Bitget Review 2026

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Bitget Security

Bitget employs several security measures to protect user funds and data:

• Proof of Reserves (PoR): Bitget maintains a 1:1 reserve ratio, ensuring that its funds in reserve correspond with customer assets held on the platform​​.
• $300 Million Protection Fund: Upgraded from $200M in November 2022, this fund safeguards Bitget users against losses from cyberattacks or other incidents.
• Two-Factor Authentication (2FA): While not mandatory initially, 2FA is highly recommended for logins, withdrawals, and account modifications, with Bitget suggesting using Google Authenticator​​.
• Data Encryption: SSL encryption is utilized for additional security​​.
• Cold Wallet Storage: Most funds are kept in cold wallets (offline), which are multi-signature and backed by offsite storage. Bitget also maintains a hot wallet, with private keys stored securely and multiple layers of verification for withdrawals​​.

These security features collectively contribute to Bitget’s robust security framework, aiming to protect its platform and users from potential security threats.

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Opening an Account and Trading

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:

• Use a bank account matching your KYC name to avoid refunds and fees.
• No need for transfer memos or references to crypto/Bitget.
• Avoid using Wise bank (or similar potentially pooled accounts); Bitget only accepts funds from accounts in your name, and Wise may use pooled accounts.

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.

Example

When making a transaction on Bitget via Simplex to purchase USDT with USD, here’s how the fees break down:

• Simplex Fee: Approximately 1% of the transaction amount. For a $1000 purchase, this would be around $10.
• Blockchain Fee: A fixed charge, which in this instance is $0.25.
• Bitget Fee: Currently set at 0%, making it a cost-effective option for crypto purchasing.

After accounting for the Simplex and blockchain fees for a $1000 transaction, you would receive approximately 971.4 USDT.

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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.

Withdrawal fees

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.

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:

1. Supported Cryptocurrencies: Bitget offers an extensive range of over 800 cryptocurrencies, including BTC, DOGE, USDT, ETH, XRP, and Solana. For futures trading, Bitget features over 300 pairs, providing massive diversity and choice for users.
2. Product Offerings: Both platforms provide a variety of trading products. Bitget, however, is mainly known for its futures trading, copy trading, and margin trading, catering to traders seeking a more diversified range of trading options​​.
3. Order Types: In terms of order types, both Bitget and Bybit offer similar options, including market order, limit order, and trigger order, providing flexibility and catering to different trading strategies​​.

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Trading Options on Bitget

Copy Trading on Bitget

Bitget’s copy trading was introduced in 2020, quickly gaining recognition in the crypto industry. Here are its main features

• Experienced Traders as Masters: Allows seasoned traders to share their strategies, which followers can replicate.
• Benefits for Both Masters and Followers: Masters scale profits, while followers bypass the learning curve.
• Active User Base: Over 100,000 traders actively engage in copy trading on the platform.
• Selection Aided by Leaderboard: Features risk metrics like win rate and 30-day P&L for each master trader.
• Transparency in Performance: Full trade histories of masters are available for thorough vetting.
• One-Click Copying Mechanism: Automatically mirrors the master’s trades in the follower’s account.
• Simultaneous Copying: Enables copying multiple masters at once.
• Engaging Social Elements: Includes comment sections for strategy discussions and community engagement.
• Incentives for Masters: They can earn up to 20% of profits from followers, creating a quality-driven environment.
• Democratic Approach: Democratizes institutional strategies for regular traders via social trading.

Trading Bots on Bitget

Bitget’s trading ecosystem is enhanced by automated trading solutions, with bots designed to cater to various strategies. These include Spot Grid Trading Bots, which automate buys and sells at specific levels within spot markets, and the Auto-Invest Bot, which is particularly useful for implementing dollar-cost averaging and automating regular investment strategies. The platform’s bots are suited for traders at various levels, from intermediate to advanced, ensuring everyone can benefit from their efficiency and accessibility.

Bitget Partnerships

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.

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Bitget Supported Currencies

EUR, GBP, BRL, UAH, RUB, TRY

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