Bitget is an up-and-coming crypto derivatives exchange that has quickly become one of the top players in the industry.
Founded in 2018, Bitget now boasts over 2 million registered users and a daily average futures volume of over $10.5 billion, earning it a spot among CoinGecko’s top five exchanges for March 2022. Bitget also stands out with its impressive network of partnerships ranging from traditional sports teams to eSports organizations like PGL. With a valuation of $1 billion, Bitget is certainly making waves in the cryptocurrency world. In this Biget Review, we will explore what makes this platform unique and why it has risen so quickly in popularity.
Bitget Summary:
- Headquarters: Singapore
- Found in: 2018
- Native Token: BGB
- Listed Cryptocurrencies: 250
- Trading Pairs: 250+
- Supported Countries: USA, South Africa, Canada, Nigeria, Ghana, and more
- Minimum Deposit: $50
- Deposit Fees: No Deposit Fees
- Withdrawal Fees: 0.0006 BTC
Who Is Bitget Recommended For?
Crypto trading can be daunting to beginner traders due to its high volatility. Bitget, however, has a solution to ease the stress of investing; the One-Click Copy Trade feature. This allows Bitget users to duplicate the trades of more experienced traders with just a single click. By doing so, Bitget users can gain a better understanding of crypto trading and develop an edge in their cryptocurrency investments.
The Bitget platform is also designed for serious traders who are seeking an innovative and comprehensive trading experience. Bitget provides access to a wide range of digital assets, enabling investors to diversify their portfolios with both traditional and alt-coins. Bitget’s visualized order book system allows traders enhanced insights into the market enabling them to make smarter investment decisions. Bitget also provides advanced tools such as price alerts and margin trading which enable investors further control over their portfolio management and risk management strategies.
How Does Bitget Work?
Bitget is a cryptocurrency trading platform that provides its customers with access to spot, derivatives, and copies trading. Bitget's Futures trading offers perpetual future contracts which are CFDs – Contracts for Difference – that are widely used within the crypto industry.
Bitget offers leverage of up to 125x on select trading pairs such as USDT/BTC, allowing users to create positions that are up to 100 times the amount deposited into their Bitget account. However, this comes with the caveat of liquidating positions should the movement against their Bitget account be too great. The result of this could cause the user to have limited or no access to their funds.
Bitget also has other features including stop orders and margin calls which provide an extra layer of security when working with leveraged accounts. Bitget provides users with a secure platform for cryptocurrency trading and allows them to make use of leverage in order to maximize potential profits while minimizing risks associated with trading.
What You Can Buy On Bitget?
Bitget is a cryptocurrency exchange that supports a wide range of digital assets, with a total of 184 coins and tokens available. In addition to many small cap tokens, Bitget also offers some of the major crypto currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC).
Other assets available on Bitget include Fantom (FTM), Avalanche (AVAX), Solana (SOL), Polygon (MATIC), Decentraland(MANA) and Enjin Coin (ENJ). Unfortunately, Bitget is missing some major coins such as Terra (LUNA) and Cardano (ADA).
How To Start Trading On Bitget?
After registering with Bitget, you will be able to start trading immediately. To sign up for Bitget, follow these easy steps:
1. Go to Bitget's official website or app and click the “Sign Up” button.
2. Enter your email address and create a secure password for your Bitget account.
3. Agree to Bitget's terms and conditions.
4. Click “Register Now”.
5. Check your email for a verification code and use it to verify your Bitget account.
6. Log in to the Bitget platform and you're all set! You can start trading right away.
Exciting Features On Bitget
Bitget is certainly one of the most comprehensive trading platforms on the market today and it's worth checking out for anyone considering investing in digital currencies. With Bitget, you have all the features you need to be successful in the digital currency market.
Innovative Products
Bitget is a reliable and trusted derivatives exchange platform that has been providing its users with innovative products to trade without the need of token conversion. Bitget makes trading simple and efficient with its one-click copy trading function, allowing users to automate their trades. Bitget is also a leading USDC margin exchange, providing users with additional liquidity and leverage options to maximize their trading profits. Bitget is a secure and reliable exchange platform that users can trust for all of their digital asset needs.
Industry-leading Security
Bitget offers exceptional security to its users and is widely known for its risk control capabilities. Bitget utilizes a segregation system with cold and hot wallets to ensure that funds are safely stored, while also receiving 12 A+ ratings from SSL Labs. Bitget is further backed by prominent cloud security companies such as Qingsong Cloud Security, HEAP, Armors, and Suntwin Technology.
Thus, Bitget has proven its commitment to protecting user data and funds by investing in the most reliable security measures available. All Bitget reviews praise their high standards of safety and reliability.
Excellent Customer Service
With 24/7 multilingual online support and VIP customer service, you have access to assistance whenever you need it – giving peace of mind that your investments are in safe hands. Not only this but Bitget also offers rewards to members of its crypto community through reward centers encouraging even more participation from both beginners and seasoned investors alike.
Lucrative Derivatives Trading
Bitget, a distinguished cryptocurrency exchange, stands out from the rest with its high daily trading volume and powerful offerings. Boasting an array of self-crafted pairs as well as plentiful derivative products, it has rapidly secured a place among the elite exchanges for experienced crypto traders looking to make a profit on their investments.
Global Compliance Operations
Bitget is the premier choice for digital asset traders looking for a secure and reliable experience. With licenses from Canada, Australia and the United States, Bitget has seen its reputation grow due to its robust regulatory standards – something that's reflected in their impressive ratings on CoinGecko and CMC. It promises users peace of mind with its measured approach to trading cryptocurrencies.
Lower Trading Fees
Bitget is taking the cryptocurrency trading world by storm with their revolutionary low-cost fees. With just 0.1 percent and an even lower rate of 0.08 percent when you use BGB, this exchange platform offers a truly incomparable experience – welcome to crypto trading without breaking the bank.
Top Security
Bitget provides a secure environment for investors to invest their money. Bitget utilizes state of the art technology to ensure security, such as two-factor authentication and cold and hot wallet separation. Bitget has also achieved a high level of trustworthiness as evidenced by their twelve A+ scores from SSL Labs. Investors can feel confident that their assets are protected when they use Bitget.
Bitget Token
BGB holders have the potential to reap multiple rewards from owning and trading BGB tokens. Bitget, the blockchain asset trading platform, has issued a total of 2 billion BGB tokens and with them, users can enjoy a 20% discount on transaction fees as well as a 15% discount on futures trading. Bitget has created an environment that encourages users to benefit from holding and utilizing BGB tokens. This is a great opportunity for Bitget users to maximize their returns on investment.
By taking advantage of Bitget's rewards, users are sure to receive the most value out of their trading experience. Bitget provides an ideal platform for those seeking to trade crypto assets with the highest potential of returns. Bitget is the perfect choice for traders who are looking to maximize their investment. Bitget’s BGB token system helps users to easily access and use their tokens, allowing them to benefit from its rewards even further.
What Services Does Bitget Offer?
Profitable Futures
Coin-Margined Futures is a revolutionary approach to crypto futures trading that Bitget has introduced to the markets. Bitget allows users to speculate on the value of digital assets such as BTC, ETH, and EOSUSD by contracting with another trader at a current price and time shortly.
The difference between Coin-M Futures and other futures trading techniques is that Bitget allows traders to use a variety of currencies as margins for their trades. This means that instead of using the traditional BTCUSD, ETHUSD, etc., users can now use ETH or any other supported currency as the base unit to trade against.
Trading Coin-M Futures is easy and straightforward; to get started, users can go to Bitget's coin-M futures trading page. Once they are there, they need to transfer their funds into the Bitget Futures account and start trading by opening a position. Afterward, users can then close their positions once they decide to end the trade. Finally, traders need to track their profits and losses to understand their trading performance.
Coin-M Futures is a great way for traders to diversify their portfolios and take advantage of emerging financial opportunities in the cryptocurrency market. Bitget provides an easy-to-use platform that allows anyone with the necessary resources to get involved in Coin-M futures trading, allowing them to benefit from the price movements of digital assets. Bitget is committed to providing a safe, secure, and transparent environment for users to engage in trading and investing activities. With its wide range of features, Bitget's Coin-M Futures system offers traders unique opportunities that can be advantageous for their portfolios.
Leverage Trading
Bitget provides traders with a high-risk, high reward leveraged trading option. Perpetual futures, which do not have an expiry date, are the only type of futures offered by Bitget. These contracts allow traders to use up to 100x leverage, meaning that they can trade at 100 times the value of their investments.
Copy Trading
Copy trading can be a great way for investors and traders to maximize returns while utilizing the strategies of more experienced professionals. Bitget provides this feature at no cost, which is a major plus compared to other platforms where copy trading incurs a fee. For traders, Bitget makes it easy to share their techniques and enjoy profits from followers’ gains.
Copy trading is ideal for beginners who want to make passive income while learning from experienced traders, and Bitget makes it easier than ever to achieve this. Bitget’s free copy trading feature also sets it apart from other platforms and provides users with more value. So if you’re looking to maximize your returns through copy trading, Bitget could be the right choice for you.
How to Start Bitget Copy Trading?
- To begin Bitget copy trading, go to the official Bitget homepage and click on the Copy Trade tab located in the top navigation.
- On this page, you will be presented with a list of ranking items for you to choose from. Select one that resonates with your preferences and proceed to review the professional trader's page and trading history.
- After selecting a trader, confirm your copy trade details and move on to settings.
- Here, you can select a contract type as well as the following mode that works best for you – either a unified or respective setting (based on the contract). You may also adjust any other settings depending on your needs.
- When you are ready, click next to finalize your copy trade information.
- Bitget copy trading is now ready for use! Enjoy the automated benefits it brings and make smart trades with minimal effort.
Copy Trading’s Benefits
By utilizing Bitget’s copy trading platform, both traders and followers can take advantage of the unique benefits Bitget offers. Followers have the chance to minimize risks and maximize profits while traders get a share of followers’ profits on each successful trade as well as an opportunity to build their crypto reputation.
For followers, Bitget provides many advantages such as the ability to minimize risk and maximize profit. Followers can also make adjustments by withdrawing their profits or terminating losses whenever it suits them. In addition, Bitget helps build trust with its users through careful supervision and transparency in data.
For traders, Bitget provides an opportunity to maximize their profits and build their reputation in the crypto community through a 10% share of followers’ profits on each successful trade. Bitget also provides security to its users by carefully supervising all transactions and providing transparency of data. This helps traders build trust with their followers and encourages followers to consider their recommendations.
Quanto Swap Contract
Quanto Swap Contract trading by Bitget offers users an exclusive way to use their crypto assets as collateral to trade on margins using a variety of crypto trading pairs. Instead of having to pay separate fees for converting coins, users can benefit from the higher value of the coin that they're exchanging.
To get started, users select a preferred trading pair, order type and leverage. Then, they set up the quantity and price of their order before deciding on the direction that it should take. Bitget's Quanto Swap Contract trading provides users with an easy way to trade crypto while also saving money by avoiding additional conversion fees. With this feature, Bitget users can maximize their crypto earnings without having to pay extra fees.
Quanto Swap Contract – How to Use?
- To begin trading, one must first transfer the desired amount of funds into their account, after which they can select their trading pair and leverage.
- Additionally, they must keep an eye on the PnL tab while trading to ensure they stay on top of their position in the market.
- Lastly, users have two options when closing a position – placing a limit price or using the flash close option.
Derivatives Trading
Derivatives trading is a financial instrument that allows traders to gain profits by predicting future price movements of underlying assets. By buying and selling derivatives contracts, traders can capitalize on price fluctuations in different markets such as currencies, commodities, stocks, exchange rates, etc.
Perpetual Contracts
Bitget's Perpetual contracts are a great way for investors to gain a virtual digital currency gain, while still having the option of long-term commitment. Bitget has put in the effort to make sure these contracts operate in the same manner as margin-based spot markets. The main feature that makes these contracts stand out is the Funding Cost mechanism, which tracks the underlying price index.
Bitget Perpetual contracts offer investors a wide range of investment opportunities. Bitget has taken utmost care to refine this type of investment, allowing users to choose between buying and learning for a long-term commitment or short-selling a contract with digital currency. The most remarkable element of Bitget’s perpetual contracts is the funding cost mechanism, which tracks the underlying index to ensure that the contract is priced appropriately.
Just like spot trading, Bitget perpetual contracts are based on margins and can be incredibly profitable for savvy investors. Ultimately, Bitget’s commitment to quality ensures a safe and secure investment experience.
Bitget Launchpad
Bitget Exchange has recently unveiled its newest platform, Launchpad, which allows users to gain rewards through featured projects by either holding or exchanging their cryptocurrency. Bitget's most recent project, Karmaverse (KNOT), is a metaverse gaming platform that incorporates blockchain technology. This groundbreaking protocol will enable users to access an open and secure gaming experience, while receiving rewards for staking their digital assets.
Bitget's Launchpad provides users with an easy and accessible way to earn rewards from featured projects, allowing them to maximize their profits from the token economy. With Bitget's Launchpad, users can benefit from the full potential of cryptocurrency by participating in these featured project launches.
API Trading
Bitget enables users to access global markets and trade digital assets with their API-initiated technology.
Supported Cryptos
Bitget is the leading crypto exchange that provides users with a comprehensive range of cryptocurrency investment opportunities. Boasting a portfolio of coins such as Adventure Gold Coin, Bitcoin Cash, Cardano Coin, Ethereum Classic, Ethereum, Filecoin, ChainLink Coin, EOS Token, KNCL Token, Litecoin, Tether, Tezos, TRON Coin, Uniswap Token, yearn, Polkadot Coin, Ripple, SushiSwap Token, finance Token, and Yield Guild Games Token; Bitget makes it easy to diversify and expand your cryptocurrency portfolio.
Bitget Fees
Bitget Deposit Fees
As Bitget is an entry-level exchange, it provides a great opportunity for novice traders to enter the cryptocurrency market. Bitget does not charge any deposit fees, giving users the ability to deposit both cryptocurrencies and fiat currencies into the platform. Depositing fiat currencies can be done through wire transfer, which makes Bitget an ideal option for those new to the world of cryptocurrency. Bitget Review is an excellent way for beginners to get acquainted with the turbulent yet exciting crypto market and begin their trading journey.
Bitget Trading Fees
At Bitget, it is essential to grasp the concept of spot trading and contracts before placing an order. Bitget's trading fees for spot trades are the same for both takers and makers, at 0.20%. However, users have the ability to take advantage of a discount if they pay using Bitget's native token, BFT, reducing the cost to 0.14%.
Bitget also offers contract trading options with fees of 0.06% for takers and a reduced fee of only 0.02% for makers. Bitget also provides users with an additional 33% market order bonus if they click on the registration link.
Bitget is continuously striving to provide its users with the best options for trading at the lowest fee. Bitget is quickly becoming one of the top exchanges in the digital asset market, providing a safe and secure platform to buy, sell, and trade leading cryptocurrencies. Bitget's commitment to offering low fees and excellent customer service has made it a popular choice among both beginner and experienced traders.
Bitget Fiat Withdrawal Fee
Bitget is a cryptocurrency trading platform that offers its users the ability to trade in various digital currencies such as Bitcoin, Ethereum, Litecoin and many more. Unfortunately, Bitget does not currently offer its users the ability to withdrawal funds in fiat currencies such as US dollars or Euros. This can be a major limitation for many users who want to convert their cryptocurrency investments into cash.
Bitget Crypto Withdrawal Fee
Bitget charges a withdrawal fee of 0.05%, which translates to approximately 0.0006 BTC per BTC-withdrawal. This value is slightly higher than the current global industry average of 0.00057 BTC per BTC-withdrawal, according to recent studies and reports.
Bitget's percentage-based fee structure is not out of line with industry standards, however users should be aware of the extra costs associated with using Bitget before committing to the platform. The higher than average withdrawal fee could be a deterrent if cost savings are a priority factor when choosing a digital asset trading platform.
Bitget Pros & Cons
Pros
Bitget is a cryptocurrency exchange that provides users with a wide range of benefits to meet their trading needs. It has a user-friendly platform and offers an array of features such as demo accounts, convenient support service, wide range of cryptocurrencies for deposit, copy trade service for passive income generation, bonus program to reduce commissions, algorithmic trading and hot/cold cryptocurrency wallets for secure storage of client funds. Bitget provides an all-encompassing solution to meet the needs of traders from beginner to advanced levels.
Key features:
– Demo accounts
– Convenient support service
– Various cryptocurrencies for deposit
– Copy trade service for passive income generation
– Bonus program to reduce commissions
– Algorithmic trading
– Hot/cold cryptocurrency wallets for secure storage.
Cons
Bitget does not support deposits or withdrawals in fiat currencies and there are no educational materials available on its website for novice traders. This means that users who are new to trading digital assets will struggle to use Bitget effectively.
Bitget could benefit from including a range of educational resources and supporting deposits and withdrawals in fiat currencies, to make it more accessible to those who are new to the cryptocurrency trading space. This would help them get a better understanding of how digital currency works and enable them to take part in Bitget's services with confidence.
FAQs
Is Bitget Regulated?
Bitget is a legitimate and secure cryptocurrency exchange. It has an authenticated HTTPS connection, which ensures that all data and communication between users and Bitget are well-protected. Bitget's popularity has skyrocketed due to its high traffic volume, making it one of the most renowned crypto exchanges in the world. Bitget offers an array of services, making it a trusted choice for crypto traders. Bitget is certainly not a scam but rather a reliable platform offering quality services to its users.
What is the best way to contact Bitget?
Bitget provides an array of contact email addresses to ensure their customers have the necessary support they need. For general inquiries, Bitget has an email dedicated to user support at support@bitget.com.
Those with business related inquiries can direct their emails to BD@bitget.com, and those seeking trading advice can reach out to vip@bitget.com. Bitget provides these contact details to make sure all queries are addressed quickly and effectively. With Bitget's helpful customer service solutions, they strive to provide the best possible experience for their users
Is Bitget a Safe and Legit Platform?
Bitget is renowned for its security, safety, and reliability. The exchange has implemented bank-level security protocols to ensure that all user funds remain safe and secure. Bitget has also earned an A+ rating for 12+ SSL indicators, further proving the trustworthiness of the platform.
To further protect customers' funds Bitget utilizes cold wallet storage which keeps the majority of customer funds away from possible external threats. Bitget also employs a comprehensive system to protect its information and assets, making it one of the most secure exchanges in the industry.
How Do I Deposit Money into Bitget?
Bitget makes it easy and secure to start trading right away! With just a few clicks, you can securely deposit funds into your account so that you can begin investing in the market with confidence. Bitget offers an efficient system for quickly transferring money – no worries about the security or safety of your hard-earned cash.
Can I use Bitget in the USA?
Bitget is a highly regulated exchange platform both in the US and beyond. The exchange holds licenses from multiple countries, including the United States, Canada, Australia, and Singapore, granting traders in those countries legal access to Bitget's services. Bitget puts an emphasis on safety with its adherence to regulations set by FinCEN to ensure that all transactions are secure and that traders' funds remain safe.
