Cryptocurrency trading has evolved rapidly, and platforms like Bitget have emerged as full-featured exchanges catering to both beginners and experienced traders. With a strong focus on innovative tools such as copy trading, Web3 integration, and staking, Bitget aims to deliver a comprehensive digital asset experience. This in-depth review explores Bitget’s offerings, security measures, fee structure, and user experience to help you determine if it’s the right platform for your crypto journey.
What Is Bitget?
Founded in 2018, Bitget has grown into one of the leading cryptocurrency exchanges globally, claiming over 100 million users. The platform was among the first to introduce copy trading, allowing novice investors to mirror the strategies of seasoned traders. Beyond trading, Bitget supports NFTs, Web3 wallets, staking, and educational resources, positioning itself as a one-stop destination for crypto enthusiasts.
Bitget is registered with AUSTRAC, Australia’s financial intelligence agency, which adds a layer of regulatory credibility—though it does not support AUD trading pairs directly, a limitation we’ll explore later.
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Supported Cryptocurrencies and Assets
Bitget supports over 690 cryptocurrencies, making it a diverse exchange for traders seeking exposure to major and emerging digital assets. While the selection is extensive, it notably excludes several top-tier coins by market capitalization.
Popular Cryptocurrencies Available on Bitget
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- BNB (BNB)
- Solana (SOL)
- USDC (USDC)
- Dogecoin (DOGE)
- TRON (TRX)
- Cardano (ADA)
- Chainlink (LINK)
- Avalanche (AVAX)
- Shiba Inu (SHIB)
Despite this broad range, Bitget does not support:
- Tether (USDT)
- LEO Token (LEO)
- USDS (USDS)
This means 17 out of the top 20 cryptocurrencies are available—a solid offering, though the absence of stablecoins like USDT may be a drawback for some users seeking liquidity or hedging options.
Trading and Payment Methods
Bitget offers multiple deposit methods, enhancing accessibility for global users:
- Bank transfer
- Credit card
- Debit card
- Cryptocurrency transfers
- Apple Pay
- Google Pay
The instant buy feature allows users to purchase crypto quickly using fiat via card or digital wallets. However, there are no direct AUD markets—users must first acquire a supported cryptocurrency before trading on the spot market.
Deposit and Withdrawal Fees
| Transaction Type | Fee |
|---|---|
| Deposit funds | None |
| Withdraw funds (crypto) | Varies by cryptocurrency |
| Withdraw funds (AUD) | Not applicable |
There are no deposit fees, which is a plus for cost-conscious traders. Withdrawal fees depend on network congestion and the specific cryptocurrency.
Understanding Bitget’s Fee Structure
Bitget uses a maker-taker pricing model for spot trading:
| Fee Type | Standard Rate |
|---|---|
| Maker | 0.10% |
| Taker | 0.10% |
What Are Maker and Taker Fees?
- Maker Fee: Charged when you place a limit order that doesn’t execute immediately, adding liquidity to the market.
- Taker Fee: Applied when your order matches an existing one instantly, removing liquidity (e.g., market orders).
While these rates are competitive, they don’t decrease significantly with higher trading volumes compared to some rivals. Additionally, instant purchases carry separate fees, typically higher than standard trading fees due to convenience.
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How to Sign Up on Bitget
Creating an account on Bitget is straightforward:
- Register: Use your email, mobile number, or sign in via Apple, Google, or Telegram.
- Verify Identity: Enter a 6-digit code sent via SMS or email.
- Complete KYC: Submit a government-issued ID and complete facial recognition. Verification usually takes about an hour.
Once verified, users gain full access to trading, staking, and withdrawal features.
Is Bitget Safe? Security Measures Explained
Security is a top concern in crypto, and Bitget implements several industry-standard protections:
- Multi-Signature Cold Storage: Most user funds are stored offline, reducing exposure to hacks.
- Proof of Reserves: Bitget provides on-chain verification so users can confirm asset backing.
- Protection Fund: A risk mitigation pool designed to cover potential losses from extreme events.
However, like all centralized exchanges, Bitget carries counterparty risk. If the platform suffers a breach or becomes insolvent, user assets could be at risk despite safeguards.
For maximum security, experts recommend transferring large holdings to self-custodial wallets or hardware wallets, where you control the private keys.
Customer Support and User Experience
Bitget offers reliable customer service through:
- 24/7 live chat
- Email support
Unfortunately, there is no phone support, which may frustrate users needing immediate assistance.
The platform’s interface is intuitive, with clear navigation for trading, staking, and copy trading. Mobile apps (iOS and Android) provide seamless access on the go.
Key Features That Set Bitget Apart
1. Copy Trading
With over 180,000 traders available to follow, Bitget’s copy trading feature empowers beginners to replicate successful strategies automatically. Users can filter traders by performance, risk level, and earnings.
2. Web3 and NFT Integration
The Bitget Wallet supports Web3 applications, enabling users to:
- Buy and sell NFTs
- Interact with decentralized finance (DeFi) protocols
- Manage multiple blockchain assets in one place
This integration bridges centralized exchange functionality with decentralized innovation.
3. Crypto Staking
Bitget allows staking for over 100 cryptocurrencies, including Ethereum (ETH), Solana (SOL), and Cardano (ADA). Users earn passive income by locking assets, contributing to network security.
Frequently Asked Questions (FAQ)
Q: Does Bitget support Australian dollars (AUD)?
A: No, Bitget does not offer direct AUD trading pairs. You’ll need to deposit crypto or use a third-party service to convert AUD before trading.
Q: Is Bitget regulated?
A: Yes, Bitget is registered with AUSTRAC in Australia. However, it operates globally under varying compliance frameworks depending on jurisdiction.
Q: Can I stake my crypto on Bitget?
A: Yes, Bitget supports staking for over 100 cryptocurrencies, offering flexible lock-up periods and competitive yields.
Q: How fast is account verification?
A: Most identity verifications are completed within approximately one hour after submitting required documents.
Q: Are there any deposit fees?
A: No. Bitget does not charge fees for depositing funds via bank transfer, card, or cryptocurrency.
Q: What makes Bitget different from other exchanges?
A: Its early adoption of copy trading, strong Web3 wallet integration, and robust educational resources make Bitget stand out for social and beginner traders.
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Final Thoughts: Who Should Use Bitget?
Bitget is ideal for:
- Traders interested in social/copy trading
- Users exploring NFTs and Web3 dApps
- Investors seeking staking opportunities
- Those comfortable navigating crypto-to-crypto trades without direct fiat on-ramps
While the lack of AUD markets and limited stablecoin support may deter some Australian users, Bitget’s innovative features, solid security framework, and user-friendly design make it a compelling choice in the competitive exchange landscape.
Whether you're just starting out or looking to expand your crypto toolkit, Bitget offers the tools to grow—with the caveat that self-custody remains the gold standard for asset protection.
Always conduct independent research and consider your risk tolerance before investing in cryptocurrency.