Established in 2018, Bitget has grown rapidly into one of the leading crypto derivatives exchanges, supporting spot trading and futures. The website has more than 2 million registered users, and its daily average futures volume was ranked in the top five in March of 2022 on CoinGecko.
Bitget’s network of partnerships expands from traditional sports to eSports. From Juventus and Galatasaray, to PGL. Bitget has a valuation of $1 billion, and it has an average daily volume of $10.5 billion, according to its website. Read through this review to see what unique features make this exchange stand out from others.
Pros and Cons
Pros
- Low Transaction Fees
- Copy Trading Feature
- Licenses Acquired
- Unified Contract
Cons
- Limited Service in restricted countries and/or region
- Limited Educational Resources
Who Is Recommended For?
Crypto trading is not the best starting ground for beginner traders due to its inherent volatility, but Bitget offers an interesting alternative, One-Click copy trade, for beginners to trade digital assets. One-Click copy trade enables Bitget users to copy other professional traders’ every move.
Traders looking for an innovative trading experience with the ability to copy other traders will like this broker, as will all others who are serious about trading crypto.
Top Features
- Launchpad. This feature will be discussed in detail down below, but it is an example of the “unique” innovations we talked about above. With Launchpad, Bitget handpicks “the brightest projects” for its clients, and it lets clients purchase tokens when they are still in their early stages (before, hopefully, they go supernova).
- Rewards Center. This exchange provides a “Reward Center” for those who complete a handful of tasks. The Reward Center consists of cash incentives and trial funds. For example, when you complete your first-ever futures trade, you will receive a $20 coupon that can be applied to both Coin Futures and USDT futures. Also, when you finish a KYC verification, you get a $3 coupon.
- BGB. BGB stands for Bitget Token, and it is an upgraded token from this broker. BGB has been changed and adjusted over the past few years, yet it still remains as the backbone of the Bitget ecosystem. There are a lot of benefits to trading BGB. Here is the coin’s whitepaper: https://bitget.zendesk.com/hc/en-us/articles/4405311104781.
- Affiliate Program. A lot of crypto exchanges take advantage of social media marketing, and Bitget is no exception. You can apply for Bitget’s affiliate program. If you become a partner, you can earn passive income and monetize your social media influence by advertising for Bitget.
- Ease of Use. One thing that is very noticeable with this exchange is how easy it is to buy and exchange cryptocurrency. Bitget makes the entire process simple, which is something that traders of all experience levels will appreciate.
Overview
- Type of Broker Market-Maker
- Regulation & Licensing U.S. MSB License, Canada MSB License, Australia Digital Currency Spot License (https://www.bitget.com/en/compliance)
- Clients Accepted from Bitget currently does not support users from the following countries or regions: Singapore, Mainland China, Macau, North Korea, Iran, Syria, Afghanistan, Cuba
- Assets Offered Crypto Derivatives
- Platforms Available Web, Mobile
- Mobile Compatibility iOS, Android
- Payment Types Accepted VISA, Apple Pay, Mastercard, Google Pay
Account Types
Features |
Trade crypto derivatives |
Account Currencies |
USD |
Available Leverage |
N/A |
Minimum Deposit |
$50 (depending on the region you are operating in) |
Commission Per Trade |
Spot Fee Rate: 0.01% Maker Fee, 0.01% Taker Fee Future Fee Rate: 0.02% Maker Fee, 0.06% Taker Fee (depending on the region you are operating in) |
Decimal Pricing |
N/A |
Trading Instruments |
Crypto Derivatives |
Min. Lot Size Per Trade |
N/A |
Max Value Per Trade |
N/A |
Demo Account |
Yes |
Swap/Rollover Free |
N/A |
Copy Trading Support |
Yes |
Compliance & Regulation
Bitget has its U.S. MSB License, Canada MSB License, and Australia Digital Currency Spot License. To access this information in further detail, go to: https://www.bitget.com/en/compliance.
Reliability & Security
Safety and reliability are sometimes not easy to come by in the crypto industry. Because of Bitget’s regulatory compliance, as well as its security measures (such as its verification channel), Bitget appears to be reliable. Coindecap described Bitget as “safe and reliable,” and Coinpedia said the same, noting that Bitget has an A+ ranking for over 12 ratings in SSL labs. Though crypto trading isn’t known for its reliability, Bitget upholds safety and security to a relatively high standard for its users.
User Experience
Bitget is, when compared to a lot of other financial companies in the fintech industry, relatively new. However, that hasn’t stopped its clients from reviewing the business. Here are some ratings and their sources that may prove useful when determining how positive or negative the user experience at Bitget is:
- Cryptowisser: 3.4/5
- Revain: 3.5/5
- CryptoVantage: 3.8/5
- Nomics: 2.5/5
Final Thoughts on
When it comes to cryptocurrency, half the battle is choosing a good platform. Bitget has low transaction fees, unique features that benefit traders, and a solid regulatory basis. If you’re looking for an exchange with a lot of features, Bitget is a solid choice. Just remember: the crypto industry is volatile and high-risk, no matter how excellent the platform on which you are trading.
Contact Info
9888 W Belleview Ave Ste 2142, Denver, CO, United States
FAQs
Q: Where can I access the Bitget app?
A: You can access the Bitget app from the App Store (iOS), Google Play, and Android APK.
Q: What is the best way to contact Bitget?
A: On its website, under “Contact Info,” Bitget provides three email addresses: one for support, one for business opportunities, and one for trading quant & MM. For support, email support@bitget.com. For business, email BD@bitget.com, and for trading quant, email vip@bitget.com.
Q: Can I follow Bitget on social media?
A: You can. This broker has profiles on Twitter, LinkedIn, Reddit, Facebook, Instagram, Medium, and Discord.