Bitget was founded in 2018 in Singapore by a group of software developers Sandra Lou and Intae Song serve as Bitget’s CEO and CSO, respectively. Its trading market is worth $9.8 billion every day. The exchange has over 2M registered customers. Copy trading was added to the exchange in 2020. Users of all skill levels like Bitget, which can be utilised on desktop computers and smartphones, as well as that signing up is a breeze. This Bitget review will provide a summary of its features and usage.
Buying and selling digital currency is what Bitget does. CFDs and the spot market can be traded by customers. Derivatives trading is the bulk of their business. Some coins in the crypto realm gain their value based on how they are utilised. It is allowed to trade on Bitget if you are a resident of the United States, Australia, Canada, or Singapore.
Copy trading is one of the most common uses of Bitget. An expert trader is hired to develop a technique that you can then employ to trade in the same way they do. All of this is handled by the trader you select, so you don’t have to constantly monitor the crypto market. Using copy trading, you can earn up to 8% more money than you would otherwise. It’s incredibly user-friendly, and its users accomplish a great deal of work on it.
It is possible to buy and sell spot, futures, and copy trades using Bitget. There are numerous options available to customers. Bitget Futures trading employs the popular bitcoin derivative strategy of perpetual future contracts. Leverage is a financial tool that enables investors to invest with resources they do not already possess. Using Bitget’s 125x leverage for trading pairs like USDT/BTC, customers can earn 100 times their deposit. Any modification to their Bitget account, no matter how tiny, will result in the loss of their money.
A few of Bitget’s more notable attributes include the following:
Bitget is a well-known trading platform where tokens can be traded directly. You can duplicate trades with a single click using the USDC margin.
Bitget developed its own method for exchanging pairs. It is one of the top six cryptocurrency exchanges in terms of volume and has a wide range of new derivative products.
Bitget has been granted licences in three countries: Canada, Australia, and the USA. Both CoinGecko and CMC’s standards are met by this exchange.
Transactions on Bitget’s spot market are charged a fee of 0.1 percent. Cut fees to 0.08 percent with Bitget’s native coin, BGB.
Using Bitget, investors are able to keep their cold and hot wallets separate. According to their website, SSL Labs awarded them 12 A+ ratings. Before making a purchase, potential buyers can secure their accounts using two-factor authentication.
You can save 20% on transaction costs and 15% on futures trading with BGB tokens. 2,000,000,000 BGB tokens have been created. Keeping and reselling tokens is profitable for BGB owners.
Bitget’s ID verification process is simple. Traders must use the account verification code to prove they are who they claim to be. Click “Account Information” and then enter the user’s name, nationality, secure password, first name, and government-issued identification. After getting the verification code for their identification, the user can open an account. Video tutorials can help you to get more information about this platform.
Fiat currency or another cryptocurrency wallet can be used to fund the trader’s account, and a variety of cryptocurrencies are available for withdrawal.
Bitget allows you to trade while saving money on transaction fees. There is a fee for every transaction made by a user on the exchange. Only a small portion of the total trade value is taken as commission. Platform liquidity is created when takers and makers both place new orders on the platform. Taking and making fees are each 0.20 percentage points.
Bitget is primarily concerned with trading options and contracts on the spot market. Spot dealers have to pay a fee of 0.20%. The Bitget DeFi Token, the exchange’s own cryptocurrency, has a 0.14 percent transaction fee (BFT).
Customers pay 0.06 percent for contracts; with a discount, it’s 0.04 percent; consumers get a 33% market order if they sign up; producers pay 0.02%.
Unlike most other services, Bitget levies a fee of 0.0006 BTC for each bitcoin withdrawn. Withdrawals cost an average of 0.00053 BTC.
Deposit and withdrawal possibilities are plentiful at Bitget. Using Banxa and Mercuryo, Bitget introduced fiat deposits in 2021. To purchase cryptocurrency, use a credit card, a debit card, Apple Pay, or Google Pay.Fiat currency deposits are completely free. Payment gateway fees are not under the control of the exchange.
In fact, Bitget is completely legitimate. All user data and communications are protected by the site’s usage of HTTPS. Bitget has become one of the most popular cryptocurrency exchanges due to the high volume of traffic the site receives.
Bitget’s customer care offerings are extensive. All areas of trading are covered by the site, including live chat, extensive instructions, and guidelines. In the FAQ section, you’ll find answers to frequently asked questions.
Traders can contact the support team by tapping on the help chat box in the lower right corner of their screen. There is always someone to talk to if you have a problem.
Users can open an account by downloading the Bitget app or visiting the website. Access to the site is possible via desktop computers running any of the following operating systems: iOS, Android, Mac OS X, and Windows. Bitget’s app or website can be used to access the sign-up form to begin trading.
Bitget is a wonderful one-stop-shop for traders of all levels, from novices to seasoned veterans. Professionals who already know everything there is to know about crypto trading can safely ignore these articles because they are clear, informative, and not at all condescending. Another benefit of copy trading is that it may be used to share information about various trading tactics. In addition, copy trading provides an extra advantage. Transparency in the security procedure would make the exchange’s customers feel more secure. It is an excellent choice for anyone seeking a new home in the cryptocurrency trading business because of its versatility and minimal operational costs.