Bitget Review 2024

Bitget is a centralized cryptocurrency exchange founded in 2018. Its country of registration – Seychelles. On 8 April 2024 the number of trading pairs available for trading: 826. Bitget last 24-hour trading volume is $2,485,911,791. It changes to +7.81% compared to the previous 24-hour period. BTC/USDT is the most popular trading pair, its trading volume is $787,573,966 in the last 24 hours. The exchange has 9 of 10 possible reliability scores and provides clients with access to fiat currencies.
Volume (24h)
$2,485,911,791+7.81% ↑
Pairs
826
Rating
9 / 10
Country of registration
Seychelles
Fiat
TOP 10 pairs by volume
Pair
Price
24h Volume
Spread
Price change in 24h
Pair
BTC/USDT
Price
$71,954.00
24h Volume
$787,573,966
Spread
+0.01%
Price change in 24h
+$2,335.00 ↑ / +3.35%
Pair
ETH/USDT
Price
$3,694.85
24h Volume
$562,131,698
Spread
+0.02%
Price change in 24h
+$313.58 ↑ / +9.27%
Pair
SOL/USDT
Price
$180.98
24h Volume
$117,583,217
Spread
+0.01%
Price change in 24h
+$1.890 ↑ / +1.06%
Pair
XRP/USDT
Price
$0.6248
24h Volume
$97,780,823
Spread
+0.01%
Price change in 24h
+$0.030443 ↑ / +5.12%
Pair
DOGE/USDT
Price
$0.20427
24h Volume
$82,104,246
Spread
+0.02%
Price change in 24h
+$0.006020 ↑ / +3.04%
Pair
BGB/USDT
Price
$1.350
24h Volume
$52,968,825
Spread
+0.01%
Price change in 24h
+$0.040000 ↑ / +3.05%
Pair
SHIB/USDT
Price
$0.000028840
24h Volume
$51,081,843
Spread
+0.03%
Price change in 24h
+$0.00000042000 ↑ / +1.48%
Pair
PEPE/USDT
Price
$0.000007770
24h Volume
$46,955,020
Spread
+0.09%
Price change in 24h
+$0.00000049000 ↑ / +6.73%
Pair
WIF/USDT
Price
$4.220
24h Volume
$43,302,847
Spread
+0.02%
Price change in 24h
+$0.36000 ↑ / +9.33%
Pair
ENA/USDT
Price
$1.270
24h Volume
$22,516,811
Spread
+0.05%
Price change in 24h
+$0.07000 ↑ / +5.83%

    Bitget is a regulated cryptocurrency exchange founded in July 2018 in Singapore.

    The trading platform has multiple licenses (US, Canada, Australia, etc.) and offices around the world.

    Bitget is a reliable multifunctional marketplace. Crypto exchange users have access to: trade with cryptocurrencies on the classic spot market, futures, copytrading and algorithmic trading, P2P trading. Traders can also buy cryptocurrency using credit card and get a passive income through additional services(Launchpad, Savings, Giveaways, referral program, etc.)

    In a new review, tgdratings.com experts will talk about all the stages of working with the Bitget exchange: from creating an account to trading conditions and direct trading on the site.

    Registration and account verification

    Step-by-step instructions on how to register on the Bitget exchange:

    1. Click Sign up on exchange’s main page in the upper right corner;
      Bitget cryptocurrency exchange
      Bitget homepage
    2. Select type of registration: by email or phone number;
    3. Enter email or phone number, create and confirm password;
    4. Accept the terms and conditions of the platform and click Sign up.
      Bitget Exchange Registration Form
      Bitget registration form

    Go through a simple captcha confimation and enter the verification code received by email or phone number to complete registration.

    Every new exchange account is unverified. Identity verification is a prerequisite for access to the functionality of the exchange and trading. Verified accounts also have extended withdrawal limits.

    Step-by-step instructions on how to pass verification on the Bitget exchange:

    1. Click on the user icon in your account and select ID Verification;
      Bitget verification start
      Bitget verification start
    2. To verify an individual account, select Individual Verification → Start Verification;
      Individual account verification
      Individual account verification
    3. Specify country of residence, first and last name, date of birth;
    4. Select the type of identification document: upload the necessary pages and make a selfie with the document;
      Passing Identity Verification
      Passing identity verification
    5. Click Submit.

    Account security

    To set the security of all transactions made on the exchange, you need to enable two-factor authentication.

    Two-Factor Authentication is an additional layer of account security that involves entering one-time 2FA code in addition to your login and password. So, even if attackers know your password, they will not be able to get into your personal account and steal coins.

    To enable two-factor authentication, click the user icon and select Security Settings. Next, find Google Authenticator code line and click Setting. Follow further instructions.

    Enable two-factor authentication
    Enable two-factor authentication

    The account is registered. What’s next?

    After registration and verification, you will be able to use all the tools of the exchange: trade on spot and futures, make direct transactions on the P2P-platform, use copy tranding service and so on. But first you need to replenish your account.

    Available deposit and withdrawal methods

    Bitget services support only cryptocurrencies for depositing (depositing by fiat currencies are available through third-party services).

    Step-by-step instructions on how to fund up the account with cryptocurrency:

    1. Select Assets → Deposit tab in your personal account;
      Deposit replenishment on the Bitget exchange
      Depositing on Bitget
    2. Select cryptocurrency to transfer (e.g. USDT);
    3. Specify the transaction network. Make sure you select the same network as one set in the wallet you are withdrawing coins from (otherwise, the funds will be lost). For example, you have selected the TRX (TRC20) network;
    4. The system will show you USDT deposit address in the selected network: copy it or scan the QR-code;
    5. Paste this address in the wallet from which you transfer coins;
    6. Complete the transaction.
      Top up USDT via TRC20 network
      Depositing USDT via the TRC20 network

    Trading conditions and tools available on the Bitget crypto exchange

    The following types of crypto assets trading on the Bybit exchange are available for a trader: spot trading, derivatives, copy trading, algorithmic trading, P2P-service. Let’s analyze each tool in more detail.

    Buy crypto

    Verified Bitget users can buy cryptocurrency with fiat through third party services. For this:

    1. Specify the fiat currency you are paying with and the its amount (for example, 1000 USD);
    2. Select cryptocurrency to buy (e.g. BTC);
    3. Select intermediary for the transaction (for example, Banxa);
    4. The details of the deal will be displayed on the right side of screen: if everything suits you, click Next and follow the further instructions.
    Purchasing cryptocurrency from a card through intermediaries
    Purchasing cryptocurrency with a card through thrid-party services

    Spot Market

    Trader can set buy/sell orders on the classic spot market using Bitget. 370+ trading pairs are available for spot trading. The terminal consists of standard blocks: one to choose a trading pair, order book, chart, a form for setting buying/selling order, transactions history and a list of orders and their options.

    Bitget Spot Market Terminal
    Bitget spot market terminal
    Please note that margin trading is not supported on the spot market.

    Derivative

    The Bitget exchange specializes in futures.

    By working with futures contract, trader undertakes to buy or sell an asset under certain conditions.

    The trading platform offers the following types of futures:

    • USDT-M (quotes and settlements are in USDT);
    • USDC (perpetual contracts settled in USDC);
    • Coin-M (futures for BTC, ETH, XRP and others).

    There is also available an option to trade futures using trading bots and demo account for futures trading.

    Bitget futures trading
    Bitget futures trading
    Bitget allows to trade derivatives with the leverage up to 125x.

    Copy Trading

    Copytrading makes it possible to copy trades of other users of the echange. To do this, you need to select a trader and subscribe to him. Then you can set up certain risk control options such as leverage mode, margin, rules for placing orders, etc. After setting these parameters, the system will synchronize the trader’s signals on opening and closing positions in real time and starts automatically open and close positions after him.

    Bitget Copy Trading
    Copytrading on Bitget
    If you are a professional trader, you can make money by having other users to copy your trades. It provides additional money income and gives motivation to implement profitable strategies.

    Spot Grid Trading

    Spot Grid Trading on Bitget is represented by Grid trading service and provides an option to execute large volume orders by splitting them into several smaller parts, each one is executed separately. You can use various splitting algorithms, price characteristics and other parameters to set required conditions for your trading purposes.

    To start algorithmic trading on the Bitget exchange:

    1. Create a grid: set the lower and upper prices, as well as the price range of the strategy;
    2. Run strategy;
    3. Let it works.
    Algotrading on the Bitget exchange
    Algotrading on the Bitget exchange

    P2P Trading

    Exchange users can trade directly without intermediaries thanks to the P2P-platform.

    For P2P-trading on the exchange, follow these steps:

    1. Select Buy Crypto → P2P trading in your personal account;
      P2P transactions on the Bitget exchange
      P2P trading on Bitget
    2. Select Buy to buy or Sell to sell assets on the P2P-trading page;
    3. Select the asset you are buying or selling and the currency to pay;
    4. Specify payment method;
    5. Based on the set criteria, the system will select available offers: select the one you need and proceed to buy/sell.
      Create a P2P deal request
      Creating a P2P trade request
    Bitget does not have any fees for P2P trades.

    Commissions and limits

    Deposit: no commissions.
    Withdrawals: depends on coin and network. For instance: the fee to withdraw Bitcoin with the BTC-network – 0.0006 BTC, with the BEP20 network – 0.0000529 BTC.
    Spot trading fee: flat rate 0.1% for all participants.
    Futures trading: 0.02% for makers and 0.06% for takers.
    The exchange provides an opportunity to reduce the trading commission on the spot market from 0.1% to 0.08%. To do this, you must have the native cryptocurrency of the exchange – Bitget Token (BGB) – in your account wallet.

    All actual information on fees can be found on the fees page.

    How to trade on the Bitget cryptocurrency exchange

    Bitget has standart trading interface. First you need to specify the instrument for trading from the menu: for spot trading, select the Spot tab, for futures – Futures. Next, choose a trading pair and set a buy/sell order.

    There are a step-by-step instructions on how to buy/sell an asset on the spot market (using the BTC/USDT trading pair as an example):

    1. Go to your personal account and select Spot → Spot Trading tab;
      Trading on the Bitget Spot Market
      Trading on the Bitget spot market
    2. Enter BTC/USDT in the the searching bar on the left to find a trading pair;
      BTC/USDT trading on the Bitget exchange
      BTC/USDT trading on Bitget
    3. The form for creating an order located under the chart: for buying, fill out the form Buy BTC, for selling – Sell BTC;
    4. Specify the order type (for example, Market for an instant trade at the market price);
    5. Set the amount of USDT you are going to spend in the Total column;
    6. Click Buy BTC.
      Buying Bitcoin on the Bitget Spot Market
      Buying Bitcoin on the Bitget Spot Market

    Additional services of the Bitget exchange

    Launchpad

    Launchpad is Bitget’s launchpad for bright and promising projects. Users can get early access to such projects by purchasing their tokens with BGB (the exchange’s internal currency).

    Bitget launch pad
    Bitget Launchpad

    Bitget Academy

    Bitget Academy is a section of educational categorized text and video content (cryptocurrency, blockchain, trading, futures, copytrading and so on).

    Bitget Academy
    Bitget Academy

    Mystery Box

    Mystery Box contains various exchange promotion programs with rewards. For example, for the first deal or a reward for inviting friends to Bitget.

    Mystery Box
    Mystery Box page

    Referral program

    By participating in the Bitget referral program, users can earn up to 30 % of the commissions on the transactions of the attracted referrals. In the personal account of each Bitget user there is a referral code and a referral link (this is a kind of “invitation” that is sent to potential clients of the exchange).

    Bitget Referral Program
    Bitget referral program

    Savings

    Bitget Savings is a service for flexible cryptocurrency savings provide getting interest payments to user on every daily basis.

    Bitget Savings
    Bitget Savings

    Mobile app

    In addition to the web version, Bitget is also available as a mobile application for IOS and Android devices.

    Using the mobile app, you can trade, use copytrade section and additional exchange services, etc.

    Reviews

    It is important not to look at the overall rating when reading reviews about a particular service, but to take into account the content of the review: what exactly the user liked/did not like. It often happens that the feedback has nothing to do with the exchange.

    Popular review platform where users can share their experiences with services - Trustpilot.

    Positive feedback about the Bitget exchange note: multifunctionality of the trading platform, a variety of trading pairs, low commissions and the possibility to pay even less when paying with BGB tokens, availability of licenses, etc. Negative ratings are associated with payouts, slow technical support, account freezes, and so on.

    Advantages and disadvantages

    Licenses from regulators in the US, Canada, Australia, etc;
    Offices around the world;
    Multi-language site;
    Large list of supported trading pairs;
    Low trading commissions (reduced when paying with BGB tokens);
    Spot market and futures trading;
    Copy trading and strategic trading;
    Additional earning opportunities: savings, BGB deposits, Bitget Launchpad, Bitget Launchpool.
    To access the functionality of the exchange, you need to pass verification;
    Purchasing cryptocurrency for fiat through intermediaries available only for verified users.

    FAQ

    What is Bitget?
    Bitget is a feature rich regulated trading platform. Provides access to the spot market, derivatives market, P2P trading, copytrading and algorithmic trading.
    Whose exchange Bitget is?
    Bitget cryptocurrency exchange was established in 2018 in Singapore. THe exchange has licenses from regulators in the US, Canada, Australia, etc.
    How does Bitget work?
    The algorithm for working with the Bitget trading platform includes the following steps:

    1. Registration;
    2. Verify account (mandatory procedure);
    3. Top up your account;
    4. Go to trading terminal;
    5. Create an order to buy/sell an asset;
    6. Buy or sell an asset

    More detailed guide is in the section How to trade on the Bitget cryptocurrency exchange.

    How to top up а Bitget account?
    To fund up your Bitget account:

    1. Select Assets → Deposit in your account ;
    2. Specify assets to deposit and network (be sure you select the same network as one in the wallet you are withdrawing coins from);
    3. Copy the address for transferring coins;
    4. Insert this address into wallet from which you transfer coins;
    5. Make a transfer of funds from the wallet to the exchange.

    Deposit and withdrawal methods are described in the article above.

    How to withdraw funds from Bitget?
    To withdraw coins from Bitget account:

    1. Select Assets → Withdraw in your account;
    2. Specify assets to withdraw and network (be sure you select the same network as one in the wallet you are withdrawing coins from);
    3. Enter the address to transfer coins from your wallet in the Withdraw address field;
    4. Set quantity;
    5. Click Submit.

    How to use Bitget?
    Bitget works like any other trading platform. All transactions with assets are made through your personal account. To get access to it, you need to be registered. Some exchanges, including Bitget, require mandatory account verification. To increase the security of funds, it is recommended to enable two-factor authentication.

    Bitget exchange allows you to trade on different markets within the same platform (spot, derivatives, P2P). Like any exchange, Bitget has makers (“create” the market by filling it with liquidity) and takers (“move” liquidity from the market by selling and buying assets). The trading process takes place in the trading terminal. To use it you need to specify a trading pair first, and then create an order to buy or sell an asset.

    The user's assets are stored in the exchange wallet. However, we don't recommend you to store them on the exchange, but withdraw to non-custodial wallets.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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