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Summary
The blockchain space is filled with cryptocurrency exchanges competing for attention. In this ever-evolving realm, Bitget has carved its market position, becoming a top exchange in just a few years of operation.
Bitget was established in 2018 and has its headquarters in Seychelles. It has become a top choice among traders seeking crypto derivatives and copy trading. It has a user base of over 20 million people spread across 60 countries. Furthermore, Bitget is also challenging established players by offering a unique blend of low fees and advanced features for traders.
This article is a detailed Bitget review, including its features and various aspects, to help you analyze if it is the right choice of crypto exchange for you.
Bitget Review
Features
Ease of Use
Customer Support & Security
Fees
4.3
(Overall Rating)
Key Features
- Copy Trading: The availability of copy trading services makes Bitget an ideal choice for beginners. It lets users mimic the trades of successful investors, providing them with a learning opportunity.
- Social Trading: Social trading is effective in creating a community atmosphere. It helps the users engage with fellow traders, share insights, and learn from experienced traders and whales.
- Futures Trading: With Futures trading, Bitget lets users speculate on future cryptocurrency prices. It helps in potentially yielding profits for accurate predictions.
- Private Keys: Bitget provides users with private keys to safeguard their funds. Being a non-custodial platform, this is how it enhances security for the users' funds and assets.
- Early Access to New Tokens: Users utilizing Bitget gain access to new digital assets before the broader market. This helps provide a strategic edge in trading for the users.
- Bitget offers a wide range of crypto services, including spot trading, leveraged trading, perpetual contracts, as well as copy trading.
- It supports more than 550 cryptocurrencies and numerous other digital assets. This provides the users with diverse trading options.
- It charges low trading fees, especially for spot trading, thus becoming a cost-effective exchange for traders.
- HODLers of the native token BGB can enjoy up to 20% discount on various trading features.
- Bitget focuses on user security and implements robust measures such as the Bitget Protection Fund for enhanced security of the funds.
- It has a dedicated customer support team that is 24x7 available, ensuring an easier reach for the users seeking any assistance.
- It has a limited availability of low-cap coins and new altcoins. Users looking for newer coins might not be happy with the options available.
- Not available in all countries.
- High fees for purchasing cryptocurrencies with a card.
Setting up an account on Bitget
Setting up an account on Bitget and getting started is a straightforward process. Here’s how to do it:
- Visit the Bitget website or download the iOS/Android app as per your feasibility and click on Sign Up.
To Sign Up, you may proceed with your email or phone number or continue with an existing crypto wallet via Metamask/WalletConnect.
- Provide the details and agree to the privacy policy and agreement terms to proceed further.
- A confirmation/verification code is sent via email/phone. Fill it to proceed with the account creation further.
- You will receive a popup for successful signup with a prompt to proceed with KYC verification.
- Complete the verification to begin trading on Bitget.
Bitget KYC
Bitget requires the users first to complete the Know Your Customer (KYC) process before proceeding with trading on the app. This ensures regulatory compliance and enhances the platform’s security.
To complete the KYC verification, follow these steps:
- Submit essential information, including your name and nationality.
- Upload a government-issued ID such as a passport, driver’s license, or residence card for further verification.
- Once verified, the KYC process completes and the user gets a verified tag for their account.
Bitget Availability
Bitget review shows that it operates globally, and primarily adheres to international regulations and laws. However, it has specific operational restrictions in certain countries.
Here is a list of the countries where Bitget is non-functional and restricted:
- United States
- Canada (Ontario)
- Cuba
- Crimea
- Hong Kong
- Iran
- North Korea
- Sudan
- Singapore
- Syria
Bitget Security
Security is essential for Bitget’s operations. As it continues expanding globally, here’s an overview of the security measures that it has employed:
- Operational Location: Bitget adheres to KYC laws globally. This ensures that it follows anti-money laundering protocols for the users’ ID verification.
- Insurance Fund: Bitget maintains an insurance fund as an additional safeguard against certain incidents. This also helps enhance user asset protection.
- Leadership Expertise: The founders and executives of Bitget hold profound expertise in cybersecurity and institutional finance. They also have experience from reputable organizations like Deutsche Bank and Baidu.
- Infrastructure: Bitget makes use of AWS cloud hosting globally. This helps ensure a strong and false-proof infrastructure. The presence of dedicated DDoS protection and SSL encryption also helps ensure secure communications.
Bitget Customer Support
Bitget offers customer support through various channels for easier and enhanced reachability, as follows:
- BGBOT: It is an automated chatbot. It offers 24/7 assistance, providing immediate responses to standard queries, and is directly accessible from Bitget’s home page.
- Email Support: for varying queries, Bitget also provides the following email addresses for the users to reach out to the support team:
- Business Inquiries – [email protected]
- Trading Quant & MM – [email protected]
- VIP Services – [email protected]
Bitget Fees and charges
Understanding Bitget’s fee structure is crucial for effective cost management. Here’s what it looks like:
- Deposit Fees – 0: Bitget does not charge fees for depositing cryptocurrencies into your account.
- Spot Trading Fees: Traders are charged a standard fee of 0.1% on spot trading. However, the BGB token holders get up to 20% discount.
- Futures Trading Fees: Makers pay a fee of 0.02%, while takers pay 0.06% per trade for accessing Futures trading on Bitget.
Is Bitget the best exchange for you?
Bitget has impressive growth, user base, and daily volumes, and it is a top-tier exchange. It offers an extensive range of features and is also committed to community initiatives. The platform’s dedication to security, innovative concepts like Quant trading automation, and strategic priorities position it as a reliable and trustworthy solution for beginners as well as experienced traders.
Bitget’s commitment to positive global change further adds to its appeal. This also makes it a leading contender in the dynamic world of cryptocurrency exchanges.
Frequently Asked Questions (FAQs)
Where is Bitget based?
Bitget has its headquarters in Seychelles.
When was Bitget founded?
Bitget was founded in 2018.
Who owns the Bitget exchange?
The founding team of Bitget comes from a traditional finance background. They entered the blockchain technology space in 2015.
