It’s harder to find the best Crypto exchange because there are so many, but that’s how we find out who is competing in what field, right? Bitget Exchange is one of the best new crypto exchanges in terms of security, trading fees, an easy-to-use interface, and fast deposits and withdrawals.
In this study of the Bitget exchange, we will discuss its advantages and disadvantages, its most important features, and some of the platform’s history and background. Additionally, we will present a summary and discuss how it compares to other exchanges. Get a move on, shall we?
Summary
A Quick summary for our Hasty readers who wanna know its main features and pros & cons.
Bitget is a KYC Free trading platform with advanced trading tools and innovative services. Additionally, Bitget is a secure and authorised platform with millions of active & trusted users with over $5 Billion Daily Total volume.
- Top-notch Security
- Various options to buy crypto
- Mobile Application Compatiable
- Advanced Trading Features & Tools
- Regulated Exchange
- Not beginner friendly
- No Fiat Support
- Regulated Exchange
| Company | Bitget Exchange |
| Founded by | in May 2018/ |
| Exchange Score | 6.0 ( CoinMarketCap Exchange score ) |
| List of coins | 300+ coins |
| Native Token | $BGB |
| Supported countries | All Major countries |
| Trading Info | It Supports Margin trading, Futures & Options, Trading Bot, Copy trading, Leveraged trading, P2P trading, MegaSwap |
| Trading fees | Spot Fees: 0.01% Maker Fee, 0.01% Taker Fee Future Fees: 0.02% Maker Fee, 0.06% Taker Fee |
| Deposit & Withdrawal | No Deposit fees and Unspecific withdrawal fees within its network |
| Rivals | Kraken, Kucoin, Bitfinex, Binance, OKX, & Coinbase |
| Supported Countries | Supported in over 220 countries |
| Customer support | 24/7 Live chat, Email support in immediate time, Social Media platforms |
Bitget Exchange
Bitget Exchange is an all-in-one cryptocurrency exchange that came out in 2018 with the motto “Better trading, better life.” On the site, you can buy, sell, and trade more than 250 different types of crypto assets using tools that experts would use. You can buy these things on the market.
Bitget has a daily trading volume of about $365 million, but during the bull run, it reached a peak of about $10 billion. Customers can trade on the platform with confidence because it follows the best security practices in the industry.
The US, Canada, Australia, and Singapore have all been given licences to use Bitget Exchange. This means that traders from these countries can now legally trade on the platform.
Core Features
Throughout this entire Bitget Exchange Review, the exchange’s several attributes have been assessed. The finest items that Bitget provides to its traders are mentioned below.
Keep Continuing reading Bitget Exchange Review to have a comprehensive understanding of everything Bitget has to offer.
1. Trading Experience:
Bitget lets you trade in the spot market, trade derivatives, and copy trade. Customers can choose from a variety of options, depending on what they want. Contracts for perpetual futures, which are used in Bitget Futures trading and are similar to contracts for difference, are a popular derivative instrument in cryptocurrency trading.
Leverage means that a person can invest more money than they have in their bank account right now. Bitget Exchange offers a leverage of 125x for trading pairs like USDT/BTC. This means that a user can open a trade with 100 times the amount of money that they initially deposit. So, if there is even the slightest movement against the user’s Bitget account, they will no longer be able to get to their money. This is true even for the smallest moves.
2. Bitget Launchpad
Launchpads allow regular traders and investors to get early access to ideas that used to be available only to venture capital firms and people with a lot of money and connections in high places.
Bitget carefully chooses a few of the most promising projects for its customers to take part in. Customers can buy tokens in the project while it is still in its early stages, before the project is put on the platform officially.
3. Bitget Governance token
The BGB token is the native utility token for the platform. It’s an ERC20 token that can be staked for 6% APR, used to make social trading easier, and used to lower trading fees on platforms. You can use the token in the following ways:
- Trading commissions will be cut by 15% to 20%.
- The BGB token can be used as a contract margin when trading contracts.
- For “Trade to Earn” programmes, give tokens.
- When people use BGB margins on Coin Margined futures, they can get a 15% discount on the commissions.
- Traders can use the Bitget token to take advantage of some Launchpad features and find possible ways to work together.
4. Payment Methods
There are quite a few different ways to deposit and withdraw money with Bitget. 2021 saw the launch of several new deposit ways for purchasing cryptocurrencies with fiat currency on Bitget Exchange. These new deposit methods were made available through two different payment processors, including Banxa and Mercuryo. When purchasing cryptocurrency, you have the choice of using Mastercard, Visa, Apple Pay, or Google Pay as a payment method. Depositing fiat currency does not incur any fees thanks to this exchange’s policy.
5. Bitget Copy Trading
Since Bitget copy trading went live, more than 200,000 traders have signed up to use it. This shows how quickly it has grown in popularity since it began. In terms of copy trading, the platform is easy to use and has a large number of users.
Beginner traders can learn from more experienced traders and pick their brains while making money, just like an apprentice would learn from an experienced craftsman. If a trader has studied Bitcoin and is an expert at trading Bitcoin, they can focus on that and find another trader who is an expert in Ethereum’s trading habits, patterns, and price movements, and then copy their ETH trades. If a trader has learned about Bitcoin and knows how to trade it well, they can focus on that.
Traders with a lot of experience can teach other people how to use their strategies and make money at the same time. Why not make some extra money by letting other people copy your trades if they are already going to trade? Traders who want an easy way to make money could do well by copying the actions of people who have been in the market for a long time.
6. Bitget Quanto Swap Contracts
Bitget Exchange is the only platform that can do this unique and interesting thing. Customers can use a variety of crypto assets as collateral and trade crypto on margin using a number of different crypto trading pairs when they use this feature.
The main benefit of this is that it lets merchants keep the fees they charge to exchange coins for coins and make money from the coins’ rising value.
Account Opening Process
According to our Bitget Exchange Review, Be a part of such a successful crypto exchange right now by creating an account for yourself right away!
To establish an account with Bitget, please follow the steps stated below:
Step 1: The first thing you should do is check out the Bitget Exchange website.
Step 2: From the menu located in the top right corner, select “Sign Up,” and then fill out the form that appears. The time it takes to register is variable and is determined on how long it takes bitget to examine the data of your account.
Step 3: Activate the 2-Factor Authentication.
Step 4: link your method of payment.
Step 5: make a deposit and then start trading.
You can keep using Bitget without KYC verification but of course with some limitations.
Identity verification requires more steps to be followed with some private documents authorized by the government. However, You can still execute some deposit and withdrawal trades without any KYC verification.
Bitget Services
1. Bitget Earn
The opportunity to generate passive income from your cryptocurrency holdings has emerged as a key component of our market, and the majority of the main exchanges include some form of an earn section.
Bitget Exchange is still way far away from offering the best earn features, They have very limited offers compared to any big exchange titans like Binance, Kucoin, etc.
In order to compete with nearly every other cryptocurrency platform that has more strong earning options, Bitget needs to make a lot of improvements in this area.
2. Bitget Savings
In order to make up for the lacklustre earning part, Bitget also includes a savings section that enables users to deposit cryptocurrency and earn daily interest in a customizable manner that is redeemable at any time.
There are some good APYs available here, ranging from 1% for BTC to 5.5% for LINK.
3. Bitget Mobile App
Most cryptocurrency traders think that desktop computers are the best way to trade. The screen on the computer is bigger, and bigger screens can show more information. This makes it easier for traders to move around and helps them make trading decisions at the same time.
It will be easier to read both the chart and the trading history. Cryptocurrency traders don’t need desktop computers to do their jobs. In fact, many investors would rather use trading apps on their mobile devices. The mobile app can be downloaded from Google Play and the App Store for Android and iOS, respectively.
4. Bitget Affiliate Program
At the moment, Bitget Exchange is working to expand its service offerings and is doing so in marketplaces all over the world. The company’s affiliate programme serves as a tool for increasing the number of clients it serves. The most important duty of a referral is to find active traders who are interested in joining Bitget Exchange. Bitget provides each affiliate with a referral link as well as marketing materials in order to accomplish this goal.
Only customers whose orders have been successful will be allowed to participate in the affiliate programme. Information on payments and referrals is available to traders in the user account section of the site.
Affiliates of Bitget are not restricted in any way in terms of when they can withdraw funds. People who take part in the affiliate programme will be eligible for various discounts and other benefits. They are able to get in touch with industry experts at any time of the day or night to solicit assistance and acquire promotional items for their company.
5. Bitget Interface Experience
It was found that both the website platform and the mobile platform were well thought out and laid out, easy to use, and had a good user interface. I noticed that this platform is not very easy for new traders to use. This is because it has a lot of complicated interfaces and advanced trading options that are meant to meet the needs of experienced traders.
Since TradingView is built into the trading interface, it can be used by traders of any skill level or need. I also like that I can change the look of the exchange interface. Not all exchangers let you do this. Traders can choose between a light mode and a dark mode, and they can also move and change the size of displays to suit their needs.
Bitget Fees
Spot Fees: 0.01% Maker Fee, 0.01% Taker Fee
Future Fees: 0.02% Maker Fee, 0.06% Taker Fee
When a user places an order, the exchange will charge them a fee for trading. Most of the time, the trading commission is a small portion of the value of the trade. Many exchanges split the costs of the maker and the taker. The maker adds to the order book, and the taker removes orders from the book. This creates liquidity in the market. The maker fee is 0.20 percent and the taker fee is 1 percent. This is called the spot trading fee.
At Bitget Exchange, you must know how options and contracts work for spot trading. For spot trades, both buyers and sellers pay a commission of 0.20%. When the user pays the fees with the exchange’s own token, the Bitget DeFi Token, the charge drops to 0.14 percent (BFT).
Contract buyers pay a 0.06 percent trading fee, which drops to 0.04% after a discount. If a user clicks the link to sign up, they will get a 33 percent market order, while sellers pay a 0.02 percent trading fee.
Withrawal Fees:
Bitget charges 0.0006 BTC per Bitcoin withdrawal, which is higher than the industry standard. Each Bitcoin withdrawal costs 0.00053 BTC, the industry standard.
Security
After reading a number of reviews about Bitget Exchange, we can say this with confidence because it protects users in very high ways. Australia, Canada, and the US all have regulatory bodies that have given licences to use the platform. They store users’ assets in cold and hot wallets, which are kept separate from each other. According to the information on their website, it got 12 A+ grades from SSL Labs. Before traders can send money to the exchange, they must first set up a two-factor authentication.
The licences for the exchange came from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in Canada, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury, and the Australian Transaction Reports and Analysis Center in Australia. These groups are based in the U.S., Canada, and Australia, in that order (AUSTRAC).
Customer support
There is no justification, in my opinion, for subpar customer assistance given that the majority of these exchanges make millions of dollars in profit each year. Support is crucial in a field that deals with real-time money transfers, particularly for novice traders. When a trader has live trades open on a platform and there is a problem, it can mean the difference between losing little money and losing the entire account.
Bitget’s customer service can be initiated in a number of ways. Bitget gives users who have trouble figuring out what they should trade live chat, a lot of lessons, and help with all parts of the trading process. There is also a section on the site called “Frequently Asked Questions” (FAQ) that answers basic questions that the user might miss otherwise.
If you have a problem with a transaction or want to make a complaint, you can talk to the support desk by clicking the help bubble in the bottom right corner of your screen. Customer service is always available to answer questions.
Takeaway
Bitget Exchange is an extensive cryptocurrency exchange that provides an abundance of trading tools as well as simplicity when it comes to the acquisition of assets. Their service is enhanced by additional elements such as strategic trading and futures trading, which makes it appealing to experienced traders as well.
Bitget is a secure and authorised platform that has millions of concurrent users that have faith in the company and its services and who invest their money with the company. Bitget is the place to go if you’re searching for a platform that allows you to purchase, invest, and trade in the simplest yet most sophisticated methods possible.
Bitget Exchange also has higher fees for buying crypto because the third-party payment providers that help people buy crypto also charge fees. It would be great if fiat deposits could be made directly on the platform without going through a third party.
The exchange has become popular and attracted users looking for KYC-free trading because of its advanced trading interface and cutting-edge tools like copy trading and strategic trading.
That’s everything you needed to know about Bitget Exchange review, Read more reviews on CryptosharX.com
