What Is Bitget?
Bitget is a cryptocurrency exchange that was founded in 2018 with a mission to inspire individuals to embrace crypto and connect to the future. It offers a wide range of crypto trading services, including futures trading, spot trading, spot margin trading, and strategy trading.
Bitget has also developed innovative social trading features, such as One-Click Copy Trading and Grid Trading, which have helped the exchange amass over 8 million registered users and 1.1 million followers. Bitget’s technology has been battle-tested, ensuring stable and secure trading even in extreme market conditions. That and much more will be a part of our Bitget review, so let’s dive deeper into the various aspects of the exchange.
How to Create an Account at Bitget
To create an account with Bitget, you first need to download the app or head to the website (www.bitget.com) on your desktop. Users can access Bitget anytime and from multiple platforms. These include iOS and Android, a browser-based website, and a desktop app for Mac and Windows.
- Once you’re on the website or in the Bitget app, go to the Sign Up option located at the top right corner of the home page.
- You also have to complete the captcha and select a few symbols in a specified order.
- After that, you’ll need to complete email verification and provide a six-digit code you got in an email.
- Once the verification process is complete, you can use your new username and password to log in to your account. When you’re logged in, you’ll be able to access the dashboard, fund your account, withdraw funds from it, or check your transaction history.
As you can see, the process of creating a Bitget account, logging in, and completing identity verification is straightforward and can be done in just a few steps, providing beginners with a seamless and user-friendly experience on the platform.
How to Buy Cryptocurrency on Bitget
Buying cryptocurrency on Bitget is a simple process that can be completed in a few steps. Before you can purchase cryptocurrency, you need to ensure that your account is funded with either fiat or crypto. Once your account is funded, you can proceed with buying cryptocurrency.
To buy cryptocurrency on Bitget, follow the steps below:
- Log in to your account and go to the “Assets” tab;
- Click on “Deposit;”
- Choose the cryptocurrency you want to buy, as well as the network chain and the deposit address you want to use;
- Enter the desired amount and confirm the transaction;
- Review and confirm the details of your purchase, such as the transaction amount, fees, and payment method;
- Once the transaction is confirmed, the cryptocurrency will be added to your Bitget wallet.
Bitget also has a feature called “Copy Trading” to review and automatically copy the trades of other traders on the platform. This feature is especially beneficial for new traders who are still learning the ropes of trading. By copying the trades of experienced traders, they can gain valuable insights into trading strategies and potentially make a profit.
Is Bitget Safe?
Like all other top cryptocurrency exchanges, Bitget prioritizes security and is committed to protecting its users’ assets at any cost. The company’s values are the driving force behind the desire to meet the needs of its community and have a long-term impact on society. Bitget’s operations are conducted competently and transparently, and the exchange is constantly evolving to meet global compliance standards in the cryptocurrency industry.
Bitget also employs advanced security measures, such as real-time monitoring, firewall protection, and Secure Socket Layer Encryption, to safeguard against hacking attempts and other security threats.
Moreover, Bitget is compliant with all applicable laws and regulations, including KYC/AML regulations. This ensures that the platform is not used for illicit activities such as money laundering or terrorist financing.
In addition, Bitget guarantees that it will hold 100% of users’ assets in reserves and will publish its Merkle Tree proof, platform reserves, and platform reserve ratio on a monthly basis. This provides transparency and ensures that user funds are protected.
But that’s not all. Bitget has also established a Protection Fund to give its platform an extra layer of protection against cybersecurity threats. The fund shows that Bitget is committed to protecting user assets and operating with transparency and integrity. If a Bitget user has their account compromised or assets stolen or lost, not due to their own actions or trading behavior, they may apply for a claim through the Bitget Protection Fund. The fund currently stands at $300 million, which is a significant amount that gives Bitget users peace of mind.
The next part of our Bitget exchange review is dedicated to the platform’s account management. Bitget has a comprehensive account management system that allows users to manage their funds and personal information easily. In the user dashboard, users can view their balance, trading history, open orders, and positions. They can also set up security features such as the fund code and Google Authenticator and manage their personal information, including email and phone number.
In the previously mentioned Assets section of the website, users can review and access the following:
- Transaction history
- MegaSwap orders
Bitget provides users with detailed information and gives them control over their accounts. The Overview tab gives users a snapshot of their current status, including the total asset value, available balance, and frozen balance.
The Deposit and Withdraw tabs allow users to add or remove funds from their accounts.
The Transfer tab enables users to transfer assets between their spot and futures accounts, while the Transaction history and Orders tabs provide a complete record of all trades and orders. The MegaSwap orders and Audit tabs are unique features that allow users to view their MegaSwap trades and review their trading data, respectively. With these features, Bitget offers a user-friendly account management experience that helps users stay in control of their cryptocurrency assets.
Bitget Fees and Pricing
Bitget’s fee structure for spot and futures trading is transparent and fair. There are no fees for crypto deposits on Bitget, and trading fees vary based on the type of trading activity.
For spot trading, each trade carries a standard trading fee of 0.1% for both maker and taker. However, if you use BGB payment, the transaction fee will be reduced by 20%.
Futures trading has a transaction fee of 0.02% for the maker and 0.06% for the taker.
When it comes to Bitget withdrawal fees, they are automatically adjusted based on the status of the market. The minimum withdrawal amounts and daily trading limits can vary depending on the coin you wish to use.
Bitget’s customer support operates round the clock, and the website is available in different languages, including English, French, German, Russian, Japanese, Spanish, Dutch, Swedish, etc. Users can reach Bitget’s support team through email at [email protected]. The support team consists of knowledgeable and experienced professionals who are dedicated to providing timely and effective assistance, which is something all crypto exchanges should provide.
The website also has a comprehensive help center containing a wealth of information on various topics, including account management, trading, deposits and withdrawals, and security. Users can find answers to common questions and step-by-step guides to help them navigate the platform.
There are mixed Bitget reviews from customers. Some users praise Bitget for its easy-to-use interface, a wide range of trading features, and helpful customer support. Others have criticized the platform for occasional glitches and slow processing times for withdrawals.
All things considered, Bitget is an excellent choice for those looking for a centralized cryptocurrency exchange with advanced security measures, user-friendly account management, and a range of crypto trading services.
Bitget places a strong emphasis on security, compliance, and transparency, providing advanced security measures, complying with KYC/AML regulations, and establishing a Protection Fund to protect user assets. The exchange also provides a transparent and fair fee structure and 24/7 customer support available in multiple languages.
Is Bitget legit?
Bitget is a legitimate crypto exchange registered in Singapore and operates in multiple countries around the world. It has obtained various regulatory licenses and follows strict security protocols to ensure the safety of its users’ funds.
Can I withdraw on Bitget without verification?
You can withdraw funds from Bitget without verification. However, those who don’t complete the verification have lower daily and monthly withdrawal limits.
What is the maximum withdrawal from Bitget?
While doing research for this Bitget review, we learned that the maximum withdrawal limit for users who have failed to complete identity verification is $50,000 per day or $100,000 per month. On the other hand, users who have completed the verification have a daily withdrawal limit of $3,000,000.