Bitget - 2022 Review Review

Bitget is a crypto exchange based in Singapore. The platform offers a wide range of crypto coins and tokens for trading via the spot or futures market with low trading fees.

Bitget has received regulatory licenses from the US, Canada, and Australia, making it a trusted exchange. Bitget is available for mobile devices or desktop and has a simple sign-up process. The platform offers free copy trading for its users with great incentives for the professional traders who allow others to follow their strategies. If you are looking for an exchange with a lot of small market coins or the ability to copy trade, Bitget may be for you.

Bitget currently has over 2 million registered users worldwide and has reached a 24-hour transaction volume of $5.6 billion. As of January 2022, Bitget ranked 3rd in the world for daily average futures trading volume, thanks to its featured product, coin margin futures, which reached an all-time high of $7.82 billion in trading volume.

Bitget Fees

Bitget charges a flat trading fee of 0.1% for both maker and taker trades on the spot market, which is very competitive. These fees can be reduced to 0.08% if the trading fees are paid in Bitget Tokens (BGB). Bitget and Binance spot market fees are in line. When trading futures, there are 0.02% fee for makers and 0.06% fee for takers, with no discounts.

Bitget charges reasonable withdrawal fees for cryptocurrencies, although there are withdrawal minimums. Bitcoin withdrawals incur a fee of 0.0006 BTC, which is low compared to many other exchanges. ERC-20 tokens have the highest fees for withdrawals. There are no deposit fees for cryptocurrencies.

Supported Currencies

The platform has introduced both spot trading options and derivatives trading. However, it is focused on derivatives trading. The supported cryptos are Ethereum Classic, Filecoin,  Gold Coin, Cardano Coin, Bitcoin Cash, Litecoin, KNCL, Polkadot Coin, Ripple, Tezos, Tether, Uniswap, EOS, SushiSwap, ChainLink Coin, TRON Coin, yearn.finance, Ethereum, and Yield Guild Games.

Bitget Payment Methods

Deposit Methods

Bitget makes it very easy for users to buy and sell cryptocurrencies. Bitget only lets users transfer fiat currency via wire transfer for cryptocurrency deposits, not with a credit or debit card.

Depositing cryptocurrencies is simple. When the user clicks on the "Deposit" button, he is redirected to a web page where he can select the cryptocurrency he wants to transfer. The platform generates the wallet address to store it in their wallet, or they can scan the QR code.

Withdrawal Methods

A common user review and opinion is that withdrawals on Bitget are easy. When you open the withdrawal window, you can enter the same information and the amount you want to withdraw. The exchange charges fees for withdrawals, which are displayed to the user during the withdrawal process. However, you can also view the full list of these fees on the website.

If the user has not completed the KYC process, the daily withdrawal limit is 20 BTC or its equivalent in other cryptocurrencies. Those who have completed the verification process have much more flexibility with a maximum of 200 BTC per day.

The withdrawal depends on the exchange's network and is not controlled by the exchange. The user must wait until the transaction has been sufficiently validated before the money is credited to his account.

Is Bitget safe?

Bitget protects investors' assets in separate cold and hot wallets. According to its website, the company has received 12 A+ ratings from SSL Labs. Investors can enable two-factor authentication before they are allowed to deposit money into the cryptocurrency exchange.

The Exchange has three licenses for the U.S. from the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), for Canada from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), and in Australia from the Australian Transaction Reports and Analysis Center (AUSTRAC).

Bitget Supported & Restricted Countries

Bitget is an exchange used by international traders. It is supported by users from USA, Nigeria, Ghana, South Africa, Canada, etc.

Nonetheless, below are some of the restricted countries:

Mainland China
Singapore
Hong Kong
North Korea
Macau

Bitget Mobile App

The majority of crypto traders believe that desktops are the best place to trade. The computer is a bigger screen, and bigger screens allow for more data, which helps traders easily navigate and make their trading decisions at the same time.

The chart and trading history are easier to see. Not all crypto investors need a desktop to do their trading. Many prefer to do their trading through the mobile app. The mobile app is available for Android and IOS and can be downloaded from Google Play and AppStore.

Bitget Customer Support

There are several ways to contact Bitget customer support. If the user is having trouble understanding what to trade, Bitget offers live chat, as well as detailed instructions and guidelines for all aspects of the process. The website also has a Frequently Asked Questions section (FAQ), which covers the basics that the user might otherwise overlook.

If there is a concern or if you have other issues with trading, they can contact the helpdesk by clicking on the help chat bubble in the lower right corner of their screen. Customer support is available 24/7 to answer any questions.

Final thoughts on Bitget

Bitget has established itself as one of the leading crypto exchanges in Asia to offer users "better trading, better life."

Bitget is a good option if you are looking for an exchange with many smaller market currencies and the ability to copy trade. The platform aims to provide a fair and comprehensive trading experience. Bitget has all the requirements for trading, both for beginners and advanced traders. The exchange benefits from a simpler process for the security settings it has put in place to ensure the safety of its clients.

Due to its many features and unique futures trading platform, the exchange shines as a unique exchange. The ease of use of the platform and the low fees make it ideal for those who want to enter the trading sphere and buy cryptocurrencies.