Bitget

Bitget Exchange Review

Bitget Exchange is a cryptocurrency platform established in 2018. The exchange has a wide range of trading options such as spot trading, futures trading, margin trading, strategy trading. The platform is user-friendly, and it provides an excellent interface that is easy to navigate. This makes it perfect crypto exchange for beginners.

However, before you decide to use any trading platform, there are several factors worth considering. Platform safety, deposit and withdrawal options, trading fees, leverage they offer, KYC requirement, customer support. In this Bitget review we'll also look at the platform's pros and cons.

Bitget Bonuses - something for the new users

Bitget offers various bonuses to users such as a bonus for new users who sign up, referral bonuses, and trading bonuses.

Users who refer friends to the platform enjoy some commissions on their trades.

Trading bonuses are given to users who make high trading volumes, and it varies based on the volume made. However, users should read and understand the terms and conditions before claiming any bonus.

Bitget Exchange Safety and Regulation

Is Bitget Exchange Safe to Use?

Safety is a top priority for Bitget Exchange. The platform has numerous security measures such as two-factor authentication, email verification, KYC verification protocol, and more. This is all to ensure your funds and data are secure.

Bitget Licenses

Bitget is licensed to operate in several countries such as the United States, Great Britain, Singapore, Hong Kong, and more. Bitget is also regulated by relevant regulatory bodies in these countries.

In May 2023 Bitget also received a regulatory license in Poland.

Deposits & Withdrawals on Bitget Exchange Platform

How to Deposit Money into Bitget Exchange?

To deposit currency to Bitget Exchange, users can use their debit or credit cards, and several other payment options like wire transfers, and cryptocurrencies. When it comes to fiat money, you can either deposit fiat or buy crypto directly with your credit card.

When it comes to fiat deposits, you can deposit EUR, GBP, and BRL.

SEPA payments (EUR) as well as GBP and BRL fiat deposits are free.

Please note that the minimum deposit in Bitget is 0.01 USD.

How to Withdraw from Bitget Exchange?

To withdraw funds from Bitget Exchange, select the currency they need to withdraw, enter withdrawal amount, and pass the KYC verification. The funds will be credited to their designated account within the stipulated timeframe.

As with deposits, withdrawals are possible using fiat as well

Does Bitget Exchange Have a Withdrawal Limit?

Yes, Bitget Exchange has a withdrawal limit which varies depending on the security level of the user's account.

If you pass Level 1 verification (ID verification), the limit is 3M USDT/day or with fiat 50K USD/day.

If you pass Level 2 verification (address verification), the limit is 3M USDT/day or with fiat 2M USD/day.

People, who have not verified their account yet, can withdawa up to 50k USD/day or 100k USD/month.

Bitget Exchange Fees

Deposit Fees

Bitget Exchange doesn't charge any deposit fees on its platform.

Withdrawal Fees

Bitget Exchange charges a withdrawal fee based on the specific cryptocurrency used by the user. In case of fiat withdrawals the fee is only around 0.5 EUR.

Trading Fees

The base trading fee charged by Bitget Exchange 0.08% for Taker and 0.08% for Maker.

How High Leverage Does Bitget Offer?

Bitget Exchange offers high leverage on Margin trading, which ranges from 5x to 125x. This feature is particularly useful for advanced traders, but beginners must use it with caution.

Bitget Exchange KYC

Do You Have to Verify Your Account on Bitget Exchange?

Yes and no. It is actually possible to trade without KYC. But you have smaller limits and you can't use fiat payment options.

How to Verify Your Bitget Exchange Account?

Users can verify their Bitget Exchange accounts quickly by filling in their personal information and submitting a government-issued ID. You can do that under Profile -> ID verification.

Why and When Should You Verify Your Bitget Exchange Account?

The best idea is to verify your account the moment you start to use it for trading. It gives you an extra layer of security should you lose access to your account for one reason or another.

Bitget Exchange App

Bitget app is available for both Android and iOS devices. The app makes trading convenient and easy for its users. Users can access their accounts, trade, and manage their funds.

Bitget Exchange Earn

Bitget Exchange users can earn on the platform through its saving plans, which offer an annual return of up to 60%. You can also use their staking option, take advantage of the Launchpad, or use multiple other earn options.

Bitget Exchange Customer Support

Bitget Exchange provides excellent customer support service to its users. Users can reach the customer support team via email or the app support service.

Bitget support email is support@bitget.com.

Pros and Cons of Using Bitget Exchange

Is Bitget Exchange Simple to Use?

Yes, Bitget Exchange is simple to use, and users can navigate the platform easily without much hassle.

What Do Traders Think About Bitget Exchange Based on Other Reviews and Comments?

Based on reviews and comments, Bitget has fairly great reputation among traders. Users love the the simple user-friendly interface, high leverage, low fees, and the exchange's commitment to security and regulation.

Final Thoughts

Bitgetoffers users a wide range of trading options that make it easy for everyone to trade cryptocurrencies. Users can access high leverage, a wide range of security measures, and a user-friendly interface, amongst other advantages.

However, when it comes to disadvantages, we can mention limited trading pairs.

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Author: Siim Einfeldt
I became interested in cryptocurrencies only a bit more than two years ago. Since then I have been in investing in cryptos using different exchanges. And I also launched Cryptolorium.com when I started trading, just to share my crypto journey and my results.