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 standard 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 take a look at Bitget’s options and pricing that will help you determine if it is smart on your crypto buying and selling and investing wants.
Word: As of this writing, Bitget is unavailable to customers in Singapore, North Korea, Iran, Syria, Afghanistan, Cuba, and the US.
- Spot buying and selling, futures buying and selling, and replica buying and selling supported
- clear proof of reserves
- Claims to be the biggest copy buying and selling alternate worldwide
World Crypto Alternate, Spot, Futures, and Copy Buying and selling Supported
Spot buying and selling of 100+ currencies
Customary 0.1% payment 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 US.
Bitget provides a wide range of crypto buying and selling merchandise, together with spot buying and selling and futures contracts. It additionally provides a wide range of options and companies, reminiscent of a user-friendly interface, a wide range of order varieties, margin buying and selling, 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 each day buying and selling quantity.
What Does Bitget Supply?
Bitget’s foremost merchandise revolve round various kinds 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 cellular cost platform. You should purchase 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 completely 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 permits buyers to purchase or promote an asset at a predetermined value 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’ll be able to mimic the trades of different platform customers. If you happen to choose the fitting dealer to observe, you would end up incomes earnings with little or no work. Nonetheless, there are at all times dangers concerned with crypto buying and selling. You need to use copy buying and selling in spot and futures markets or observe a particular 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 may 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 response to CoinMarketCap.
Are There Any Charges?
Bitget costs charges similar to many different massive 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 major quantity on sure transfers.
- Spot buying and selling charges: Spot trades are topic to an ordinary 0.1% payment 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 known as VIP customers can qualify for decrease charges and extra buying and selling merchandise.
How Does Bitget Evaluate?
Bitget is a comparatively new cryptocurrency alternate, nevertheless it has shortly turn out to be one of many largest on this planet. It provides many options and companies, together with spot buying and selling, derivatives buying and selling, and margin buying and selling. Bitget additionally has a powerful give attention to safety and compliance.
Bitget’s largest opponents are Binance, Coinbase, and Bybit. These exchanges are all well-established and supply the same vary of options and companies. Nonetheless, there are some key variations between Bitget and its opponents.
One of many greatest variations is Bitget’s give attention to derivatives buying and selling. Bitget provides 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 electronic mail deal with or cell phone quantity. Bitget has cellular apps for Android and iOS. You’ll be able to obtain and signup utilizing the cellular app as effectively.
- Enter your contact particulars, select a safe password, and add a referral code when you have one. Bitget provides promotions that might increase your account worth when signing up.
- Comply with the hyperlink to ascertain your new account. You’ll obtain an electronic 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: Day by day withdrawal restrict of $50,000 and month-to-month withdrawal restrict of $100,000.
- After Finishing KYC: Day by day withdrawal restrict of $3 million.
If you happen to’ve signed up for any monetary accounts or cryptocurrency exchanges previously, the signup course of will probably 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 instructional assets on safety greatest practices.
Within the post-FTX world, proof of reserves is a crucial providing for cryptocurrency exchanges. Whereas it’s still best to hold your crypto in your own wallet outside of an exchange, Bitget does a great 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?
The easiest way to succeed in Bitget help is by way of electronic mail. The location has a chatbot that’s not excellent. The client help electronic mail deal with is h[email protected]. VIP customers can get precedence help by way of [email protected].
The corporate additionally operates accounts on Twitter, Telegram, Discord, Reddit, Fb, Instagram, and different standard social platforms.
Is Bitget Price It?
If you happen to reside someplace Bitget is obtainable, it’s a fairly good selection. It stands out for aggressive charges and a big suite of derivatives merchandise. Whereas it’s dangerous, the copy buying and selling product can also be extremely popular. If you happen to’re searching for copy buying and selling, Bitget ought to be a prime consideration.
Customer support and withdrawal choices may use enchancment. In any other case, Bitget provides a compelling bundle of crypto merchandise that’s very compelling. Do not forget that many of those merchandise are extraordinarily dangerous, and there’s a great likelihood of losses if you interact in an lively buying and selling technique.
If you happen to’re not sure about Bitget, take a look at our checklist of one of the best crypto exchanges.
Try Bitget right here >>
World crypto alternate supporting spot, futures, and replica buying and selling
Customary 0.10% for makers and takers
$3 million (KYC-verified)