Choosing the right cryptocurrency exchange can feel challenging. You may find it tough to compare popular platforms like Bitget and Binance.
Binance started in 2017. It is known for its wide range of features, high liquidity, and a large user base of over 210 million. In contrast, Bitget, launched in 2018, offers more than 847 cryptocurrencies. It also has easy-to-use copy trading tools and focuses on emerging markets.
This comparison of Binance and Bitget will help you decide which platform suits you best. We will consider fees, supported cryptocurrencies, payment options, and security measures.
Quick Verdict: Bitget stands out over Binance. It offers more cryptocurrencies, advanced copy trading tools, and a user-friendly interface. This makes it ideal for retail traders. Binance, on the other hand, provides high liquidity, advanced trading features, and markets for institutional investors.
Table of Contents
Binance vs Bitget: Key Differences
- Security: Both exchanges prioritize security. Binance has a $1 billion SAFU fund. Bitget offers a $400 million protection fund and has never faced hacking incidents. In contrast, Binance has experienced breaches. (Winner: Bitget)
- Supported Coins: Bitget leads with 847 cryptocurrencies, while Binance has 400 coins. (Winner: Bitget)
- Fees: Bitget typically provides lower trading and withdrawal fees, appealing to high-volume traders. (Winner: Bitget)
- Payment Methods: Binance offers over 800 peer-to-peer (P2P) payment methods, far more than Bitget’s 150+ options. (Winner: Binance)
- User Experience:Binance is better for experienced traders with advanced features. Bitget, however, offers a user-friendly interface and excellent copy trading tools. (Winner: Binance)
- Trading Features: Binance offers options contracts, leveraged tokens, Binance Pay, and NFT marketplace. Bitget is great for beginners. It has a wide coin selection, up to 125x leverage, and easy copy trading options.
 Binance |
Our Recommended Bitget | |
|---|---|---|
| Launched Date | July 2017 | July 2018 |
| Founders | Changpeng Zhao | Gracy Chen |
| Key Features | Spot trading, futures (USDT, USDC, and inverse perpetual), margin trading, bots, API services, launchpad, staking, P2P trading, and Binance Pay | Spot, futures, margin, copy trading, P2P trading, fiat OTC market, trading bots, earn services, Web3 Bitget wallet, and Launchpad |
| Supported Coins | 400+ | 847+ |
| Fiat Currencies | EUR, GBP, BRL, and +8 more | USD, EUR, GBP, and +12 more |
| Trading Fees | 0.1% maker/taker | 0.1% maker/taker |
| KYC Mandatory | Yes | Yes |
| Minimum Deposit |
Crypto: $0 Fiat credit/debit cards: US$10 |
Crypto: 0.1 USDT Fiat credit/debit cards: US$10 |
| Maximum Leverage |
125x for BTC and ETH 75X for low cap altcoins |
125x for BTC and ETH 100X for altcoins |
| Insurance Fund | (SAFU: $1 billion) | (Bitget protection fund: 6,500 BTC) |
| Customer Support | Support Center, Live chat, E-mail | Support Center, Live chat, E-mail |
| Withdrawal Limits |
No-KYC: Not allowed KYC 1: 8 Million USDT |
No-KYC: 20,000 USDT per day KYC: 1 Million USDT |
| Active User Base | 210 million users | 20 million users |
| Advanced Charting Tools | ||
| Supported Countries | 100+ | 190+ |
| Restricted Countries | the United States, the Chinese Mainland, Hong Kong, Singapore, Canada, France, the United Kingdom, North Korea | Afghanistan, Canada (Alberta), Hong Kong, Iran, Singapore, The United States, etc. |
| Read More… | Binance Review | Bitget Review |
Pros and Cons of Binance and Bitget
Binance and Bitget Platform: Key Features
| Binance | Bitget | |
|---|---|---|
| Spot Trading | Yes | Yes |
| Futures Trading | USDT, USDC, and inverse perpetual contracts | USDT-M, USDC-M, and Coin-margined contracts |
| Margin Trading | Yes (up to 10x leverage) | Yes (10x for isolated margin and 3x for cross margin) |
| Options Trading | Yes | – |
| Copy Trading | Yes (Relatively new) | Yes |
| Leveraged Tokens | Yes | – |
| P2P Trading | Yes (8 crypto, 100+ fiat, and 800+ payment methods) | Yes (7 coins, 50+ fiat, and 140+ payment methods) |
| Crypto-to-Crypto Convert | Yes | Yes |
| Trading Bots | Spot and futures grid, arbitrage bot, rebalancing, algo order, auto-invest, TWAP, and DCA | spot grid, futures grid, smart portfolio, martingale, DCA, Quant bots, and signal bot |
| Earn Services | Yes | Yes |
| NFT Marketplace | Yes | Yes |
| Web3 Ecosystem | Yes | Yes (Bitget Wallet, DeFi Swap) |
| Crypto Debit Card | Binance card (EEA countries not supported) | – |
| APIs | Yes | Yes |
| Mobile App | Available for iOS and Android | Available for iOS and Android |
| User-Interface | Advanced, customizable | Intuitive, easy-to-use |
Who is Binance Right For?
Binance crypto trading exchange is best for –
- High Liquidity and High-Volume Traders: Binance works well for traders who seek deep liquidity and high trading volumes. With billions in daily transactions, it allows large orders to be filled quickly and with low price slippage. This makes Binance a top choice for day trading.
- Options Traders: Binance supports options traders with European-style options. This enables various strategies to manage risk and boost profits. It’s especially good for traders looking to hedge their positions or speculate on market changes.
- Institutional and Professional Traders: Binance offers advanced trading tools like API integrations, detailed charts, and various order types. It’s designed for institutional and professional traders. With quick execution and many trading pairs, it ensures reliability for these users.
Who is Bitget Right For?
Bitget crypto trading platform is generally best for –
- Traders Focused on New and Low-Cap Altcoins: Bitget lists many new and low-cap cryptocurrencies. This attracts traders looking for high-risk, high-reward chances in emerging markets.
- Copy Traders: Bitget has a strong copy trading system. Users can follow and automatically copy the trades of experienced traders. This helps beginners or those who want exposure to expert strategies without active management.
- Users Preferring a Beginner-Friendly Mobile App: Bitget’s mobile app is easy to use. It has a simple interface, educational resources, and a demo mode. This makes it perfect for newcomers to cryptocurrency trading.
Related article: Bitget vs Kucoin
Supported Cryptocurrencies and Types
Bitget supports a larger selection of cryptocurrencies than Binance. It offers trading in over 847 coins worldwide. This includes major coins like Bitcoin and Ethereum, plus many altcoins, DeFi tokens, and lesser-known assets.
Binance, while competitive, supports around 400 coins. It focuses more on popular assets and some unique tokens meant for derivatives trading.
Bitget offers a wider range of options. This attracts a broad audience, from casual traders to those looking for niche coins. In contrast, Binance has a more streamlined selection for futures and spot market traders.
Winner: Bitget supports more coins than Binance (847 vs. 400).
Binance vs Bitget: Regulatory Compliance
| Binance | Bitget | |
|---|---|---|
| U.S. Regulated | ||
| VARA | Yes | |
| FINRA Protection | ||
| Other Licenses | DASP in France, VARA in Dubai, VASP in Lithuania, and 20+ more (check details) | VASP in Poland and Lithuania |
Binance Fees vs Bitget Fees Comparison
| Binance | Bitget | |
|---|---|---|
| Spot Trading Fees | 0.1% maker/taker (25% BNB discount) | 0.1% maker/taker (20% discount with BGB token) |
| Futures Fees (Vip 0 users) | 0.02% maker and 0.05% taker | 0.02% maker and 0.06% taker |
| Options Fees | 0.3% maker/taker | – |
| P2P Transaction Fees | Free | Free |
| Debit/Credit Card Purchase Fee | No fees | No fees |
| Account Opening Fee | 0% | 0% |
| Deposit Fee | 0% | 0% |
| Bank Transfer Withdrawal Fee | Up to $10 | 1 EUR for SEPA transfer |
| Debit/Credit Card Withdrawal Fee | 4.5% | N/A |
| Bitcoin (BTC) Withdrawal Fee | 0.0001 BTC (Bitcoin network) | 0.00008 BTC (Bitcoin network) |
| Ethereum (ETH) Withdrawal Fee | 0.0012 ETH (ERC20 network) | 0.0016 ETH (Ethereum network) |
Binance VIP Fees
Binance’s VIP fee structure rewards high trading volumes and BNB holdings. This results in lower fees for spot and futures trading.
Spot Trading: At VIP level 0, fees are 0.10% for both makers and takers. At the top level, 9, fees drop to 0.012% for makers and 0.024% for takers.
Futures Trading: Makers pay 0.02% and takers pay 0.05% at level 0. At level 9, these rates decrease to 0.0000% for makers and 0.0170% for takers.
For more details, check out Binance VIP Fees.
Bitget VIP Fees
For spot trading on Bitget, non-VIP users face maker and taker fees starting at 0.10%. These fees decrease as trading volume increases. At the highest VIP tier, maker fees drop to 0.02%, and taker fees go to 0.032%.
In futures trading, fees also decline based on trading activity. At the top VIP level, maker fees can be as low as 0.0072%. Taker fees drop to 0.028%. For more details, check the full Bitget fee structure.
Winner: Bitget has lower trading and withdrawal fees than Binance.
Earn Passive Income and Rewards
| Binance | Bitget | |
|---|---|---|
| Fixed-Term Staking | Up to 16% of APY | Up to 21% of APY |
| Flexible-Term Staking | Up to 150% APR on 7-day, 14-day, and 30-day locking periods | Up to 180% APR for locking |
| Mining Pool | Yes | No |
| Structured Products | Dual investment | Dual Investment, Smart Trend, Shark Fin |
| Crypto Loans | Yes | Yes |
| Signup Bonuses | 1000 USDT worth of rewards | 1,000 USDT in rewards |
Check out our Binance referral code and Bitget referral code for sign-up rewards and trading fee rebates.
Binance vs Bitget: Security measures
| | |
|---|---|---|
| 2FA | ||
| Withdrawal Address Allowlisting | ||
| Restrict Withdrawal Limits | ||
| SSL Encryption | ||
| KYC & Anti-Money Laundering (AML) protocols | ||
| Regulatory Licenses | (highly regulated) | |
| User Protection Fund | ($1 billion) | ($400 million) |
| Past Hacking Incidents | ($570 million worth of BNB hacked, user funds were safe) | (no Incidents so far) |
Payment Methods Compared
Binance vs Bitget: Deposit Methods
| | |
|---|---|---|
| Bank Transfer | ||
| Credit/Debit Card | ||
| Apple Pay and Google Pay | ||
| Crypto Deposits | ||
| Third-Party Payment Processors | GPay (Google Pay), PhonePe, PayPal, Mercuryo, Simplex, Banxa, and more | Mercuryo, Banxa, Alchemy Pay, GEO Pay (Swapple), Onramp Money, and more. |
| P2P Deposit Methods | 800+ | 150+ |
Binance vs Bitget: Withdrawal Methods
| | |
|---|---|---|
| Bank Transfer | ||
| Credit/Debit Card | ||
| Apple Pay and Google Pay | ||
| E-Wallets | ||
| Crypto Withdrawals | ||
| Third-Party Withdrawals |
Final Verdict
In the Binance vs. Bitget comparison, both platforms have unique strengths for different traders. Binance excels with high trading volume, deep liquidity, and advanced trading options. This makes it ideal for experienced traders.
Bitget, on the other hand, offers a wide range of cryptocurrencies and low fees. This attracts users looking for variety and cost savings. If you prefer a simple, user-friendly interface and diverse altcoin options, Bitget is a great choice.
Ultimately, your decision will depend on your trading style and experience. If you want advanced features and high liquidity, Binance may be better for you. For more crypto insights, check out our detailed comparison of Bybit vs. Bitget exchanges.
FAQs
Which is a better crypto exchange, Binance or Bitget?
Binance is recognized for its unmatched liquidity and trading volume. It offers options like spot, futures, margin trading, options contracts, and staking. Its low fees and advanced trading charts make it suitable for both new and seasoned traders.
In contrast, Bitget stands out with its simple interface. It has strong copy trading tools and low fees, especially for futures, often beating Binance on price. Bitget emphasizes community features and safety. It uses Proof of Reserves (PoR) and has a special protection fund. These elements boost its appeal.
Which exchange offers more trading pairs and higher liquidity?
Binance has about 1,200 trading pairs and supports over 400 cryptocurrencies. This makes it one of the largest exchanges by trading variety.
Bitget, however, has around 1,600 trading pairs and supports about 847 coins. Bitget now offers more trading options and access to many cryptocurrencies.
Even though Bitget offers more trading pairs, Binance usually has higher liquidity. Its bigger user base and trading volume let it handle large trades with little price slippage.
Bitget has more trading pairs than Binance. However, Binance provides higher liquidity and trading volume.
Which offers a better user experience, Binance or Bitget?
Binance’s platform is strong, with many features. It offers advanced trading options. There’s also an NFT marketplace. You can find investment opportunities like staking and savings.
These features can help experienced users, but they might overwhelm beginners. In contrast, Bitget emphasizes simplicity and user engagement. It has a simple interface. Users can follow successful traders by using copy trading.
Bitget also focuses on user education and community. Its responsive customer support improves the experience, especially for new traders.
To sum up, if you want a platform packed with features and easy to use, Binance might be the better choice. But if you value ease of use and beginner-friendly options, Bitget stands out.
Are Binance and Bitget available in the US?
Binance runs a separate platform called Binance.US. It meets US regulations but has fewer features and trading pairs than the global Binance. This difference is due to stricter rules in the United States.
Bitget is not available for US users because of these regulations. As a result, US-based traders cannot legally use its services.
For US residents, Binance.US may be the best and often the only choice for compliant crypto trading.
