Bitget has established itself as a major player in the cryptocurrency derivatives market, renowned for its high trading volumes and innovative copy trading features. This guide provides a comprehensive, step-by-step walkthrough for new users on how to open an account, complete identity verification, and manage deposits and withdrawals on the Bitget platform.
Why Consider Bitget Exchange?
Bitget stands out in the crowded crypto exchange landscape for several reasons. It is one of the world's largest cryptocurrency derivatives exchanges, offering a secure and feature-rich platform for traders of all experience levels. A key attraction is its sophisticated copy trading system, which allows users to automatically replicate the strategies of successful experienced traders. This social trading feature makes it an appealing choice for those looking to learn from others or to leverage expert market moves without constant monitoring.
The platform supports a vast array of digital assets and trading pairs, providing ample opportunity for portfolio diversification. With a strong commitment to security, transparent fee structures, and a user-friendly interface available in multiple languages, Bitget has built a reputation for reliability and functionality in the dynamic world of crypto trading.
How to Create a Bitget Account
Opening an account on Bitget is a straightforward process designed to get you started quickly.
Step 1: Initiate Registration
Navigate to the official Bitget website. Locate and click the "Register" button, typically found in the top right corner of the homepage. This will direct you to the account creation page.
Step 2: Choose Registration Method
You can register using either your mobile number or email address. For this guide, we'll use the email method. Enter a valid email address and create a strong password for your account. Carefully read and agree to the platform's Terms of Service, then click "Create Account."
Step 3: Verify Your Email
Bitget will immediately send a verification code to the email address you provided. Check your inbox (and spam folder, if necessary), retrieve this code, and enter it on the verification screen to complete the basic account setup.
Upon completion, you will have access to a basic account, though certain features and higher transaction limits will require identity verification.
Completing Identity Verification (KYC) on Bitget
To unlock full functionality and enhance the security of your account, completing Know Your Customer (KYC) verification is essential.
Step 1: Access Verification
After logging into your new account, click on your profile icon. From the dropdown menu, select "Verification" or "KYC." You will be presented with different verification levels; begin by clicking "Verify Now" for Level 1.
Step 2: Submit Personal Details
You will be prompted to select your country of residence and input your full legal name exactly as it appears on your government-issued identification. You can typically use a passport, national ID card, or driver's license for this process.
Step 3: Facial Recognition
The final step involves a quick facial recognition scan. Follow the on-screen instructions, ensuring your face is clearly visible within the outlined area. The system will process this information to confirm your identity.
Once successfully verified, you will receive a confirmation notification via email and on the platform. For increased withdrawal limits and access to advanced features, you may later choose to complete Level 2 verification, which involves submitting additional documentation.
👉 Explore more strategies for securing your digital assets
A Guide to Depositing Funds on Bitget
With your account set up and verified, the next step is to deposit funds to begin trading. Bitget offers multiple convenient deposit methods.
Method 1: Buying Crypto with Fiat Currency
Bitget's "Quick Buy" feature allows you to purchase cryptocurrencies directly using fiat money through several channels:
- Credit/Debit Cards: A fast and convenient option for instant purchases.
- Bank Transfer: Suitable for larger deposits, though processing times may vary.
- P2P Trading: Connect with other users to buy crypto directly at agreed-upon rates.
The platform supports over 40 fiat currencies and more than 70 payment methods, including popular options like Visa, Mastercard, and various regional banking services.
To use a credit/debit card:
- Navigate to the "Buy Crypto" section and select "Credit/Debit Card."
- Choose your preferred fiat currency and the cryptocurrency you wish to buy.
- Enter your card details and complete the security checks required by your card provider.
- Confirm the transaction details and finalize the purchase.
Method 2: Crypto Deposit via Chain Transfer
You can also transfer cryptocurrencies from an external wallet or another exchange to your Bitget account.
To make a chain transfer:
- Log in to your Bitget account and go to "Assets," then select "Deposit."
- Choose the cryptocurrency you want to deposit (e.g., USDT, BTC, ETH).
- Crucially, select the correct network (e.g., TRC20, ERC20, BEP20). The network must match the one used by the sending platform to avoid permanent loss of funds.
- Copy your unique Bitget deposit address or scan the provided QR code.
- Go to your external wallet or exchange, initiate a withdrawal, and paste the Bitget deposit address. Double-check that the network type is identical.
- Confirm the transaction. The funds will appear in your Bitget account after the required number of network confirmations.
How to Withdraw Funds from Bitget
The withdrawal process is essentially the reverse of depositing. For users wishing to convert crypto into local currency like New Taiwan Dollars (TWD), you typically need to first transfer your assets to a local exchange that supports TWD banking rails.
Step 1: Prepare the Receiving Address
On your chosen local exchange (e.g., MAX, BitoPro), navigate to the deposit section for the cryptocurrency you are withdrawing (e.g., USDT). Select the network (again, ensuring it matches the one you will use on Bitget) and copy the deposit address provided.
Step 2: Initiate Withdrawal on Bitget
In your Bitget "Assets" section, click "Withdraw." You will usually have the option for "On-chain Withdrawal." Select the cryptocurrency and the corresponding network.
Step 3: Complete the Transaction
Paste the receiving address you copied in Step 1. Enter the amount you wish to withdraw and carefully review all details, especially the address and network. Confirm the transaction. Bitget will process the withdrawal, which will then be broadcast to the blockchain.
Be aware that Bitget charges a network fee for on-chain withdrawals, which varies depending on the cryptocurrency and network congestion. This fee is deducted from the withdrawn amount.
Understanding Bitget's Fee Structure
Managing trading costs is vital for profitability. Bitget employs a transparent fee schedule.
- Deposit Fees: There are no fees for depositing cryptocurrencies into your Bitget account.
Trading Fees:
- Spot Trading: A standard fee of 0.1% is applied to both makers and takers. Users can enjoy a 20% discount on these fees by holding and paying with Bitget's native token, BGB.
- Futures Trading: Maker fees are typically 0.02%, while taker fees are 0.06%. This structure incentivizes adding liquidity to the order book.
- Withdrawal Fees: These are dynamic network fees that cover the cost of processing transactions on the blockchain. They are not fixed and can fluctuate based on network conditions. Users staking BGB can qualify for daily free withdrawal quotas.
Frequently Asked Questions (FAQ)
Q1: Is Bitget safe and legitimate?
A1: Bitget is a well-known and established cryptocurrency exchange with a significant global user base. It employs standard security measures like two-factor authentication (2FA), cold storage for funds, and KYC verification. However, as with any platform dealing with digital assets, users should always conduct their own research and practice good security hygiene.
Q2: How long do deposits and withdrawals take?
A2: Crypto deposits depend on blockchain confirmations and can take from a few minutes to an hour. Fiat deposits via card are usually instant, while bank transfers can take 1-3 business days. Withdrawals are subject to blockchain congestion and the exchange's processing time, typically completing within a few hours.
Q3: What is copy trading, and how does it work on Bitget?
A3: Copy trading allows you to automatically mirror the trades of experienced investors. On Bitget, you can browse profiles of successful traders, see their performance history, and choose to allocate a portion of your capital to copy their trading strategies in real-time.
Q4: Can I use Bitget without completing KYC verification?
A4: You can create an account and access basic features without full KYC. However, verification is mandatory to lift restrictions on withdrawal limits and to access certain services like fiat deposits and higher-stake copy trading.
Q5: What should I do if I send funds using the wrong network?
A5: Transactions sent to a correct address on the wrong network are often irretrievably lost. If this happens, immediately contact Bitget's customer support with the transaction hash (TXID). While recovery is usually impossible, support may be able to provide guidance.
Q6: Are there any alternatives to Bitget for traders?
A6: Yes, the crypto exchange market is competitive. Other popular options include global giants like Binance and OKX, as well as regional platforms that may offer direct fiat on-ramps. It's advisable to compare features, fees, and supported assets before choosing a primary exchange.