Bitget Review 2024

Bitget

Bitget is a leading cryptocurrency exchange and trading platform. They support 475 coins across 635 markets.

Bitget

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Summary

Pros

  • Low trading fees, with a flat rate of 0.1% for both makers and takers
  • Supports over 450 cryptocurrencies and numerous trading pairs
  • Offers copy trading, allowing users to replicate the trades of experienced traders
  • High leverage options, up to 125x for certain assets
  • User-friendly interface with customizable layouts and dark mode
  • Multiple payment methods including bank transfers, credit/debit cards, and P2P
  • Availability of various order types such as market, limit, and trailing stop
  • Strong security measures including two-factor authentication and cold storage
  • Supports fiat deposits and withdrawals in over 40 currencies
  • Bitget Token (BGB) offers trading fee discounts and other benefits

Cons

  • Not available in major financial hubs like the US and Canada
  • Complex interface may be daunting for beginners
  • Customer support has received mixed reviews
  • High fees for purchasing crypto with credit/debit cards via third-party providers
  • No support for NFTs

Features

Spot Trading

Bitget allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.

Futures Trading

Bitget supports futures trading. Derivative contracts that you can trade on leverage without providing margin.

P2P Trading

Bitget support P2P trading. Where you trade directly with other people through specific payment methods or giftcards.

Trading Bots

Bitget has trading bots that you can use to automate your trading strategies.

Copy Trading

Bitget supports copy trading, an automated method of copying other people's trades; great if you're a newbie, or if you're not the best trader.

Staking

Bitget allows you to stake your crypto and earn passive income.

Margin Trading

Bitget supports trading on margin. Leveraged trading where you must put up collateral.

Launchpad

Bitget has a launchpad for new, exciting tokens. Often low marketcap tokens that are yet to blossom into maturity.

Money

Fees

Like all centralized exchanges, Bitget charges fees. This is how they generate revenue, and keep their operation running.

  • Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
  • Withdrawal fees. Bitget charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Bitget.
  • Bitget's maker fees: 0.1%*
  • Bitget's Taker fees: 0.1%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Bitget supports 2 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

  • Credit/Debit Card
  • Bank Transfer

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Bitget supports 15 fiat currencies.

Security

Keeping your funds safe

Bitget offers 2 additional layer(s) of security. Aside from the obvious -- email and password.

  • 2FA
  • SMS

KYC

Bitget requires KYC to use their services. KYC usually involves sharing your personal details, some form of ID, a mobile phone number, and in some cases, proof of address.