BITGET

    Bitget is a global cryptocurrency exchange platform with a history dating back to 2018 that brought along derivatives trading, spot trading, and other innovative features such as copy trading. With clients in over 60 countries, it is a registered company headquartered in Seychelles, is known to serve and deliver a flawless service to over 20 million users.

    History and Background

    Bitget is a fast-growing project founded by a team that is passionate about blockchain technology. It was ranked in the top five exchanges on futures trading volume by the time of July 2020 and had a 24-hour trading volume of $5.6 billion. LALIGA, Lionel Messi (2022–2024), Turkish elite athletes, and others have enhanced its global brand through strategic partnerships.

    Bitget’s Global Presence and Reputation

    Bitget is present in more than 100 countries, mainly in Asia, Europe, and Latin America. It is listed on CoinMarketCap and CoinGecko and has high liquidity and innovative trading solutions. However, it has regulatory restrictions and doesn’t support users in the US or UK.

    Why Bitget is a Top Exchange

    Bitget offers a great blend of low fees, user-friendly design, and the best of all features, like One-Click Copy Trade, among other things, making it a top choice for traders who want to get into the market and also want profits.

    Key Features of Bitget

    • Extensive cryptocurrency support: it has over 500 trading pairs, covering some of the stable cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), and the popular coins such as SHIB and PEPE.
    • Spot trading fees start at 0.1%, and fees are discounted through the use of Bitget Token (BGB).
    • One-Click Copy Trade: Follow professional traders with more than 12,000 professionals and over 380,000 followers who have already made over $120,000,000 of follower profit.
    • High liquidity futures (USDT-M, USDC-M, Coin-M) and up to 10x leverage on spot markets.
    • Every investor needs passive income. Bitget Earn is catered to exactly this need, offering you options for staking, savings, and Launchpool.
    • Web3 Wallet: Integrated wallet for decentralized trading and DeFi access.
    • Bitget Academy: Free educational content on trading strategies and blockchain.
    • P2P Trading: Direct fiat-to-crypto trading with local payment methods.
    • Launchpool and Bots: Access new projects and automate trading with AI-powered bots.
    • Mobile and Desktop Platforms: Intuitive apps for seamless trading.

    Getting Started on Bitget

    Creating an Account

    Visit www.bitget.com or download the Bitget app from the App Store or Google Play.

    Click “Sign Up” and register with an email address or phone number.

    Verify your account via the confirmation email or SMS code.

    Completing KYC/Verification

    • Log in and navigate to “ID Verification” under the profile icon.
    • For Level 1 KYC, submit your government-issued ID and nationality details.
    • Optional Level 2 KYC requires proof of address for enhanced security.
    • Verification typically completes within a few hours.

    Enabling Security Features

    • Enable two-factor authentication (2FA) using Google Authenticator or SMS.
    • Set an anti-phishing code to verify legitimate Bitget communications.
    • Use a strong, unique password and avoid sharing account credentials.

    Overview of the Dashboard

    The dashboard of Bitget’s trading is easy to use with sections like spot trading, futures, copy trading, and Bitget Earn. Beginners are guided through each feature with interactive tooltips and dynamic tutorials to make onboarding a smooth experience.

    Funding Your Bitget Account

    Depositing Fiat Currency

    • Head to the Bitget homepage, then go to “Buy Crypto.”
    • Purchase crypto with over 40 fiat currencies through your credit/debit card, Apple Pay, Google Pay, SEPA, SWIFT, or local bank transfer using Quick Buy.
    • In P2P trading, one can directly purchase from trusted sellers through local payment methods (i.e. bank transfer or mobile payment).

    Depositing Crypto

    • Go to “Assets” > “Deposit”, choose the currency.
    • Set the blockchain network (e.g., ERC20, BEP20, TRC20) for which the functionalities need to work.
    • Send the wallet address to transfer from your external wallet or exchange by copying or scanning the QR code.

    Understanding Deposit Networks

    Ensure the deposit network matches the sending platform’s network to avoid losing funds.

    Common networks include Ethereum (ERC20), Binance Smart Chain (BEP20), and Tron (TRC20).

    Buying and Selling Crypto

    Using “Buy Crypto” Options

    • Quick Buy: Instantly purchase crypto with fiat using cards or mobile payments.
    • P2P Trading: Trade directly with other users, selecting verified sellers for secure transactions.

    Trading on the Spot Market

    • Head to “Trade” > “Spot” and choose a trading pair (ETH/USDT, for example).
    • You can use the clean interface to get access to real-time charts, order books and trade history.

    Market, Limit, and Stop-Limit Orders

    • Execute trades instantly at the current market price, Market Order.
    • Set a specific price for a buying or selling limit order that is executed when the market hits that price.
    • Limit Order with Stop: A limit order that takes place when the price of the stock reaches a specified price can be used to manage risk.

    Converting Small Balances

    Use the “Convert” feature under “Assets” to swap small crypto balances (dust) into BGB, streamlining your portfolio.

    Bitget Wallets Explained

    • Spot Wallet - Holds assets for spot trading and general transactions.
    • Futures Wallet - Dedicated to futures trading; requires transferring funds from the Spot Wallet.
    • Funding Wallet - Used for P2P trading and fiat-related activities.
    • Earn Wallet - Holds assets committed to Bitget Earn products like staking or savings.

    Transferring Between Wallets

    • Go to “Assets” > “Transfer” to move funds between wallets.
    • Internal transfers are instant and incur no fees.

    Withdrawing Funds from Bitget

    Withdrawing Crypto

    • Navigate to “Assets” > “Withdraw” and select the cryptocurrency.
    • Enter the recipient’s wallet address and select the correct network.
    • Confirm with 2FA and review the transaction details.

    Withdrawing Fiat

    In supported regions (e.g., Turkey), withdraw fiat via “Withdraw Fiat” to a bank account.

    Complete KYC and follow the provided instructions.

    Network Fees

    Withdrawal fees depend on the cryptocurrency and network, and are automatically adjusted based on market conditions. Refer to the Fee Schedule.

    Common Withdrawal Errors

    • Incorrect Network: Ensure the network matches the receiving wallet.
    • Address Mistakes: Double-check wallet addresses, as errors may lead to permanent loss.
    • Insufficient Funds: Account for withdrawal fees when initiating transactions.

    Bitget Earn: Making Passive Income

    Staking

    • Flexible Staking: Stake assets like BTC or ETH with withdrawal flexibility.
    • Locked Staking: Commit assets for fixed periods to earn higher yields.

    Simple Earn

    • Low-risk savings plans with dynamic returns, suitable for conservative investors.
    • Stake BGB or other tokens to earn new project tokens at no cost.

    Dual Investment

    • Invest in two assets to earn returns based on market predictions, with principal protection if forecasts are correct.

    Auto-Invest

    • Set up recurring crypto purchases to build wealth over time.

    Advanced Features (Optional for Beginners)

    Futures and Margin Trading

    • Trade USDT-M, USDC-M, or Coin-M futures with up to 125x leverage.
    • Spot margin trading offers up to 10x leverage for select pairs.

    Trading Bots

    AI-powered bots automate trading using grid, signal, or futures strategies.

    API Access

    Developers can create custom trading applications using Bitget’s API.

    Bitget Options

    Trade call/put options for advanced market strategies.

    Bitget Mobile App Overview

    Navigating the App

    The app replicates the web platform’s functionality, with tabs for trading, assets, copy trading, and Earn products.

    Features real-time price alerts, charting tools, and portfolio tracking.

    Key Features

    • Quick Buy, P2P trading, and copy trading are fully supported.
    • Push notifications keep you updated on market movements and order status.

    Pros of App vs. Web

    • Offers mobility for trading anywhere, anytime.
    • Streamlined fiat deposits via mobile payment methods.

    Safety, Security & Support

    Bitget’s Protection Fund

    The Protection Fund and Proof of Reserves ensure 1:1 asset backing, enhancing user trust.

    Securing Your Account

    • Activate 2FA, anti-phishing codes, and strong passwords.
    • Avoid phishing scams by verifying URLs and emails.

    Recognizing Scams

    • Use Bitget’s Help Centre to confirm official channels.
    • Ignore unsolicited messages claiming to be Bitget support.

    Accessing Support

    • 24/7 live chat responds within 2 minutes.
    • Submit tickets via the Help Center or email [email protected].
    • Community forums and Telegram groups provide additional support.

    Pros and Cons of Using Bitget

    Pros

    • Low fees, with further reductions using BGB
    • Beginner-friendly copy trading and educational resources
    • High liquidity across 500+ trading pairs
    • Diverse passive income options via Bitget Earn

    Cons

    • Unavailable in the US and UK
    • Unregulated status may deter some users
    • Fewer altcoins compared to larger exchanges like Binance

    Bitget for Different User Types

    Beginners

    Copy trading and Bitget Academy make crypto accessible.

    Traders

    Futures, margin trading, and bots cater to active strategies.

    Investors

    Bitget Earn offers low-risk staking and savings.

    NFT Enthusiasts

    Limited NFT support; better suited for trading-focused users.

    Developers

    API access supports custom trading solutions.

    Final Thoughts + Useful Resources

    Is Bitget Right for You?

    Bitget is an excellent choice for beginners and traders seeking a balance of simplicity and advanced features. Its copy trading and Earn products are standout offerings, though users in restricted regions or those needing extensive altcoin variety may need alternatives.

    What to Explore Next

    • Try copy trading to learn from professionals.
    • Explore Simple Earn for low-risk returns.

    Frequently Asked Questions (FAQs)

    1. Is Bitget Legal in My Country?

    Bitget operates in over 100 countries but is restricted in the US, UK, and certain jurisdictions. Verify local laws before signing up.

    2. How Long Does Verification Take?

    KYC Level 1 usually completes within hours, though high demand may cause delays.

    3. Why Is My Deposit/Withdrawal Delayed?

    Network congestion or incorrect details (e.g., wrong network) can cause delays. Contact support for resolution.

    4. Can I Recover Funds Sent to the Wrong Address?

    Funds sent to incorrect addresses are typically unrecoverable due to blockchain’s immutable nature. Always verify addresses.

    5. Bitget vs. Other Exchanges?

    Bitget shines in copy trading and derivatives, with lower fees than some competitors. However, it offers fewer altcoins and lacks US/UK support compared to Binance.