It is important to take a thorough look at the details and features discussed in this Bitget review to make an informed decision if you are considering the exchange.
To ensure a positive experience in the world of crypto, it is recommended that you patiently explore the services and features of the platform before diving in. This is generally a good practice and can keep you safe from going from unsuitable and unsafe crypto platforms.
If you are interested in using Bitget, a helpful resource in this process is the brief Bitget exchange review that covers all the major attributes and aspects of the exchange.
Here are some details you should know.
Bitget Review – Introduction of the Exchange
Bitget exchange, established in 2018 by Sandra Lou, has made a name for itself in the crypto industry with over 8 million registered users and an impressive daily trading volume of $10 billion. It offers more than 400 digital currencies and a diverse range of trading pairs, making it an excellent choice for both novice and seasoned traders.
Moreover, Bitget is known for its top-notch copy trading feature, which has earned it a reputation as one of the best trading platforms in the market.
The exchange is also licensed in 5 different countries and is among the top 5 platforms for derivatives volume.
User Experience of the Exchange
The Bitget review discussed earlier highlights the fact that this platform caters to both beginners and experts in the crypto trading industry. Its user interface is designed to be user-friendly and devoid of any complicated procedures that might be overwhelming for beginners.
Additionally, the sign-up process is straightforward and easy to navigate. Furthermore, it supports both mobile and web applications, allowing traders to access their accounts from anywhere in the world and at any time.
Cryptocurrencies Available
In addition to its other features, Bitget is renowned for supporting a wide range of digital assets. In fact, it offers support for more than 400 digital currencies, making it a versatile and diverse platform for traders to explore.
The crypto assets supported by the platform and mentioned in this Bitget exchange review are:
- Tron (TRX)
- Ripple (XRP)
- Polygon Matic (MATIC)
- Litecoin (LTC)
- Ethereum (ETH)
- EOS (EOS)
- Chainlink (LINK)
- Bitcoin (BTC)
Availability of Copy Trading
Copy trading is an important feature discussed in this Bitget review. It is a highly useful feature for new traders who want to simplify their crypto trading experience. Essentially, this feature allows novice traders to replicate the trades of more experienced traders, with their own trades automatically mirroring those of the expert.
By doing this, new traders can avoid some of the common pitfalls and mistakes that are common when starting out. Furthermore, the traders being copied will receive 8% of any profits made by those who follow them.
If you use Bitget for copy trading, you simply need to follow the steps below:
- Choose the trading pair you want to copy
- Choose fixed ratio or fixed account
- Choose the leverage type
- Set the leverage
- Choose isolated or cross mode
- Review the copy trade data
- Make necessary edits (if any)
- Close the position
What are Some Security Systems Used by Bitget?
As mentioned earlier in this Bitget review, one of the notable aspects of the platform is its licensing, which indicates its legitimacy and adds to its overall value. Furthermore, the exchange takes user security very seriously and employs advanced security measures to safeguard user funds and privacy against potential threats and vulnerabilities. With these high-end security protocols in place, users can trade with confidence and peace of mind on the Bitget exchange.
Some of the security systems used by the exchange include:
- Two-factor authentication (2FA) system
- 12 A+ ratings from SSL Labs
- Cold wallets
- Hot wallets
The platform provides its users with an additional layer of security through a protection fund worth $300 million. Furthermore, it utilizes the Merkle Tree Proof of Reserves (PoR) to verify that it holds the assets of its users in reserve, which adds to the platform’s legitimacy and trustworthiness.
How Much Fee Do Users Have to Pay?
The fee structure is a critical factor that users consider when selecting a cryptocurrency exchange, and Bitget is a reliable and efficient option for trading digital assets. The exchange implements a tiered fee system , as discussed in this Bitget review, that rewards users with lower fees based on their trading volume, offering a competitive fee structure that benefits both traders and investors.
For instance, users who trade less than 100,000 USDT per month pay a maker fee of 0.15% and a taker fee of 0.20%, while those trading over 100 million USDT per month pay a maker fee of 0.045% and a taker fee of 0.065%. Moreover, Bitget has a zero-fee policy for deposits and withdrawals, which adds to its appeal for cost-conscious users.
