Summary: Bitget is a digital asset trading platform that was founded in 2018 by Sandra Lou. The exchange services over 190 countries globally and offers support in 23 languages, including English, Korean, Mandarin, and Cantonese. Although it is one of the newer players in the space, Bitget has quickly established itself as one of the leading futures exchanges. Unique and notable features include the ability to trade with 100x leverage on derivatives and the abundant rewards and referral program it offers. 

Table of Contents

What is Bitget?

Bitget, established in 2018, has emerged as a trailblazer in the crypto world, particularly renowned for its #1 position as the largest copy trading platform. With a user base of over 20 million and a daily trading volume reaching 10 billion USD, it offers a multifaceted trading experience. It provides a unique blend of features such as Futures, Spot, and Bot Copy Trading, allowing users to follow and replicate the strategies of top trading experts across different markets. 

The platform's innovative Bitget TraderPro program further incentivizes elite traders with rewards up to $10K, fostering a community of skilled and profitable traders. Its commitment to user-centric services is rooted in its belief in a blockchain-driven equitable future. Its services extend beyond trading, including educational resources like Bitget Insights, helping users make informed financial decisions. Emphasizing security and efficiency, Bitget not only caters to experienced traders but also empowers newcomers to trade with confidence.

Bitget Features

Bitget has rapidly gained prominence in the cryptocurrency trading world, primarily due to its vast array of innovative features. Each of these features is crafted with the user's trading experience in mind, making Bitget a versatile and user-friendly platform. From beginners to advanced traders, the exchange caters to a wide spectrum of users, reinforcing its position as a leading player in the dynamic world of cryptocurrency trading. 

This detailed overview explores the multifaceted offerings that contribute to Bitget's popularity:

  1. Futures Trading: Bitget's futures trading segment is robust, featuring several options, which includes USDT-M Futures (futures contracts settled in Tether), USDC Futures (futures settled in USD Coin) and Coin-M Futures (futures are settled in various token).
  2. Demo Trading Features: For each of the futures options, Bitget provides demo trading, allowing users to practice and understand the market dynamics without financial risk.
  3. Spot Trading: This category includes Spot Margin & Limit Trading, P2P Marketplace & Instant Buy via Third-Party Payment.
  4. Copy Trade: A standout feature where users can copy the trades of top Bitget traders. This is especially beneficial for beginners or those looking to leverage the expertise of experienced traders. The spots for each trader are limited, ensuring quality over quantity.
  5. Staking & Earning Crypto: It offers over six different staking options. Users can engage in staking to earn rewards, with details and guidelines provided in the staking section of the platform.
  6. Rewards Centre: This incentive-based feature offers rewards up to $5000 for completing various tasks such as completing the Know Your Customer (KYC) process and making a first-time deposit.
  7. Referral Program: Users can earn substantial rewards, up to $3000 USDT, by referring new users. This program is designed to expand the platform's user base through community engagement.
  8. Vote-to-List: This unique feature democratically involves users in the decision-making process. Users can vote for new tokens to be added to the exchange and, as a token of appreciation, receive airdrops.
  9. Launchpad: Bitget's Launchpad serves as a springboard for new tokens and projects, offering users early investment opportunities in these ventures at their initial public offering (IPO) stage.
  10. Star Trader Program: Aimed at elite traders, this program provides additional rewards and opportunities to earn significant profits. It's designed to recognize and support the expertise and contributions of top traders on the platform.
  11. Mobile App: Understanding the need for accessibility, it offers a comprehensive mobile app available on both iOS and Android platforms. The app mirrors the full functionality of the desktop platform, ensuring a seamless trading experience on the go.
Bitget Exchange.
Bitget Exchange.

Is Bitget Regulated?

The short answer is yes, Bitget is a safe and regulated exchange. Bitget is overseen by multiple global regulators, including the FinCEN in the US, FINTRAC in Canada, AUSTRAC in Australia, and the Financial Services Commission of Mauritius. This means that they have to follow certain rules and regulations in order to operate. Bitget has a trust score of 4.5/5 on CoinMarketCap. This is based on user reviews and ratings, as well as an algorithm that takes into account a number of factor, including the age of the exchange, its volume and liquidity.

Bitget Compliance.
Bitget Compliance.

Supported Countries

Bitge boasts a global presence, supporting users from 190 countries around the world. Its extensive reach includes major markets in Asia, Europe, and North America, catering to a diverse international audience. The platform is particularly noted for its strong foothold in countries with a high interest in cryptocurrency trading, offering services tailored to local regulations and user needs. Despite this widespread availability, Bitget's operations are subject to the legal frameworks of each country, and it adheres strictly to local laws.

Fee Schedule

Bitget offers some of the lowest trading fees in the market. The spot fee is significantly lower than the industry average of 1%, at 0.1%, and this can be reduced to 0.08% if you hold the exchange’s native token (BGB) in your wallet. You get a further discount if you're a VIP member and the percentage varies depending on your monthly trading volume but gets as low as 0.01%.

Its maker/taker rebate for futures trading  is 0.02%/0.06% which is on par with the industry average, but Bitget doesn't charge any maker fees for VIP members. As for deposits, they are completely free, and withdrawals are subject to a small fee to cover the cost of gas (network transaction fee). For a detailed breakdown of the withdrawal fees, you can visit Bitget Fees Schedule.

Bitget: Fee Schedule.
Bitget: Fee Schedule.

Customer Support

One of the key advantages Bitget has over other investment platforms is its extensive and diverse support network. The exchange offers customer service in multiple languages and across 10 social media channels, including Twitter, Telegram, Discord, Reddit, Facebook, Instagram, LinkedIn, Medium, and YouTube. Additionally, the support team can be contacted via 24/7 live chat, email (support@bitget.com), phone (909 340-1369), Zendesk, and on its blog.

Mobile App

Bitget offers a mobile application version of its platform and is supported on both iOS and Android devices. The application offers the same functionality and UI of the web version, it's easy to navigate for both beginners and advanced traders. You can open positions, check your portfolio, stake cryptocurrencies and more. On the Google Play store, Bitget has an impressive 4.9 stars from 11K reviews with most comments in regards to the great user experience. And on the Apple store it is rated 4.7 stars from 2K reviews.

Bitget Mobile App: iPhone Screenshot.
Bitget Mobile App: iPhone Screenshot.

Bitget Staking Options

Bitget offers an array of staking options, designed to cater to diverse investment preferences and risk appetites. Among its offerings are Savings and Staking products, including the popular BGB Staking, which provides users with flexible and fixed-term earning opportunities. Bitget's Dual Investment and Shark Fin products present unique investment strategies, while Smart Trend, Snowball, and Range Sniper offer more tailored solutions. The platform also introduces Wealth Management and Spot auto-invest+ for a more comprehensive approach to asset growth.

Highlighting specific products, Bitget provides competitive APRs on various cryptocurrencies. For instance, SOL and ETH staking options offer APRs of 4.70% and 4.00%, respectively, appealing to those looking for stable returns. Other options like AIMX and SCPT present higher APRs up to 50.00%, suited for users seeking more aggressive growth. Additionally, Bitget's Savings products offer daily interest redemptions, adding to the flexibility for investors. 

With an intuitive interface and detailed product descriptions, users can effortlessly navigate through these options, making informed decisions that align with their investment goals. Bitget's staking solutions, therefore, represent a blend of security, versatility, and potential for high yields, making it an attractive platform for all crypto investors.

Final Thoughts

To recap, Bitget is designed for both beginner and experienced traders and offers a variety of features to suit all needs. It's a safe and reliable platform with a strong focus on security. The exchange uses multi-factor authentication and employs advanced security technologies to keep user funds safe. Bitget also offers 24/7 customer support to help users with any issues they may have. It is a great option for those looking for a trusted and user-friendly platform to trade digital assets.