Bitget
⭐ Trust Score: 10/10
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ Bitget is an international cryptocurrency exchange founded in 2018. The company's headquarters is located in Singapore, with some structural units registered in the Seychelles. The platform ranks among the top 10 largest centralized exchanges by derivatives trading volume and serves over 120 million users worldwide.
🪙 Trading Products and Instruments
Bitget offers diverse trading and earning formats, making it attractive to different user categories.
Spot Trading
Purchase and sale of 600+ cryptocurrencies on 800+ trading pairs, primarily traded against USDT
Futures Trading
Leverage up to 125x on perpetual contracts (USDT-M, USDC-M, COIN-M)
Passive Income
Multiple earning opportunities without active trading
Earn Service: Staking, fixed-term deposits, and structured products (e.g., Shark Fin) for passive income
Copy Trading: Bitget's signature feature allowing automatic copying of successful traders' deals in spot and futures markets
Trading Bots: Automation of trading strategies for spot and futures
Launchpad & Launchpool: Participation in new crypto project launches and token acquisition
🔐 Security and Support
Security is one of the key elements of the exchange's positioning.
Declared Protection Measures
- Multi-factor authentication and cold storage for majority of user assets
- Protection Fund: Reserve fund exceeding $700 million USD to protect users from potential losses
- Proof-of-Reserves: Regular publication of audit reports confirming full backing of client funds
Regulation
Bitget holds various registrations and licenses, including MSB in the USA, AUSTRAC registration in Australia, and VASP in Poland.
Support
Customer support operates 24/7. Russian language support is available, though some reviews mention inconsistent support quality across regions.
💳 Deposits and Withdrawals
The exchange provides extensive capabilities for working with fiat and cryptocurrency funds.
Verification (KYC)
Mandatory for full platform access, including deposits, P2P trading, and withdrawals
Account Funding
Supports fiat deposits in 140+ currencies via bank cards, transfers, and P2P platform
Withdrawals
Fees vary by specific asset and blockchain network. Bitget also supports internal transfers between platform users
👍 Advantages and Disadvantages
Based on analysis of user reviews and official information, we can identify the platform's strengths and weaknesses.
Advantages
- ✅ Vast selection of trading instruments: spot, futures, copy trading, bots, etc.
- ✅ Competitive trading fees: 0.1% for spot and 0.02%/0.06% (maker/taker) for futures
- ✅ High security level: cold storage, protection fund, and regular reserve audits
- ✅ Convenient and innovative products like copy trading, especially for beginner traders
- ✅ Support for multiple fiat currencies
Disadvantages
- ❌ Limited functionality for users from several countries, including USA and Canada
- ❌ Customer support quality may vary by region
- ❌ KYC procedure mandatory for full exchange functionality access
💡 Tips for Beginners
Security First
Immediately after registration, enable two-factor authentication (2FA) in account security settings
Study the Fees
Carefully review withdrawal fees as they vary significantly by cryptocurrency and blockchain network
Start with Copy Trading
If you're a beginner, use the copy trading feature to learn from successful traders before trading independently
Complete Verification
Finish the KYC procedure to access all platform features and increase limits
🌐 Interface & Accessibility
Interface: Multilingual, including Russian, English, French, German, and other languages.
🌏 Countries with Restricted Access
Bitget prohibits access for residents of the following countries and territories:
Countries under complete ban:
- USA and all its territories (Puerto Rico, Guam, Virgin Islands, etc.)
- Canada (Alberta province)
- Singapore
- Hong Kong
- China
- North Korea
- Cuba
- Iran
- Sudan
- South Sudan
- Syria
- Crimea
- Donetsk
- Luhansk
- Iraq
- Libya
- Yemen
- Afghanistan
- Central African Republic
- Democratic Republic of Congo
- Guinea-Bissau
- Haiti
- Lebanon
- Somalia
Important note: This list is not exhaustive and may include other territories periodically determined by Bitget.
💱 Bitget Reliability Analysis for Arbitrage Operations
Bitget is a sufficiently reliable exchange for cryptocurrency arbitrage. Based on our trading experience, we can present the following facts supporting this:
Important Withdrawal Consideration for Arbitrage
The process of withdrawing assets to another exchange is crucial for cryptocurrency arbitrage. Bitget has one significant drawback in this regard: recently added coins may not be available for withdrawal, and users only discover this after purchasing the assets and initiating withdrawal - meaning only after completing 2FA (via Google Authenticator, SMS, or biometrics). Unfortunately, Bitget doesn't provide advance notification about this on the withdrawal page, and our scanner cannot anticipate this limitation since Bitget's API doesn't provide such data.
Summary
The exchange is reliable enough for conducting arbitrage trades, while it's important to remember certain nuances regarding withdrawal of recently listed cryptocurrencies.