Bitget is the newest addition to the growing number of crypto exchanges. So let's take a closer look at the exchange, what it offers, and whether it's worth your time.
What is Bitget?
The Bitget exchange for crypto was launched in Singapore in 2018. With more than 2 million users, it offers a variety of trading strategies. Bitget is also licensed and has a daily trading volume of $365.
Bitget traders benefit from industry-leading security and extremely competitive trading charges. Additionally, it supports over 250 crypto assets. The list includes all the major tokens, such as Bitcoin and Ethereum.
Bitget Exchange review | Key Features
Let's take a closer take look at the most important aspects of the Bitget exchange.
-
Spot Trading
Bitget offers 100x leverage on more than 200 trading pairs. Spot pairs do not offer margin trading options. Traders of cryptocurrencies can take advantage of Bitget's lightning-fast execution and TradingView charts.
-
Futures Trading
Leverage up to 100x is available for cross and isolated positions. Bitget also offers limit, market, trigger, and trailing stop orders.
-
Launchpad for Bitget
With Launchpad, even the common user can participate in promising blockchain projects.
-
Copy trading
Users can boost their chances of winning by copying trading strategies and strategies from experienced traders using the exchange's copy trading feature.
-
Quanto swap contracts
To trade crypto on margin, you can use other crypto assets as collateral. As a result, you can increase the value of high-value crypto assets and reduce the cost of converting them.
-
Bitget earn
With BitGet Earn, traders can profit passively from their digital assets. Currently, BitGet Earn only accepts BGB, the native currency, and offers only two products.
-
Bitget Savings
With this feature, traders can deposit coins and earn daily earnings in a flexible manner. BTC offers an APY of 1% while DOT offers a rate of 5.6 percent. Five assets are supported.
-
Bitget GroupCoin
Traders can purchase featured cryptocurrencies at discounted prices using this feature. The more participants, the more lucrative it is.
-
Bitget Strategic Trading
This is an automated grid trading platform that allows crypto traders to execute trade strategies on a grid that is not actively managed.
Bitget Token (BGB)
The currency used by this exchange's native ERC20 is represented with the token BGB. It is used for the following purposes:
- 15% - 20% trading fee reduction
- Can be staked at APR of 6%.
- Compatible with the Earn program.
- It is useful for contract margins in the context of contract trading
- 15% discount on BGB Marginated Futures Trades
- To find potential partners and launchpad events.
Bitget Exchange Review
With several licenses around the world, Bitget is a safe and regulated platform. We will discuss some of the security options available here in this article,
- Cold storage on cold servers offline
- Qingsong Cloud Security, Armors, and HEAP are backed by Suntwin Technology
- 2FA is required to modify your account withdrawals, logins, and logging in.
- Whitelisting withdrawal addresses
- SSL Labs awarded 12 A+ ratings
Bitget Exchange review |Fees
For deposits in Bitget, there are no fees, but for crypto transactions, there are 2-8% fees. Makers and takers of spot trades are also charged 0.1 percent fees. Maker transactions are taxed at 0.2 percent, taker transactions are taxed at 0.065 percent, and futures trades are taxed at 0.2%. Withdrawals are also competitive depending on the asset. Withdrawals of BTC from Bitget are subject to a withdrawal fee. It is 0.0006 BTC.
KYC and Account Verification
Bitget does not require KYC to open an account. Unlike many other exchanges, this exchange offers KYC-free accounts. Those without KYC can trade, deposit, buy, and withdraw up to 20 BTC per hour. KYC verification is required if you wish to do more than that.
Bitget Exchange review | Mobile App
Bitget mobile is a mobile application that provides the same functionality as Bitget's web-based platform. It also has an easy-to-use UI/UX. Android and Apple app stores both offer the app, which has an average rating of 4.8.
Bitget Exchange review
By joining the affiliate program, users can earn 10 USDT or 10 BGB. Their referral link must be used after they sign up and make a trade. You can also earn up to $500 for each referral you make with this rewards program.
Platform Design and Usability
Both the mobile and web platforms have been designed with the user in mind. Their interface is simple and easy to use. In addition, features such as TradingView's charting enhance the platform's functionality and quality.
Bitget Exchange Review
Due to the lack of fiat offramps, only crypto deposits and withdrawals are possible. However, you can convert cryptos into over 40 fiat currencies without paying any conversion fees. Apple Pay, Google Pay, and TransferWise are all options for buyers.
Bitget Exchange review | Customer Support
You will receive solid assistance in multilingual languages 24 hours a day by email or chat. There is also a great self-help section as well as educational content to learn the basics of.
Conclusion
Bitget is a cryptocurrency exchange that provides users with a variety of profitable trading options. Furthermore, it is robust, simple to use, offers excellent customer support, and has a wide range of features.
Investors can still benefit from its unique capabilities even though it isn't the most profitable cryptocurrency exchange. Make sure you do your homework before deciding whether Bitget is right for you.
FAQs
-
Is Bitget secure?
It has multiple licenses worldwide and is a secure and regulated exchange. SSL Labs has rated it 12 A+ and it offers cold storage offline.
-
Is Bitget beginner friendly?
Although Bitget offers a user-friendly interface it offers more complex trading options. OKX is the better option for novice traders.
-
Can I trade on Bitget without KYC?
You can make deposits, buy and sell, and even withdraw as much as 20 BTC per day with no KYC. KYC verification is required if you want to withdraw more than 20BTC.
No comments:
Post a Comment