Bitget Review

Bitget Review

Robert McDougall 

August 28, 2022

Cryptocurrency

What is Bitget?

Bitget is a complete cryptocurrency exchange that was established back in 2018 with the motto, “Better trading, better life.” There are more than 250 crypto assets available on the platform that can be bought, sold, and traded with advanced and professional tools. 

Bitget also allows its users to purchase and sell a variety of cryptocurrencies using several payment methods. Advanced and innovative features like strategic trading and copy trading provide even more ways for traders to be successful. Currently, Bitget is located in Singapore, and they have millions of users from all over the globe. Bitget has an approximate daily trading volume of $5.6 billion. Thanks to Bitget’s industry-leading security, crypto traders and investors can trust them to keep their funds safe and secured. As Bitget is available worldwide, you won’t have to worry about compliance, regulations, and restrictions no matter where you are.

  • Web Address: www.bitget.com/en/
  • Main Location: Singapore
  • Cryptocurrencies: BTC, ETH, XRP, BCH, LTC, ADA, and 250+ more
  • Fiat Currencies: USD, EUR, and GBP
  • Mobile App: Available for Android and IOS devices
  • Withdrawal Fees: Varies depending on the asset 
  • Payment Methods: Visa/Mastercard, Apple Pay, Google Pay, SEPA, Crypto Wallets
  • Deposit Fees:  Crypto – Free; Fiat – Depends on third-party payment provider
  • Trading Fees:  Spot trading - 0.1%; Futures trading - 0.02/0.06% (maker/taker)

My Overall Thoughts on Bitget

Bitget is a more trader-focused crypto platform. While they do offer the option to perform simple transactions, their overall services are targeted to traders, including a massive spot trading market, futures, copy trading, and strategic trading.

Bitget also has a massive educational center, along with premium customer support. Users can solve their queries within minutes through live chat. Other appeals of the platform include the referral program, sign-up bonuses, and BGB holdings. But in my consideration, these are Bitget’s top features:

1) 250+ assets to trade, with advanced features: You can trade more than 250 cryptocurrencies on Bitget using the advanced features and functions offered by the platform. Bitget even provides its users with options like trading futures, strategic trading, and copy trading, which can be quite convenient for advanced and amateur users alike. Bitget’s trading interface comes with fast and accurate charts and the ability to customize everything according to your preferences.

2) Multiple payment methods:  You can purchase cryptocurrencies on Bitget through a variety of payment methods. Users can also check out the P2P market if they’re looking for something specific to their country or currency.

3) Advanced mobile applications: Along with the desktop version, Bitget users can get their whole crypto portfolio at their fingertips with Bitget’s mobile apps. You can trade, buy, invest, or simply hold for as long as you want, all from your phone.

It’s not all roses, however. To truly excel in its space, Bitget needs to work on integrating its own payment system so users won’t have to pay the hefty fees from third-party payment merchants. Additionally, the site’s layout could be a bit more beginner-friendly for amateur traders and investors.

Key Features and Advantages of Bitget

Bitget is one of the biggest cryptocurrency exchanges, with millions of concurrent users who trust them and use their services, so you’ll find pretty much every necessary, advanced, industry-leading, and innovative feature on their platform. Traders can explore different markets and hundreds of pairs, and Bitget provides accurate charts and every detail that users need in order to trade efficiently.

Users can also buy and sell crypto assets, get access to investment opportunities, and participate in strategic trading and copy trading on Bitget without compromising quality. Here’s what I consider the key features and advantages of Bitget:

Negatives and Disadvantages of Bitget

Considering how advanced Bitget is, some people might be tempted to call it perfect. Unfortunately, there are a few negative aspects of Bitget that you should keep in mind before you sign up on the platform and start using their services. Take a look below to find out what Bitget lacks!

What Services Does Bitget Offer?

Bitget has a lot to offer to users who are interested in getting into the crypto industry, and specifically to those who want to enhance their trading experience. Features like strategic trading and copy trading are revolutionary, but there are standard trading options available, too, along with countless markets that you can use for casual trading. 

Bitget offers a hassle-free experience for users to easily buy more than 250 cryptocurrencies, invest their money in crypto, and hold their assets for the longer term. The variety of crypto available on the platform attracts users who prefer diversity in their portfolios. If that describes you, you can check below to find out what Bitget offers and how competitive they are in the industry!

Convenient payment methods: Bitget has made it easy for users to purchase a variety of cryptocurrencies. There are several payment methods available for your purchases. Bitget has an affiliation with third-party payment merchants, and they also have a P2P market, which offers customers even more choices. The crypto buying experience at Bitget is also fast and efficient—you get your funds within seconds of initiating the transaction.

250+ cryptocurrencies available to trade and buy: There is a massive variety of cryptocurrencies available at Bitget, including all the most popular ones, that you can instantly trade and buy. The variety allows crypto investors and traders to diversify their portfolios and explore new opportunities rather than being limited to a few. 

The crypto assets that are available at Bitget include BTC, ETH, XRP, BCH, ADA, TRX, LINK, and a couple hundred more that you can start trading right away. All these assets are paired with USDT, and you can select any pair for trading.

Several trading markets are available: Bitget has a spot trading market, but they also offer several kinds of futures that can be traded on the platform. The most common futures include USDT-M futures that are settled in USDT, and Coin-M futures that support BTC, ETH, and other crypto assets as universal margins. 

The variety of markets available can help traders broaden their view, increase their skills, and explore how different markets work.

Many other crypto exchanges only offer spot trading markets, but with Bitget, the options are wide open.

Mobile apps for iOS and Android phones: Bitget also has its own mobile applications that can be used for pretty much every feature available on the desktop/PC version of the platform. You can simply sign in or sign up on the app to access the whole crypto exchange and start using their services.

Mobile apps are great for traders and investors who want to make sure they never miss a great opportunity—you can trade or buy crypto whenever you want without worrying about your location or access to a laptop. Other features, like copy trading, strategic trading, the advanced trading interface, and BGB Earn are also available on the app.

Bitget mobile apps can be downloaded easily from the Android and iOS app stores. Bitget has even provided a direct APK link for Android users to download it even more conveniently.

Advanced, accurate, and fast trading interface: Bitget’s trading interface is unquestionably one of the most advanced, most accurate, and fastest out there. It comes integrated with several options and features tailored to traders that can help you better evaluate the markets.

All the trading pairs available at Bitget come with accurate charts offering live info. Traders can enter the full-screen mode so as not to miss any detail. You can customize the positions of the chart, measure, use a pitchfork, add a trend line, integrate a variety of indicators, change the chart layout, replace the candles, and do much more all in one place.

Hassle-free copy trading: Copy trading is a trading feature that is specifically designed for users who are new to the trading industry and ones who want to learn from the experts. With Bitget copy trading, users can choose different copy traders to invest their money with. Bitget offers excellent insights regarding the performance of the copy traders, like ROI, followers, total profit and loss, AUM, and copiers’ PnL. You can evaluate all these factors and then decide which trader to go with.

Copy trading can be risky, as you are handing over your money to someone else, but it can be worth the risk if you find the right trader to copy. There are copy traders available on Bitget that have ROI percentages in the thousands, so you’d be earning money with no effort on your part.

Earn more with Launchpad: Launchpad is a portal where new cryptocurrencies are listed before their official listing on the platform. You can see when they’ll launch and evaluate their benefits. Bitget’s launchpad also displays past and upcoming projects that you can consider investing in.

The major benefit of keeping up with Bitget Launchpad is that you can make a great deal of money before the newly launched projects make a big move. Users are even awarded free airdrops if they are among the early investors.

Bitget provides excellent insights about all the projects listed on their launchpad. You can check out the allocation of the tokens, their launch date, and their tickets in one place.

Earn up to 6% APR on BGB tokens: BGB tokens are Bitget’s native tokens. Investors can earn up to 6% APR on their BGB tokens by staking or locking them for a period. Bitget also offers discounts on trading fees and futures margins just for having the BGB tokens. 

This can be an excellent way to make passive income and enjoy cheaper trading just by investing a little in Bitget’s native assets. 

Learn, know, and grow with Bitget Academy: Bitget provides a whole section of their site for beginners, called Bitget Academy, where they can learn everything about the platform. Bitget even walks users through the advanced trading interface and keeps them updated with the latest crypto news. The exchange also offers institutional services for if and when you get deeper into the industry.

Bitget Academy is an excellent resource for new traders or amateur crypto users who want to understand Web 3.0 and make the most of it. 

Great affiliate and sign-up rewards: Bitget offers great affiliate and sign-up rewards for new users. You simply have to sign up on the platform, fulfill the requirements, and claim your rewards. For the affiliate program, you can spread the word about the platform, along with your affiliate link, and whenever someone joins through your referral, you’ll be rewarded.

Rewards run between $3 and $60 and are contingent on performing certain tasks, and users can earn up to an additional $4000 as a deposit bonus. For referrals, you can earn a percentage of your friend’s trading fees, first deposit, and BGB rewards. These rewards and bonuses can be an easy way to put a little more cash in your wallet, digital or otherwise.

Licensed, safe, and secure platform: Bitget is a licensed and safe platform. They have acquired licenses from around the world to ensure that all trading is done safely and without the risk of any illegal activity. You won’t have to worry about losing your funds on an unlicensed platform, and the risk of breaching or hacking is also lowered due to their protective systems and measures.

Things I Don't Like About Bitget

While Bitget is trying to revolutionize the crypto industry, they have forgotten to focus on a couple of fundamentals. The following are the things that I think Bitget should fix, improve, or add in order to provide the best possible experience to their users.

A little complicated for beginners: While Bitget has provided quite a bit of educational material for users to check out before joining, it’s still not what I would call a beginner-friendly platform. This is mainly due to the features and options they’ve introduced, such as strategic trading, copy trading, and the different types of markets, which may confuse new users and make it difficult for them to know where to start. Even the direct crypto buying option available at Bitget includes the P2P market, which, again, may be intimidating for new users. 

Higher transaction fees due to third-party payment providers: One crucial thing to keep in mind about Bitget is that it’s only responsible for crypto deposits or withdrawals on the platform. They do not have their own payment system to cater to customers who want to purchase cryptocurrencies with credit/debit cards or other payment methods. For that reason, they’ve partnered with third-party payment merchants like Simplex, Banxa, and Mercuryo. Bitget also provides the option to buy through the P2P market.

Unfortunately, these third-party payment merchants charge a hefty fee from the buyers on the platform. You can expect to pay anywhere between 4% and 8% on each transaction you make, which is significantly more than you’d pay on a platform with an integrated payment system.

Bitget Fees

Bitget Deposit Fees

Bitget does not charge their users for depositing crypto into their Bitget accounts. But purchases made through third-party payment merchants carry a variable fee between 4% and 8%.

Bitget Trading Fees

Bitget has a fixed trading fee for the spot market of 0.1% for makers and takers both. For futures, Bitget charges 0.02% from makers and 0.06% from takers.

Bitget Fiat Withdrawal Fee

Bitget does not support fiat withdrawals as of now.

Bitget Crypto Withdrawal Fee

The crypto withdrawal fee at Bitget varies widely depending on the asset you have chosen to withdraw. For BTC, it is 0.0006 BTC per withdrawal, while it is 0.006 ETH for ETH withdrawals. The fee varies for each asset.

Pros and Cons of Bitget

Pros
  • Easy crypto purchases
  • More than 250 cryptocurrencies available
  • Professional trading interface
  • Copy and strategic trading options
  • Advanced iOS and Android mobile apps
Cons
  • Complicated platform for beginners
  • High transaction fee for crypto purchases

The Verdict

Bitget is a limitless crypto exchange that offers countless trading features and ease when it comes to purchasing assets. Additional features like strategic trading and futures enhance their offering, making it attractive to seasoned traders as well. 

Bitget is also a safe and licensed platform with millions of concurrent users that trust them and their services and invest their funds with them. If you’re looking for a platform where you can invest, trade, and buy in the most advanced yet easy ways, Bitget is for you!

If you are looking for other options in the US, you can read our article on the best crypto exchanges in the USA. There is also a quick comparison table below to help you with your decision.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Is Bitget currently available in the US?

Yes, Bitget is available in the US, and users residing in the country can easily access the features and services offered by the platform.

Is Bitget a regulated platform?

 Bitget has acquired licenses from significant regions of the world. They have also partnered with some known international brands, thereby gaining trust from users from all over the world. 

Is Bitget a secure and trusted crypto platform?

You can trust Bitget with your funds and crypto assets, as the platform has made sure to integrate industry-leading security features and verification processes for ample protection.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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