An ambitious crypto exchange known for its robust security, innovative trading options like copy trading, and its push into Web3
|Daily volume trading
|Number of cryptocurrencies
|617 coins and 698 trading pairs
|Virtual currency exchange and Depository virtual currency wallet from LFCIS, Lithuania
|EUR, GBP, BRL, UAH, RUB, TRY, USD
|Card, Bank, P2P
Founded in 2018, Bitget has rapidly ascended to prominence in the cryptoverse. It serves an impressive user base of over eight million people across 60 countries.
By June 2019, Bitget had established itself as a leading player in crypto copy trading and derivatives exchange, achieving a valuation in the multi-billion dollar range following its latest financing round. CoinMarketCap and CoinGecko consistently rank Bitget among the top five global exchanges for derivatives trading volume.
Bitget’s 0% fees on crypto purchases and competitive trading fees have significantly contributed to its popularity as a user-favorite exchange. Additionally, in its five years of operation, Bitget has introduced several innovative products like USDT-Margined Futures, Copy Trading, and Quanto Swap Futures. Its copy-trading platform has become the largest globally, boasting over 110,000 elite traders and over 520,000 followers.
Bitget prioritizes user fund security, underpinned by a robust $300 million Protection Fund. The platform offers a broad trading experience with over 500 spot trading pairs and reports a daily spot trading volume of $500 million, significantly contributing to the crypto market’s vibrancy and dynamism.
The Bitget team has 1,300 employees. The company has secured high-profile partnerships, including being the official crypto partner of soccer legend Lionel Messi, a seven-time Ballon d’Or winner, and sleeve sponsorship partner for Juventus, a renowned Italian football club.
Bitget employs several security measures to protect user funds and data:
These security features collectively contribute to Bitget’s robust security framework, aiming to protect its platform and users from potential security threats.
Purchasing Cryptocurrency on Bitget
1. Buying bitcoin with Credit Card
On Bitget, you can purchase cryptocurrencies using credit cards like Visa, Mastercard, Apple Pay, Google Pay, Discover, and Diners Club. To start a purchase, enter the desired amount in your currency (e.g. USD, EUR), select the payment method, and follow the prompts to complete the transaction. For example, the amount of USDT or BTC received will be displayed.
2. Using P2P (Peer-to-Peer) Trading
Various payment methods are supported, including bank transfers and wallets. This method lets you trade with other users directly, with Bitget as a transaction platform.
As of February 2023, Bitget announced that users can buy USDT and other cryptocurrencies using their bank accounts and local payment options using P2P. The list of countries includes the USA, the UK, and Japan.
3. Buying crypto with bank, available for EUR, GBP, and others, but not USD
For EU residents, topping up your EUR account on Bitget is straightforward. After validating your phone for security, account validation takes about an hour. You can then deposit funds via a bank transfer to Bitget’s EU banking partner, HARMONIIE SAS, a French bank headquartered in Paris.
Important points when buying crypto with bank transfer:
4. Third-Party Payments
For additional payment options, Bitget partners with third-party payment processors like AlchemyPay, Banxa, Mercuryo, and Simplex. Users are redirected to the provider’s website to complete the transaction when using a third-party service.
When making a transaction on Bitget via Simplex to purchase USDT with USD, here’s how the fees break down:
After accounting for the Simplex and blockchain fees for a $1000 transaction, you would receive approximately 971.4 USDT.
How does Bitget compare on fees?
The combination of zero fees and low spread offered by Bitget stands out as an exceptional onramp opportunity for crypto beginners.
While Bitget advertises a 0% fee for certain transactions, it does not mean you can get the same amount of crypto for your fiat. As with most exchanges, Bitget practices a ‘spread.’ The spread is the difference between a currency’s buying and selling price, effectively acting as a cost to the user.
Most exchanges implement both a spread and an additional fee. These spreads and fees can differ significantly across various exchanges and are subject to frequent changes in response to market dynamics. For instance, Coinbase has up to a 4% fee for buying small amounts of crypto with a credit card. Bybit has a 0.19% Fee on SEPA.
Binance has a spread of approximately 4% for USDT purchases, meaning buying 1 USDT would cost $1.04. They used to charge a 1.6% fee for credit card transactions. However, following leadership changes with CZ’s departure and the SEC charges, Binance no longer provides options to onramp using USD.
For Bitget, the spread can be around 3% over the USDT price. We recommend carefully reviewing the terms and understanding the pricing structure before completing a transaction.
For withdrawals, Bitget offers fee-free options on fiat withdrawals. SEPA/EU transactions typically take around 2 days with a nominal €0.5 fee, while UK transactions are processed instantly with a similar fee of £0.5. For the latest fee structure, please look at the updated table on Bitget’s website at https://www.bitget.com/fee/withdrawal.
As for trading fees, Bitget takes a different approach to the tier structure utilized by most exchanges:
Trading fees can be reduced by up to 20% for traders who pay fees with the platform’s BGB token.
How does Bitget compare on features?
People choose Bitget for several reasons. Here are three things that Bitget does well in comparison with 0ne of the industry leaders Bybit:
Bitget has made notable strides in expanding its marketing initiatives through significant partnerships and sponsorships. These include sponsoring Juventus F.C, Italy’s most storied and successful football club, and becoming the official eSports crypto partner for PGL Major. Further enhancing its impressive portfolio, Bitget has collaborated with global football icon Lionel Messi.
In addition, 2022 saw Bitget announcing sponsorships for major eSports events like PGL RMR, PGL Major Antwerp 2022, and the PGL DOTA 2 Major Arlington 2022, marking its substantial presence in both the sports and eSports arenas.
Notably, Bitget has launched ‘Blockchain4Youth,’ a $10 million CSR project focused on empowering youth through blockchain education, including courses in Bitget Academy and global university collaborations.
Future Growth and Offerings
Bitget strategically aims to become one of the top three exchanges globally in the next three to five years. And with the accelerated market share decline of some top players, this might happen sooner rather than later. Their goal is part of its broader vision to enhance product offerings and promote the adoption of cryptocurrency trading worldwide. Key to this strategy is bridging Centralized Finance (CeFi) and Decentralized Finance (DeFi) to provide equitable blockchain access. Central to Bitget’s plan is enhancing its copy trading feature, attracting elite traders and leveraging advanced AI technologies for improved accuracy and reliability.
EUR, GBP, BRL, UAH, RUB, TRY
Is Bitget available in the United States?
Here is the platform message you get when logging in from the US: According to your IP address and information, you are in the United States of America, where we’re not allowed to render the service.
Although it might be technically possible to use Bitget, we highly encourage you to use regulated exchanges in your country, offering additional protection. Please check regulated exchanges in the US in our country guide.
Where is Bitget regulated?
Bitget operates under regulation within the European Union, having secured a license for Virtual Currency Exchange and Depository Virtual Currency Wallet services from the Lithuanian Financial Crime Investigation Service (LFCIS). For more details, you can visit the LFCIS website.
Has Bitget directly experienced a hack?
Not exactly. However, Bitget’s associated wallet, BitKeep, was compromised in December 2022. Over $8 million in cryptocurrencies were stolen, including Binance Coins (BNB), USDT, DAI, and Ethereum (ETH).
What are the promotions you get when opening an account on Bitget?
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