There are many exchanges on the cryptocurrency market, but only a few trading platforms manage to become leaders and survive several bear cycles. One of the most notable examples of a cryptocurrency trading platform that has managed to overcome several crises, gather a large crypto community, and secure its place at the top is BitGet.
Bitget is one of the most reputable cryptocurrency exchanges in the world. Founded in 2018, the exchange is also known for achieving solid trading volumes and often ranking in the top 10 in optimistic market conditions.
Bitget is a centralized exchange (CEX) based in the Seychelles, with an approximate user base of 20 million. Currently, the exchange provides its services in more than 100 countries and allows users to trade around 600 different cryptocurrencies. Bitget offers an optimal combination of trading tools and passive income opportunities. The platform offers a competitive fee structure that is lower than most of its competitors. In addition, the web3-focused Bitget Wallet is a gateway to DEX and DApp.
At the time of writing, the platform ranks 12th on Coinmarketcap with a daily trading volume of approximately $1.4 billion. In terms of monthly visits, BitGet ranks third after Binance and Coinbase, with 33 million visits. As for the derivatives market, BitGet ranks third after Binance and ByBit with open positions totaling more than $8 billion.
From features and fees to customer support quality and security standards, this Bitget review will cover every aspect of the exchange in minute detail.
The Bitget cryptocurrency trading platform was launched in 2018 by Singapore Bitget Pte. Ltd, a company that has been operating in the blockchain technology sector since 2015. Sandra Lou is listed as the founder and CEO. Bitget’s headquarters were located in Singapore, but later the servers and office were moved to the Seychelles. The history of Bitget’s creation and success is an example of how bold ideas and proper management can lead to significant achievements in the cryptocurrency industry.
At the very beginning of its activity, the company aimed to create a convenient and reliable platform for trading cryptocurrencies, providing users with access to a variety of trading tools and high liquidity. During the first two years, Bitget actively developed its products and services, introducing new features and improving the user experience. The Bitget platform began to attract the attention of traders thanks to its innovative solutions, such as support for futures trading and the ability to copy trades.
In the fall of 2021, BitGet faced its first lawsuit from Hybe Corporation. This happened after listing a coin called Army Coin. This token used the image of the South Korean hip-hop group BTS and spread false information that this coin was related to BTS. Later that year, Singapore regulators suspended Bitget’s license, which led to the migration of the BitGet exchange to the Seychelles.
In 2022, Bitget became one of the leading platforms for trading derivatives on the cryptocurrency market. In August of the same year, the exchange became a sponsor of the Juventus football club. In addition, in partnership with Lionel Messi, the administration launched an educational project called “Blockchain for Youth.” The platform launched several more strategic partnerships and expanded its presence on the international stage, which contributed to an increase in the number of users and trading volume.
In the spring of 2023, Japanese regulators imposed sanctions on BitGet for operating without local registration. During the same period, the exchange attracted $10 million in investments from the well-known venture capital fund Dragonfly Capital.
The story of Bitget’s creation and success is an example of how innovation, user focus, and strategic development can lead to significant achievements in the cryptocurrency market.
Bitget pays special attention to the security of its users and funds. This is one of the key reasons why the exchange has been able to gain the trust of the large crypto community and consolidate its position among the industry leaders. The implementation of modern technologies and strict security measures ensures reliable protection of user data and assets.
The Bitget wallet and even the standard exchange wallet use multi-signature protocols, ensuring the separation of private keys. This adds extra layers of security and ensures that your identity will not be compromised.
Wallet separation: user funds are stored separately between cold and hot wallets, which helps avoid network threats.
In addition to the aforementioned implementation, Bitget also uses two-factor authentication on all platforms and even adds DDoS protection. Furthermore, the Bitget trading platform has received 12 stars from A+ SSL labs, demonstrating the firm’s commitment to data encryption.
In addition to its services, Bitget has created its own security fund. The funds stored in this fund can be used to pay compensation to users. Bitget also regularly confirms the availability of reserves. This initiative is necessary to ensure that users are confident that the platform has the declared amount of assets.
Bitget takes security seriously and is constantly working to improve its protection systems. The implementation of modern technologies and strict security measures allows the exchange to provide reliable protection for users’ funds and data.
Go to the official BitGet website via the link –
https://partner.bitget.com/bg/Feebacker/
Enter your email address. Next, create a password. Make sure to check that F1Back is entered in the “Refferal code” field.
Agree to the terms of the user agreement and privacy policy and click the Create Account button.
In the next step, we solve a puzzle so that the system can verify our humanity.
Next, enter the six-digit password that was sent to your email address and click Sign Up – that’s it! You have successfully registered on the exchange.
We recommend that you verify your account immediately by clicking on the “Verify now” button.
For comfortable use of the platform, you can select Russian in the settings.
In the upper right corner of your personal account, click on the three stripes and select your language. Then click on the “Verify” button.
Select your country of residence and a convenient verification method (document). In this case, we are offered three options. Next, select the device that is most convenient for you to use for verification.
We confirm that we are not a resident of the United States. We confirm our actions by clicking the button.
In the next step, upload a scan of your passport, then turn on the camera to take a selfie. If the KYC operator complains about your laptop camera, continue the verification process on your phone by scanning the QR code and completing the verification requirements. These are: uploading two photos of your passport and completing the selfie verification.
After our data has been verified, we will receive a verification confirmation message. The status in your Bitget personal account will change to “Verified.”
Depositing funds into your account on the Bitget cryptocurrency exchange is a process that involves just a few steps.
If we already have cryptocurrency, we simply hover the mouse cursor over the wallet, then click on the “ENTER” button.
Next, select the tokens you need and carefully choose the blockchain network. If the network is selected incorrectly, the tokens will simply burn. Then enter the amount and copy the address, after which send the tokens from your wallet to the copied address. Make sure that the deposit amount exceeds the minimum amount allowed for replenishment on Bitget. That’s it! After several network confirmations, the tokens will arrive at the exchange. The transaction time depends on the network and the load on the network, usually taking from one minute to several hours.
P2P (peer-to-peer) trading is a method of buying and selling cryptocurrencies that allows customers to exchange assets directly without intermediaries. In this process, buyers and sellers find each other on the platform and conclude transactions on their own terms.
To buy via P2P, hover your mouse cursor over “BUY CRYPTO” in the top panel of your BitGet personal account and click “P2P Trading.” A new page will open where you can select the cryptocurrency you want, enter the desired amount, and choose a payment method. Once the filter is set, select the desired ad from the list and click “Buy.”
A credit/debit card is the fastest way to buy crypto.
Hover your mouse cursor over “BUY CRYPTO” and select “CREDIT/DEBIT CARD,” then select the desired currency and enter the desired amount. Click the “BUY” button. When purchasing, you will be asked to add your phone number; without it, you will not be able to buy crypto this way. A confirmation password will be sent to the specified phone number. Enter the password and continue with the purchase.
After that, click the “BUY” button, add your bank card, enter all the necessary details: cardholder name, card number, expiration date, CVV code, and click the “Next” button. At the next stage, make the payment. Wait for the cryptocurrency to be credited to your account.
In addition to all this, VIP clients are offered a premium cryptocurrency credit card with no purchase limits. If you are not a low-banker but a real cryptocurrency whale, then click “APPLY,” it won’t hurt.
Withdrawing funds on BitGet is a process that transfers cryptocurrency assets from the exchange to the customer’s external wallets.
So, to withdraw funds, hover your mouse cursor over the wallet icon in the upper right corner of your Bitget personal account, then click on the “WITHDRAW” button.
Select the currency you want to withdraw from the list, select the blockchain network, enter the wallet address to which you want to make the withdrawal, and click the “NEXT” button. Then enter the desired amount and click “WITHDRAW.”
In the next step, the system will ask you to enter the code from Google Authenticator. Enter it and click “Withdraw funds.” Wait for the transaction to be processed.
In this section, you can also go to the “INTERNAL TRANSFER” tab, where you can transfer funds to another Bitget exchange client without commission. To do this, you need to specify their email, phone number, or UID and click “NEXT.” Then select the desired currency and amount and click “TRANSFER.”
The spot market on BitGet is where customers can buy and sell cryptocurrencies at current market prices or create pending orders. It is one of the platform’s main tools and offers many opportunities for traders.
The Bitget platform strives to provide its customers with all the necessary tools for effective and secure cryptocurrency trading, while ensuring a high level of convenience and professionalism.
To conduct spot trading, we need to hover the mouse cursor over “TRADING” in the top navigation bar and click “SPOT.” The system will redirect us to the trading terminal page.
The first thing to do is to select a trading pair in the upper left corner. In the center of the trading terminal, we see a chart, and to the right, we see the order book.
Select the desired button: “BUY” or “SELL.” Next, select the order type “LIMIT” or “MARKET,” fill in the information, and click “BUY.” The order has been created. Now you can view it at the bottom of the trading terminal under “ORDER HISTORY.”
Margin trading on Bitget allows traders to borrow funds to trade assets, increasing their purchasing power. This option increases potential profits, but it is important to remember that the risks also increase proportionally. After all, if the price moves in the wrong direction, our deposit may be liquidated.
Margin works with both long and short positions in spot trading. When opening long positions, Bitget offers leverage of up to 3x for cross margin modes and up to 10x for isolated margin modes in USDT. We can use this leverage to buy the cryptocurrency we want, hold it until its price rises, and then sell it to make a profit. For shorting, the exchange provides the cryptocurrency we want to short, so the total amount borrowed will be much higher. If or when the price falls, we can later buy back these assets and resell them at a profit.
There are two main margin modes in margin trading: isolated margin and cross margin. Isolated margin limits the margin pool to a single position, meaning that margin requirements on other positions do not affect your isolated margin positions. This mode offers greater flexibility and exposes you to less risk, as a forced liquidation will only result in the closure of a specific position.
To start trading on margin, you can switch the tab to “Cross” or “Isolated” directly in the spot terminal. Next, select the trading pair, order type, price, leverage, etc. In general, the margin terminal is identical to the spot terminal; there is nothing complicated about it for those who already understand spot trading.
Bitget stands out from its competitors with its wide variety of trading bots. Trading bots on Bitget provide automated solutions for trading cryptocurrencies. They help traders execute trades based on predefined strategies and algorithms. Bots execute trades automatically based on user settings, saving time and minimizing the emotional factor in trading.
Bots support various trading strategies, including scalping, arbitrage, market making, and others. Users can customize bot settings according to their preferences and trading strategy, including buy and sell levels, stop losses, and take profits. Bots can provide reports and analytics on completed trades, which helps traders evaluate the effectiveness of their strategy and make adjustments. In addition, they can trade 24/7 without interruption, allowing you to never miss an opportunity in the market.
To select a suitable bot, simply hover your cursor over “Trading Bots” and select the appropriate one from the drop-down list.
Bitget offers a commission structure and VIP levels that vary depending on monthly trading volume, account balance, and number of BGB tokens. Bitget offers several VIP levels that provide traders with benefits such as reduced trading fees, reduced withdrawal fees, increased daily withdrawal limits, and a number of other additional advantages.
For regular Bitget users without VIP status, the standard spot commission is 0.1% for both makers and takers, but if the client has BGB tokens, a 20% discount will apply. The withdrawal limit is $3 million per day. As for betting on futures contracts, you can see the details in the image below.
Bitget Token (BGB) is Bitget’s proprietary token, which was launched in July 2021 with an initial price of $0.058. Currently, the token’s price is hovering around $1, and BGB’s fully diluted market capitalization is approximately $2 billion. The coin has already shown decent growth and is likely to continue growing if the Bitget exchange continues to develop.
BGB provides access to various loyalty programs and bonus offers, including VIP levels with additional benefits. In addition, BGB holders can receive discounts on trading commissions. The platform may offer various bonuses and promotions for BGB holders, such as airdrops, additional staking rewards, and other incentives. BGB holders may gain access to exclusive products, events, and offers that are not available to other users.
Therefore, if you trade on Bitget, it would be foolish not to buy BGB coins. Those who bought BNB for $10 at the dawn of Binance’s development in order to pay less commission have never regretted it!
Copy trading on Bitget allows users to automatically copy the trades of experienced traders. This is a popular trading method, especially for beginners who want to take advantage of the knowledge and strategies of professionals.
Hover your mouse cursor over “Copy Trading” in the top toolbar. Next, select spot or futures copy trading. Then select the appropriate trader from the list. Users can view detailed statistics and trading history for each trader, including profitability, number of subscribers, and other key indicators. Next, click the “Copy” button. Don’t forget to carefully review the training materials provided by the system when you enter the section so that you can correctly configure the copy trading process. Remember that the success of this direction depends not only on the trader’s success, but also on the correct settings of the copy parameters.
Customers can earn cryptocurrency without having to actively trade. The Earn section on Bitget offers users various ways to earn cryptocurrency through passive income. The most common way to earn in this section is through cryptocurrency deposits with flexible or fixed terms. The list of instruments in this section is quite extensive and includes: Bitget Earn, Savings, ETH 2.0, Staking, BGB Staking, Crypto Loans, Shark Fin, Smart Trend, Bitget Dual Currency Investments, Capital Management, and others. It should be noted that, like any investment in cryptocurrencies, the products in the Earn section are subject to market risks.
Bitget is a powerful and multifunctional cryptocurrency platform offering a wide range of services and products for traders of all levels. It provides security, ease of use, and competitive trading conditions, making it an attractive choice for many users in the cryptocurrency community.
BitGet is especially attractive to experienced traders because it offers a wide variety of derivatives. In addition, it allows anonymous trading without verification, with a withdrawal limit of $50,000 in such cases. Bitget takes payment processing seriously, ensuring the fastest possible deposits and withdrawals. Furthermore, when it comes to payment options, the platform supports debit and credit cards, as well as bank transfers. BitGet has all the necessary tools to be considered one of the best cryptocurrency exchanges today.
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