Bitget is a cryptocurrency exchange that is ranked among the top 5 derivative exchanges in the world. This is one of the fastest-growing crypto derivatives trading platforms. In this exchange review, we will give you complete detail about its features, trading guides, pros, cons, and much more
| Official Website | https://www.bitget.com/en/ |
| Founding Year | 2018 |
| Head Quarters | Singapore |
| Trading Volume | $606 Million |
| Trading Options | Spot, Margin, Derivatives, P2P |
| Trading fees | 0.10% |
| Total listed Coins | 500+ |
| Trading Pairs | 550+ |
| Supported fiat currencies | 40+ |
| Withdraw options | ERC, TRC, BEP 2, BEP 20 supported |
| Bank withdrawal Supported | Yes |
| Withdraw fees | Depends on cryptocurrencies |
| Deposit methods | SEPA, ACH, Bank Transfer, Debit/ Credit Cards |
| Restricted countries | 10+ |
| Native Token | Bitget Token (BGB) |
| Mobile app | Available on Apple & Google Play Store |
| Support Channel | https://www.bitget.com/en/support |
| Coinpedia rating | 6/10 |
| Security rating | 6/10 |
| User Interface | Easy to use |
| Ease to set up | Very easy |
| App store Rating | 4.3 |
| Play store Rating | 4 |
| Security | Security issues reported |
| Hacking attempts/Hacks | Hacked in 2022 |
| KYC verification duration | 24 hours |
| Regulation & Compliance | Compliant |
| Liquidity | Highly liquid |
| Proof Of Reserve | https://www.bitget.com/en/reserveCertificate |
Bitget is a centralized cryptocurrency exchange that was founded in 2018. It is ranked as one of the top 5 exchanges by volume for trading derivatives by coingecko. Currently, it has 8 million users and 1.1 million followers on its social accounts. It generated $100 billion in trading volume in 2021. The average daily trading volume is $10 billion. It has got 800+ employees from 40+ countries.
Upholding the mission of Better Trading Better Life, the platform aims to provide global customers with liberal, ultimate, and fair trading. The process of trading is smooth and suitable for even a beginner trader.
Bitget Token (BGB) is the native token of Bitget exchange. With staking you can get up to 5% APY on average. It has got several structured investment products where you can earn passively.
The exchange offers 450+ cryptocurrencies on its platform. Some of the popular cryptocurrencies are
Let us learn how to create an account with Bitget
Let us learn how to buy cryptocurrencies on Bitget
Let us learn to sell cryptocurrencies on Bitget
Let us learn to deposit cryptocurrencies on Bitget
Let us learn to withdraw cryptocurrencies on the Bitget exchange
The Bitget exchange does not charge fees for depositing cryptos or fiat currency. However, withdrawal fees vary for different cryptocurrencies and there is a minimum withdrawal amount for withdrawing each cryptocurrency. For spot trading, Bitget levies a 0.1% fee for both makers and takers. But, if you opt to pay these fees using Bitget Token (BGB), you can benefit from a reduced fee of 0.08%. Bitget also offers a VIP program, which provides exclusive services such as a dedicated account manager, access to high yield products, and expedited deposit and withdrawal processes. The fees within the VIP program are even more attractive, with maker fees beginning at 0.06% and potentially decreasing to as low as 0.01%, while taker fees start at 0.08% and can drop to a minimum of 0.04%.
Bitget launched a referral program where you can invite friends and earn up to 3 USDT for successful KYC completion. If your friend completes a required trading volume you can earn up to 2802 USDT in a year.
Bitget also has an affiliate program where you can earn a 50% trading fee commission for every trade made by your referee. All you need to do is apply for the program, get a unique referral link, and invite friends and you can start getting bonuses as soon as they start trading.
Bitget Mobile App is available on both Apple and Google Play stores with a rating of more than 4.5 stars. With the mobile app, you can trade over 450+ cryptocurrencies and all with a few clicks. The app is smooth and easy on the eye.
The exchange has an exclusive webpage where you can find answers to your general queries related to account settings, trading tools, and the latest announcements. You can also email them for emergency issues related to your account. There is no phone or chat support by Bitget.
May 2023 – Bitget has obtained a Virtual Asset Service Provider (VASP) registration in Poland! This registration allows us to operate legally within the Polish market, marking a massive stride in our ongoing efforts to expand our presence across the European Union.
Nov 2022 – Bitget partners with Jesse – The most advanced crypto trading bot
Oct 2022 – Lionel Messi Partners with Bitget as the Global Crypto Partner
Bitget became a recent victim of the cryptocurrency hack on 26 Dec 2022. Bitkeep, a non-custodial wallet owned by Bitget was hacked and $8 Million worth of cryptocurrencies were stolen from the account. It launched the DEX aggregator following the attack to prevent further hacking. TEH, BNB, USDT & DAI are some of the cryptocurrencies that were stolen from their wallet.
The exchange announced that it will reimburse the affected customers using Wallet Security Fund.
Bitget exchange is one of the emerging cryptocurrency platforms with multiple partners and a strong social presence. The exchange stands out to be unique due to its innovative technologies and devoted futures trading platform.
“Better Trading, Better Life” is the motto of Bitget. Bitget has been providing high-security features so far. However, it was hacked in December 2022 where it lost assets worth $8 Million. This is indeed an alarming event. However, the Bitget team notified that all the affected users will be reimbursed using the exchange’s security fund.
Bitget faced a security breach in December 2022. It’s important to thoroughly research and consider this factor before deciding to invest with this exchange.
Yes, Bitget is a licensed and regulated exchange in the U.S. Residents of the U.S. can use Bitget
Yes, in Dec 2022 the exchange’s non-custodial wallet – Bitkeep was hacked and assets worth $8 Million were stolen from the account. The affected users will be reimbursed using the exchange’s security fund
Bitget has more than 450 cryptocurrencies and the platform is simple and easy to navigate. It has no trading fees as of now and hence it is good for beginners who want to venture into the crypto world.
In order to increase the withdrawal limit, you need to complete KYC verification. Without KYC verification the buying limit and withdrawal limit will be less.
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