Bitget Review 2024: Key Features, Pros, and Cons

In our Bitget review, we will reveal many aspects of the platform so that you can make an informed decision on whether it’s the best choice for you.

So, let’s see what sets Biget apart from the others.

Bitget Platform Review — Key Takeaways

What Is Bitget?

Bitget is a crypto exchange established in 2018. This well-known global exchange has a user base of 20 million in more than 100 countries. It is registered in Victoria, Seychelles.

You can buy cryptocurrency using fiat or engage in spot market trading. Derivative traders can use trading bots or enjoy trading futures on margin with high leverage.

Moreover, the exchange has been the exclusive PGL crypto partner since 2021, supporting major esports events such as PGL Major Stockholm 2021 and PGL DOTA 2 Major Arlington 2022.

Another interesting fact is that it’s affiliated with huge names like Lionel Messi. In 2022, the exchange and Messi signed a two-year collaboration, providing Messi’s fanbase access to Web3 and crypto trending opportunities on Bitget.

Throughout the years, the platform has maintained its strong performance and holds a significant market share, with Bitget Exchange ranking number four among the largest derivative trending platforms currently on CoinMarketCap. 

How to Open a Bitget Account

Our Bitget review continues with a step-by-step guide for signing up on the platform. You can register by email or phone.

If you choose to register through email:

1. Visit bitget.com and click the Sign-up button;
2. Type in your email and set a password;
3. Check the user agreement policy;
4. Click Create Account.

If you sign up through your phone, the process is similar:

1. Visit bitget.com and click the Sign-up button;
2. Type in your phone number and set a password;
3. Check the user agreement policy;
4. Click Create Account.

Whichever method you choose, you’ll receive a verification code, which you must submit to activate your account.

What Does Bitget Offer?

Let’s explore the key features Bitget offers. 

Wide Range of Cryptocurrencies

Bitget supports more than 700 crypto tokens and almost 800 trading pairs, including BTC, USDT, ETH, USDC, and BGB — Bitget’s native token. It’s important to note that BGB was the best-performing exchange token of 2023, even outperforming Bitcoin’s price. BGB was also named Top 10 tokens in H1 2024 by Forbes. 

The platform supports many futures options, like Coin-margined, USDT-margined and USDC-margined futures, across 130 trading pairs.

Copy Trading

Bitget was the first crypto exchange to offer copy trading features in 2020, and those services are now widely available across various markets. Bitget allows less experienced traders to mirror the more experienced traders’ trading strategies and positions.

The platform enables elite traders (experienced traders) to share strategies through recognition, reward systems, or other incentives. Bitget allows four types of copy trading:

Investment Products

Our Bitget review also highlights the platform’s investment products, one of which is Bitget Earn. It is an asset management platform under Bitget that provides flexible savings, future products, and Shark Fin & Dual investment.

With flexible and free staking, users gain full earnings from the chain without Bitget taking any commission. Daily interest is credited starting one day after staking, with payment the following day. Staking offers a principal-protected income without the risk of slashing.

Launchpool and Launchpad are also Bitget investment products. The former calculates rewards every hour, which users can monitor directly in their accounts. The latter allows users to stake and farm tokens, enabling them to invest in early-stage projects.

Educational Initiatives

Educational outreach is a key feature of Bitget’s CSR Project – Blockchain4Youth, implemented by the Bitget Academy. Bitget collaborates with well-known universities globally, and its Academy offers blockchain certifications and courses.

Web3 Ecosystem

Bitget has a comprehensive Web3 ecosystem consisting of several key features. The NFT marketplace facilitates buying and listing NFTs, while the Bitget Wallet supports over 250,000 cryptos and over 90 mainnets, as confirmed by every Bitget Wallet Review. 

Moreover, Bitget Swap is an advanced DEX aggregator that allows for instant token exchanges and access to many cross-chain swaps and trading pairs.

Finally, the dApps Ecosystem offers over 20,000 dApps in many categories, such as SocialFi, DeFi, GameFi, etc.

Special Programs

The BGB Airdrop rewards BGB holders with airdrops of new cryptos listed on the Bitget exchange. To be eligible for this program, BGB holders need to hold at least 4,000 BGB for 15 consecutive days before they register for crypto airdrops.

User Experience Enhancements

Bitget’s approach is great for crypto beginners, allowing them to understand and navigate the platform easily. It supports many languages, such as English, Spanish, French, German, Russian, Portuguese, Turkish, Chinese, Vietnamese, and Japanese.

The simple Bitget login ensures easy access for users. The platform offers risk disclosures and FAQs on most featured pages. Moreover, the address book feature allows users to manage many deposit addresses, allowing for the organization of transactions.

Availability

Countries

Bitget is available in more than 100 countries. The platform works globally, but it complies with international laws and regulations, resulting in it being restricted in several regions and countries, for example:

Devices

You can access Bitget through a web browser or download the app for your desktop or mobile device.

Bitget’s mobile app is compatible with both Android and iOS systems. Each Bitget review highly praises its user-friendly interface, comprehensive trading features, fast order execution, and robust security measures, such as the Bitget KYC. The Android app has a 4.7 rating, while the iOS app has a 5.0 rating.

Payment Methods

If you want to buy cryptos using local fiat currencies, there are several payment methods. They include Credit/Debit cards, Google Pay, Quick Buy, third-party payment providers, and P2P trading.

Bitget Fees

Bitget doesn’t charge any fees for depositing crypto to your account. Still, it charges a 0.1% fee for each spot trade for both Makers and Takers.

If users pay with the platform’s native token, BGB, they get a 20% discount on spot trading fees. In futures trading, Makers pay a 0.02% fee per trade, whereas Takers pay a 0.06% fee per trade. Withdrawal fees vary depending on market conditions.

Bitget Customer Support

Our Bitget review highlights the platform’s 24/7 customer service in several languages. Moreover, it features an automated chatbot, BGBOT, which provides 24/7 assistance. BGBOT is especially helpful for automated and immediate responses to standard inquiries.

There’s also a support section on Bitget’s website, offering answers to frequently asked questions. Some of this section’s key features are the option to submit a ticket for more specific user queries and the demo version, where users can practice trading with no financial risk.

Is Bitget Safe?

Bitget established a Protection Fund in 2022 to safeguard users’ assets in adverse situations. The platform offers Proof of Reserves updates every month.

The Protection Fund committed at least 300 million and is now valued at around 420 million with public wallet addresses. It is the industry’s second largest protection fund.

Moreover, many of Bitget’s digital assets are stored in offline, cold, multi-signature wallets. To further increase security, the platform implements mandatory KYC procedures.

Many people wonder: is Bitget regulated? Yes, it is. The platform was registered as a Virtual Asset Service Provider in Poland. The registration aligns with international and local regulatory requirements, providing a transparent and legally compliant trading experience.

Moreover, Bitget’s registration in Lithuania demonstrates its dedication to complying with developing digital asset legislation, enhancing its credibility and global presence.

Conclusion

Our Bitget review revealed that Bitget is a major player among crypto exchanges with a large and diverse user base. Its innovative features, regulatory compliance, and robust security measures make it a reliable and competitive platform.

The platform engages in major events and partnerships, prioritizing user education and boosting its market presence. Whether you are a novice or an experienced trader, Bitget offers valuable tools for a successful trading experience.

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