Bitget Exchange Review: Features & Pros & Cons For 2024

Today, I will discuss the Bitget Exchange; as you know, it is one of the leading cryptocurrency exchanges on the market, offering advanced trading features and an easy-going user interface.

It is also one of the few exchanges that offer a large number of Altcoins with a large pool of various trading pairs for beginners and experienced traders as well.

In this article, we bring you a complete review of Bitget, going through its special features, security, and what users stand to gain from using it, and we shed some light on why it remains a top choice amongst cryptocurrency lovers.

Introduction

Bitget Exchange presents this well-known and easiest cryptocurrency trading system. Bitget was established in 2018, and it has become one of the top players in the crypto field because it provides the crypto community with a full array of trading services, including spot trading, futures trading, and copy trading.

Built for both beginner and professional traders, the platform offers advanced trading methods with high liquidity, low fees, and safe and secure trading conditions.

Bitget is also a security type with a series of strict operations carried out to protect the assets and data of our users.

By offering a range of unique trading options and with its user-centric mindset, Bitget stands out as a solid choice for users looking for an exchange ahead of their time in the fast-paced world of digital asset trading.

Bitgert Key Points

How To Use Bitget Exchange – Step By Step Guide

Whether you’re a beginner or an experienced trader, here’s a brief guide to help you navigate Bitget:

1. Sign Up and Secure Your Account:

1. Download the Bitget app (Android | iOS) or visit the Bitget website.
2. Click “Sign Up” and enter your email or phone number to create your account.
3. Enhance security by binding your mobile number and setting up verification methods.
4. Login to Bitget:
   • Choose your preferred login method:
     • Password: Enter your account details and receive a verification code.
     • QR Code: Scan the QR code on the Bitget website (for PC users).
5. Complete Identity Verification (KYC):
   • Log in to your Bitget account.
   • Click the human figure icon, then select “ID Verification.”
   • Follow the instructions to upload pictures of your government-issued ID.
6. Fund Your Account:
   • Deposit funds using fiat currency or transfer crypto from another wallet.
   • Buy crypto with fiat using Quick Buy or explore P2P trading.
   • Refer to the Bitget Beginner’s Guide for detailed deposit methods.
7. Explore Trading Options:
   • Spot Trading: Buy and sell crypto directly or with fiat using limit or market orders.
   • Futures Trading: Go long or short with leverage, using different order types.
   • Use order books, charts, and risk management tools.
8. Copy Trading:
   • Follow professional traders’ strategies and performance.
   • Benefit from Bitget’s copy trading feature.
9. Maximize Returns with Bitget Earn:
   • Lend or stake your crypto to earn high and stable returns.

How To Deposit FIAT At Bitget Exchange – Step By Step Guide

If you’re looking to deposit fiat currency, follow these simple steps:

1. Access the Deposit Option:
   • Log in to your Bitget account.
   • On the homepage, select “Add funds” and then choose “Bank deposit.”
   • Alternatively, go to the Assets page, click the “Spot” tab, and select “Deposit.”
2. Choose Your Fiat Currency:
   • In the “Deposit fiat” section, select the fiat currency you want to deposit (e.g., EUR).
   • Ensure you meet the necessary conditions for that specific currency (e.g., completed identity verification).
3. Complete the Authorization Process:
   • If it’s your first deposit, go through the account authorization process.
   • Enter the deposit amount and any additional information required.
4. Provide Deposit Details:
   • You’ll be directed to the deposit details page.
   • Make an offline transfer to the corresponding bank account based on the provided information.
   • Click “Completed” once the transfer is done.
5. Cancellation and Confirmation:
   • If you choose not to proceed, cancel the order.
   • Funds will only be deposited if you’ve made the offline transfer to the provided bank account.
   • Confirm the deposit once it’s successfully made.

How To Deposit Cryptocurrency Into Your Bitget Account

Welcome to Bitget! If you’re eager to deposit cryptocurrency, follow these straightforward steps:

1. Access the Deposit Option:
   • Log in to your Bitget account.
   • On the homepage, click “Assets.”
   • Choose the cryptocurrency you want to deposit.
   • Click “Deposit.”
2. Get the Deposit Address:
   • Copy the provided deposit address or scan the QR code using the code scanning function.
   • Use this address to transfer your cryptocurrency from another platform or wallet.
3. Complete the Deposit:
   • Once you’ve made the transfer, mark it as completed.
   • Bitget does not charge any deposit fees.
   • Due to blockchain processing, the deposit may take 5 to 10 minutes.

How To Withdraw FIAT At Bitget?

If you’re looking to withdraw fiat currency from your Bitget account, follow these simple steps:

1. Navigate to Withdrawal:
   • Log in to your Bitget account.
   • Head to the “Assets” section.
   • Select the fiat currency you wish to withdraw (EUR, GBP, UAH, RUB, BRL).
   • Click on “Withdraw.”
2. Enter Withdrawal Details:
   • Specify the amount you want to withdraw.
   • Follow the prompts to provide the necessary information.
3. Bank Transfer:
   • Bitget allows you to withdraw fiat currencies via bank transfer.
   • Ensure you have entered the correct bank details.
4. Processing Time:
   • Fiat withdrawals typically take a few business days to process.

How To Withdraw Cryptocurrency At Bitget?

How to Withdraw Cryptocurrency from your Bitget Account

Navigate to Assets:

Step 1: Open your Bitget app and log in.

Scroll down to the bottom right-hand side main menu, locate the ‘Assets’ and tap on it.

Choose Withdraw:

NOW you will have options to choose from. Select “Withdraw.”

Specify Withdrawal Details:

To withdraw to an external wallet, select “On-Chain Withdrawal.”

Choose the right Blockchain Network for your transaction

Paste it into the withdrawal address of your external wallet, or choose one from your saved addresses.

Withdraw your funds, which specify the amount you want to withdraw.

Proceed by selecting the “Withdraw” button.

Verification Process:

You must confirm the respective email, SMS, or Google Authenticator codes for Privacy purposes.

Validate that the withdrawal address belongs to the related network (The system will fix this on a near-term update; until then, we will allow this), e.g., TRC-20 for all USDT withdrawals.

In general, external transfers will take 30 minutes to an hour but may take longer during peak times.

Exchange Fees

Taker and maker fees are both a flat 0.1% for spot trading and do not vary based on monthly volume or BGB holdings. Keep in mind this solves the problem of cutting fees as low as leading exchanges like Binance have fees.

The perpetual pricing structure is flat for contracts as well, at 0.06% for takers’ charges and 0.02% for makers. No tiered volume discounts, just better than average.

As of Dec 2022, cross-cross-margin interest rates are around 0.1% daily and 0.3% hourly rates for isolated margins. Fees are variable and depend on market conditions.

Fiat Deposit & Withdrawal fees are at 0% – a nice discount compared to the exorbitant banking fees that most of the industry is currently suffering from. Crypto transfers are free – it’s just the network costs only.

There are no additional platform fees for copying or Quant offering participation. Bitget only charges 20% in the worst case on the profit made by a trader.

This is to inspire loyalty and activity while using BGB tokens, which will result in a 20% discount on trading fees.

Bitget is probably the cheapest, most reliable working background available to active traders and investors. If you do not engage in highly complex tiered models, it will also be a steel-era setting.

Column pricing concept Can fashion transparent prices Reading between the lines; you won´t find hidden fees as with predatory competitors. You get what you see with Bitget.

How to Secure Your Bitget Exchange?

Safety first – see to it that your Bitget account is secure, as it is the last thing we need. Key security practices Include:

Complex Passwords – Always use complex passwords containing a combination of alphabets, digits, and special characters. Changing your password on a regular basis will help you become less susceptible.

Two-factor authentication (2FA): Turn on 2FA, which will require you to provide your password and a verification code sent to your registered mobile number. You still need a one-time code (delivered over the device/app that you registered) even if your password is compromised.

Phishing Tips: Please check whether you are logging into the official Bitget website. Stay away from suspicious links or any unknown attachments.

Secure Your Device: Never let your computer, smartphone, or tablet go without the latest security patches. Run approved Antivirus Software and Firewalls.

No use of Public Wi-Fi: Never use public Wi-Fi to access Bitget accounts. Its level worst is easily hackable.

Monitor Your Accounts – Periodically check your account for anything that looks out of the ordinary. You must always Report problems to Bitget support at the right moment.

Back-Up and Encrypt: Back up only your most important data, such as your cryptocurrency wallet. Encryption tools provide improved privacy.

To keep up to date, stay tuned to Bitget on their official channels for securities advisories and updates:

Some Popular Cryptocurrency Available On Bitget

Exchange Features

Cryptocurrencies of all kinds sort

Trades a wide variety of cryptocurrencies, including big ones such as Bitcoin (BTC), Ethereum (ETH), and a lot of altcoins.

High Liquidity

In addition, it guarantees smooth and fast transactions above its deep liquidity pools, which minimizes slippage in trades.

Mobile App

It has a mobile app for iOS and Android. You can download the app and trade it right from your phone.

Staking and Savings Products

Staking options are a feature, along with savings accounts for passive income holdings of cryptocurrencies.

Multiple Order Types

Accepts many types of orders, including market, limit, and stop-limit orders, to cater to the different tastes of traders.

Institutional Services

Provides customized crypto solutions to institutional clients, such as API trading, OTC (Over-The-Counter) services, and professional account managers.

Educational Resources

It offers educational resources, tutorials, and webinars for learning to trade better and smarter.

Customer Support

Provides 24/7 customer support via live chat, email, and an extensive help center

My Customer Support Experience

I had a great experience with Bitget customer support. I got the withdrawal issue when I was trying to withdraw my money from my account, so I contacted their support team through the live chat. Within minutes, I received a reply from a support agent named Emily, who kindly answered my question.

She was tech-savvy and friendly and walked me through what they needed to verify to fix the problem.

Emily answered all my random questions and gave me clear steps to take next in my journey towards reaching his full potential as an empath.

In a short time, the issue was also solved for me, and I was really surprised by the professionalism of the Biggest platform.

When I inquired about the increased level, they stated it was due to the higher amount of activity on the G+ network and that they were maintaining compliance with the law, even though they may have even done it on accident,

Their willingness to correct the matter in a timely manner and explain the situation to me left me with some confidence that using their site for my cryptocurrency trading may not be as bad as I thought.

Who Are the Founders of Bitget?

Sandra Lou is the CEO and founding member of Bitget. Lou has nearly ten years of experience in the traditional financial industry.

In 2016, she was introduced to Bitcoin and gained interest in blockchain technology and investing within the crypto industry. In 2017, she joined the founding team of Bitget.

Trade On Go With Bitget Android & IOS Mobile App

The Bitget mobile app is available to download for iOS & Android. Here’s how:

Android:

• Scan the QR code on the Bitget website or directly access the Google Play link.
• Next Installation Guide
• You can also contact customer service for help by clicking “Help” on the footer if you encounter any problems.

iOS:

• Make sure you have an Apple ID account in the country. Bitget is available
• Change your Apple ID region

Earn Without Investment With Bitget Refer & Earn Program

Bitget Referral Program: Earn Crypto Without Trading. Here’s how it works:

Register: Visit the Bitget website and enter the sign-up page. Parse the sign-up page. We will then provide you with your unique referral code.

Add Friends: Give out your referral code to friends. You earn when they sign up, deposit funds, and transact.

Your Friends Meet The Criteria —> Claim Rewards.

Earn Together: You and your friends can both get a reward through the Reward Center.

Why Bitget? Bitget launched 2018 a Global cryptocurrency derivative spot platform. It offers:

Global Compliance: Bitget is the fifth largest in terms of daily turnover in the world, serving more than 25 million users worldwide.

Security Features: Extremely secure and ensures the safety of your user funds.

Source: Bitget Launchpad – Game-Fi opportunities, introducing new projects and airdrop

Bitget Alternative Exchanges

Binance: Binance is the world’s largest cryptocurrency exchange, and it provides a huge variety of cryptocurrencies available for trading both as spot and derivatives. It is widely recognized for its advanced features, security, and liquidity.

Huobi is now considered a top cryptocurrency trading platform after offering spot trading, futures contracts, staking, and DeFi integration. Huobi is known for its accessibility and very competitive trading fees.

OKEx: Comprehensive exchange with spot, futures, options, and perpetual swaps. Features high-level security, liquidity, and a diverse range of options for withdrawing cryptocurrencies.

Kraken: A US-leading exchange with a reputable track record on security and regulatory obligations. It supports several cryptocurrencies for spot trading while offering margin trading with some of the lowest fees on the market.

Coinbase Pro: This is the Professional trading platform of Coinbase, which is known for its convenient user interface and friendliness for traders with experience. It works with a number of cryptocurrencies and incorporates features such as margin trading and API integration.

Final Verdict

Bitget is a dependable and all-one cryptocurrency exchange that has a broad/trading suite accessible to both beginners and experienced investors.

Bitget is an easy-to-use and powerful exchange for spot & derivatives trading, providing spot trading and advanced derivatives trading like futures and perpetual contracts in one platform.

In addition, the platform is known for its strong security measures in the form of two-factor authentication(2FA) and cold wallet storage, so your funds are safe and secure.

Bitget mobile applications improve accessibility already, allowing users to trade efficiently on the go.

Although it offers an impressive array of cryptocurrencies and competitive fee structures, it positions itself favorably within the cryptocurrency exchange landscape.

Whether you are looking to expand your horizons in terms of coins or use more badass techniques out there, Bitget is still the ultimate trading site that delivers what you need in the ever-developing world of Crypto.