NFTs

Trading Features, Fees, and Security

18 Mins read

Bitget is listed among the top crypto exchanges in terms of trading volume and liquidity, according to CoinMarketCap. If you’re also seeking a crypto trading platform with comprehensive features, you should definitely check it out. In this Bitget review, we will cover its pros and cons, fees, security measures, and trading features.

Key Takeaways:

  1. Bitget is a crypto exchange where you can buy and sell cryptocurrencies, with features like copy trading to learn from others and demo trading to practice before using real money.
  2. The exchange offers crypto advanced trading features like leverage trading, P2P trading, margin trading, staking services, and Web3 ecosystem.
  3. Bitget charges fees of 0.1% for both makers and takers in spot trading, and in futures trading, it’s 0.02% maker and 0.06% taker.
bitget-token-new-bgb-logo

Bitget Review: Quick Summary

Types

Crypto Exchange

Year Founded

2018

Founder

Sandra Lou

Supported Countries

100+ (excluding Canada, Singapore, and the US)

Number of Supported Cryptocurrencies

750 crypto tokens and 870 trading pairs

Types of Trading

Spot Trading, Margin Trading, Futures, Copy Trading, P2P Trading, Demo Trading, etc.

Fiat Currencies Supported

USD, EUR, BRL, INR, GBP, etc.

Deposit Methods

Bank transfer, Visa and Mastercard, Apple Pay, Google Pay, etc.

Trading Fees

  • Spot: 0.1% maker/ taker
  • Futures: 0.02% maker and 0.06% taker

Deposit and Withdrawal Fees

No

Staking Options

Fixed/flexible savings, BGB staking, structured products like dual investment, SharkFin, and Range Sniper

NFT Marketplace

Yes

DeFi Features

Bitget Wallet, DApps, and Swaps

Security Measures

2FA, cold storage, protection fund, PoR data, anti-phishing code, address whitelisting, and more

Customer Support Channels

Live chat, email, support ticket system

Mobile App

Android and iOS

What is Bitget?

Founded in 2018, Bitget is a global crypto exchange with over 25 million registered users worldwide. It is available in 100+ countries excluding Canada and the United States. The platform has partnered with prominent figures like footballer Lionel Messi and organizations like Juventus Football Club to enhance brand recognition and attract new users.

That being said, let’s discuss its background. The story of Bitget begins in 2015 when a team with a traditional finance background, led by founders Sandra Lou and Gracy Chen, became intrigued by blockchain technology after exploring the Bitcoin whitepaper. This fascination with crypto’s potential led to the official founding of Bitget in 2018.

Since then, the exchange has over $10 billion daily trading volume and has become the #1 copy trading platform. While copy trading is a core feature, Bitget offers a comprehensive suite of services for various crypto needs. You can buy and sell over 750 popular cryptocurrencies, including BTC, ETH, USDT, USDC, BGB, and many more, through spot and futures trading.

For those looking for more automated trading solutions, Bitget provides AI-powered trading bots. They can execute trades based on pre-defined parameters. Additionally, the platform features a Launchpool and Launchpad. This allows access to new and exciting cryptocurrency projects.

About security, the platform has a $350 million emergency insurance reserve. Additionally, Bitget publishes monthly Merkle Tree proofs, platform reserve audits, and reserve ratios to promote transparency.

Pros of Bitget

  • Over 750 coins and tokens available for trading including many new altcoins
  • It includes options like staking, launchpad participation, and savings products, providing ways to potentially grow your holdings passively
  • Robust copy trading platform with over 130,000 elite traders
  • It supported over 140+ fiat currencies for easy deposits and withdrawals
  • Advanced order types for experienced traders like trailing stop-loss and iceberg orders

Cons of Bitget

  • Not available in major financial hubs like Canada and the United States
  • Advanced trading features like high leverage and margin trading can be daunting for beginners

Bitget Crypto Trading Features Explained

Spot Trading

Bitget offers a spot market for the instant buying and selling of cryptocurrencies. The spot market has over 750 digital assets for trading and 870+ trading pairs. Currently, the Bitget spot market offers three different types of trading pairs:

  1. Stablecoin pairs (USDT or USDC): In this, cryptocurrencies can be bought with stablecoins. For example, you will find BTC/USDT, ETH/USDC, and SOL/USDC pairs.
  2. Cryptocurrency Pairing (BTC or ETH): This type of trading involves pairing different cryptocurrencies, like Bitcoin (BTC) or Ethereum (ETH) for direct exchange. Traders can buy BTC with ETH or vice versa. You will find trading pairs like BTC/ETH, SOL/BTC, ATOM/BTC, etc. This allows for a wide range of trading strategies based on the fluctuating values of these cryptocurrencies.
  3. Fiat pairs (EUR, USD, and more): Fiat pairs enable users to trade cryptocurrencies directly with traditional fiat currencies like Euro (EUR) and US dollars (USD). This offers easy entry into the cryptocurrency market for users who prefer to use their local currency.

Plus, Bitget offers various order types to suit your trading strategies:

  • Market Order: This is the simplest order type. You instruct Bitget to execute your trade immediately at the best available market price. It prioritizes speed over price, ensuring your order fills quickly.
  • Limit Order: Here, you specify the target price at which you want to buy or sell a coin. Your order remains pending until the market price reaches your set price. This offers more control over the execution price but potentially delays the trade. For instance, the current BTC price is $65,000, but if you want to buy it at $60,000, then you can place this order.
  • OCO Order (One-Cancels-the-Other): This advanced order type combines two orders – a limit buy and a limit sell – placed simultaneously. If one order gets filled, the other gets automatically canceled. This helps manage potential losses by setting both entry and exit points for your trade.
  • Trigger Order: A trigger order becomes active only when a specific price condition is met. For instance, you can set a buy order to trigger if the price rises above a certain level (let’s say 20%). This is useful for automating entries and exits based on price movements.
  • Take Profit (TP)/Stop Loss (SL): These are conditional orders placed alongside your main order to automatically lock in profits or minimize losses. A TP order sells your coin when it reaches a desired profit level, while an SL order automatically sells your coin if the price falls below a set limit.
  • Trailing Stop: It automatically adjusts your stop-loss price as the market price moves favorably. For example, with a trailing stop set at 10% below the market price, the stop price automatically rises as the market price increases, but it remains fixed if the price falls. This helps lock in profits while offering some protection against price drops.

Futures Trading

Bitget lets you trade futures contracts, which are essentially agreements to buy or sell a cryptocurrency at a specific price in the future. This allows you to speculate on whether the price of a cryptocurrency will go up or down. Bitget offers up to 125x leverage for futures trading.

This means you can take a larger position than your initial investment. This can magnify your potential profits if the market moves in your favor (or losses too).

bitget-token-new-bgb-logo

Here’s the breakdown of the leverage offered by Bitget:

  • Bitcoin (BTC): Up to 125x leverage
  • Ethereum (ETH): Up to 100x leverage
  • Other cryptocurrencies like SOL, MATIC, ADA, DOGE, etc. (Altcoins): Up to 50x leverage

On top of that, Bitget boasts a wide selection of over 200 different futures contracts. Now, let’s discuss about different types of futures markets available on Bitget:

  1. USDT-M Futures: These are perpetual futures contracts settled in Tether (USDT), a stablecoin pegged to the US dollar. They have no expiry date, so you can hold them for as long as you want.
  2. Coin-M Perpetual Futures: Similar to USDT-M, these contracts also have no expiry. However, the settlement currency is the underlying cryptocurrency itself (e.g., BTC for Bitcoin futures).
  3. Coin-M Settled Futures: These futures contracts have a set expiry date. You’ll receive or deliver the underlying cryptocurrency upon contract expiration.
  4. USDC-M Futures: Similar to USDT-M futures, these are perpetual contracts settled in USD Coin (USDC), another popular stablecoin.

Margin Trading

Bitget also offers margin trading. This lets you trade cryptocurrencies with borrowed funds from the exchange. Imagine it like this: you put up a smaller amount of your own money (called margin) as collateral, and Bitget lends you the rest to trade with.

There are two main types of margin trading on Bitget:

  1. Isolated Margin
  2. Cross Margin

Isolated margin keeps your borrowed funds separate for each trade. So, if the price of one cryptocurrency you bet on goes down, it won’t affect the funds you borrowed for other trades. This can help limit losses but also means you might need to adjust your margin for each trade.

Cross margin, on the other hand, treats all your positions as one big pot. Any funds you borrow can be used for any of your trades. This can be useful if you want to manage your margin across different cryptocurrencies, but be careful! If the total value of your crypto holdings dips below a certain level (maintenance margin), Bitget might force you to sell some of your crypto to pay back the loan (liquidation).

The amount of borrowed funds you can get with margin trading depends on the type of margin you choose and the specific cryptocurrency you’re trading.

Generally, Bitget allows leverage of up to 3 times for cross margin and 10 times for isolated margin.

The margin requirement on Bitget for opening a new position is calculated as follows: Opening margin = (Notional value/Leverage) + Estimated opening fees

When opening a position with a margin, you’ll need to consider the initial margin. Imagine you want to buy $1000 worth of cryptocurrency with 10x leverage. In this case, the initial margin would be around $100 (calculated as $1000 divided by 10, plus any opening fees). So, you’d put up $100 of your own money and borrow the remaining $900 from Bitget.

Here’s a breakdown of some key terms you’ll encounter in Bitget’s margin trading:

  • Initial Margin: This is the minimum amount of your own crypto assets you need to deposit to open a position. It’s like a security deposit that shows you have some “skin in the game”.
  • Maintenance Margin: The minimum amount of funds (including your initial margin) that you need to maintain your position open. If the value of your holdings falls below this level (due to price drops), you’ll get a margin call.
  • Variation Margin: If the value of your position goes against you, Bitget might require you to add more funds (variation margin) to keep your maintenance margin level healthy.
  • Available Margin: This is the amount of money you have left in your margin account that you can use to open new positions. It’s your initial deposit minus the current value of your open positions.
  • Risk Margin: A buffer amount set by Bitget to help prevent liquidation. It’s the difference between the maintenance margin and the initial margin.

OTC Market

OTC stands for “Over-the-Counter”. It’s a peer-to-peer transaction model for high-volume traders or institutional traders. Let’s say, you want to buy or sell a lot of crypto. Regular exchanges might not handle big orders smoothly and resulting in price slippage. Bitget OTC market lets you negotiate transactions directly with other traders, ensuring you get the best deal without causing market chaos.

Bitget also offers a “Pre-Market” feature for OTC traders. Here, you can buy a large chunk of tokens of newly listed projects before they enter the market. Yes, this is for the “Whales”.

Convert

Bitget has a feature called “Convert” that lets you easily swap one type of cryptocurrency for another. The best part? Using Bitget Convert is completely free. There are no hidden charges or extra fees to worry about. Plus, you can swap any amount you want, as long as it’s at least ten cents (USD) worth of crypto.

P2P Trading

Bitget offers a P2P trading platform where you can buy and sell cryptocurrencies directly with other users. One of the biggest advantages of Bitget P2P is that there are zero fees for using the platform. Please note that payment providers may charge fees.

Bitget currently supports over 140 fiat currencies on its P2 market along with over 100+ payment methods. It also offers 6 cryptocurrencies for P2P trading.

For security, Bitget uses an escrow system to protect both buyers and sellers. Here’s how it works: When you place an order to buy crypto, Bitget actually holds the seller’s crypto until you confirm that you’ve paid them. Once you confirm the payment, Bitget releases the crypto to you. This way, you can be sure you’ll get the crypto you’re buying, and the seller can be sure they’ll get paid.

Copy Trading

Bitget is highly popular for its “copy trading” platform. It’s like copying the trades of other experienced traders. The Bitget copy trading portal has a pool of over 130,000 experienced traders, called “elite traders”. These traders have a proven track record and their trading activity is transparent. You, the “follower”, can browse through these traders and pick the ones whose performance you find impressive.

Bitget makes it easy to choose by showing you performance metrics on their copy trading portal. You can see a trader’s profit or loss (PnL), return on investment (ROI), AUM, copiers PnL, and other stats.

With over 650,000 followers using the platform, Bitget has facilitated a total realized PnL (profit and loss) of over $430,000,000. That’s a lot of money earned by people following the trades of experienced investors.

Once you’ve chosen a trader to copy, you can also set specific parameters for your investment. You can choose which cryptocurrencies to follow the trader in, how much money to allocate, and even set take profit (TP) and stop loss (SL) prices.

Bitget currently has three types of copy trading markets: spot, futures, and bot copy trading.

Please note that you may need to share up to 15% of your profits with your “elite trader”. Regular trading fees also apply to each trade.

Trading Bots

Bitget offers a variety of trading bots that can automate your cryptocurrency trading strategies. These bots allow you to trade 24/7 without needing to constantly monitor the market. Here are the different types of Bitget bots:

Basic Bots

  • Spot Grid Bot: Imagine you set buy and sell orders at specific prices, like rungs on a ladder. This bot automatically places those orders for you, aiming to buy low and sell high as the price goes up and down.
  • Futures Grid Bot: Similar to the Spot Grid Bot, but for futures contracts, which allow you to leverage your trades.
  • Spot Position Grid Bot: This bot is designed for volatile markets. It automatically places buy orders at regular intervals as the price goes down, aiming to buy more coins at a lower price, and then sell them when the price rises again.
  • Futures Position Grid Bot: This bot works similarly to the Spot Position Grid Bot but for futures contracts.
  • Spot Auto-Invest: The bot is great for those who want to invest in crypto regularly but don’t want to constantly check prices. You set up a fixed amount to invest at specific intervals (let’s say $100 every Monday), and the bot takes care of buying the coins for you.

Advanced Bots

  • Spot Martingale Bot: It bot follows the idea of “buying the dip”. It places small buy orders as the price goes down, averaging out your buying cost, with the expectation that the price will eventually rebound.
  • Spot CTA Bot: This bot uses short-term trading strategies to try and profit from market movements in various cryptocurrencies. These works based on signals from external technical indicators
  • Futures Quant Bot: This bot is for the most technical traders. It allows you to build your own trading models based on large amounts of market data.
  • Futures Signal Bot: This bot lets you connect your Bitget account with TradingView, a popular charting platform. You can then copy trading signals from other traders or create your own and have the bot execute them automatically.

bitget-token-new-bgb-logo

Bitget Earn Products Reviewed

Savings

Bitget offers a “Savings” feature that lets you earn interest on your cryptocurrency holdings. It currently supports over 200 different cryptocurrencies that you can earn interest on. There are two main ways to use Bitget Savings: Flexible Savings and Fixed Savings.

Flexible Savings is like a regular savings account – you can deposit and withdraw your crypto holdings at any time. This is a good option if you need quick access to your crypto, but the interest rates you earn will be a bit lower. With Flexible Savings, you can earn up to 2% APR on BTC, 3% APR on ETH, and 2.6% on SOL.

Fixed Savings is more like a fixed deposit at a bank. You choose a specific term (like 30 days or 90 days) for your deposit and lock in a higher interest rate for that period. The downside is that you can’t withdraw your crypto until the term is over. Currently, you can earn 7.2% APR on USDT.

Staking

Bitget Staking offers another way to earn rewards on your crypto holdings, but it’s a bit different from Savings. Here are some of the options available:

  • BGB Staking: This lets you earn rewards by staking a Bitget token, BGB. By holding BGB, you get access to exclusive benefits on the Bitget platform, on top of earning staking rewards. It’s like getting rewarded for being a loyal Bitget user. Currently, it is offering 2% APY with zero fee withdrawals.
  • Shark Fin: This is a short-term staking product with high APYs (annual percentage yields) but limited spots. You can earn a guaranteed APR of up to 7% on popular coins like BTC or ETH but for a limited time.
  • Dual Investment: This lets you stake two different cryptocurrencies at the same time like BTC and USDT.
  • Range Sniper: This is a unique staking option where you speculate on the price movement of a cryptocurrency within a specific range. You can choose a bullish (price going up) or bearish (price going down) Range Sniper. If your prediction is correct and the price lands within the range, you earn a high-interest rate. However, if the price goes outside the range, you’ll still earn some interest, but it will be lower.

Crypto Loans

Bitget Loans lets you borrow cryptocurrency using your existing crypto holdings as collateral. There are flexible hourly interest rates. At present, you can borrow USDT at a 15% interest rate for 30 days. For BTC, the interest rate is only 1.9%.

Launchpad and Lanchpool

Bitget offers three ways to get involved with new crypto projects:

  1. Launchpad: Participate in Initial Exchange Offerings (IEOs) to buy new tokens early, potentially at a discount.
  2. Launchpool: Stake your existing crypto like BGB to earn rewards in new tokens. There are a total of 67 projects launched so far with a total staked value of $2.1 billion.
  3. PoolX: Similar to Launchpool, but you will win a random airdrop with approximate APR.

Bitget Web3 Ecosystem Reviewed

Bitget Wallet

Bitget Wallet is a non-custodial DeFi wallet for your crypto storage. It connects you to over 100 different blockchains. This means you can store and trade a huge variety of digital currencies, more than 250,000 in fact. The wallet is available is available in 168+ countries with 16 million registered users.

Bitget Wallet also makes it easy to swap between different cryptocurrencies. With Bitget Swap, they use “intelligent DEX liquidity aggregation” to find the best rates for your swaps. It also has cross-chain swaps.

But Bitget Wallet isn’t just about coins and tokens. It’s also your key to exploring the exciting world of Decentralized Applications (DApps). You can discover over 20,000 DApps, from cutting-edge financial tools like staking and DeFi to fun and interactive games in the Metaverse.

Bitget NFT

Bitget also offers a marketplace for everything related to NFTs (Non-Fungible Tokens). Most NFT marketplaces like OpenSea limit you to a few blockchains.

But, Bitget boasts support for the most popular blockchains including Ethereum, Polygon, BNB Chain, Arbitrum, and Optimism. This gives you more flexibility and choice when buying, selling, or storing your NFTs.

Bitget Fees

Bitget charges different fees depending on the type of trading you do and whether you’re a regular user or have a special VIP status. Here’s a breakdown of the main fees you’ll encounter:

Spot Trading Fees

There are two types of fees: maker and taker.

  • Maker fee: This means adding liquidity to the market by placing an order that doesn’t immediately get fulfilled. Regular users pay a 0.10% maker fee.
  • Taker fee: This is the fee you pay for taking liquidity out of the market by placing an order that gets filled right away. Regular users also pay a 0.10% taker fee.

Note: These fees can be reduced by 20% if you use Bitget’s own token, BGB, to pay the fee.

User Level

Trading Volume

Maker Fee

Taker Fee

Regular User

0.1%

0.1%

VIP 1

>1,000,000>

0.04%

0.06%

VIP 2

>2,000,000

0.025%

0.05%

VIP 3

>3,000,000

0.02%

0.045%

VIP 4

>5,000,000

0.015%

0.04%

bitget-token-new-bgb-logo

Futures Trading Fees

Regular users pay a flat fee of 0.02% for maker orders and 0.06% for taker orders on all three account types (USDT-M, Coin-M, and USDC-M). Similar to spot trading, the fees can be reduced with a 30-day trading volume.

Margin Interest Rates

If you borrow funds from Bitget to trade with more than you have on deposit, you’ll be charged interest on the loan. Regular users don’t get any discount on the interest rate, which is currently 0.005% per day (or 1.825% annually) for BTC.

Deposit and Withdrawal Fees

Bitget generally doesn’t charge fees for depositing cryptocurrencies. However, there may be fees associated with withdrawing crypto, depending on the specific coin or token. These fees are network fees (also called gas fees) and can be changed depending on market conditions.

For example, at present, the withdrawal fee for BTC is 0.00025 BTC, and Ethereum (ERC20) is 0.002 ETH, which is pretty high.

You can check the full Bitget fee structure here.

Withdrawal Limits

User Level

No-KYC

KYC Level 1 or Level 2

Regular User

Daily withdrawal limit: 20,000 USDT;

Monthly withdrawal limit: 100,000 USDT

3 million USDT

V1

6 million USDT

V2

8 million USDT

V3

10 million USDT

V4

12 million USDT

Bitget Payment Methods

On its P2P market, Bitget offers more than 100 payment methods. But, for direct deposits and withdrawals, it has only a few options:

  • Visa and Master Card (Credit/Debit cards)
  • Apple Pay
  • Google Pay
  • Bank Transfer (selected countries only)
  • Third-Party payment processors like Banxa and Mercuryo

Bitget Security: Is It Safe to Use?

Bitget offers various features to keep your cryptocurrency safe and secure. Here’s a breakdown of some key security measures:

  • Two-Factor Authentication (2FA): This adds an extra layer of security by requiring a code from your phone or app (like Google Authenticator) in addition to your password. Even if someone guesses your password, they can’t log in without the code.
  • Secure Encryption: Bitget uses strong encryption technology like SSL to encrypt your information when it travels between your device and the Bitget servers. This makes it very difficult for hackers to steal your data.
  • Anti-Phishing Code & Withdrawal Address Whitelist: Phishing scams try to trick you into giving away your login details. Bitget can help you avoid these by generating a unique code for each email. You can also whitelist trusted withdrawal addresses to prevent accidentally sending your funds to the wrong place.
  • Cold Storage: Most of Bitget’s user funds are stored offline in cold storage, which means they’re not connected to the internet. This makes it much harder for hackers to steal.
  • Insurance Fund: Bitget has a $350 million insurance fund to cover losses in case of a security breach. While this doesn’t guarantee you’ll get your money back, it offers some additional peace of mind.
  • PoR data: The exchange’s solvency data is transparent and publicly available. According to Defillama, it currently holds $2.175 billion in total user assets.
  • Mandatory KYC (Know Your Customer):  Bitget requires users to verify their identity with documents like passports or IDs. This helps prevent fraud and money laundering.

What Coins are Listed on Bitget?

Bitget offers a massive selection of over 750 cryptocurrencies and 870 trading pairs, giving you access to a vast marketplace for trading. This includes a comprehensive range of popular coins, numerous new altcoins, and tokens spanning various areas like DeFi, Metaverse, AI, and Real World Assets (RWAs).

Here’s a glimpse into what coins you’ll find on Bitget:

Mobile App

Bitget boasts a highly-rated mobile app that allows you to buy, sell, and trade cryptocurrencies anywhere, anytime. The Bitget app is available for both iOS and Android devices.

It has a clean and intuitive interface for a good trading experience. The main screen gives you a quick snapshot of the market, displaying the prices of major cryptocurrencies. Buying and selling crypto is made simple with clear buttons and easy-to-follow instructions. Even if you’re new to crypto trading, the app’s design makes it straightforward to navigate.

For more experienced traders, you can access advanced charts and technical indicators to analyze the market. The app also allows you to set stop-loss and take-profit orders, which helps you manage your risk and lock in profits.

Customer Support

Bitget offers a few different ways to get help when you need it. The first option is their FAQ section. This is a comprehensive database of answers to frequently asked questions. Here you can find solutions to common issues or gain clarification on specific features of the platform.

If you can’t find your answer in the FAQ, you can also submit a support ticket.  This option allows for detailed explanations of the issue and personalized assistance from a Bitget customer support member.

Finally, for those who prefer immediate interaction, Bitget offers 24/7 live chat support. This real-time communication channel connects users directly with a customer support team representative who can address their concerns promptly.

Bitget Supported Countries

Bitget is available in more than 100 countries. However, it is not available in countries like the US and Singapore. Here is the list of specific restricted countries:

  • Afghanistan
  • Canada (Alberta)
  • Central African Republic
  • Hong Kong
  • Iran
  • North Korea
  • Netherlands
  • Singapore
  • The United States

Bitget Alternatives to Consider

Features

Bitget

OKX

Bybit

Founded

2018

2017

2018

Best For

Crypto copy trading

Crypto DeFi ecosystem

Crypto derivatives trading

Non-custodial Wallet

Yes

Yes

Yes

Supported coins

750+

327+

1,167+

Spot Trading fees

0.1% Maker/Taker

0.08% maker and 0.1% taker

0.1% maker/taker

Staking Services

Yes

Yes

Yes

US Availability

Limited (only Bitget Wallet)

Limited (OKCoin operates)

No availability

Governance token

BGB

OKB

BIT

OKX and Bybit are the top alternatives to Bitget exchange. You can also read our full OKX review for more information about the exchange.

How to Sign Up and Use Bitget Exchange?

Step 1: Create your Bitget account

First, head over to the Bitget website. In the top right corner, you’ll see a “Sign Up” button. Click on that button and choose how you want to create your account. You can use your email address or your phone number. Next, create a strong password to keep your account safe.

bitget-token-new-bgb-logo

There might be a spot for a referral code, but you can skip that part if you don’t have one. Before you finish signing up, make sure you agree to Bitget’s terms of service and privacy policy. Finally, Bitget will send a verification code to your email or phone number. Enter that code to complete your account creation.

Step 2: Verify Identity

Go to your profile section and click “Identity Verification”. You’ll usually need to provide some photos of your government ID and a selfie. The process can take up to 60 minutes.

Step 3: Deposit Funds

Now, go to the “Wallet’ section and choose “Deposit”. Here you can choose to deposit either crypto or fiat currency. Simply follow the instructions depending on your payment method. You will instantly see your funds in the Bitget exchange wallet.

Step 4: Trade Crypto

With your funds deposited, you’re finally ready to trade crypto! Head over to the “Trade” tab on Bitget. Here, you can choose the specific cryptocurrencies you want to trade with each other. For example, you might trade Bitcoin (BTC) for Tether (USDT). Next, pick the kind of trade you want to make. Bitget offers different options, but you can start with a simple “market order”.

Finally, enter the amount of crypto you want to trade and double-check everything looks right. Once you’re happy, click “Buy” to make your trade. You can also explore different markets like spot, futures, and margin.

Final Verdict

In this Bitget review, we’ve explored the features, pros, and cons of this growing crypto exchange. It offers a user-friendly interface, a wide variety of cryptocurrencies, and competitive fees. Features like copy trading and staking can be helpful tools for new investors, while advanced options for margin trading and futures contracts cater to experienced traders.

However, unavailability in certain jurisdictions like the US, Singapore, and Canada can be a major drawback for users from these countries. Additionally, you won’t find some advanced features like options trading on it.

bitget-token-new-bgb-logo

Bitget Exchange Review: FAQs

Which country owns Bitget?

Bitget is a global company and doesn’t belong to any single country. It was founded in Singapore in 2018, but it operates worldwide.

Is Bitget available in the US?

The Bitget crypto exchange isn’t available to traders living in the United States. This is because of strict rules about cryptocurrency trading in the US. However, you can still use Bitget’s self-custody wallet for trading cryptocurrencies in the US.

Is Bitget good for beginners?

Bitget can be a good option for beginners for a few reasons. First, their platform is designed to be easy to use, even for people new to crypto. They also offer educational resources to help you learn the ropes. Plus, features like “copy trading” lets you copy the trades of experienced users, which can be a great way to learn by example. You can also use its “demo trading” feature to learn the basics without real money.

Can I withdraw from Bitget without KYC?

Yes, you can withdraw up to 20,000 USDT per day or 100,000 USDT per month, but you can not deposit funds without ID verification.


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