Bitget Review
Bitget is a crypto exchange founded in 2018 and based in Singapore. In a few years, Bitget has grown into a big name and has users spread worldwide. According to CoinMarketCap, Bitget is among the top-5 global derivatives exchanges based on trading volume. The crypto exchange offers both spot trades, with instant delivery of the purchased assets, and futures trades, a futures contract to deliver an underlying asset at an agreed time at an agreed price.
About Bitget
Bitget is a cryptocurrency exchange founded in 2018 that mainly offers derivatives trading, such as futures and options. The platform is based in Singapore and has since grown into one of the largest exchanges worldwide in results trading. Bitget has a wide range of products and services, such as spot trading, futures trading, options trading and staking. This makes it an attractive option for both novice and advanced traders. Moreover, Bitget continuously expands and improves its services, contributing to a reliable and user-friendly trading experience.
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Bitget customer experience
Customers are generally satisfied with Bitget and praise the platform’s user-friendliness, low fees, and fast transactions. However, Bitget only gets two stars on Trustpilot. Complaints on this platform are mainly about customer service that would need to be in order.
Our experience at Bitget
We have tested Bitget extensively ourselves and are generally positively surprised. The platform is well-organized and easy to use, which makes the trading experience enjoyable. In addition, Bitget offers many trading pairs, making it possible to trade in different cryptocurrencies. The presence of a demo mode is very useful for novice traders who can practice with it risk-free before betting real money.
The trading opportunities are extensive, with spot, futures, and options trading. Advanced trading strategies for experienced traders, such as margin trading and leverage, are possible. Bitget also has a copy trading feature, which allows traders to copy the methods of successful traders.
This copy trading is one of the things that makes Bitget truly unique. Namely, it allows users to earn passive income, as it were, by automatically copying trades from other traders on Bitget.
Another plus of Bitget is its staking feature, where users can use passive income by ‘staking’ their cryptocurrencies. This is a good way to earn additional returns without actively trading.
Trading fees at Bitget
The trading fees at Bitget are competitive and among the lowest in the market. They use a maker-taker model, where makers (those who place orders) and takers (those who execute orders) pay different fees. The fees depend on the trading volume but are typically between 0.03% and 0.07%.
Customer Service at Bitget
Bitget has excellent customer service that can be reached 24/7 via live chat, email, and phone. In addition, the platform has an extensive FAQ section where frequently asked questions are answered. We tested customer service and received quick and clear answers to our questions. Our experience differs from the experiences of users on Trustpilot.
Bitget Mobile App
Bitget has a mobile app that can be downloaded from the Apple App Store and the Google Play Store. The desktop version is displayed on a larger screen; therefore, the graphs make more data visible. However, the mobile app could be better for Bitget users. The functions that the website offers can also be used in the app.
Bitget app experience
The Bitget app is available for Android and iOS users and offers a user-friendly and uncluttered interface. The app allows traders to easily manage their accounts, execute trades, and monitor the market.
Fast and easy crypto trading
Bitget makes it easy to trade cryptocurrencies quickly and easily. The platform is intuitive and suitable for both beginners and experienced traders. Certainly, the demo accounts can be worth their weight in gold. Beginners can learn to trade and invest this way without financial risk.
The Bitget trading platform also includes more than enough features for the seasoned trader. So there is something for everyone.
Register with Bitget
The registration process at Bitget is simple and fast. Users must provide an email address or phone number, set a password, and complete account verification. After completing the proof, one can start trading immediately. Users must verify their identity through the Know Your Customer (KYC) process to withdraw larger amounts and access advanced features. This process involves providing personal information and uploading identification documents, such as a passport or driver’s license.
What distinguishes Bitget from other exchanges is that most functionalities are simply available without users going through this KYC process. If that is something you find important, Bitget is certainly interesting.
Is Bitget Safe?
Bitget attaches great importance to the safety of its platform and users. The platform uses advanced security technologies like SSL encryption, cold storage, and multi-stage authentication. In addition, Bitget regularly conducts internal and external security audits to ensure the security of its systems.
In addition, Bitget uses a risk management system to detect unusual trading activities and thus reduce the chances of hacks and other security incidents. Bitget has not experienced any major security incidents to date, which increases trust in the platform.
Given the above measures, Bitget is a safe and reliable platform for trading cryptocurrency. However, it is always important to research and be careful when choosing a cryptocurrency exchange.
Frequently Asked Questions about Bitget
FAQ #1 Is Bitget also active in Belgium?
Bitget’s services are available virtually anywhere in the world. So also, in Belgium, people can sign up at the crypto exchange from Singapore.
FAQ #2 Do I Need to Verify with Bitget?
Not all functionalities will be available if you do not verify, but the vast majority will. Different from many other exchanges on the market, it is unnecessary to confirm with Bitget.
FAQ #3 How to stake work at Bitget?
At Bitget, it is possible to stake your proof-of-stake coins, such as Cardano (ADA), Polkadot (DOT) and Solana (SOL), to receive interest. Bitget’s offer in this respect is equal to the competition.
FAQ #4 What is 2FA at Bitget?
Two-factor authentication (2FA) is a security process where you use an ‘authenticator code’ when logging in to make your account at Bitget extra secure. For example, this code is created on an authenticator app on your phone.
