Bitget is a cryptocurrency alternate based in 2018 and based mostly in Seychelles. It options various cryptocurrency buying and selling options, together with spot buying and selling, copy buying and selling, and futures buying and selling.
Bitget works with many fashionable digital currencies and advertises a extremely safe platform backed by reserves masking greater than 100% of buyer deposits.
Right here’s a more in-depth have a look at Bitget’s options and pricing that can assist you determine if it is smart to your crypto buying and selling and investing wants.
Be aware: As of this writing, Bitget is unavailable to customers in Singapore, North Korea, Iran, Syria, Afghanistan, Cuba, and the USA.
- Spot buying and selling, futures buying and selling, and duplicate buying and selling supported
- clear proof of reserves
- Claims to be the most important copy buying and selling alternate worldwide
International Crypto Trade, Spot, Futures, and Copy Buying and selling Supported
Spot buying and selling of 100+ currencies
Normal 0.1% charge for makers and takers
Who Is Bitget?
Bitget is a cryptocurrency and cryptocurrency derivatives alternate based in 2018. It operates worldwide, although it doesn’t help a number of nations together with the USA.
Bitget presents a wide range of crypto buying and selling merchandise, together with spot buying and selling and futures contracts. It additionally presents a wide range of options and companies, corresponding to a user-friendly interface, a wide range of order sorts, margin trading, and automatic trades.
It claims to be the largest copy-trading alternate on this planet, with this technique accessible for each spot and futures trades. It has over 8 million registered customers and facilitates $10 billion in every day buying and selling quantity.
What Does Bitget Supply?
Bitget’s important merchandise revolve round several types of cryptocurrency buying and selling.
The spot buying and selling platform at Bitget is intuitive for anybody with lively buying and selling expertise.
- Purchase cryptocurrency: Purchase USDT, Bitcoin, and different cryptocurrencies with a bank card or cell cost platform. You should buy crypto from different platform customers with out added charges. You’ll be able to choose a number of third events to facilitate purchases or deposit from a linked account denominated in euros, British kilos, or Brazilian reals utilizing PIX.
- Spot buying and selling: Spot buying and selling, or on the spot trades at present market charges, are supported with affordable charges in comparison with different platforms. Bitget works with greater than 100 totally different cryptocurrencies on its spot buying and selling platform.
- Futures buying and selling: Futures buying and selling is a kind of economic by-product that enables buyers to purchase or promote an asset at a predetermined worth on a specified date sooner or later. Bitget helps futures buying and selling with many currencies with superior instruments to tell or automate your buying and selling technique.
- Copy Buying and selling: With copy buying and selling, you may mimic the trades of different platform customers. When you choose the best dealer to observe, you may end up incomes earnings with little or no work. Nevertheless, there are all the time dangers concerned with crypto buying and selling. You should use copy buying and selling in spot and futures markets or observe a selected technique. Star merchants earn a revenue share when others copy their trades and techniques.
Bitget additionally operates with its personal token, the Bitget Token (BGB). You will get reductions on charges when utilizing BGB for trades. As of this writing, the market cap of BGB is $667 million, making it the 221st greatest cryptocurrency in line with CoinMarketCap.
Are There Any Charges?
Bitget prices charges corresponding to many different giant cryptocurrency platforms. It makes use of a maker/taker mannequin and deducts charges from customers’ trades.
- Deposit charges: Deposits are fee-free from Bitget, although some third-party cost processors might cost their very own charges on Bitget deposits.
- Withdrawal charges: Withdrawal charges fluctuate by foreign money. Test charges earlier than withdrawing. They’ll add as much as a big quantity on sure transfers.
- Spot buying and selling charges: Spot trades are topic to an ordinary 0.1% charge for makers and takers. It can save you 20% on these charges when paying with BFB.
- Futures buying and selling charges: Futures charges additionally use a maker/taker mannequin and fluctuate by foreign money. Most trades value 0.02% for makers and 0.06% for takers.
Devoted customers referred to as VIP customers can qualify for decrease charges and extra buying and selling merchandise.
How Does Bitget Examine?
Bitget is a comparatively new cryptocurrency alternate, however it has shortly change into one of many largest on this planet. It presents many options and companies, together with spot buying and selling, derivatives buying and selling, and margin buying and selling. Bitget additionally has a powerful concentrate on safety and compliance.
Bitget’s largest opponents are Binance, FTX, Coinbase, and Bybit. These exchanges are all well-established and provide the same vary of options and companies. Nevertheless, there are some key variations between Bitget and its opponents.
One of many greatest variations is Bitget’s concentrate on derivatives buying and selling. Bitget presents a wider vary of by-product merchandise than opponents. This makes it a good selection for merchants who need to commerce futures, choices, and perpetual contracts.
One other distinction is Bitget’s charges. Bitget’s charges are decrease than these of most different exchanges. This makes it a good selection for merchants wanting to save cash on charges.
How Do I Open An Account?
- Go to the Bitget web site and click on on “Signal Up.” You’ll be able to join with an e mail deal with or cell phone quantity. Bitget has cell apps for Android and iOS. You’ll be able to obtain and signup utilizing the cell app as effectively.
- Enter your contact particulars, select a safe password, and add a referral code when you’ve got one. Bitget presents promotions that might enhance your account worth when signing up.
- Comply with the hyperlink to ascertain your new account. You’ll obtain an e mail from Bitget with a verification code. Enter the verification code and click on “Confirm” to finalize your account.
Bitget requires sure ‘know your buyer’ (KYC) info to entry all account options and lift your account limits.
- Earlier than finishing KYC: Each day withdrawal restrict of $50,000 and month-to-month withdrawal restrict of $100,000.
- After Finishing KYC: Each day withdrawal restrict of $3 million.
When you’ve signed up for any monetary accounts or cryptocurrency exchanges previously, the signup course of will possible really feel acquainted. As soon as they full KYC, customers get a $3 bonus deposited of their accounts.
Is My Cash Protected?
Bitget places an additional emphasis on buyer account safety. It has a number of measures to guard consumer funds, together with chilly storage, multi-factor authentication, safety audits, and consumer schooling. Bitget additionally offers customers with academic assets on safety finest practices.
Within the post-FTX world, proof of reserves is a essential providing for cryptocurrency exchanges. Whereas it’s still best to hold your crypto in your own wallet outside of an exchange, Bitget does an excellent job of transparently reporting what property it holds. Primarily based on its insurance policies and self-reported reserves, it holds effectively over 100% of buyer deposits in BTC, ETH, USDT, and USDC.
How Do I Contact Bitget Help?
One of the simplest ways to achieve Bitget help is by way of e mail. The positioning has a chatbot that’s not superb. The shopper help e mail deal with is firstname.lastname@example.org. VIP customers can get precedence help via email@example.com.
The corporate additionally operates accounts on Twitter, Telegram, Discord, Reddit, Fb, Instagram, and different fashionable social platforms.
Is Bitget Price It?
When you reside someplace Bitget is offered, it’s a fairly sensible choice. It stands out for aggressive charges and a big suite of derivatives merchandise. Whereas it’s dangerous, the copy buying and selling product can be extremely popular. When you’re searching for copy buying and selling, Bitget must be a prime consideration.
Customer support and withdrawal choices may use enchancment. In any other case, Bitget presents a compelling bundle of crypto merchandise that’s very compelling. Keep in mind that many of those merchandise are extraordinarily dangerous, and there’s an excellent likelihood of losses if you have interaction in an lively buying and selling technique.
When you’re not sure about Bitget, take a look at our listing of the best crypto exchanges.
International crypto alternate supporting spot, futures, and duplicate buying and selling
Normal 0.10% for makers and takers
$3 million (KYC-verified)