This Bitget Crypto exchange review covers everything you need to know about rapidly growing crypto derivatives exchanges, Bitget.
With its huge partnerships and a daily average futures volume that has been ranked in the CoinGecko top five in March of 2022, the Bitget website values Bitget at $1 billion.
So is Bitget crypto exchange legit? Keep reading this comprehensive review to see all the unique features of the Bitget exchange.
What is Bitget?
Bitget is a leading world crypto exchange that focuses on social trading. It is located in Singapore and offers a variety of crypto coins and tokens that can be traded through futures or the spot market, with low trading fees.
With its supervisory licenses, Bitget has become a credible exchange in Canada, US, and Australia. It is available for both mobile and desktop devices with an easy sign-up process. Its users get free copy trading with great incitement for the pro traders that lets others heed their strategies.
Cryptocurrency is used exclusively at the exchange. This includes Bitcoin, Litecoin, Ethereum, USDT, and others. Every trade takes place within the crypto exchange’s official website and mobile device application. Bitget also has lower fees compared to its competitors in the market, with 0.02% maker fees and 0.06% takers. Every BitGet client gets paid a commission with bonus funds after they register, verify, and set up a trading account.
No fees are required for maintaining a BitGet account, but you will be charged a commission when you want to withdraw. The withdrawal fee depends on the cryptocurrency the withdrawal is made of. If you are an investor, BitGet has its service for trade copying, and it is available as an affiliate program.
No educational materials are available on the website, so new traders will have to use demo accounts to sharpen their trading skills. BitGet cryptocurrency exchange offers international services and teams up with traders from several countries.
Bitget may be a good option If you are looking for an exchange with many small market coins or lets you copy trade. Currently, there are over 2 million BitGet registered users worldwide and a $5.6 billion 24-hour transaction volume has been achieved.
In January 2022, Bitget ranked #3 worldwide based on the daily future trading average in terms of volume because of its flagship product, Coin-Margin futures, which reached a trading all-time high volume of $7.82 billion.
Though the Bitget platform offers low fees to clients for both derivatives and spot trading, the main goal is trading with derivatives. A derivative is a tool based on the financial asset liquidation price such as a stock or bond. Bitget exchange was given licenses from Canada, the USA, Australia, and Singapore; meaning that traders of these countries can conduct trade legally.
How many coins are listed on Bitget?
Currently, 299 coins are listed in BitGet and there are 357 trading pairs on the exchange. In the last 24 hours, there has been a 0.98% change and the 24h volume is said to be at $447,425,185.75.
Bitget Crypto Exchange Review
Bitget provides derivatives, spot trading, and copy trading. Customers have many options to choose from based on what they want.
Bitget Futures trading utilizes endless future contracts, which are quality contracts for difference and are a famous derivative tool in crypto trading.
Leverage enables you to invest more than you have in your bank account. For USDT/BTC trading pairs, Bitget offers a 125x leverage, meaning that the user can create a position up to 100 times the money they deposit. So, even the slightest shift against their Bitget account will close down the position, and the user will find it difficult to access their funds.
BitGet has the lowest trading fees and supports many coins and tokens. No fees are charged if you want to buy cryptocurrency. There’s a 0.10% maker fee and a 0.10% taker fee. 24/7 customer support is available.
Is BitGet Exchange Legit?
YES. BitGet exchange is legit. BitGet has supervisory licenses in Canada, US, and Australia, and this makes it a legit exchange. The domain name was created about two decades ago and the website comes with a fully valid HTTPS connection, which means that all information and traffic between the users and the website is encrypted.
Additionally, Bitget has significant traffic which makes it one of the most well-known crypto exchanges, which is more reason for you to be convinced that the exchange is legit.
Even Google Safe Browsing list Bitget as a safe website. On the exchange, there are lots of experienced traders who are satisfied with BitGet and there is a lot of positive feedback from followers about the platform.
How to trade on BitGet
Register for a Bitget account with your mail address or phone number
To register a new account on Bitget, you first need to download the Bitget app or go to the Bitget website on a mobile or desktop device. Bitget can be accessed anytime, and anywhere through multiple platforms, including Android and iOS, browser-based websites, and even via desktop applications for Windows and Mac.
Go to the BitGet homepage on the Bitget website or app, and from there you can go to the sign-up page to create a Bitget account.
Verify your Identity
All users on Bitget must complete the Identity Verification or Know Your Customer (KYC) standards. These standards are set in place to protect BitGet against financing risks and fraud. When you complete the KYC process, you get access to all Bitget services and products.
The verification process on Bitget is simple. To finish this process, sign in to your account, click on ‘Account Information, and fill out the form with your first name, nationality, last name, and pictures of a government-issued ID.
Deposit into your Bitget account
There are two ways to fund your BitGet account: (1) Purchase crypto with fiat currencies, or (2) fund your Bitget wallet Deposit crypto from another cryptocurrency wallet.
Make sure you have completed your identity verification first before your buy/deposit/withdraw crypto. You won’t be charged any fees for any crypto deposit you make on Bitget
Select the right protocol (TRC20, ERC20, BEP20, BEP2, etc.) on the exchange which you are withdrawing your crypto from. The protocol should work for your Bitget wallet address. If you choose the wrong protocol, you may end up losing your assets so you have to be careful.
Trade
In Bitget, you find many clever offers from different types of trading products all having a straightforward interface that any novice can even trade with ease.
Futures Trading & Spot Trading (USDT-Margin & Coin-Margin)
On the Bitget homepage, go to ‘Markets’, and choose between ‘Futures’ and ‘Spot’.
Here’s a Vidoe tutorial on Bitget Trading
Video Credit: Crypto Costa
Bitget’s One-Click Copy Trade
On Bitget homepage, go to ‘CopyTrade’
Spot Trading
This is when you buy and sell an asset for instant delivery at the current market price i.e. the fast transfer of asset ownership.
Futures Trading
A futures contract is an agreement between two parties to transact an asset at a specific future time, at an agreed price. Traders can improve their capital allocation with the introduction of leverage, margin, portfolio risks, and easy exit turbulence.
The main difference between Futures trading and Spot trading is asset ownership. Spot traders obtain the actual asset ownership when the transactions are over, but futures contracts can only be settled with cash only, i.e. completed with the transfer of involved cash.
Another thing that differentiates spot trading from futures trading is the absence of minimum equity demands. Some futures contracts may need a lower investment bound for every single contract.
Futures trading products on Bitget endeavor to create an all-in product design that will enable every user to discover their own solution: for cautious traders; Bitget USDT Futures while for crypto-geeks; Bitget Coin futures.
How to do Future Trading on Bitget
1. Select the desired trading pair.
Go to the ‘Futures and Coin-(M) Futures’ trading page. Select the trading pair you want. Click on Sell short o Buy long to access the detail order page.
2. Transfer funds to your Futures account
Click on the three dots icon, and go to the Transfer page to send your funds to your Futures account from your Spot account.
Input the number of funds and tap on Confirm transfer to finish it. No fee is charged for internal transfers.
3. Open position or Close position
Tap on Cross to toggle between Isolated or Cross Margin Mode.
Press Margin BTC to set your margin.
Tap Limit Order to select an order type between the Trigger Order or limit Order, or you just press the $ icon shown in the price box to change to the Market Order.
Toggle the leverage, and enter the quantity and price you want to place an order for. Choose ‘Take Profit’ and ‘Stop Loss’
prices by pressing the TP/SL box.
Before you submit, check the details of your order and click on Buy long or Sell short to submit. After you’ve placed your position, you can tap the ‘All’ icon to review all orders. You can also choose to also decide to ‘Close all’ orders or ‘Cancel your order.
Copy Trading
This is a type of trading whereby investors copy other investors’ trading processes instantly and automatically.
How to do Copy Trading on BitGet
If you are a trader, go to the ‘CopyTrade’ homepage. Sign up to start trading as a professional Bitget trader. Go to ‘Become a Trader
page’, submit your application, and the Bitget team will contact you after some time
Where to buy BitGet Token (step-by-step guide)
BitGet Token has been listed on the BitGet crypto exchange. However, it cannot be directly bought with fiat money. BitGet token coins can be bought by first buying major cryptocurrencies, from any fiat-to-crypto exchange and then transfer to the BitGet exchange.
To easily buy Bitget tokens, you have to first buy Ethereum and transfer it to the Bitget crypto exchange where you can trade this token.
How to buy BitGet token
1. Download a Crypto Wallet
Within the Ethereum network, there are many crypto wallets to choose from and Metamask seems to be the most integrated. On a desktop computer, you can download the wallet Chrome extension to your Google Chrome. On your mobile device, download the wallet via iOS App Store or Google Play.
When downloading the extension for your desktop computer, make sure you are downloading the official Chrome extension through Metamask’s website.
2. Register on your Metamask
Sign up and log in to your crypto wallet through the wallet’s Google Chrome extension or through the mobile app you downloaded. For more reference, go to the wallet’s support page. Ensure your seed phrase is kept safe, and don’t forget your wallet address.
3. Buy Ethereum
After setting up your wallet, log in to your Binance account and go to the Buy & Sell crypto page to buy Ethereum.
4. Transfer Ethereum From Binance to Your Crypto Wallet
After buying your Ethereum, go to your Binance wallet and look for the Ethereum you bought. Tap withdraw and enter the required information. Let the network to Ethereum, and enter your wallet address and the amount of Ethereum you want to send. Tap the withdraw button and your Ethereum will appear in your Metamask after some minutes.
5. Select a Decentralized Exchange (DEX)
There are various DEXs exchanges you can choose from; all you have to do is ensure that the selected wallet (in Step 2) is supported by the exchange. For example, Metamask wallet users can reach to 1inch before making the transaction.
6. Connect Your Metamask Wallet
Use the address you selected (in Step 2) to connect your Metamask wallet and the DEX exchange you want to use.
7. Trade Your Ethereum With BitGet Token
Choose Ethereum as your payment option and choose the Bitget Token as the coin you want to buy.
8. Swap
Finally, click on the ‘swap’ option after you are done with all the previous steps. And that’s how to buy BitGet tokens.
BitGet Token Price
The current BitGet token price today is 0.1673503 per (BGB / USD) with a 24-hour trading volume of $ 4.83M USD and a current market cap of USD 0. Recently, the Bitget token is down 6.-1.78% in the last 24 hours as of the time of writing. There is no available circulating supply.
BitGet Token Contract Address
The BitGet token contract address is 0x19de6b897ed14a376dda0fe53a5420d2ac828a28.
How much is BitGet worth?
Bitget Token is worth $0.1689 as of writing this post.
How do I get Bitget Crypto?
To purchase Bitgert crypto, it cannot be directly bought with fiat money. You must first buy a major cryptocurrency from any fiat-to-crypto exchanges, create a crypto wallet that supports Bitgert, and use the cryptocurrency you bought to transfer to the Bitgert exchange where you can buy Bitget crypto.
Bitget Token Price Prediction 2022-2025
Bitget Token Price Prediction 2022
Based on our in-depth technical analysis of the past price of Bitget tokens, the price of Bitget Token is predicted to reach a minimum degree of $0.19 in 2022. It is still expected to attain a maximum level of $0.21 with a $0.20 average trading price of 0.
Bitget Token Price Prediction 2023
In 2023, Bitget’s token price is predicted to reach a $0.28 minimum. The token price can also reach a maximum degree of $0.32 while the average price will remain at $0.29 throughout 2023.
Bitget Token Price Prediction for 2024-2025
In 2024, the Bitget Token price is predicted to get to a minimum degree of $0.41. The price can get to a maximum degree of $0.49 with a $0.42 average trading price.
In 2025, 1 Bitget Token price is predicted to reach a minimum degree of $0.59 and a maximum degree of $0.71 with the average price remaining at $0.61 throughout 2025.
Bitget Copy trading; things you need to know and how to get started
Bitget copy trading is a type of trading whereby investors copy other investors’ trading processes instantly and automatically. It is short-term trading, mostly for swing trading and day trading strategies. So, copy trading can apply to the Foreign and Crypto Exchange Market.
You get to choose the amount to invest, and the traders to pick, and when an order is placed by the master trader, your account does the same.
Copy trading works for both novice investors and experienced traders that don’t have the time to always buy and sell assets.
If you are a trader, go to the ‘CopyTrade’ homepage. Sign up to start trading as a professional Bitget trader. Go to ‘Become a Trader
your page’, submit your application and the Bitget team will contact you after some time
FAQs – Bitget Crypto Exchange Review: is bitget crypto exchange legit?
Does Bitget have an app?
YES. BitGet has an app. You can download it from the iOS Apple Store for Apple devices and the Google play store for Android devices.
How big is Bitget?
Bitget is a leading world crypto exchange that offers a variety of crypto coins and tokens that can be traded through futures or the spot market, with low trading fees. Currently, there are over 2 million BitGet registered users worldwide and a $5.6 billion 24-hour transaction volume has been achieved.
Is Bitget a good exchange?
YES. With its supervisory licenses, Bitget has become a credible exchange in Canada, US, and Australia.
Conclusion
Bitget is a leading world crypto exchange located in Singapore. As a BitGet user, you get free copy trading with a great incentive if you are a pro trader and others will heed your strategies.
Every trade takes place within Bitget exchange’s official website and mobile device application. Cryptocurrencies used exclusively at the exchange include Bitcoin, Litecoin, Ethereum, USDT, and others.
Bitget Token is worth $0.1689. You can only buy Bitget tokens from the Bitget exchange. You have to first buy Ethereum and transfer it to the Bitget crypto exchange where you can trade this token.