Bitget is a cryptocurrency exchange that offers services like spot trading, futures trading, and copy trading. It’s designed to be very user-friendly, making it accessible for both new and experienced traders. The platform supports a wide range of cryptocurrencies and offers competitive fees, contributing to its growing popularity. Bitget also prioritizes security, using measures such as two-factor authentication to protect users’ accounts.
Bitget has many advantages. It offers copy trading, which helps new traders follow and copy the moves of successful traders. It has advanced trading tools, and its interface is easy to use. The crypto exchange also supports many different cryptocurrencies.
Bitget also has some downsides. It has limited options for depositing and withdrawing fiat money, which can be a hassle for some traders. Sometimes, its legal status might be unclear in certain areas. The platform is user-friendly, but beginners might need a bit of time to get used to the advanced tools available.
In this Bitget review, we will explain what Bitget exchange is, its pros and cons, whether it is safe and legal, and the trading features it offers.
Table of Contents
Bitget Exchange Review: What is It?
- Best For: Copy Trading
- Supported Coins: 750+ trading pairs
- Trading Fees: 0.1% maker/taker
- Maximum Leverage: 125x futures contracts
- Security: 2FA, Cold Storage, Withdrawal address allow listing, Insurance Fund
- Fiat Currencies: USD, EUR, GBP, and 40+ more
- Deposit Methods: Bank transfer, credit/debit card, crypto transfer, third-party fiat on and off-ramps
Bitget is one of the largest derivatives trading crypto exchanges worldwide. It hosts a huge 25 million customers with daily trading volumes that surpass $10 billion.
Founded in 2018, it has been able to emerge as the biggest copy trading platform for crypto. There are currently more than 165,000 elite traders on the platform and can be copied, giving numerous trading styles to follow.
Bitget is also a great crypto exchange for day trading. You can buy cryptos directly or trade futures with leverage. Over 750 coins are available to trade, with new ones constantly being added. Other features include staking, Bitget wallet, and automated trading bots. You get various tools to make your trading experience even more interesting. Besides, Bitget offers some of the lowest fees in the market, making it a cost-effective choice for traders.
Pros
- High user activity with good liquidity and ease of use
- Low trading fees
- 750+ cryptocurrencies available for trading
- Comprehensive copy trading platform
- Reliable and fast platform
Cons
- No U.S. availability
- Advanced features may be complex for beginners
- Limited fiat deposit options in certain countries
Bitget Review: Quick Summary
| Key Point | Details |
|---|---|
| Our Rating | 4.4/5 |
| Founded | 2018 |
| Founders | Sandra Lou |
| Headquarters | Singapore |
| Type | Cryptocurrency Exchange |
| Services | Crypto Copy Trading, Spot Trading, Margin Trading, Futures Trading, Trading Bots, Staking |
| Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, 700+ more |
| Trading Pairs | Over 750 pairs |
| Native Token | BGB (Bitget Token) |
| KYC Requirement | Yes |
| Security Features | 2FA, Cold Storage, Security Audits, Protection Fund |
| Mobile App | Available (iOS and Android) |
| Fiat Support | Yes (40+ fiat currencies) |
| Customer Support | 24/7 Live Chat, Email Support, Support Center |
| Regulatory Compliance | Yes (Compliance with Local Laws) |
| Educational Resources | Bitget Academy, Bitget Blog, Learn2Earn, and more |
| Restricted Countries | Afghanistan, Canada (Alberta), Hong Kong, Iran, Iraq, North Korea, Netherlands, Singapore, The United States, and Yemen. |
Bitget Exchange Key Features Explained
Bitget Copy Trading
Bitget copy trading lets you follow experienced traders and automatically copy their trades. This way, you can benefit from their expertise without having to trade yourself.
Here is a simple overview of how it works:.
First, you find a top trader by looking at how well they’ve done. You can check their return on investment (ROI), win rate, and the number of followers. This helps you choose the right trader for you.
After picking a trader, you can start copying their trades. Bitget has different ways to do this, like “smart copy.” With smart copy, your investments and risks match the trader’s.
For example, if a trader uses 10% of their money in a trade, the same percentage of your money will be used. This helps manage risk and keeps your investments in line with the trader’s plans.
Bitget also lets you set rules for each trade, like take-profit and stop-loss levels. This gives you some control over how trades happen, even while following another trader’s strategy.
You can easily manage your copied trades. From the home page, you can check on your positions, close them when needed, or make changes manually.
For experienced traders, Bitget offers a chance to earn extra money by sharing their trades. As a trader, you can apply to be listed on the platform and earn up to 10% of the profits made by your followers.
Bitget Trading Bots
In our Bitget review, we found that it offers different trading bots to help you trade cryptocurrencies automatically. These bots work 24/7, following set rules and market conditions. Trading bots are great for both beginners and advanced traders because they handle complex market signals and strategies, making trading easier for everyone.
The exchange provides several types of trading bots. The grid trading bot buys and sells assets within a set price range, making money from small price changes. The trend trading bot identifies market trends and trades accordingly. The market-making bot helps keep the market active by placing buy and sell orders at specific prices.
Using these bots, you can avoid emotion-driven decisions and take advantage of market opportunities even when you’re not watching the markets. You can create a bot by choosing the asset, setting an AI bot, or providing parameters manually. After that, you set an investment amount.
Bitget Perpetual Futures Trading
Bitget offers different futures trading options for experienced traders, such as USDT Margin futures and practice versions. These allow you to trade with borrowed money, which can multiply your gains (and losses) up to 125 times, depending on the coins you trade.
There are two main ways to use your assets as collateral:
- Cross-margin mode: All your funds in futures are combined to prevent losses from one trade wiping out your whole account.
- Isolated-margin mode: Each trade uses its own funds, so a losing trade won’t impact your other trades.
You can also decide how you want to buy or sell:
- Set Price (Limit): Buy or sell at a specific price you choose.
- Market Price (Market): Buy or sell at the current market price.
- Trailing Stop: Automatically sell if the price drops a certain amount from where you bought it.
- Hidden Order (Trigger/Post Only): Your order only goes through if the price reaches a certain point first.
The charts are created by TradingView, so they have many features. It’s also easy to see your margin ratio, account info, futures details, and analysis tools, all on the side of the screen.
What are the Bitget Trading Fees and Limits?
Cryptocurrency exchanges charge different fees based on how traders affect the market’s liquidity. Traders who add liquidity by placing orders on the order book are called makers and get lower fees. Traders who remove liquidity by fulfilling existing orders are called takers and pay slightly higher fees.
The specific maker and taker fee rates depend on the type of crypto trading you do. Here’s a breakdown for Bitget:
- Spot Trading: Makers pay 0.1% and takers pay 0.1%.
- Futures Trading: Makers pay 0.02% and takers pay 0.06%.
The exchange encourages using its native token, BGB, by giving a 20% discount on both maker and taker fees if you use BGB to pay your trading fees.
| VIP Level | Trading Volume (30D) | BGB Holdings | Maker Fee / Taker Fee | Discounted Maker Fee / Taker Fee (20% off with BGB) | Withdrawal Limits |
|---|---|---|---|---|---|
| VIP 0 | – | – | 0.100% / 0.100% | 0.080% / 0.080% | 3,000,000 USD |
| VIP 1 | > 500,000 | > 30,000 | 0.080% / 0.080% | 0.064% / 0.064% | 4,000,000 USD |
| VIP 2 | > 2,000,000 | > 50,000 | 0.065% / 0.070% | 0.052% / 0.056% | 6,000,000 USD |
| VIP 3 | > 8,000,000 | > 250,000 | 0.050% / 0.060% | 0.040% / 0.048% | 8,000,000 USD |
| VIP 4 | > 30,000,000 | > 750,000 | 0.040% / 0.050% | 0.032% / 0.040% | 10,000,000 USD |
| VIP 5 | > 50,000,000 | > 2,000,000 | 0.030% / 0.040% | 0.024% / 0.032% | 12,000,000 USD |
| VIP 0 | > 75,000,000 | – | 0.025% / 0.035% | 0.020% / 0.028% | 15,000,000 USD |
| VIP 6 | > 100,000,000 | – | 0.020% / 0.032% | 0.016% / 0.0256% | 18,000,000 USD |
You can check the full Bitget fee structure here.
Deposit and Withdrawal Fees
The good news is that depositing cryptocurrency into your Bitget account costs nothing. Crypto withdrawal fees vary and depend on the network. These fees are also called “Gas Fees.”
| Coin | Network | Withdrawal Fee | Min. Withdrawal |
|---|---|---|---|
| BTC | BTC | 0.0005 | 0.002 |
| BGB | ERC20 | 2 | 50 |
| BGB | BEP20 | 0.3 | 10 |
| USDT | SOL | 1 | 30 |
| USDT | Optimism | 0.2 | 10 |
| ETH | Optimism | 0.0003 | 0.001 |
Bitget Payment Methods
Bitget also offers several ways to buy cryptocurrency with fiat money. Here’s how you can do it:
- Credit and Debit Cards: Use your VISA, MasterCard, Discover, or other bank card. Keep in mind that your card issuer might charge fees.
- E-Wallets: Apple Pay and Google Pay let you buy crypto directly from your phone.
- Third-Party Payment Providers: Bitget works with several providers like Banxa, Simplex, Mercuryo, and AlchemyPay. While Bitget doesn’t charge fees for these services, the providers might, so check their terms first. When you buy using one of these providers, you’ll be briefly redirected from the Bitget website to complete the transaction.
Is Bitget a Safe and Legit Crypto Exchange?
Bitget has a Protection Fund worth over $420 million. This fund holds 6,500 BTC and acts as a safety net for users’ assets in case of unexpected events. The fund’s assets are kept in publicly viewable crypto wallets to build trust and transparency.
Bitget also provides monthly Proof of Reserves (PoR) updates, showing a reserve ratio of over 150%, which is higher than the industry standard. This ensures they have enough funds to back customer deposits.
The PoR updates are done every month to maintain a 1:1 reserve ratio for user funds. They also offer an open-source tool called “Merklevalidator” that allows users to check platform assets independently.
In addition, Bitget prioritizes user asset security by storing a significant portion of their digital assets in secure, offline, multi-signature wallets. This practice helps reduce the risk of hacking and unauthorized access.
Talking about licenses and compliance:
- Bitget’s registration as a Virtual Asset Service Provider (VASP) in Poland is a big step in its European expansion.
- Additionally, their registration in Lithuania shows their commitment to following digital asset laws, strengthening their global presence and reputation.
We also found in this Bitget review that the exchange supports 2FA, anti-phishing codes, withdrawal address listing, and setting withdrawal limits as needed.
Does Bitget Requires KYC?
Bitget requires Know Your Customer (KYC) procedures to improve security. This includes verifying identity and address using advanced eKYC technology, like facial recognition.
This reduces fraud and makes user verification easier, balancing security and user experience.
Bitget VIP levels have different daily withdrawal limits based on identity verification status:
Higher VIP levels (v2 to v5) with identity verification level 1 have daily limits ranging from 6 million USDT to 15 million USDT.
For incomplete identity verification, the limit is 20,000 USDT per day and 100,000 USDT per month.
With identity verification level 1, the daily limit increases to 3 million USDT.
| VIP Level | Unverified Users | KYC Verified Users |
|---|---|---|
| v0 | Daily withdrawal limit: 20,000 USDT; monthly withdrawal limit: 100,000 USDT | Daily withdrawal limit: 3 million USDT |
| v1 | – | Daily withdrawal limit: 6 million USDT |
| v2 | – | Daily withdrawal limit: 8 million USDT |
| v3 | – | Daily withdrawal limit: 10 million USDT |
| v4 | – | Daily withdrawal limit: 12 million USDT |
| v5 | – | Daily withdrawal limit: 15 million USDT |
Bitget Customer Support and User Reviews
Bitget offers several ways to connect with customer support:
- Live Chat: You can access live chat on Bitget’s website by clicking the “Help” button in the bottom right corner.
- Email: You can send an email to Bitget’s support team at support@bitget.com. Include clear details about your issue for faster help.
- Help Center: Bitget has a Help Center and Academy with resources that might answer your questions. You can search for articles or browse by topic.
Some users praise Bitget’s customer service for being responsive and helpful. They mention that the support team quickly addresses issues and offers guidance, which is reassuring for new crypto traders.
However, some users report slow response times or difficulty reaching support.
The Bitget platform has a 1.8/5 rating on Trustpilot. However, many of these ratings are suspected to be fake, similar to cases with Bybit, Binance, and KuCoin.
Best Bitget Alternatives
Bybit and KuCoin are the best Bitget alternatives. Here is a quick Bitget vs Bybit and Bitget vs KuCoin Comparison.
Bybit (Best For Derivatives Trading)
- Top Features: Perpetual futures contracts, Staking, Launchpool, ETPs, Spot trading
- Supported Coins: 1200+ coins and tokens
- Trading Fees: 0.02% for maker and 0.055% taker fee for futures contracts
- Deposit methods: Bank card, Google Pay, Apple Pay, SEPA, FPS, and 300+ more
KuCoin (Best For New Altcoin Trading)
- Top Features: Spot, Futures, Margin, Trading bots, and P2P Trading
- Supported Coins: 700+ including new altcoins
- Trading Fees: 0.1% maker/taker
- Deposit methods: Visa, Mastercard, SEPA, UPI, Faster Payment System (FPS), and 70+ more
How to Get Started on Bitget to Buy and Sell Crypto?
Step 1: Create a Bitget Exchange Account
To start using Bitget, you need to create an account. Go to the official Bitget website. On the homepage, find the “Sign Up” button at the top right corner and click on it. You will be taken to the registration page.
Here, you need to provide your email address and create a password. You can enter our Bitget referral code “tpck” to get a $1000 worth of USDT signup bonus.
After entering these details, click on the “Sign Up” button again. A verification email will be sent to your email address. Open this email and click on the verification link to complete the registration process.
Step 2: Complete ID Verification
After registering, it is important to improve the security of your account. Log in to your Bitget account and go to the “Account & Security” section. You can find this by clicking on your profile icon at the top right corner and selecting “Account & Security” from the dropdown menu.
Next, enable two-factor authentication (2FA) by following the on-screen instructions. Download a 2FA app like Google Authenticator and scan the QR code provided. Enter the code from the app to finish the setup. This step greatly improves your account security. You will also need to complete KYC verification.
Step 3: Deposit Cryptocurrency or Bitcoin on Bitget
To start trading, you need to add funds to your Bitget account. On the Bitget dashboard, click on the “Assets” tab at the top of the page. Under the “Assets” section, click on “Deposit.”
Choose the cryptocurrency you want to deposit from the list. A unique deposit address will be generated for you. Copy this address and use it to transfer funds from your external wallet or another exchange. Double-check the address to avoid any mistakes.
You can also deposit regular money (fiat) using P2P trading, credit cards, debit cards, and other third-party payment providers. Just go to the “Buy Crypto” section and choose your deposit method.
Step 4: Bitget Trading Interface, Order Book, and Order Types
Once your funds are deposited, you can start trading. To access the trading interface, click on the “Spot” or “Futures” tab at the top of the page, depending on your trading preference. The trading interface has many tools and charts.
On the left, you’ll find the order book, showing current buy and sell orders. In the center, you’ll see the price chart, which you can customize with different time frames and indicators. On the right, you’ll find the order entry panel, where you can place your buy or sell orders.
Step 5: Place a Trade and Buy Cryptocurrency
To place a trade, go to the order entry panel on the right side of the trading interface. You will see options for “Limit,” “Market,” and “Stop-Limit” orders.
For a basic market order, select “Market.” Enter the amount of cryptocurrency you want to buy or sell. Review your order details and click on the “Buy” or “Sell” button to execute the trade. Your order will be processed immediately at the current market price.
Step 6: Withdrawing Crypto from Bitget
When you want to withdraw funds from your Bitget account, go to the “Assets” section and click on “Withdraw.” Choose the cryptocurrency you want to withdraw. Enter the destination wallet address and the amount to withdraw.
Confirm the details, then click on the “Withdraw” button. You may need to complete a security check, like entering a 2FA code, to finish the withdrawal.
Final Verdict on Bitget Review
To conclude our Bitget review, it has become one of the major crypto exchanges by offering a wide range of trading options for all experience levels.
Additionally, Bitget’s latest ventures, like the BGB token airdrop and the Bitget Card, show their aim to expand the use of cryptocurrencies in real-life activities.
FAQs
What is Bitget Wallet?
Bitget Wallet is your secure digital wallet to hold, manage, and trade cryptocurrencies. It supports thousands of cryptocurrencies, offering a convenient and safe way to manage your virtual assets. Its advanced security features protect your funds, using MPC technology with two-factor authentication.
You can link it to over 100+ DeFi apps, including decentralized exchanges and NFT platforms. This is the entire Bitget Web3 ecosystem, with NFTs, a non-custodial wallet, and PoS staking through DeFi platforms.
What are Bitget minimum deposit amount and withdrawal times?
The minimum deposit amounts on Bitget vary depending on the cryptocurrency you want to deposit, but they are generally quite low. Withdrawal times also depend on the cryptocurrency and the current state of the network. Typically, withdrawals are processed within a few minutes to a few hours.
Is Bitget P2P trading free?
Bitget’s P2P (peer-to-peer) trading is free. You can trade cryptocurrencies directly with other users without any trading fees i.e. (0% fees).
What is Bitget Launchpool & Launchpad?
Bitget Launchpool and Launchpad are designed to support new cryptocurrency projects:
- Launchpool: Stake your tokens to earn rewards in new project tokens.
- Launchpad: Allows new projects to sell their tokens, giving you a chance to invest early.
Both platforms encourage innovation in the crypto space and provide you with the opportunity to get involved in new, promising projects.
How to earn passive income using Bitget Earn?
Bitget Earn offers several ways for you to earn passive income with your cryptocurrencies:
Yield Farming and Liquidity Mining: Provide liquidity to earn returns.
Staking: Lock up your tokens to support blockchain operations and earn rewards.
Savings Accounts: Earn interest over time (up to 10% APY).
What Cryptos Can You Trade on Bitget?
You can trade 750+ cryptocurrencies on Bitget. Major coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are available. You can also trade many altcoins, including popular ones like Cardano (ADA), Solana (SOL), and Polkadot (DOT). Bitget continuously adds new cryptocurrencies to give you more trading options.
Does Bitget have a Mobile App?
Bitget has a mobile app available for iOS and Android devices. The app is a full-featured version of the Bitget platform, providing trading, wallet management, and market analysis capabilities. You can trade and keep track of your investments on the go with this user-friendly app. It also includes advanced security features to protect your account and funds.
Does Bitget offer an Affiliate Program and Signup Rewards?
Bitget offers an affiliate program and signup rewards. By joining the affiliate program, you can earn commissions by referring new users to the platform. You receive up to 100% of the trading fees generated by your referrals. Additionally, Bitget provides signup rewards for new users who sign up using the referral code “tpck,” often in the form of bonus tokens or discounts on trading fees.
What is Bitget token BGB?
BGB is Bitget’s native utility token. You can use it within the Bitget ecosystem for various purposes, including trading fee discounts, staking, and participation in exclusive events and promotions. Holding BGB provides additional benefits on the platform, such as higher referral bonuses and access to special features.
Can I Use Bitget in the USA?
No, you can’t use Bitget if you are in the USA. Regulatory restrictions prevent Bitget from offering its services to U.S. residents. If you’re in the USA, you should look for alternative U.S. cryptocurrency exchanges that comply with local regulations, such as Coinbase and Binance.US.
Is Bitget good for beginners?
Bitget is great for beginners. The platform has a user-friendly interface and offers educational resources to help you learn cryptocurrency trading. Bitget provides tutorials, guides, and customer support to help you navigate the platform. You can also use demo accounts to practice trading without risking real money.
Is Bitget better than Binance?
Bitget is a relatively small crypto exchange with a user-friendly interface, strong security features, and various trading options. Binance, on the other hand, is known for its large user base of over 250 million, advanced trading features, and high liquidity and trading volume.
If you want a broad selection of altcoins, you might prefer Bitget. If you want high liquidity and zero price slippage, Binance is a better choice.
