Bitget Exchange Review
Bitget exchange established in July 2018, started with coin derivative services and has quickly grown into a major futures exchange. It provides users with various cryptocurrency trading options and a safe and transparent trading environment, earning its place as a top three-ranked large exchange.
- User-Centered UI/UX : Designed for everyone from beginners stepping into the world of coin futures to experienced trading professionals, ensuring easy and comfortable trading start for all users.
- Secure Custody : Bitget rigorously protects users’ assets. Advanced security technology keeps users’ assets always safe, which is why there have been no hacking issues to date.
- Freedom of Choice : Bitget supports a variety of cryptocurrencies, offering a platform where users can freely trade the coins of their choice.
- Customer Service : The customer service team is always ready to help users by providing quick responses to problems and questions.
A particularly big advantage of choosing Bitget is that it offers two fast futures order modes, particularly beneficial for expert futures traders.
Additionally, for those interested in scalping or fast spot trading, Bitget’s chart orders and quick mode offer special order features, allowing users to experience its top advantages.
Diverse Information about Bitget Exchange
Bitget is the only exchange in the world to have a partnership with Juventus FC, with a substantial fan base interested in cryptocurrencies. Particularly, the exclusive model contract with Lionel Messi indirectly shows how much capital they possess.
Bitget’s security technology utilizes cryptocurrency cold wallet and hot wallet services. Using these two appropriately offers the following benefits:
- Perfectly protects users’ cryptocurrency assets from online external hacking.
- Allows storage of virtual assets in various ways.
Unbelievably Exceptional Events
Currently, Bitget Exchange is running a very exceptional registration event for new users, offering a high 50% discount on fees to reduce the cost burden.50% Fee Discount on Registration
In addition, there are various innovative campaigns prepared, including free airdrop tokens, trading volumes, and bonuses for new registrants. The registration event is offered indefinitely, but some campaigns are available for a limited time only, so immediate participation upon reading this information is necessary.
What are Bitget Exchange’s ranking, trading volume, representative, and country information?
- Futures Exchange Ranking: 4th
- Spot Exchange Ranking: 20th
- Trading Volume: Up to $900 million
- Country: Singapore
- Average Daily Visitors: 1 million
Although it ranks 4th in overall derivatives, it ranks 10th in spot. The futures trading volume is 12 trillion, but the spot is 1 trillion.
The headquarters is in Singapore, and there are branches in over 100 countries, including South Korea, Japan, Hong Kong, and China.
Who is Bitget CEO?
The CEO is Sandra Lou, a woman from Singapore who has been the representative since the founding of Bitget. Referencing interviews with CEO Sandra Lou can reveal the startup story.
Where is it regulated?
Bitget can operate legally only in countries that have a Virtual Asset Service Provider (VASP). Notably, it is not regulated in the United States (some states), Canada, Europe, and Hong Kong. However, since using it alone does not lead to punishment, you can use it without worry.
Which companies invested in Bitget Exchange at the beginning of its business?
Well-known giants in the cryptocurrency world like MX Capital, Transparency Fund, 8 Decimal Capital, and Coinis invested in the early stages of the business, using the funds for platform upgrades, marketing costs, etc., and it is known to continue receiving ongoing investments. Bitget Exchange investment details can be checked on the [Crunchbase] page.
Does Bitget support an app?
You can download the Bitget app through the App Store or Google Play Store. The UI/UX has been developed in the most superior environment among the future exchanges (Binance, Bybit, Coinbase, etc.) I have used, so you can experience convenient trading.
What are the currencies handled by Bitget?
Bitget Exchange handles a total of 614 types of spot coins and 204 types of future coins. In terms of spot coins, it ranks 30th among global exchanges, and for futures trading, it ranks 10th.
It not only lists major coins such as Bitcoin, Ethereum, EOS, Ripple, and Tron but also handles lesser-known non-major coins.
More detailed information can be found on the Bitget Exchange page on CoinMarketCap.
Types of Bitget (bitget) Trading Platforms
It provides various types of trading platforms, including spot trading where users can buy and sell actual cryptocurrency assets. It also offers futures trading where users can predict the future price of cryptocurrency and profit accordingly.
Additionally, it provides option trading that allows users to predict the price of cryptocurrency at a specific point in time and profit from it.
Furthermore, it provides margin trading that allows users to borrow funds to trade with more assets. Lastly, it offers governance voting, enabling users to participate in platform decision-making and influence future updates and improvements through voting. More details are as follows:
- Copy Trading : Bitget offers a very diverse range of copy trades, including futures copy trading, spot copy trading, and grid copy trading. Explore Bitget Copy Trading
- USDT, Coin-M Futures : Futures trading is the most convenient and simplified compared to other exchanges, supporting up to 125x leverage. Explore Bitget Futures Trading
- Demo trading : A platform for practicing various futures contracts, good for preliminary testing. Explore Demo trading
- Spot Trading : Provides spot contracts supporting more than 600 pairs. Explore Spot Trading
- Grid Trading : A trading with various automatic robot trading algorithms. Supports various gridding services for futures and spot.
- Staking : A system that allows you to receive rewards by holding various coins, including BGB tokens.
- Quick Trading Mode : Provides not only the ability to order directly while looking at futures and spot trading charts but also simplified order trading. It is a very important feature for sudden market fluctuations or scalping trades.
All trading platforms offer low fees, so you can use the service without burden.
Purchasing Bitcoin via Card Payment
You can purchase cryptocurrency in four ways. Excluding brand fees, the platform fee is 0%, allowing for burden-free purchases. In urgent cases, you can purchase via card payment and start trading coins quickly.
Bitget Exchange with No Fee Burden
High fee discounts, VIP program, or BGB token discounts allow for trading with no fee burden. This is a unique advantage that only Bitget can offer among all futures exchanges.
Purchasing Bitcoin via P2P Trading
A P2P platform is a trading method that allows you to get something through a one-on-one system. Using P2P trading offers the following advantages:
- You can negotiate Bitcoin prices directly with an unspecified counterpart.
- There is a possibility of obtaining at a cheaper market price than through regular trading.
- There are no fees.
- You can trade in various fiat currencies, not just in yen.
Safe transactions are possible through the intermediary system provided by Bitget Exchange.
For example, if you want to directly convert your USDT Tether coins into USD, you can receive it through direct bank transfer via P2P trading, which is a significant benefit.
Furthermore, profits obtained through P2P trading are not recorded for tax purposes, so there is no need to pay high income tax.
Advantages and Disadvantages of Bitget Exchange
You can experience the same trading experience with a wide variety of copy traders worldwide.
- Built with optimized trading speed and related systems.
- Copy trading is very well done and suitable for beginners.
- Offers high discount rates.
- Market prices are the cheapest.
- Prepares very exceptional and various events.
- Technically allows for quick spot trading. (Highly recommended)
- Long-short ratio can be easily checked.
- Funding fees are relatively cheap.
There are many advantages to the reputation of Bitget Exchange, and it’s faster to experience them one by one than to explain them in words. One thing for sure is that there is no better and reputable exchange to use than Bitget Exchange.
- There are often occurrences of lag.
- The customer service is known to be slow.
The most significant disadvantage is the slow response time of the customer service, which can cause major inconvenience if any issues arise while using the exchange.