Bitget: Bitget exchange reviews and reputation Is it safe? Thorough explanation of features

Bitget

Bitget is a popular cryptocurrency exchange located in Singapore. We will explain user reviews and reputation, safety and features (advantages and disadvantages). Futures trading and copy trading have become very popular, and there are registered users all over the world, so it can be said to be a fairly popular exchange. We will thoroughly explain the features, advantages and disadvantages of Bitget.

Bitget company profile and safety

Bitget is a virtual currency (crypto asset) exchange based in Singapore and was established in 2018. It is one of the top exchanges on CoinMarketCap, and has over 8 million users in over 100 countries around the world, making it one of the most popular and recommended exchanges worldwide. Copy trading is very popular on Bitget. It has the advantage of being easy to make profits just by setting it up, but it is also possible to make a lot of money on your own. Currently, Lionel Messi has a partnership contract.

Source : Bitget

Establishment2018
locationSingapore
registered user8 million people ~
Operating companyBitget Limited
financial license
SNSX
Telegram
Instagram
YouTube

Financial license acquisition

Bitget has comprehensive financial licenses in the United States, Canada, and Australia. Bitget has obtained three licenses from the Financial Services Agency since 2020, and the necessary conditions are strict and it is not easy to obtain one, so it can be said to be a somewhat reliable exchange. It is a financial institution that has regulations against money laundering, terrorist financing, etc., so it can be said to be quite safe.

United StatesFinCen
CanadaFINTRAC
AustraliaAUSTRAC

Establishment of protection fund

Bitget officially states that it has established its own $300 million protection fund. What this means is that if Bitget is hacked and the user’s assets are damaged, the user’s assets will be protected. If you have suffered damage from fraud due to hacking or information leaks, you will now be able to apply for compensation from the protection fund. It’s guaranteed so you can feel very safe.

Distribution of registered users

Bitget has become a globally popular exchange and has the characteristic of having registered users all over the world. According to TradersUnion, a review site for virtual currency exchanges around the world, there are many users in Russia, South Korea, Mexico, Venezuela, Ukraine, Japan, India, and the United States. The main attraction is that there are many users in the Americas. The exchange is often featured in news stories in the media, so it has a lot of attention.

Source : TradersUnion

Features, advantages, and disadvantages of Bitget

We will explain the features, advantages, and disadvantages of Bitget. As you can see on the official website, the main trading conditions are listed below. We highly recommend this company as it allows you to invest in listed coins. It’s easy to do, you can access the market from the platform and trade from the chart. Bitget is licensed by the Financial Services Agency, is quite popular in the industry, and is a top-ranked exchange.

Coins handled600~
commissionDeposit: Free
Withdrawal: 0.0000051~0.0003BTC
Spot trading: 0.1%/0.1% (Maker/Taker)
Supported services・Futures trading
・Spot trading
・Automatic trading
・Staking
・Launch Bad
・Air drop
・Copy trading
corresponding devicePC/iPhone/Android
maximum leverageBTC/USDT 125
ETH/USDT 100
BCH/USDT 100
XRP/USDT 50
ADA/USDT 20
BTC/USD 125
ETH/USD 50
BCH/USD 50

Full of copy trading

The biggest feature of Bitget is that it allows copy trading. Copy trading is a method of copying a professional trader’s trades to your own account as a follower. There are three types of copy trading available on Bitget: futures, spot trading, automatic trading, and grid bots, so there is a wide variety of copy trading available. It is a good deal because the amount will increase considerably just by depositing your funds with an excellent trader with good results. Even beginners can start right away with a high possibility of limiting their losses. You can also check the yield (profit), so let’s check the past results.

Many compatible devices

Compatible devices include not only PCs but also iPhones and Androids. The trade app can be downloaded and installed from the external link below. If you create an account, you can immediately start trading new products using the smartphone app. In addition, if you learn about market price movements and gain experience and track record, you can become a top trader and make profits.

Google Play

Apple

Can be used without KYC

Bitget allows you to use all basic functions such as spot trading and deposits and withdrawals without KYC. However, please note that there is a limit to the amount of funds that can be used for remittance in one day. If you use Bitget without KYC, you can use it immediately after registering, so you can try it out for yourself.

Up to 125x leverage trading

Bitget allows futures trading with up to 125x leverage, depending on the currency pair. Other exchanges often have 100x leverage, but Bitget’s leverage is clearly among the highest among popular exchanges, so it is highly recommended as you can trade with small amounts. You can expect big returns even with a small margin. There is also a zero cut system and a forced loss cut, so even if your money goes negative, there is no risk of incurring debt and there is no margin call, so you can rest assured. You can use any method you like. Safe operation is possible.

Over 600 brands available

We handle over 600 types of coins, which is quite a lot in the world. Therefore, you can not only trade and settle major cryptocurrencies (Ethereum, Bitcoin, Ripple, Tether), but also minor altcoins. Important airdrop events are also held frequently, and the event is very popular as there are many prizes to be won by lottery.

Many trading methods

Bitget has a wide variety of asset management methods, and offers buying and selling trades depending on your purpose, such as spot, futures (derivatives), staking, and liquidity mining. There are many coins available to get started, and we also support the transfer and exchange of funds in the target account. The process is very simple and direct. The fees paid are also relatively low.

Unique token BGB

BItget has issued BGB token as its own developed virtual currency. With BItget, you can receive benefits from various campaigns by holding and using BGB tokens once. Also, at Launchpad, the reward (amount received) is determined by the amount of BGB tokens held. This token is stable and seems to have a promising future.

Lots of campaigns

Bitget regularly holds discount campaign programs for registrants, so there are many opportunities. It is used by many active users because it is risk-free and allows you to earn large returns. A limited number of special events will be held at the time of the new listing, so be sure to participate when the time comes. Bitget also frequently hosts new cryptocurrency trading competitions.

Full operational support

Management support is also substantial. It is convenient because you can select your favorite language in a situation where multiple languages have been introduced. You can contact us through different means such as email or live chat, and we will respond immediately. Compared to FX companies, it is more fulfilling as it is available 24 hours a day, 365 days a year. If you have any concerns about operation, please ask. We also carefully manage personal information. You can also download your transaction history and prepare for taxes.

Deposit and withdrawal methods

Deposit and withdrawal methods are limited to virtual currency remittance, bitwallet, and credit card purchases. MasterCard and VISA are supported for purchasing virtual currency using credit cards. Virtual currency remittances can be converted into legal currency (US dollar, Japanese yen, etc.) after applying for remittance to another exchange from the wallet management screen. However, when sending money, be sure to enter the correct address. Please note that some networks may be congested, so updates may take longer than expected.

Security measures

Bitget has a very solid security mechanism on its system, so it is worth paying attention to because it guarantees safety and reliability. Details include SMS verification code, two-step verification, and even email verification. When making a withdrawal, you are automatically verified many times, which may seem more troublesome compared to other companies, but on the other hand, it means you can feel more secure.

What are Bitget’s reviews like?

What are Bitget’s reviews like? I’d like to introduce_______ We have excerpted some of the latest reviews of TradersUnion, so we hope you will find them helpful when using our service in the future. Overall, the content is as rich as okx, binance, and bittrade, but you can also see some negative reviews. Although it is a major company along with mexc, Binance, Bybit, etc., please consider using your own judgment.

To trade with the BitGet exchange or not to trade depends on the trader and his requirements. The conditions of BitGet did not suit me in all respects, so I did not stay here, but for some people, BitGet will be the best option.
As for me, the first thing I faced was the unavailability to use fiat funds to replenish the account. There is no fiat at BitGet at all, including in the tools. But the leverage is up to 1:125, which can be an advantage for experienced traders.
Investment programs do not interest me, I have not tested them. I know that they exist. It is not necessarily the case that BitGet is suitable for investors because there is nothing else but the trades copying service. Staking is unavailable also.
I have no complaints about the technical part. The terminal works properly, and I did not notice any failures either on the web platform or on the mobile application. Unless you need to get used to the functions, not everyone feels comfortable when there is too much information on the screen. Verification is fast, the support service does not hesitate either. It is possible to test the activity on a demo account, but I would hardly advise beginners to start with BitGet. There are no materials for obtaining basic knowledge, and blind trading is a waste of time, even if you do it without the risk of losing your money.

Source : TradersUnion

I’ve been at BitGet, it seems, almost since the foundation of the exchange. At first, the amounts I invested were not large, so as not to risk much.
While working here, I noticed that the exchange does not plan to close. This can be seen even in the most elementary things, such as its website. When you visit BitGet, you can see that money has been invested in the site, and it continues to be invested. The same QR code for quickly downloading the application is a handy thing. And a lot has been invested in the development of the application. No wonder the company has grown to an international level.
I have been closely observing the trading conditions here for a long time. Commissions in BitGet are, in principle, the average for the market. If you trade futures, then it is profitable, but I was not interested in spot trading. I prioritized another option — copy trading. It is developed here, perhaps not at the global level, but it is quite possible to find a professional. This service brings me an additional couple of hundred bucks every month, which I already consider a good result.
Will I recommend the exchange to beginners? Maybe. At least, at BitGet, you can start by demo trading, and then move on to real trading. You won’t lose anything. And you will gain experience.

Source : TradersUnion

I’ve recently discovered BitGet and have not yet decided whether I will remain here. The minus of this exchange is there is absolutely no information for beginners on the exchange, not even a simple guide. There are only a few brief instructions for setting up orders contained in the FAQs section, and it’s not very informative. I had to apply to the support service, but it is not convenient to do that every time. And I already received basic knowledge about crypto trading from everywhere such as forums, other exchanges, and free sources.
BitGet continues to actively develop. That is an advantage! Launchpad, an interesting platform, is being brought into service. I haven’t seen anything like this on any exchange. But the development of the exchange itself is more about security for me: money is being invested in the company, which means that it is definitely not going to go to the bottom.
Another benefit of BitGet is its proprietary copy service. While I’m learning, I can simultaneously try to get passive income and test copying trades of different traders; plus, It’s convenient. In terms of commissions, I see no reason to discuss because they are on average the same as everywhere else. Except for possibly reducing them initially to zero for the first trade after registration and the first trade. The exchange gives bonuses that can be used to pay commissions.

Source : TradersUnion

I think that copy trading on bitget is designed specifically to make investors lose their money, because all accounts that offer subscription to trades are unprofitable. I tried six accounts from the bitget top 10 accounts for copy trading. These accounts show profits. But in reality, I lost more than USDT 700 by copying trades.

Source : TradersUnion

The BitGet exchange can block an account for any reason. A week ago, I received a notification that my trading account on BitGet was blocked due to two transactions that seemed suspicious to the exchange. It’s puzzling how I could have done something wrong when I was only trading on the BitGet platform and not using any third-party software. I’m waiting for the account to be unblocked and then I’m leaving.

Source : TradersUnion

Let me tell you a few words about BitGet. It’s quite an ordinary exchange. I didn’t notice any specific shortcomings; everything was quite standard, like with many other companies. The advantages include a large number of assets, the list of which is constantly growing. The minus is that these assets can be delisted, and you can do whatever you want with these coins. Fees on BitGet are high. I closed my account here and left for another exchange.

Source : TradersUnion

The BitGet exchange may block funds for withdrawal without any reason. I started cooperation with this exchange five months ago and have already made several transactions. But the last transaction through another cryptocurrency exchange service was blocked. The money did not arrive in the account; it remained on the exchange itself. They sent a letter saying they needed confirmation of a legal transfer. I sent all payment receipts. This was followed by a verification reset, and the BitGet exchange required you to go through verification again. I sent the documents, but two weeks passed and nothing has changed.

Source : TradersUnion

Everything is bad with coins and listing on BitGet. I got listed on exotic coins a couple of times, and then lost more than half of my deposit. The exchange doesn’t bother much about listing. It provides some coins, which are removed from trading the next day. You invest in them, and then do what you want. So, I think, BitGet is dubious.

Source : TradersUnion

The worst service for copying trades! The bitget exchange claims that traders can easily invest in other traders’ strategies. But in fact, the exchange does not check how these traders trade. And one more problem – you cannot disable bitget’s subscription to strategies before the subscription time expires. That is, you see that the strategy is unprofitable, but you can’t do anything. In general, there are a lot of problems with bitget.

Source : TradersUnion

BitGet registration is free

Opening a BitGet account is free of charge. You can open an account by clicking the button below. There is a language switching bar on the top right, so you can switch to your favorite language and register. You can also create multiple accounts or a demo account after opening. Once you have completed the login, password, and phone number settings, you can begin trading immediately. You can submit documents later.

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