Bitget Exchange // Condensed Review – Pros and Cons
Bitget is a cryptocurrency exchange located in Singapore, and currently has over 2 million registered users worldwide. In January 2022, Bitget was ranked #3 globally in terms of the daily average for trading of Coin-Margin futures, which at one time achieved an all-time high 24-hour volume of $7.82 billion.
Bitget lists 300+ cryptocurrencies and tokens that can be traded on the spot or in futures markets. A special feature called Copy-Trading lets traders follow automated trading strategies to earn passive income. All in all, this exchange offers a lot, so let us jump into this Bitget review to provide you all the details you need before signing up.
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Restricted Countries/Regions
Is Bitget a safe cryptocurrency exchange?
Bitget protects the assets of investors by using separate cold wallets and hot wallets. The platform uses security measures provided by Qingsong Cloud Security, Armors, HEAP, and Suntwin Technology. As a result, Bitget has been awarded 12 A+ scores received from SSL Labs.
The platform also encourages users to enable 2FA (Two Factor Authentication). All in all, Bitget is a very safe and secure cryptocurrency platform.
Is Bitget a trustworthy platform?
Trustworthiness is a 10/10. Why? Because Bitget is partnered with Lionel Messi! Bitget is also partnered with Italy’s most successful football club Juventus, Turkish powerhouse Galatasaray FC, Team Spirit (eSports), and many other premium international tournaments and events.
Available Cryptocurrencies at Bitget
Across the vast range of services offered by Bitget (such as spot trading, derivatives trading, etc.), this platform covers an amazing list of available cryptos (over 300!). Some prominent examples are:
ApeCoin, Adventure Gold Coin, Cardano, Bitcoin Cash, EOS, SushiSwap, Chainlink, Ethereum Classic, Filecoin, Litecoin, KNCL, Polkadot, Ripple, Tezos, Tether, Uniswap, TRON, yearn.finance, Ethereum, and Yield Guild Games.
Bitget Services
As mentioned before, Bitget offers a wide range of cryptocurrency services that are beloved by traders worldwide. Let’s check out a few major ones.
Bitget Spot Trading
Like all major exchanges in the world, Bitget offers excellent spot trading. Easily swap your preferred coins as you wish at any time of day, and you will be delighted by the speed of the transaction: instant!
At the moment, the top 5 spot markets are:
- DOGE/USDT
- BTC/USDT
- BTC/USDC
- ETH/USDT
- APE/USDT
Bitget Futures Trading
Bitget offers USDT-M Futures, USDT-M Demo, Coin-M Futures, and Coin-M Futures Demo. Coin-Margined Futures is a brand-new futures trading technique that was launched by Bitget. Coin-Margined Futures supports numerous currencies to be used as a margin for different trading pairs. For example, using the currency ETH as a margin, the trader is now able to trade BTCUSD, ETHUSD, and EOSUSD, and the profit and loss will be determined in ETH.
Bitget Copy Trading
Bitget’s Copy Trading feature lets users copy the strategies of other traders at no cost. Anyone can follow any trader and start copying their strategy and portfolio without cost. When you complete a copy trade for the first time, you receive a $30 coupon.
If you are an experienced trader, then you should consider being followed so that you can potentially earn up to 8% of the profits made by your followers!
Bitget Wallet
Bitget Mobile App – iOS and Android
The majority of crypto traders believe that desktops provide the best conditions for trading. The computer has a bigger screen, and larger screens allow for more data that helps traders navigate easily and facilitate their trading decisions.
However, the Bitget app is the closest thing that you can get to desktop experience. The app is well made and easy to use. The chart and trading history are a pleasure to view. In these modern times, many traders prefer to conduct their trading on mobile apps, and Bitget did a great job by designing excellent Android and iOS mobile apps.
Bitget KYC Verification Requirements
Bitget Trading Fees and Limits
Bitget offers competitive trading fees to all traders worldwide, based on a maker-taker system. Here are the fees:
Spot Trading: 0.01% maker fee, 0.01% taker fee
Futures Trading: 0.02% maker Fee, 0.06% taker fee
Bitget Payment Methods and Fees
Looking to make your deposit into or withdraw from your Bitget wallet? No problem, Bitget makes it easy to by offering competitive rates. Let’s review the deposit and withdrawal fees.
Depositing at Bitget and Fees
For lucky users who wish to deposit via fiat money, starting 2021, Bitget introduced an option to buy crypto using fiat money via 2 well-known payment providers: Banxa and Mercuryo. These 2 providers are directly connected to the Bitget payment screen, so you can easily use Mastercard, VISA, Apple Pay, or Google Pay to buy your preferred crypto. Bitget does not charge fees for fiat currency deposits.
If you already have cryptocurrency stored in another wallet, then simply transfer those funds into your Bitget wallet at no cost at all. There is no deposit minimum limit either.
Withdrawing from Bitget and Fees
When withdrawing Bitcoin from an exchange, the industry average of 0.00053 BTC is charged for every withdrawal. On Bitget, the withdrawal fee is 0.0006 BTC, which is still quite reasonable.
If the user has not completed the KYC procedure, the daily withdrawal limit will be 20 BTC (or equivalent in other cryptos). Those who have completed the verification process have much more flexibility with a maximum of 200 BTC per day.
Bitget Customer Service
Bitget offers all traders excellent multilingual customer support. Also, it provides one-on-one support for its VIP customers, if you are eligible. Whenever you have an issue, do not hesitate to contact Bitget via the following methods:
Email: support@bitget.com
Live Chat: Available 24/7
Conclusion – Should I use Bitget?
Bitget has all the requirements to be an excellent cryptocurrency platform, both for beginners and advanced traders. This platform is able to provide a fair and extensive trading experience, no matter what your level is. Be sure to try today!
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$30 Reward for Copy Trading
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