic Bar” and Fair Price Indicator, and there’s SDK, developer APIs (TypeScript), and native Solana wallet integration.

The platform offers limit, stop, and OCO orders, alongside charting tools, alerts, a native API/WebSocket interface, and integration with TradingView for advanced analysis.

Geographic Restrictions by Product

Orca does not officially restrict any regions—however, users are advised not to access the platform if local laws deem it prohibited.

Product availability varies by region—certain jurisdictions may face restrictions, particularly around derivatives (e.g. perps and margin aren’t always available everywhere due to regulation).

Innovation

Orca enables permissionless pool launches (via token-creation tools), supports concentrated liquidity with Whirlpools, and offers Double-Dip pools (earning dual rewards)—but it doesn’t include launchpads, launchpools, or separate flexible vs locked earn options.

BitMart continues innovating with features like a flexible vs. locked earn program, its in-house token launchpad, and expanded copy trading options that enhance user engagement.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Orca is a decentralized, non-custodial protocol built on Solana with no central operating company handling custody; governance and UI are supported by an autonomous protocol structure, not a traditional corporate entity.

BitMart is operated by GBM Global Holdings Ltd., founded in 2017, and headquartered in the Cayman Islands.

Licenses/Registration

Orca does not hold industry-standard exchange licenses like VASP or MiCA, given its decentralized architecture—there is no regulatory registration as it doesn’t engage in fiat transactions or centralized trading.

It holds a Money Services Business (MSB) license from the U.S. FinCEN, indicating strong anti-money-laundering compliance—but lacks broader EU or MiCA-specific licenses.

Custody

The platform is fully non-custodial—users always retain control of their assets in their own wallets. Orca does not hold user funds, nor does it provide formal proof-of-reserves or cold storage backing, since liquidity is deposited by users in smart contracts.

BitMart manages assets through a hybrid hot/cold wallet setup, with partial disclosures of hot wallet addresses as part of its transparency push; however, full proof-of-reserves or cold storage percentage data remains pending.

Insurance & Protection Funds

Orca does not currently offer formal insurance or compensation funds for user losses; instead, it relies on strong security design and audit practices to safeguard the protocol and users’ liquidity.

There’s no public information about dedicated insurance or user protection funds being in place to cover losses from hacks or other security incidents.

Incident History

Orca has maintained a clean security record over its history—no hacks, fund losses, or regulatory sanctions have been recorded since its launch, and the team celebrates its continuous uptime and safety focus.

In December 2021, BitMart suffered a high-profile security breach that resulted in around $196 million stolen; the team pledged reimbursements and has since reinforced security infrastructures.

Risk Controls

Access is secured via users’ wallets; there are no built-in features like two-factor authentication, whitelists, or sub-account structures. Orca promotes a zero-trust design and encourages secure wallet use without centralized API permission controls.

The platform includes standard safety features like two-factor authentication, anti-phishing codes, API key restrictions, and an institutional-grade sub-account system.

Transparency

The protocol publishes regular security audits and adheres to standards like ISO 27001 and ISO 9001 for information security and quality management, offering clear documentation—but it does not offer monthly financial reports, formal SLAs, or public on-chain dashboards beyond smart contract visibility.

BitMart has taken steps toward openness by sharing hot wallet addresses and working on Merkle-tree based proof-of-reserves, although regular audit reports, SLA commitments, or full public reserve disclosures are not yet available.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Orca is fully on-chain and does not accept direct fiat deposits via bank transfer, cards, or e-wallets—users must first convert fiat to crypto outside the platform, typically via a centralized exchange or on-ramp service.

BitMart supports fiat deposits via credit/debit cards (Visa, Mastercard), bank transfers, and integrated third-party gateways like Simplex, MoonPay, Banxa and others; minimums start around USD 30, and processing varies by provider—from instant to a few days.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Orca is a decentralized, non-custodial platform with no institutional KYC structure—there are no defined user levels (basic or advanced), identity checks, or trading limits based on KYC.

BitMart offers non-KYC access, plus two personal levels—Starter and Advanced—that unlock higher daily withdrawal caps (Starter

Withdrawals

Limits, Durations & Networks

Crypto withdrawals support a broad range of networks (e.g., ERC-20, TRC-20, BEP-20), with limits and speeds depending on KYC level and network congestion; fiat withdrawals are also routed through select third-party gateways with similar variability.

Customer Support

Users can open support tickets directly in the Orca UI, and also reach out via Discord or Telegram; requests are verified via wallet signature, and responses appear in the UI live ticket chat.

BitMart offers 24/7 live chat, email/ticket support, and a help center; response speed is inconsistent by user feedback, and the knowledge base provides general guidance but may lack deeper troubleshooting.

Languages & Localization

Orca’s documentation and FAQs are available in multiple languages (including Chinese, Japanese, Korean, Vietnamese) though the platform UI doesn’t show fiat prices or localized fees in currencies like EUR; regulatory localization is up to the user.

The user interface is available in English (with fiat shown in EUR/USD based on user region), though localized regulatory disclaimers can vary depending on where you access the platform from.

App Quality & Stability

Orca is known for its smooth, highly responsive performance on Solana—it delivers a seamless experience, with low incidence of crashes and consistent updates, drawing praise for reliability in its V2 build.

The BitMart mobile app is available for iOS and Android, offering a smooth trading experience overall; while occasional bugs or temporary crashes occur, regular updates aim to enhance stability and add new features.

Experience, Performance & Ecosystem

UX/UI

Orca’s interface is clean and intuitive for beginners, featuring playful visuals and straightforward navigation; it doesn’t currently provide separate “Lite” or “Pro” modes, so both newcomers and experienced users share the same streamlined experience.

BitMart provides both “Lite” and “Pro” interface modes—“Lite” is clean and beginner-friendly, while “Pro” offers deeper charts and tools—so the learning curve remains gentle and scalable whether you’re new or advanced.

Performance

Built on Solana, Orca delivers rapid execution with minimal latency, and gracefully handles market surges—its decentralized design avoids KYC queues and centralized congestion even during intense volatility.

The upgrade to Futures V2.0 halved order latency and boosted system stability and matching capabilities, delivering smoother performance even during surges, though occasional order connector quirks reported by bot users can emerge.

Education

Orca offers multilingual FAQs and guided documentation—including Spanish resources—but does not yet include a dedicated academy, demo environment, or simulator for hands-on learning or live practice.

BitMart Academy equips users with structured content from beginner to advanced levels, but there’s no live demo or simulated trading available, and Spanish-language materials are limited or mixed with machine translations.

Community

Orca maintains active, developer-friendly channels on Discord and Telegram, fostering a collaborative community; while referral programs aren’t a featured part of its offering, users benefit from strong ecosystem engagement.

BitMart supports an affiliate/referral program, and while active user groups exist on Discord or Telegram unofficially, the platform doesn’t yet operate fully centralized forums or reward-based official communities.

Integrations

Orca provides robust integration via its high-level SDKs, enabling automated trading and infrastructure use, though it doesn’t yet offer built-in links to TradingView charts, external trading bots, or tax/accounting platforms.

With full TradingView charting access via the “BITMART:” prefix, plus a robust API and WebSocket support, BitMart integrates seamlessly with external bots and tools—though tax/accounting tool partnerships remain sparse.

Who Each One Is Best For

Orca is ideal for on-chain DeFi users rooted in Solana, developers seeking modular liquidity functionality, and traders who value fast, transparent swapping—while those needing advanced charting, fiat tools, or demo environments may find it less suitable.

BitMart suits traders seeking a quick-start experience with flexible interfaces and strong third-party integrations, while developers or algorithmic traders benefit from reliable API access and TradingView support.