Bitget is a prominent cryptocurrency exchange that enables users to buy, hold, sell, and trade a wide range of digital assets with competitive fees. It offers an array of tools and services tailored for both novice and experienced traders, supporting activities like spot trading, futures trading, margin trading, and copy trading. Additionally, Bitget provides automated trading bots, a launchpad for new token projects, and a integrated Web3 wallet for decentralized application (dApp) interactions.
This review examines Bitget’s features, security measures, fee structure, and overall reliability to help you determine if it is the right platform for your crypto trading needs.
Overview of Bitget Exchange
Bitget was established in 2018 and is headquartered in Seychelles. It supports over 700 cryptocurrencies and more than 800 trading pairs. The platform requires Know Your Customer (KYC) verification and implements strong security protocols, including two-factor authentication (2FA), cold storage for funds, and a protection fund valued at over $635 million.
The exchange is accessible in more than 150 countries but restricts users from several regions, including the United States, Canada, and parts of Europe and Asia, due to regulatory considerations.
Key Advantages and Disadvantages
Pros:
- Competitive trading fees, with rates as low as 0.02% for high-volume traders.
- Supports a wide variety of cryptocurrencies and trading pairs.
- Advanced security measures, including cold storage and regular audits.
- Innovative tools like copy trading and trading bots.
- Multiple avenues for passive income, such as savings products and dual investments.
- A substantial protection fund to safeguard user assets.
Cons:
- Customer support response times can be slow.
- Limited fiat currency support in certain regions.
- The range of earn products is somewhat narrow compared to competitors.
Top Features of Bitget
Bitget offers several standout functionalities that enhance the trading experience.
Copy Trading
One of Bitget’s most popular features is copy trading, which allows inexperienced traders to mimic the strategies of seasoned investors. The platform hosts over 190,000 elite traders whose performance metrics—such as 30-day ROI and assets under management—are transparently displayed. Users can choose to copy futures, spot, or bot trading strategies.
👉 Explore advanced copy trading strategies
Trading Bots
Bitget provides 13 types of automated trading bots that operate around the clock. These include:
- Grid Bots: Execute buy-low, sell-high strategies within set price ranges.
- DCA Bots: Use dollar-cost averaging to mitigate market volatility.
- Arbitrage Bots: Capitalize on price differences across markets.
- CTA Bots: Rely on technical indicators like MACD and moving averages to identify trends.
Bitget Launchpad
The Launchpad offers early access to new blockchain projects and token sales. Users can commit assets like BGB (Bitget’s native token) or USDT to participate in initial offerings and claim airdrops.
Web3 Wallet
Bitget’s non-custodial Web3 wallet supports over 100 blockchains and 250,000 tokens. It includes NFT marketplace integration and employs Multi-Party Computation (MPC) technology for security. Note that the wallet requires a separate application download.
Spot and Futures Trading
The exchange offers a user-friendly spot trading interface with more than 500 pairs and advanced charting via TradingView. Its futures trading platform supports leverage of up to 125x and multiple order types, including limit, market, and trailing stop orders.
Fee Structure
Bitget does not charge deposit fees. Trading and withdrawal fees vary based on asset type, network, and user VIP level.
Trading Fees
- Spot Trading: Standard fee is 0.1% for both makers and takers at VIP level 0. Fees decrease at higher VIP levels.
- Futures Trading: Rates start at 0.02% for makers and 0.06% for takers. Paying fees with BGB tokens grants a 20% discount.
Withdrawal Fees
Fees depend on the cryptocurrency and blockchain network. For example:
- Bitcoin (BTC) withdrawals cost 0.00005 BTC on the BTC network.
- Ethereum (ETH) withdrawals start at 0.00183477 ETH on the ERC-20 network.
- USDT withdrawal fees range from 0 USDT on BEP-20 to 5 USDT on ERC-20.
Security and Legitimacy
Bitget is considered a safe and legitimate platform. It has not suffered any major security breaches, and user funds remain protected through a combination of cold storage, proof of reserves, and a $635 million protection fund.
The exchange is licensed in multiple jurisdictions, including Poland, Australia, and Italy, and complies with regulations in over 15 countries. It also employs encryption, anti-phishing protocols, and optional 2FA to secure user accounts.
Affiliate and Referral Program
Bitget’s affiliate program allows users to earn commissions by referring new traders. Benefits include:
- 50% commission on transaction fees from referrals.
- Opportunities to attend industry events and access promotional content.
- High rebates on futures trading referrals.
How to Start Trading on Bitget
- Sign Up: Create an account on Bitget’s website or mobile app using your email or phone number.
- Verify Account: Complete KYC verification to unlock full trading capabilities.
- Deposit Funds: Transfer crypto from an external wallet or purchase assets via fiat channels.
- Begin Trading: Navigate to the spot or futures market, select a trading pair, and place orders.
Deposit and Withdrawal Process
- Deposits: Log in, select ‘Deposit’, choose a cryptocurrency and network, and transfer funds from an external wallet.
- Withdrawals: Go to ‘Assets’, select ‘Withdraw’, enter the destination address and amount, and confirm the transaction.
The minimum deposit is 0.0001 BTC or 1 USDT, though this may vary by asset.
Frequently Asked Questions
Is Bitget available in the United States?
No, Bitget does not serve users in the U.S. due to regulatory restrictions.
What are the risks of using copy trading?
While copy trading can reduce the learning curve, it does not eliminate risk. Followers remain exposed to market volatility and potential strategy failures of the copied traders.
How does Bitget protect user funds?
The platform uses cold storage for most assets, maintains a proof of reserves, and operates a protection fund worth over $635 million to cover potential losses.
Can I use Bitget without completing KYC?
Basic functions are available without KYC, but full access to trading and withdrawal features requires identity verification.
What is the best way to minimize fees on Bitget?
Using BGB tokens to pay for trading fees reduces costs by 20%. Higher VIP levels also enjoy lower fee rates.
Are trading bots profitable?
Profitability depends on market conditions and bot strategy. While bots can automate trading and capture opportunities, they are not guaranteed to generate profits.