Basic Information About Bitget
| Key Details | Information |
|---|---|
| Founded | July 2018 |
| Supported Cryptocurrencies | BTC, XRP, ETH, SOL + 840 others |
| Spot Trading Fee | Up to 0.1% for makers/takers |
| Services | Trading, loans, copy trading, bots, Web3 Wallet, staking, IEOs |
| KYC Required | Yes |
Bitget is a Seychelles-based cryptocurrency exchange operating since 2018. It offers a seamless experience for both beginners and advanced traders with its intuitive interface and high liquidity.
What’s Covered in This Review:
- History of Bitget
- How to buy/sell cryptocurrencies
- Additional services (Earn, Copy Trading, Web3)
- Fee structure
- Security measures
- Pros and cons
History of Bitget
Founded by a team with traditional finance expertise, Bitget launched derivative trading in 2019 and introduced its popular Copy Trade feature in 2020. In 2021, it released its native token, Bitget Token (BGB), an ERC-20 asset used for fee discounts and staking.
Bitget has partnered with major brands like:
- Juventus F.C.
- Galatasaray S.K.
- Lionel Messi (brand ambassador since 2022)
👉 Explore Bitget’s partnerships
How to Buy Cryptocurrencies on Bitget
Bitget supports:
- Desktop and mobile apps (iOS/Android).
- Credit/debit card purchases (higher fees, ~5.9% spread).
- Spot trading (low fees: 0.1%).
Steps to Buy BTC:
- Navigate to Markets → Spot.
- Select BTC/USDT.
- Choose order type: Limit/Market/Trigger.
- Confirm trade.
Note: For direct fiat purchases, use the "Buy Crypto" option (higher fees apply).
Additional Services
1. Earn Products
- Savings: Flexible/fixed-term interest.
- Staking: Up to 5% APY (e.g., ETH).
- Launchpool: Free token distributions.
2. Copy Trading & Bots
- Copy elite traders with proven ROI.
- Use AI-powered bots for automated strategies.
3. Web3 Integration
- Trade DeFi tokens via Bitget Wallet.
- Access decentralized exchanges directly.
Fee Structure
| Fee Type | Cost |
|---|---|
| Spot Trading | 0.1% (0.08% with BGB) |
| Futures Trading | 0.02% (maker) / 0.06% (taker) |
| Card Purchases | 4.5–6% spread |
| Crypto Withdrawals | Variable (network-dependent) |
Security & Reliability
Bitget employs:
- 2FA (SMS/Authenticator).
- Proof of Reserves (overcollateralized).
- Protection Fund ($422M in assets).
Pros and Cons
✅ Pros
- Wide cryptocurrency selection (840+).
- Low trading fees.
- Advanced tools (Copy Trading, bots).
❌ Cons
- No Czech language support.
- High card purchase fees.
- Limited fiat deposit options (no CZK).
FAQs
1. Is Bitget safe?
Yes, it uses 2FA, Proof of Reserves, and a $422M Protection Fund.
2. What’s the minimum trade amount?
$5 for spot/futures.
3. Can I withdraw without KYC?
No, KYC is mandatory for withdrawals.
4. How do I reduce fees?
Hold BGB tokens for a 20% spot fee discount.
5. Does Bitget support staking?
Yes, with up to 5% APY on select assets.