Bitget offers access to Spot and Futures markets with more than 250,000 cryptocurrencies. The maximum leverage option of up to 1:125 is accessible with a minimum deposit requirement of $15. Bitget exchange also offers up to 50% commission on trading fees for its affiliates.
Bitget; The Company Behind It and Its Regulatory Status
Bitget is a cryptocurrency exchange platform founded in 2018. Its mission is to provide users with a secure and regulated environment for trading digital assets. Key points about the company’s regulatory status.
- It’s not regulated by top-tier regulatory bodies;
- The firm is registered in Poland and Lithuania;
- Active in over 190 countries worldwide.
Bitget Features and Specifications
The exchange offers a comprehensive suite of features designed to cater to the needs of diverse traders. Here's a table summarizing the key features and specifications of the Bitget exchange.
Exchange | Bitget |
Launch Date | 2018 |
Levels | 8 VIP levels |
Trading Fees | Transaction fees, withdrawal fees, and interest rates |
Restricted Countries | Afghanistan, Canada (Alberta), Central African Republic, Crimea, Cuba, Democratic Republic of the Congo, Guinea Bissau, Iran, The United States. |
Supported Coins | More than 250,000 cryptocurrencies |
Futures Trading | Available |
Minimum Deposit | $15 |
Deposit Methods | VISA, Master card, SEPA, PIX, Bank transfer, Cryptocurrency, P2P Trading |
Withdrawal Methods | Fiat, Cryptocurrency, P2P Trading |
Maximum Leverage | 125× |
Minimum Trade Size | Variable based on the pair |
Security Factors | Cold storage solution, Two-Factor Authentication (2FA), Advanced Encryption (Merkle Root) |
Services | Staking, Copy Trading, NFT |
Customer Support Ways | Live chat, Support email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Limit, Market, Trigger, Trailing |
Native Token | BGB |
The platform is designed to be user-friendly while offering powerful tools to help traders embrace the future of finance in a safe and efficient manner.
Are There User Levels on Bitget?
The exchange offers an 8-level VIP system which comes with especial perks and features. Your level is calculated each day based on one of the following parameters: 30-Day Trading Volume, Average Daily Asset Balance (30d), or Average BGB Balance (30d).
This program provides benefits such as lower trading fees, higher API limits, and dedicated customer support. Here’s a detailed list of transaction fees in Spot trading for various VIP levels.
Level | 30-Day Trading Volume | Average Daily Asset Balance | Average BGB Balance | Maker / Taker |
VIP 0 | > $0 | > $0 | > 0 | 0.100%/0.100% |
VIP 1 | > $500,000 | > $30,000 | > 20,000 | 0.080%/0.080% |
VIP 2 | > $2,000,000 | > $50,000 | > 30,000 | 0.065%/0.070% |
VIP 3 | > $8,000,000 | > $250,000 | > 150,000 | 0.050%/0.060% |
VIP 4 | > $30,000,000 | > $750,000 | > 400,000 | 0.040%/0.050% |
VIP 5 | > $50,000,000 | > $2,000,000 | > 1,000,000 | 0.030%/0.040% |
VIP 6 | > $75,000,000 | - | - | 0.025%/0.035% |
VIP 7 | > $100,000,000 | - | - | 0.020%/0.032% |
Bitget Commission and Trading Fees
The exchange offers a competitive fee structure for both spot and futures trading. In addition to transaction cost, there are only two other factors that we should point out in Bitget review; Deposit and Withdrawal commissions. Key points of the exchange’s fee structure:
Trading Type | Maker | Taker |
Spot | 0.1% | 0.1% |
Futures | 0.02% | 0.06% |
What Assets Are Available on Bitget Exchange?
The exchange offers a wide range of trading assets, catering to diverse investor preferences. The company supports over 90 mainnets and more than 250,000 cryptocurrencies, including:
- Bitcoin;
- Avalanche;
- Ethereum;
- Polkadot;
- Ripple;
- BRC20;
Bitget's extensive asset support allows users to explore various investment opportunities across blockchain ecosystems, making it a versatile platform for cryptocurrency enthusiasts.
Do I Have Access to Futures and Margin Trading on Bitget?
The exchange offers access to both Futures and Margin Trading, providing advanced options for experienced users. Here are the key points of the firm’s Futures offerings.
- Over 250 trading pairs;
- Almost $20B daily Trading Volume;
- Exclusive Futures contests;
- Available on coins, USDT, and USDC;
- Trading bots and Copy Trading are allowed.
Margin contracts allow users to borrow money and trade with more capital than their initial investment with leverage options up to 125×. However, remember that these types of trading come with great risks. So, make time to fully familiarize yourself with the specifics.
Registration and Verification Processes on Bitget
The exchange implements a robust registration and verification process to ensure the security of its platform and comply with regulatory requirements. Here's an overview of the steps to Bitget sign-up.
- Visit the official website (www.bitget.com);
- Click on the "Register" button;
- Provide your email address or phone number for KYC purposes;
- Create a strong password;
- Complete the human verification process (usually a CAPTCHA).
- Verify your email address or phone number by entering the code sent to you.
Completing the KYC verification process allows you to access deposit/withdrawal, Spot/Futures trading, and other features. Steps to get verified on the exchange:
- Login to your account on the official website;
- Click on your avatar and navigate to the “Identity Verification” menu;
- Click on “Verify” on the Level 1 verification page;
- Select Country of Residence and choose the ID type;
- Select Mobile/PC verification;
- Take a picture of your ID documents;
- Complete the face recognition process.
Security Measures Taken by Bitget to Protect Users' Data and Money
The exchange prioritizes the security of its users' assets and data, implementing a multi-layered approach to protect against potential threats. Here are the key security measures Bitget employs.
- Cold storage solution;
- Two-Factor Authentication (2FA);
- Advanced Encryption (Merkle Root);
- Multi-signature technology;
- Real-time risk monitoring;
- 300M USDT protection fund.
By implementing these robust security measures, the exchange aims to create a secure trading environment and protect its users from cyber threats and vulnerabilities.
Deposit and Withdrawal Methods on Bitget
The company offers a variety of deposit and withdrawal methods to accommodate users from different regions. Here's an overview of the available payment options on Bitget exchange.
Deposit | VISA, Master card, SEPA, PIX, Bank transfer, Cryptocurrency, P2P Trading |
Withdrawal | Fiat, Cryptocurrency, P2P Trading |
Withdrawal limits may vary based on the user's verification level. Processing times for fiat withdrawals can range from 1-5 business days, while Cryptocurrency withdrawals are typically processed within 30 minutes to 2 hours.
Always double-check the deposit address and withdrawal details before initiating any transactions to ensure the safety of your funds.
Bitget Trust Scores from TrustPilot and Other Sources
The next step in Bitget review is to check its trust scores from review sources. 1,510 users on TrustPilot have rated the company as an average exchange with a trust score of 2.9 out of 5.
Copy Trading and Other Investment and Growth Plans in Bitget
Do you want to earn money from the crypto world without doing anything? Bitget offers several innovative features for passive income and portfolio growth, including:
- Copy Trading: Allows users to automatically replicate trades of successful traders;
- Affiliate program: become partners with the exchange and earn commissions for recommended traders;
- Staking: Available for proof-of-stake cryptocurrencies;
These features cater to different risk appetites and investment strategies, allowing users to diversify their cryptocurrency portfolio and potentially increase their returns.
However, it's crucial to understand the risks associated with each investment option and to use these features responsibly.
Writer’s opinion and conclusion
Bitget offers integration with major blockchains, including Bitcoin, Ethereum, BNB Chain, Polygon, TRON, Solana, and zkSync, providing traders with competitive fees ranging from 0.02% to 0.1% for Spot Makers and 0.032% to 0.1% for Spot Takers.
Bitget exchange is rated 2.9/5 on TrustPilot and offers Merkle Root encryption of data and a 300M USDT protection fund. Users can use SEPA and PIX payments to purchase the ecosystem’s native token BGB alongside 250,000+ other cryptocurrencies and 20,000+ DApps.
