Bitget Review 2024

Autor

Revisor

Last update: 12 months ago

Our veredict

Bitget stands out as a competitive player in the cryptocurrency exchange market, particularly appealing to both newcomers and seasoned traders alike. It garners praise for its robust security measures and user-friendly interface, ensuring that both entry-level and advanced users can navigate and trade with ease. The inclusion of futures trading options further enhances its appeal to those looking to explore more sophisticated trading strategies.

However, Bitget is not without its limitations. Notably, the platform does not support fiat deposits, which can be a significant hurdle for users looking to enter the cryptocurrency market using traditional money. Additionally, while Bitget offers a variety of services and tools, the complexity of these options might overwhelm new users who are not yet familiar with cryptocurrency trading. Despite these issues, Bitget’s strengths in providing a secure and versatile trading environment make it a notable option for cryptocurrency enthusiasts.

Pros

Cons

Investing risks losing your money

4,4

Threenvest Score

Fees

0,10%

U.S Legal

Yes

With the confidence of Threenvest

Security Methods: Bitget employs robust security measures, including cold storage of funds, multi-factor authentication, and regular security audits by external firms. These practices ensure that user assets are well-protected against potential security breaches and hacks.

Reputation and Reviews: The exchange has built a strong reputation within the crypto community, backed by positive user reviews. Users frequently commend the platform for its reliability, user-friendly interface, and innovative features like copy trading.

Trading Volume and Liquidity: Bitget boasts a high trading volume and liquidity, which indicates a healthy trading environment. High liquidity not only enables users to execute trades more efficiently but also minimizes the cost of trading by reducing the spread between buy and sell prices.

Year Founded: Since its inception in 2018, Bitget has quickly risen to prominence in the crypto trading space. Its rapid growth and sustained presence in the market underscore its stability and enduring appeal to traders.

Customer Service: Although there is room for improvement, Bitget’s commitment to customer service is evident. The platform offers support through various channels and is proactive in addressing user concerns, which helps in building trust and ensuring a positive trading experience for its users.

Best Crypto Exchanges

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About Bitget Exchange

Bitget is a cryptocurrency exchange that has carved out a niche primarily in the derivatives trading market, making it an intriguing platform for traders looking to engage with futures and options. Founded in 2018, Bitget has grown rapidly, highlighting its capability to meet the sophisticated needs of modern traders.

What is Bitget?

Bitget positions itself as a platform that specializes in cryptocurrency derivatives, including futures and options trading. This focus allows users to speculate on price movements of cryptocurrencies without actually owning them, providing opportunities for potentially high returns.

Background and History

Bitget was established to provide a secure and innovative trading environment, tailoring its services to cater to both retail and institutional traders. The platform has quickly distinguished itself with features that appeal to traders looking for leverage and hedging options, marking significant growth in user numbers and trading volumes since its inception.

Founders

The founders of Bitget are seasoned professionals from the fintech and IT industries, bringing with them a wealth of experience in building secure, scalable trading platforms. Their vision was to create a cryptocurrency exchange that not only simplifies the trading process for newcomers but also includes advanced tools and resources for professional traders.

Fun Facts and Headlines

Bitget was one of the first platforms to introduce futures trading for multiple cryptocurrencies.
The platform has implemented an innovative “copy trading” feature, allowing users to mimic the trades of experienced traders, which has been particularly popular among its community.
Bitget continues to expand its services, recently adding support for token staking and savings accounts, which provide users with additional ways to earn from their cryptocurrency holdings.

Why Choose Bitget?

Choosing Bitget as your cryptocurrency exchange offers several compelling advantages. First, the platform’s emphasis on derivatives trading, including futures and options, allows traders to speculate on price movements without owning the actual assets. This can be a powerful tool for those looking to leverage market volatility. Additionally, Bitget’s innovative features such as copy trading enable beginners to mimic the strategies of more experienced traders, which can be an excellent learning tool and a way to potentially enhance returns.

Moreover, Bitget’s commitment to security is evident in its use of cold storage for the majority of client assets, two-factor authentication, and advanced encryption methods, ensuring a secure trading environment. This focus on safeguarding user assets builds considerable trust.

Finally, Bitget’s user-friendly interface caters to both novice and experienced traders, making it accessible to a broad audience. With responsive customer service and a platform designed for efficient trading, Bitget provides a reliable and effective exchange for engaging with the crypto markets. Whether you’re looking to trade actively or passively learn from the community, Bitget is equipped to meet diverse trading needs and preferences.

Where it falls short

Limited Cryptocurrency Selection: Bitget offers a more restricted range of cryptocurrencies compared to some of the larger exchanges. This can be a drawback for traders looking to explore less mainstream coins or those who wish to diversify their portfolios beyond the major cryptocurrencies. To improve, Bitget could benefit from expanding its asset offerings to include a wider variety of both established and emerging cryptocurrencies. This would not only attract a broader user base but also provide existing users with more trading opportunities.

Heavy Focus on Derivatives: While Bitget excels in derivatives trading, this focus might alienate newcomers or those interested in more traditional trading experiences, like spot trading. To cater to a more diverse clientele, Bitget could enhance its spot trading capabilities and provide more educational resources aimed at helping less experienced users understand the complexities of derivatives trading. This approach would help in making the platform more accessible to beginners and reduce the perceived barrier to entry into more complex trading options.

Features	Explanation
Minimum Trade	Bitget allows small minimum trade amounts, suitable for beginners wanting to start with low stakes.
Trading and Transaction Fees	Competitive trading and transaction fees, lower than many industry averages.
Number of Cryptocurrencies	Offers a moderate range of cryptocurrencies, covering most major and several altcoins.
Crypto-to-Crypto Trading Pairs	Provides a diverse range of crypto-to-crypto trading pairs with good market depth.
Website Transparency	The website provides clear information on fees, policies, and trading options.
Credit/Debit Card	Bitget does not offer an exchange card for in-store purchases.
Storage Offering	Offers secure storage solutions with cold storage options to protect user assets.
Staking and Rewards	Provides staking options with competitive rewards, though not as extensive as some competitors.
Mobile App and Desktop	Excellent user interface on both mobile app and desktop, offering full trading functionality.
Customer Service	Adequate customer support with room for improvement in response times and accessibility.
Deposit and Withdraw	Efficient deposit and withdrawal processes, though limited by lack of fiat options.

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert reviewing cryptocurrency exchanges, I recommend Bitget for traders who prioritize security and a user-friendly trading experience. The platform’s robust security measures and intuitive interfaces on both mobile and desktop make it an excellent choice. However, potential users should note the lack of fiat deposit options, which might require accessing another exchange to convert fiat to crypto before trading on Bitget. Overall, its competitive fees and diverse trading options make it a strong candidate for those looking to expand their trading strategies in the crypto space.

Fees

Bitget offers a competitive commission structure that is designed to facilitate both high-volume traders and those new to the cryptocurrency markets. The trading fees on Bitget are tiered based on the user’s 30-day trading volume, with rates decreasing as volume increases. This encourages active trading and can significantly lower costs for frequent traders. Fees for takers can vary but generally start around 0.075% and can go as low as 0.05% or even lower for VIP levels, making Bitget an attractive option for both novice and experienced traders looking for cost-effective trading solutions.

Pros

Competitive Trading Fees: Bitget offers low trading fees, making it cost-effective for frequent traders.
Transparent Fee Structure: The platform provides clear and transparent information about its fee structure, helping users understand the costs involved.
Discounts for BGB Holders: Users who hold Bitget's native token (BGB) can benefit from fee discounts, further reducing trading costs.

Cons

Conclusion

Bitget’s commission structure is one of its most attractive features, offering flexibility and cost-efficiency that can accommodate the needs of diverse trading styles and volumes. This system not only supports Bitget’s competitive edge in the market but also enhances trader engagement by aligning the interests of the platform with those of its users. As the cryptocurrency trading landscape evolves, Bitget’s adaptive fee structure will likely continue to play a key role in its growth and popularity among traders globally.

Product selection

Bitget offers a comprehensive suite of services and products designed to meet the diverse needs of cryptocurrency traders. This exchange is particularly renowned for its robust derivatives trading platform, which includes futures and options on major cryptocurrencies like Bitcoin and Ethereum. Bitget allows for both long and short positions, providing traders with the opportunity to profit from market movements in either direction. Additionally, Bitget supports spot trading, giving users the ability to buy and sell cryptocurrencies directly. This feature caters to those who prefer owning the actual assets rather than trading derivative contracts. The platform’s integration of advanced trading tools and real-time data analytics helps users make informed trading decisions, enhancing the overall trading experience. Beyond trading, Bitget also offers additional services such as copy trading. This unique feature allows less experienced traders to replicate the strategies of more seasoned traders, democratizing access to cryptocurrency trading strategies and potentially leveling the playing field for new entrants to the market.

Pros

Advanced Trading Features: Bitget offers a range of advanced trading options, including futures, options, and spot markets, which cater to both new and experienced traders looking for depth in trading strategies.
Copy Trading: This innovative feature allows users to mimic the trades of successful traders, which is particularly beneficial for beginners without a deep understanding of the markets.
User-Friendly Interface: The platform is designed to be intuitive and accessible, making it easy for users to navigate and manage their trades, enhancing the overall user experience.

Cons

Complexity for Beginners: Despite its user-friendly interface, the wide range of advanced trading options can be overwhelming for beginners, potentially leading to costly mistakes if not properly understood.
Limited Asset Diversity: While Bitget excels in derivatives, its selection of cryptocurrencies for spot trading is less extensive compared to larger exchanges, which may limit users interested in less mainstream coins.

Read more about product selection in Bitget

Bitget provides a diverse range of services and products tailored for the cryptocurrency market, aiming to cater to a wide variety of trading needs and preferences. Here’s an extensive overview of the features available on Bitget:

Leveraged Tokens

Bitget offers leveraged tokens, allowing traders to gain increased exposure to cryptocurrency prices without the complexities of managing a leveraged position. These tokens typically amplify the returns of a crypto asset, both gains and losses.

Debit Card

Bitget does not currently offer a branded debit card for making purchases or withdrawals directly from traders’ accounts, which could be a potential area for expansion to increase user convenience.

Mobile App

Bitget’s mobile application provides a comprehensive trading experience, accessible anywhere. The app includes all the features available on the desktop platform, ensuring traders can monitor markets, execute trades, and manage their portfolios on-the-go.

Own Cryptocurrencies

Bitget has not issued its own cryptocurrency, focusing instead on providing robust trading services and support for a variety of existing coins and tokens.

Staking and Rewards

Bitget offers staking services, allowing users to earn rewards on their holdings. This feature supports several cryptocurrencies, providing a way for users to earn passive income while contributing to network security.

Loans

Bitget includes a crypto loan service, where users can borrow funds against their cryptocurrency holdings. This is useful for traders looking to leverage their positions without selling off assets.

Liquid Swap

Bitget supports liquid swaps, allowing users to exchange one token for another quickly and at minimal costs, leveraging liquidity pools.

Promotions and Referral Codes

Regular promotions, bonus deals, and referral codes are available, offering benefits for both new sign-ups and existing users. These incentives are designed to attract new traders and reward loyal users.

Leverage and Futures

Bitget is particularly strong in its leverage and futures offerings. Traders can engage in futures trading with high leverage options, providing significant potential for profit (and risk).

Wallet

Bitget provides a secure digital wallet for storing, sending, and receiving cryptocurrencies. This wallet integrates with their trading platform for seamless fund management.

Derivatives

In addition to traditional trading, Bitget offers a variety of derivative products, including futures and options based on cryptocurrency prices. This allows for sophisticated trading strategies.

API and Trading View Integration

Bitget supports API connectivity for automated trading and integrates with TradingView for advanced charting and trading strategies, catering to technical traders.

Yielding Pools and Educational Resources

Bitget hosts yielding pools where users can deposit cryptocurrencies to earn interest. Furthermore, it offers extensive educational resources to help users understand trading and the cryptocurrency market more broadly. These services and products make Bitget a versatile platform suitable for a diverse user base, from beginners looking for simple buy and hold options to advanced traders engaging in complex market strategies.

Account opening

To start trading on Bitget, potential users must first register for an account via the Bitget website or mobile app by providing their email address or mobile number and creating a password. Following registration, it is essential to complete the identity verification process, which involves submitting identification documents such as a passport or driver’s license. This KYC (Know Your Customer) procedure is crucial for enhancing account security and complying with regulatory requirements. Once the verification is approved, users can immediately begin depositing cryptocurrencies into their Bitget wallets to start trading. For those new to cryptocurrencies, Bitget also offers the option to purchase digital assets directly using fiat currencies through various payment methods, ensuring a smooth and accessible entry into the world of crypto trading.

Pros

Simple Registration: The account registration on Bitget is straightforward, requiring only an email or mobile number, which makes it accessible for new users.
Quick Verification Process: Bitget's KYC process is generally quick, allowing users to start trading shortly after submitting their identification documents.
Multiple Funding Options: The platform supports various methods for depositing funds, including direct cryptocurrency deposits and fiat purchases, providing flexibility for users globally.

Cons

Read more about account opening in Bitget

Security

Bitget stands out as a versatile cryptocurrency exchange, particularly excelling in the realm of derivatives trading with offerings like futures and options. This makes it an attractive choice for traders looking to leverage sophisticated trading strategies. The platform’s robust security measures, including multi-factor authentication and cold storage, ensure a high level of protection for user assets. Additionally, features like copy trading empower novice traders to learn from and emulate experienced ones, enhancing their potential for success. However, Bitget does have its limitations. The exchange’s primary focus on derivatives might be overwhelming for beginners who are more comfortable with spot trading. Furthermore, the range of available cryptocurrencies, while extensive, does not match the diversity found on some larger exchanges. Regulatory constraints also mean that Bitget is unavailable in key markets such as the United States, limiting its accessibility. Despite these drawbacks, Bitget remains a strong contender in the crypto exchange landscape, particularly for traders seeking advanced tools and security. At Threenvest, we recommend Bitget for its innovative features and secure trading environment, provided it aligns with your trading preferences and regional availability.

Pros

Robust Security Protocols: Bitget employs multi-factor authentication, state-of-the-art encryption, and cold storage for a majority of user funds, which collectively ensure a high level of security against unauthorized access and potential cyber threats.
Withdrawal Whitelists: The platform allows users to create whitelists of withdrawal addresses, a feature that significantly reduces the risk of unauthorized transfers, adding an extra layer of security for fund withdrawals.
Regulatory Compliance: Bitget adheres to local regulations in the jurisdictions where it operates, enhancing its legitimacy and trustworthiness. This compliance includes obtaining necessary licenses that affirm its commitment to operating within legal frameworks.

Cons

Complex Security Measures for New Users: The array of security settings and requirements, while beneficial for protection, can be overwhelming for new users. This complexity might deter those unfamiliar with such security practices.
Limited Information on Insurance Fund: Bitget has not prominently disclosed information regarding an insurance fund to cover potential losses from hacks or other security breaches, which is a feature some traders look for as an additional safety net.

Is Bitget Legit?

Bitget is recognized as a legitimate cryptocurrency trading platform, operating with a strong emphasis on compliance and user security. It actively seeks licenses and follows regulatory guidelines in the regions it serves, reinforcing its legitimacy.

Regulation and Licensing

Bitget adheres to strict regulatory standards, which helps establish its credibility. The platform has pursued necessary licensing to operate legally in various jurisdictions, demonstrating its commitment to legal and regulatory compliance.

Is Bitget Safe?

Bitget implements a comprehensive suite of security measures:

Multi-Factor Authentication (MFA) enhances account security, requiring users to provide two or more verification factors to gain access to their accounts.
Cold Storage of a significant portion of digital assets offline protects them from online hacks.
Whitelisting of Withdrawal Addresses allows users to specify addresses to which withdrawals can be made, adding an extra layer of security.
State-of-the-Art Encryption protects data in transit and at rest, ensuring user information and transactions are secure from unauthorized access.

Security Measures

Bitget’s security infrastructure includes:

Regular Security Audits to identify and address vulnerabilities.
Secure Socket Layer (SSL) Encryption to secure user connections to the platform.
24/7 Security Monitoring of platform activities to detect and respond to suspicious activities quickly.

Security History

Bitget maintains a commendable security record with no significant breaches, underscoring its effective security practices. Continuous improvement in security protocols ensures resilience against emerging threats.

Enhancing User Security

Bitget encourages users to:

Regularly update their security settings.
Use strong, unique passwords for their accounts.
Enable all available security features, such as MFA and non-SMS based authentication methods.

Conclusion

Bitget’s security protocols and compliance with regulations make it a secure platform for cryptocurrency trading. While the platform continues to enhance its security measures, users are also reminded to adopt best practices for personal and account security to further reduce risks. This comprehensive approach ensures that Bitget remains a secure choice for traders, aligning with industry best practices and adapting to new security challenges in the rapidly evolving cryptocurrency landscape.

Customer service

Bitget offers comprehensive customer support aimed at providing users with prompt and effective solutions to their inquiries and issues. The customer service team is accessible 24/7 via multiple channels, including live chat, email, and social media platforms, ensuring that users can reach out for help at any time. The platform also features a detailed FAQ section and a Help Center, which are well-organized and cover a wide range of topics. These resources are designed to empower users by providing them with the information needed to resolve common issues independently. Feedback from users generally highlights the responsiveness and helpfulness of the customer support team, although there are occasional reports of delays during peak times, which Bitget continues to address through staffing adjustments and enhanced training. Overall, Bitget’s commitment to providing a supportive trading environment is evident in its continuous efforts to improve customer service and ensure user satisfaction. This approach not only helps in retaining users but also attracts new traders looking for a reliable and supportive trading platform.

Pros

24/7 Support Availability: Bitget provides round-the-clock customer service, ensuring that users can receive assistance at any time. This is particularly beneficial in the fast-paced environment of cryptocurrency trading where issues need to be resolved quickly.
Comprehensive Help Center: Bitget offers an extensive range of resources in its Help Center, including FAQs, guides, and troubleshooting tips. This is designed to help users find quick solutions to common problems, enhancing user experience and satisfaction.
Multiple Channels of Support: Users can contact the Bitget support team through various channels including live chat, email, and social media. This accessibility increases the convenience for users, allowing them to choose the communication method that best suits their needs.

Cons

Response Times Can Vary: While Bitget generally provides prompt responses, there are instances during peak periods where users may experience delays. This variability can be frustrating for users needing immediate help.
Quality of Responses: Some users have reported that while the support team is readily accessible, the quality of the responses can sometimes be inconsistent. This may require some users to engage in follow-up communications to resolve their issues fully.

Read more about customer service in Bitget

Customer Support at Bitget

Overview Bitget is committed to providing comprehensive customer support that ensures users have a smooth trading experience. The platform’s support team is geared towards quick and efficient problem-solving, helping traders navigate through any issues they might face. Reputation and Customer Feedback

User Reviews: The reputation of Bitget’s customer service is generally positive, with many users praising the accessibility and helpfulness of the support team. Feedback from the community often highlights the swift resolution of issues and the courteous manner of the support staff.
Areas for Improvement: Some feedback points to occasional delays in response times during high demand periods and the need for more detailed responses to complex inquiries.

Contact Methods

Live Chat: Bitget offers a live chat feature, which is the fastest way to get in touch with their support team. This service is available directly through the trading platform and mobile app.
Email: Users can send detailed queries via email, which is particularly useful for complex issues that may require thorough explanations.
Social Media: Bitget is active on several social media platforms, including Twitter and Facebook, where they also handle customer support inquiries.
Help Center: Available on their website, it provides articles, guides, and FAQs that address the most common issues and questions users may have.

Response Times

Live Chat: Responses are typically received within a few minutes, making this the best option for urgent support needs.
Email: Users can expect responses within 24 to 48 hours, depending on the complexity and volume of inquiries at the time.
Social Media: Response times can vary significantly but generally fall within a few hours to a day.

Additional Support Insights

Multilingual Support: Bitget offers support in multiple languages to accommodate its global user base, ensuring that non-English speaking users receive the help they need in their preferred language.
Educational Resources: Besides direct support, Bitget invests in educating its users through webinars, tutorials, and articles that cover various aspects of trading and platform features. This proactive approach helps reduce the volume of basic inquiries and empowers users to troubleshoot minor issues on their own.
User Feedback System: Bitget encourages feedback through surveys and community interactions, using this information to continually improve their services.

Conclusion

Bitget’s customer service is designed to be responsive, accessible, and effective, aligning with the platform’s commitment to user satisfaction and continuous improvement. The variety of contact methods ensures that users can easily find help when needed, although there is room to enhance response times and the depth of support for complex issues. By focusing on these areas, Bitget can further strengthen its relationship with users and maintain a positive service reputation in the competitive crypto exchange market.

Is bitget Right for You?

Your Trading Focus and Experience Level: Bitget is particularly well-suited for traders who are interested in derivatives trading, such as futures and options. The platform offers advanced trading features that cater to experienced traders looking to leverage sophisticated strategies and high liquidity. If you are new to trading or primarily interested in spot trading simpler assets, you might find the platform’s focus on derivatives somewhat daunting. However, Bitget also provides educational resources and copy trading features that can help newer traders get started and learn from experienced traders.
Desire for Advanced Trading Tools and Features: If you appreciate having access to advanced trading tools and analytics, Bitget’s integration with TradingView and its comprehensive suite of trading options could be highly beneficial. The platform’s advanced charting capabilities allow for in-depth market analysis, making it a good choice for technical traders who rely on such data to make trading decisions.
Security and Regulatory Considerations: Security is a paramount concern in cryptocurrency trading. Bitget’s robust security measures, including cold storage, multi-factor authentication, and whitelisting of withdrawal addresses, make it a secure platform for trading digital assets. Additionally, if you are conscious of regulatory compliance and the legitimacy of the trading platform, Bitget’s efforts to adhere to regulatory standards in various jurisdictions may give you peace of mind.

Evaluating these aspects will help you decide if Bitget aligns with your trading needs and goals, making it a suitable choice for your cryptocurrency trading activities.

Bitget compared to other crypto exchanges

Threenvest score

4,4

Fees

0,10%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Threenvest score

4,9

Fees

0,00%/0,40%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

bybit

Threenvest score

4,8

Fees

US Legal

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

Bitget offers a diverse selection of cryptocurrencies, supporting trading in over 100 crypto assets. This includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), catering to the common and advanced trading preferences of its global user base.

Principal Countries Available: Bitget is accessible to traders in many countries worldwide, including key markets in Asia, Europe, and parts of North America. The platform’s multi-lingual support and compliance with local regulations make it a preferred choice for traders in regions like Singapore, Canada, and Australia.
Main Cryptocurrencies Not Available: Despite its extensive crypto offerings, Bitget does not currently support some emerging and less common cryptocurrencies like Cardano (ADA), Polkadot (DOT), and Solana (SOL). Traders looking to diversify into newer or less mainstream cryptocurrencies might need to use additional platforms.
Important Countries Restricted: Notably, Bitget does not offer services to residents of the United States due to regulatory constraints. Other significant restrictions include countries like China and South Korea, where local regulations limit the operation of international crypto exchanges.

This overview provides a snapshot of Bitget’s cryptocurrency offerings and geographical availability, helping potential users understand whether the platform meets their trading needs based on location and the type of cryptocurrencies they are interested in trading.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
Chainlink (LINK)
EOS (EOS)
Tron (TRX)
Stellar (XLM)
Dash (DASH)
NEO (NEO)
Cosmos (ATOM)
Tezos (XTZ)
Aave (AAVE)
Uniswap (UNI)
Compound (COMP)
Yearn.finance (YFI)
Zcash (ZEC)
Maker (MKR)

Main countries where you can open an account

Singapore: Known for its crypto-friendly regulatory environment, Singapore remains a key hub for Bitget.
Canada: Canadian users can access Bitget, benefiting from the platform’s range of trading options.
Australia: Australia’s progressive approach to cryptocurrency regulations makes it another significant market for Bitget.
United Kingdom: Traders in the UK can use Bitget under specific compliance measures aligned with local financial regulations.
Japan: With stringent regulations, Japan allows operations of exchanges like Bitget that adhere to its compliance standards.
Germany: German traders have access to Bitget, taking advantage of its advanced trading tools.
Netherlands: Known for a liberal stance towards fintech, the Netherlands is included in Bitget’s service areas.
India: Despite a sometimes uncertain regulatory environment, Bitget operates in India, offering a platform for a large user base.
Brazil: With a growing interest in cryptocurrencies, Brazil is a significant market for Bitget.
South Africa: Bitget serves South African traders, catering to the continent’s increasing interest in crypto trading.

FAQs

What cryptocurrencies can I trade on Bitget?

You can trade a variety of cryptocurrencies on Bitget, including major ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as a selection of altcoins and derivatives such as futures and options.

How do I deposit funds into my Bitget account?

To deposit funds, log into your Bitget account, navigate to the ‘Wallet’ section, and select ‘Deposit’. Choose the cryptocurrency you wish to deposit, and Bitget will provide you with a wallet address to transfer funds from your external wallet.

What should I do if I have an issue with a transaction or my account?

If you encounter any issues, you can contact Bitget’s customer support through live chat, email, or social media. The support team is available 24/7 to help resolve your queries promptly.

Is Bitget available in my country?

Bitget is available in many countries worldwide, including Singapore, Canada, Australia, and the UK. However, it does not operate in the USA, China, South Korea, and several other countries due to regulatory restrictions.

What security measures does Bitget implement to protect user accounts?

Bitget ensures the security of user accounts through multi-factor authentication, cold storage of the majority of assets, SSL encryption for data transfer, and optional address whitelisting for withdrawals.

How are fees structured on Bitget?

Bitget employs a tiered fee structure based on your 30-day trading volume. Fees decrease as your trading activity increases, incentivizing frequent trading with lower transaction costs.

Can I trade with leverage on Bitget?

Yes, Bitget offers leveraged trading on a variety of cryptocurrency pairs. The platform provides options for both futures and spot markets, allowing for significant flexibility in trading strategies.

Final opinion on Bitget

Threenvest’s review of Bitget highlights it as a dynamic platform that caters well to both novice and seasoned traders, especially those keen on exploring the intricate world of cryptocurrency derivatives such as futures and options. The exchange’s commitment to security through comprehensive measures including cold storage, multi-factor authentication, and regulatory compliance provides a robust foundation for safe trading. Bitget’s innovative features like copy trading further enhance its appeal by enabling less experienced traders to mirror the strategies of veterans, potentially accelerating their learning curve and investment success.

However, despite its many strengths, Bitget does have areas that could be improved. The platform’s focus on derivatives might be intimidating for beginners who are only interested in spot trading, and its selection of cryptocurrencies, while adequate, does not match the variety offered by some of the largest exchanges in the market. Additionally, the absence of service in key markets like the United States due to regulatory constraints limits its global reach. In comparison to other exchanges, Bitget stands out for its specialized offerings and tools that appeal to traders looking for leverage and complex trading options, but it may fall short for those seeking a broader, more diversified trading experience. Overall, Threenvest recommends Bitget for users who want advanced trading capabilities in a secure and user-friendly environment, provided they are comfortable with the trading focus and geographical availability of the platform.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money