Bitget is among the top leading cryptocurrency exchanges in the world. With over 20 million registered users across 100 countries, a $30+ Billion daily trading volume, low trading fees, Bitget offers traders a reliable option to conduct their trading.
Initially launched in 2018, Bitget has become one of the most common platforms for crypto investors and traders to take on their transactions. Bitget also offers many features and bonuses for users to enjoy and is highly recognized for its competitive low trading fees, which users continue to benefit from.
Bitget Pros and Cons
| 👍 Bitget Pros | 👎 Bitget Cons |
|---|---|
| ✅ Low trading fees | ❌ Not fully regulated |
| ✅ User-friendly Interface | ❌ Advanced tools confusing for beginners |
| ✅ Fiat deposits & withdrawals | ❌ USA not allowed |
| ✅ Passive Income Products | ❌ Requires KYC |
| ✅ 500+ cryptocurrencies | |
| ✅ Copy Trading | |
| ✅ Full Proof of reserves |
Bitget Overview
Founded in 2018, Bitget started its crypto trading services without KYC verification for users from all around the world. However, due to global regulations, Bitget started implementing KYC and AML guidelines to comply with local laws. Nowadays, Bitget is seen as a reputable and reliable crypto exchange for users from over 100 countries. The company was founded by Sandra Lou and Managing Director Gracy Chen, who now is the CEO.
The crypto exchange offers over 700 cryptos to trade and other crypto-related services, such as copy trading. These products include copy trading, futures (with 125x leverage) and spot trading, AI-powered trading bots, crypto-to-crypto trading, margin trading, and diverse earning services encompassing savings, crypto loans, and staking.
Bitget is currently awarded the prestige of being the world’s largest crypto copy trading network. With 24/7 live chat support, Bitget is known for its highly satisfying customer service. Additionally, Bitget offers high security, low trading and withdrawal fees, an essay sign-up process, and a great user experience.
The native token for Bitget is BGB, which is also used as a means of payment for transactions and fee deductions on the platform. Additionally, Bitget allows users to earn commissions from the affiliate program.
What we love about Bitget is the free demo trading option where you can improve your trading skills without having to worry about losing money. This is amazing for newbies and traders seeking to try out new strategies.
You can learn more about the simulated trading feature in our Bitget Demo Trading Guide.
In the following review, we will do an in-depth analysis of Bitgets features so you know exactly what the exchange is capable of and what now.
Bitget Key Features at a Glance:
- Advanced Spot & Futures Trading
- 125x leverage and low fees
- Spot & Futures Copy Trading
- 700+ Supported Cryptos
- Bitget Ecosystem
- Launchpad and Earn
- BGB Holder Rewards
- Free Fiat Deposits & Cheap Withdrawals
Bitget Signup & KYC
Signing up on Bitget is a simple and straightforward process. You have the option of signing up by email or phone number. Then, you must select a secure password. After that, you must complete the verification process.
Bitget used to be a no-KYC crypto exchange until October 2023. Since then, new users must verify their identity upon registering for a Bitget account. Verifying your identity will unlock all features on Bitget and raise your withdrawal limit.
As of 2024, Bitget has only one KYC level. In order to complete Bitget level 1 KYC, you must submit one of the following documents:
- Passport
- ID Card
- Drivers License
Additionally, you must go through a facial recognition test. For this, we recommend using your phone.
Learn more about the KYC requirements in our comprehensive Bitget KYC guide.
Bitget Supported Assets
Bitget is one of the largest crypto spot exchanges. With 700 supported cryptos for spot trading, Bitget offers an immense range of digital assets.
Most trading pairs are traded with USDT. However, there are also USDC and EUR trading pairs available. Aside from offering popular cryptocurrencies such as BTC, ETH, or XRP, Bitget also offers new cryptos that are still fairly unknown.
Even meme coins such as WIF (Dog Wif Hat) or DOGE are supported. If you are looking for a versatile crypto exchange with tons of trading opportunities, Bitget is perfect for you.
If you are interested in derivatives trading, you can access over 220 perpetual futures contracts on Bitget. These contracts are mostly settled in USDT-margin. However, Bitget offers USDC-margin pairs for BTC and ETH.
Additionally, Bitget offers perpetual Coin-margin futures for popular cryptos such as BTC, ETH, XRP, DOGE, DOT, and more. That means you can open long positions with cryptos such as Bitcoin as margin instead of USDT.
As Bitget is a dedicated crypto exchange, you will only find cryptos for trading. Other assets, such as stocks, forex, or indices, are not supported.
Bitget Trading
Trading on Bitget offers many benefits, including rewards and bonuses that users can gain. Bitget boasts over 700 tradable crypto assets, including all popular coins such as BTC, ETH, USDT, XRE, LTC, BGB (Bitget’s native token), DOGE, and many more.
Trades are carried out on the exchange website but can also be carried out on the Bitget mobile application for both iOS and Android devices. The trading fees are also very low compared to other crypto exchange platforms. On Bitget, users trade spots and futures on the podium at low rates.
Learn more in our Bitget referral code bonus guide.
Spot Trading on Bitget
Bitget offers a wide selection of trading pairs on the spot market, with over 700+ available options at the time of writing. For every trade carried out, a trading fee of 0.1% is paid.
The interface of the Bitget spotmarket is beginner-friendly, yet comprehensive.
- On the left hand side you see the tradable assets. Simply scroll through the list or use the search option to find any asset you wish to trade.
- In the middle, we have the real-time chart, provided by TradingView. You can conduct thorought analysis directly in the integrated Bitget chart.
- Below the chart, you can open and close your positions. You can choose between limit, market, and conditional orders.
- On the right hand side, Bitget provides a live limit-order-book (LOB) where you can analyze the liquidity and depth of market.
Any trader with experience in spot trading would find it easy to navigate the spot trading interface on Bitget as it possesses all required features. The trading options are well outlined and easy for any spot trader to interact with.
Bitget spot trading interface allows users to enjoy flexibility while taking on their trades, which can be done using Fiat currencies (EUR and BRL) or with cryptocurrencies as a transaction.
Spot-margin Trade on Bitget
For advanced traders, Bitget offers spot margin trading with a power of 3-10x. That means you can borrow up to 10 times the amount that you personally own. With margin trade, users can borrow funds to add to their collateral to amplify profits.
Bitget provides users with four easy steps to achieve the spot-margin trade:
- Transfer funds from the main account to the spot-margin account. The funds being transferred should, however, be able to cover up for potential losses.
- Borrowing funds from the lending market to amplify profits and increase trading power. Lending of funds can be done automatically by enabling the auto-borrowing function or manually by clicking on the borrow icon.
- Trade with the newly borrowed funds by selecting a trading pair and opening a long or short position.
- Repay funds after closing the trade and take profits, if any.
These steps help users navigate their way through the margin trade. You can get a full grasp of Bitget margin trade here.
Futures Trading on Bitget
Futures trading on Bitget peaked at a 24-hour trading volume of over $40.18 billion. This makes Bitget one of the most active crypto derivatives exchanges.
Bitget futures trading comes with up to 125x leverage and a standard maker and taker fee of 0.02 and 0.06%, respectively. The futures trading platform is one of the most commendable features of the Bitget exchange and a significant selling point to traders and investors. There are three major trading options for futures on Bitget. These are USDT-M, USDC-M and COIN-M futures. Each trading option differs based on the asset with which the trade is settled.
The trading interface of Bitget futures is different from that of spot. Below, you will find an overview of the Bitget futures trading interface. While we consider it a well-designed option, beginners may find it complicated at first.
- On the right-hand side, you open and close positions. Additionally, you can set the leverage, cross or isolated margin mode, and order type.
- Below the order execution field, you have an overview of your margin ratio and assets. This is important to avoid liquidations.
- In the bottom right corner, you can deposit or transfer funds into your futures account, which is separate from your spot trading account.
- Between the chart and order execution field, Bitget displays the limit-order book.
- The real-time chart by TradingView takes up the most space. You even have directly integrated indicators and tools on the left side which you can use right away.
- Below the chart, you can see a position overview of all of your trades,
- In the top left corner, where it says “BTCUSDT,” you can change the asset.
Copy Trading
If you are interested in earning passive income, you should check out the Bitget copy trading feature. Bitget is considered to be one of the best crypto exchanges when it comes to crypto copy trading. In the copy trading dashboard, you can analyze the performance of master traders and decide if you want to automatically mimic their trades.
Bitget offers great flexibility by allowing users to set up specific parameters for copy trading, such as a fixed stop loss or specific leverage.
You can learn more about this option in our full Bitget copy trading guide.
Bitget Trading Fees
Bitget is a popular option among experienced traders, as Bitget trading fees are highly competitive. Trading fees on Bitget are based on the maker-and-taker fee model. Maker refers to limit orders and provides liquidity in the order book. Takers, on the other hand, are market orders and take liquidity out of the order book.
- Spot trading fees start at a standard 0.1% for both taker and maker, but the trading fee is reduced to 0.08% when payment is made with the BGB token.
- Futures trading comes with a 0.02% maker fee and a 0.06% taker fee.
What we love about Bitget is the possibility to receive fee discounts. Not only can you obtain a 20% fee discount by holding the native Bitget Token (BGB), but you can receive additional fee discounts based on your 30-day trading volume. The more you trade, the more you save. This makes Bitget one of the cheapest options for active day traders. So, if you are a crypto day trader, Bitget is a top option for you. You can check out the Bitget VIP tier fees here.
Bitget Products & Services
Bitget offers users several products, services, and features aside from trading, including Copy trading, Strategy trading, staking, crypto loans, spot-margin trade, the Bitget mobile app, and many more.
Bitget Copy Trading
Copy trading is one of Bitget’s priced trading features, currently ranked as the top copy trading platform in the world. Bitget allows users to benefit from the trades of others on the platform if they have not hit the maximum number of followers. They get to mirror the real-time trades of these other traders with zero costs.
The traders who are being mirrored can also earn up to 15% of their follower’s profits. Beginner traders can learn trading strategies and techniques from the more experienced traders with huge ROIs and profit from following their trades. Some of the benefits of Bitget’s copy trading service include;
- Reduced risks for traders. With the freedom to observe the trades of experts on the exchange, the amount of risks incurred in trades is automatically reduced for investors and amateur traders. Bitget has improved it by adding a risk management protocol for stop-loss limits and effective risk control.
- Copy trading helps investors save time doing research and analyzing the markets. With all the work already being done by the expert trader, the only thing left to do is implement the same analysis for similar outputs.
- Unlike traditional platforms, Bitget copy trading offers low fees on investments.
Bitget Strategy Trading
The Bitget strategy trading option allows users to use trading strategies predicted by automated bots and apply them to the live markets. The role of these bots is to place orders based on market conditions. Strategy trading aims to help the trader build trade flexibility and ensure profit.
Users applying strategy trading on the platform can easily pick a strategy that correlates with the style of trade they consider reliable. It also helps users embrace the markets wholeheartedly by eliminating the emotional aspects of trading manually.
Staking on Bitget
Bitget allows users to stake various crypto assets on the Proof-of-Stake (PoS) Blockchain, such as ETH2.0, TIA, AVAX, and many more. Users can earn rewards for staking on the PoS Blockchain network.
There is no hardware setup when staking currencies on the Bitget platform. Simply select an asset, select the period, and stake your cryptocurrencies with Bitget.
The Bitget staking option provides an avenue for users to generate low-risk income while building wealth for the future.
Staking with Bitget affords flexibility and accountability. It is also a secure place to entrust funds; the tokens can be redeemed anytime.
Bitget Mobile App
Bitget allows users to ensure faster login to their accounts through the mobile app. The mobile app has the same features as the website and is compatible with Android and iOS. The mobile app allows users to access the Bitget platform even while on the move. They can enter and exit a trade without needing to use their laptop or PC.
The Bitget Mobile app offers the same user experience as the official website, with real-time charts and tools to help users manage trades. The app is also easy for beginners to navigate when buying and selling crypto assets. The mobile app also has a two-step verification process to secure user info and funds. With a 4.5/5 star rating, Bitget is one of the best crypto exchange apps available.
Bitget Loans
Bitget offers loans for several crypto assets such as USDT/BTC, USDT/USDC, USDT/ETH, and more. The platform allows users to borrow assets and use cryptocurrencies as collateral. It offers traders and investors access to other cryptocurrencies or Fiat currencies without necessarily selling their holdings.
Users can borrow up to 70% of the collateral they put in. Loans come with different interest rates, conditions, and repayment schedules. There are also low interest rates on returns and very flexible repayment deals for any trader.
Bitget Savings
Not only does Bitget offer loaning services to users, but it is also an excellent platform for investors and traders to save. As part of Bitget’s Earn options, Bitget savings are a shield against market volatility and uncertainty, especially since the platform has more to do with trading cryptocurrencies, which usually experience volatility.
Bitget savings have been grouped into two options for users to select from;
- Fixed savings – Up to 30% APR
- Flexible savings – Up to 2% APR
Bitget Beginner’s guide
Bitget comes with a comprehensive beginner’s guide that will help any beginner get accustomed to trades and opportunities available on the platform. The beginner’s guide contains a step-by-step guide on Bitget’s trading platform, services, and investment products. It is a good way for the newbies to feel secure after choosing Bitget.
Bitget Deposits & Withdrawals
Bitget Deposit & Payment Methods
If you already own cryptocurrencies, you can simply use the onchain deposit option. With over 600 supported cryptos and all major chains such as TRC20, BEP20, SOL, ADA, XRP, TIA, and many more, you will most definitely find what you are looking for. Fees range from a few cents to $20, depending on your selected network.
Direct deposits are only accepted for EUR, BRL, and TRY. Users with these fiat currencies can onramp their local currency using bank transfers. The best thing about Euro deposits is the fact that there are no deposit fees.
Alternatively, Bitget offers crypto purchases via credit/debit card for over 40 currencies where fees of 1-2% apply. Bitget allows users to deposit funds using 40 fiat currencies via credit/debit card.
You can learn more in our in-depth Bitget Deposit guide.
Bitget Withdrawals
If you are done trading, you can easily withdraw your profits to your bank account using Bitgets fiat withdrawal feature. Supported currencies are EUR, BRL, and TRY with fees as low as 1€ when using SEPA transfer.
- Euro withdrawals with SEPA transfer (1€ fees)
- BRL withdrawals with PIX transfer (2.68 BRL fees)
- TRY withdrawals with HAVALE/EFT/FAST (0% fees)
For cryptocurrency withdrawals, Bitget supports major chains such as TRC20, BEP20, SOL, ADA, XRP, TIA, and many more. Make sure to select the correct netork.
You can learn more in our in-depth Bitget Withdrawal guide.
Bitget Security
Bitget prioritizes the security of user funds and has put solid measures in place to achieve this priority. The exchange employs multi-signature wallets to store funds, approve transactions, and beat the possibility of threats. Bitget also uses a level-one KYC verification, which ensures that users submit a government-issued identification, facial recognition scan, and auto-cross matching through the eKYC technology to provide a lack of compromise. That is to remove all and every threat of fraud and impersonation. The further use of two-factor authentication (2FA) has served as a helpful means to safeguard user funds by requiring a code and password before the user can assess an account.
Bitget also uses foreign Blockchain tools to monitor and analyze exchange transactions closely. That is geared towards removing the threat of fraudulent activities and high-risk clients through the immutability of public blockchains. Other measures taken to secure the transparency of Bitget include;
- Consulting of cyber security experts for an assessment of the current security state of the platform and how it can be improved.
- Conducting penetration/vulnerability tests on the platform biannually for threat detection and removal.
- Encrypting of data in a fault-defunct storage to avoid theft or unwanted access to information.
Third Party Analysis
Nansen, an independent blockchain analysis company, is constantly tracking Bitgets’ proof of reserves. That way, Bitget can prove that users’ funds are always backed 1:1 on the exchange. This is important in order to prevent another FTX case. FTX had to declare bankruptcy due to comingling customer funds. By providing proof of reserves, Bitget always shows that all customer funds are available.
CER.live tracks Bitgets’ security status by checking proof of funds, bug bounties, and white-hat hacks. With an 83.60/100 point rating, CER has awarded Bitget with an A rating.
Certik has awarded Bitget with an A score (81.95/100). This places Bitget at rank number 8 in Certik’s list of crypto exchanges. In terms of cyber security, Bitget even scored 86.24 points.
If you no longer want to use your Bitget account, you can fully delete it. Check out our guide on how to delete your Bitget account.
Bitget Customer Services
Bitget offers users a 24/hr live chat customer support service, where users ask questions and give suggestions on better ways to enjoy the platform. Users can also reach the support center by contacting support@bitget.com, where they can report problems or issues they are undergoing during the exchange.
The Bitget academy also enables newbie traders and users to learn how to navigate the markets before diving in. The platform also provides live chat support to users, allowing them to interact one-on-one with any Bitget agent who will help put them through issues regarding the platform.
Conclusion
Bitget is one of the leading cryptocurrency exchanges recognized globally. It appears to be a secure platform worthy of recommendation for any trader or investor to take their trading business to. While not fully regulated, Bitget has taken the right steps towards global recognition by implemening KYC and AML measures. Bitget also obtained licenses in different European countries, inlcuidng Lituania.
With the many features that have been highlighted, every trader would be happy with the choice of trading on the Bitget platform. Beyond trading, however, the platform’s user interface is highly commendable, making the user experience worthwhile.
FAQs
Is Bitget Legit and Safe?
Yes, Bitget is a legitimate cryptocurrency exchange. The platform has over 20 million users worldwide and has never experienced hacks or data breaches.
What are Bitget fees?
Bitget spot trading fees are 0.1% for makers and takers. Bitget futures trading fees are 0.02% for makers and 0.06% for takers.
Can you trade Spot-Margin on Bitget?
Yes, the spot-margin trade feature is fully available on Bitget for all users.
Does Bitget have a mobile app?
Yes. Bitget’s mobile app can be downloaded from the Play Store for Android or the Apple Store for iOS devices.
How reliable is Bitget?
Bitget appears to be a highly reliable and trustworthy cryptocurrency exchange. We have tested the platform thorougly and we never experienced issues with them.
Can you trade on Bitget without KYC?
Bitget’s policy does not approve any trading activity for non-KYC users.
Does Bitget accept debit cards?
Yes, Bitget users can purchase cryptocurrencies with credit/debit cards. Over 40 fiat currencies are supported.
