About Bitget

Bitget is an exchange platform specializing in crypto trading. Founded in 2018, it has become one of the most widely used platforms in the ecosystem. Since its inception, this exchange has provided users with numerous trading features such as copy trading, futures contracts, leverage, and trading bots.

The platform boasts over 100 million registered users worldwide, processes several billion dollars in daily trading volume, and is considered one of the world’s leading copy trading platforms.

This exchange is renowned and highly appreciated by experienced traders for its low fees, trading options, and referral system.

Bitget also has its own token, BGB. The market capitalization of the token has exceeded $6 billion, placing the cryptocurrency in the top 30. Currently, the BGB price is at $5, representing a 4% increase over one month.

Bitget Services and Features

This is one of the most popular crypto exchanges. Here are the main services and features you’ll find on the platform:

• Spot Trading – Allows you to buy and sell cryptocurrencies while owning the assets.
• Futures Trading – The ability to speculate on future cryptocurrency prices.
• Copy trading – Automatically replicate the trading strategies of experienced professionals.
• Staking – Lock cryptocurrencies to support the network and earn rewards.
• Launchpad – Invest early in promising tokens before their market introduction.
• Insurance Fund – Protect users against potential losses during trading.
• Trading Interface – An intuitive and efficient user experience.
• VIP Program – Offer a premium experience to high-volume traders.
• Mobile App – Trade cryptocurrencies from anywhere.
• Wallet – A wallet offering a complete experience for asset management.

Crypto Trading on Bitget: Leader in Copy-Trading

Bitget offers numerous trading options on its platform, suitable for both beginner and experienced traders. Additionally, it offers more than 500 cryptocurrencies for trading, buying, selling, or staking. This represents double the crypto assets available on the current leader Binance.

You’ll find cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Bittensor (TAO), or even meme coins like WIF and PEPE.

AI cryptos are also available for cryptocurrency trading on this exchange, such as Fetch.ai (FET). Additionally, RWA cryptos like PENDLE or ONDO.

Cryptocurrency Trading

This platform offers numerous trading functions and a very comprehensive trading interface. It’s simple to use, allows you to view a wealth of information, and perform effective technical analysis.

From this interface, you can perform technical analysis using numerous indicators such as supports and resistances as well as trading volume, MAs, RSI, or even Fibonacci.

Copy Trading: Trade Cryptocurrencies Following the Best Traders

Bitget is one of the first exchanges to offer copy-trading for crypto assets on its platform. This is actually what made it so popular in its early days.

Copy trading is a strategy that involves automatically copying the positions of a trader. Through its leaderboard, the platform gives you access to the ranking of the best traders on the platform.

You can follow the performance of Bitget Futures traders, their results, and copy their trades with just a button click. However, it’s important to note that copy trading involves risks and doesn’t necessarily guarantee profits. Past performance is not indicative of future results.

Futures Trading: Bitget’s Strong Point

Bitget offers futures trading (or forward contracts), with leverage of up to 125x.

We remind you that leverage should be used with caution. Leverage can lead to significant losses. We recommend starting trading without leverage and only using leverage if and only if you have some experience in trading and financial markets.

Futures contracts on Bitget are available on several cryptos such as BTC, ETH, SOL, XRP, or DOGE.

How to Open an Account on Bitget?

On Bitget, creating an account takes only a few minutes. However, you should take the time to complete this registration to properly secure your account before you start using it.

Here’s how to create a Bitget account and start trading:

• Go to the official Bitget website
• Enter your email address or phone number
• Choose a complex and secure password
• Read and accept the platform’s terms of use
• Click on “Create Account”
• Verify your user account
• Complete identity verification (KYC)
• Secure your account with two-factor authentication (2FA)
• Make a deposit (bank transfer, credit card, crypto transfer…)
• Buy cryptos and start trading

Additionally, you can also download the Bitget app to easily track your investments from anywhere! In fact, if you feel more comfortable on a smartphone, you can register directly on the Bitget app available on iOS and Android.

Is Bitget Banned in France?

Although accessible in France, Bitget is not a platform registered as a Digital Asset Service Provider (PSAN) with the Financial Markets Authority (AMF). Furthermore, since November 7, 2023, the AMF has placed Bitget on its blacklist. Even though access to Bitget is not technically blocked in France, French users do not benefit from any legal protection in case of problems. It is still possible to use the exchange without specific restrictions.

French users should therefore be aware of this context. It is advised to remain vigilant when considering using this platform.

Bitget Fees

Before choosing a trading platform, it’s important to analyze the fees it displays. In trading, fees can quickly impact our performance.

On Bitget, there are no deposit or withdrawal fees in fiat currency. However, for cryptocurrency withdrawals to an external wallet, it will be necessary to pay transaction fees specific to the blockchain. The platform charges no deposit and withdrawal fees, which is a significant advantage.

Regarding trading fees, there are two types to consider:

• Maker Fees: These fees apply to users who use a market buy order to purchase a cryptocurrency immediately. With this order, the user doesn’t wait for a target price to buy their cryptocurrency.
• Taker Fees: They apply to users who use a limit order to buy a specific cryptocurrency at a specific price. Using this type of order, when the price of the cryptocurrency reaches the price indicated in the order, it is automatically executed.

Here’s what to expect in terms of fees and interest rates for a VIP 0 account:

In Spot trading, on the main digital assets, Maker and Taker fees are identical, at 0.1%.

However, on futures contracts, trading fees are higher:

• Maker fee equals 0.02%
• Taker fee equals 0.06%

Spot Fees	Maker: 0.1%	Taker: 0.1%
Futures Fees	Maker: 0.02%	Taker: 0.06%
Margin Interest Rate	Daily interest rate: 0.003008%	Annual interest rate: 1.097920%

By holding a VIP account, you can benefit from significant reductions on the fees you pay when trading on Bitget. To do this, you must maintain a certain spot trading volume over the last 30 days and have a minimum active balance in USDT.

This VIP offer is very attractive when you actively use Bitget and have significant capital.

Deposits and Withdrawals on Bitget

Bitget offers a variety of methods to make deposits and withdrawals on its platform. This allows it to meet the diverse needs of its many users. Here are the different options for depositing funds on Bitget:

• Credit or debit card – This allows instant transactions for direct purchase of cryptocurrencies.
• P2P Trading – A method that facilitates buying cryptos from other users.
• Bank transfers – Transfer funds from your bank account to your Bitget account in euros.

Regarding withdrawals, Bitget also supports several methods:

• Bank transfers (SEPA) – Transfer funds directly to a bank account.
• On-chain withdrawals – Withdraw cryptocurrency to external wallets.

It’s important to keep in mind that fees, transaction limits, and processing times can vary greatly depending on the method chosen, whether for a deposit or withdrawal.

Advantages and Disadvantages of Bitget

Even though this platform displays many strengths, it still has some disadvantages that we will present to you in the rest of this article:

Advantages

• Proof of reserves with a 1:1 ratio: To guarantee the proper holding of user funds, Bitget guarantees at least a 1:1 reserve ratio for client funds. Simply put, when a user holds €10 in their wallet, the platform also holds €10 in its personal account. This covers user withdrawals.
• A wide variety of cryptocurrencies: Bitget allows trading on more than 500 different cryptocurrencies. This provides numerous possibilities for the most active traders. You can find popular cryptocurrencies like Bitcoin, Ethereum, or Solana as well as new, lesser-known digital assets like BIBO, SHIDO, or DEGEN.

Trading

• Trading: on this platform, you can do spot trading and bet on the rise or fall of the cryptocurrency price of your choice.
• Copy trading: Bitget has managed to stand out from the competition by offering features like copy trading. This feature allows you to follow the best traders on the platform, take the same positions as them, and achieve the same performance. The platform has 190,000 experts, 800,000 subscribers, and more than 530 million in profits made in copied trading.

Customer Support

• Customer service: customer service is available 24/7. Support is available in multiple languages and is very responsive.
• Ease of use: one of the most important characteristics of Bitget is that the platform and trading interface are easy to use and accessible to the most beginner traders. This makes the platform open to the greatest number.

Disadvantages

Bitget is accessible in many countries and is becoming increasingly popular. However, cryptocurrency exchange is not recommended for French residents. The platform is not registered as a Digital Asset Service Provider (PSAN).

Bitget remains accessible for account opening in Belgium, Switzerland, Canada, Luxembourg, etc.

Comparison: Bitget vs. Other Platforms

Compared to its competing platforms, Bitget has quickly gained popularity in recent years thanks to its innovative features. However, each platform offers distinct services, particularly giants like Binance, Coinbase, or Bybit.

Features	Bitget	Binance	Coinbase	Bybit
Futures Trading	Yes	Yes	No	Yes
Margin Trading	Yes	Yes	No	Yes
Copy trading	Yes	No	No	No
Farming	No	Yes	No	No
Staking	Yes	Yes	Yes	No
Transaction fees	Competitive	Competitive	Rather high	Competitive
Regulation	Not regulated in France	PSAN approved in France	PSAN approved in France	Not regulated in France
Number of cryptos	More than 500	More than 600	More than 50	More than 100

Bitget thus offers very attractive features such as copy trading, but other platforms also have their own advantages. The choice of platform therefore always depends on the specific needs of each user.

User Reviews of Bitget

User reviews of Bitget are generally positive. Here’s a summary of the app ratings:

• Google Play: 4.5/5 for more than 192,000 reviews and comments
• Apple Store: 4.6/5 for more than 2,300 reviews and comments

Many users appreciate Bitget for its interface, especially after the update at the beginning of the year:

“I really like Bitget. […] The latest update makes the interface clean, smooth, and very practical for beginners and more advanced users.”

However, some deplore the chatbot’s ability to handle individual problems.

“Better not have any issues, the bot doesn’t understand absolutely anything about anything”

Bitget is one of the cryptocurrency exchanges appreciated by crypto investors and traders. Its application is simple and pleasant to use. It offers various crypto trading services, a strong point of the exchange.

Our General Opinion on Bitget in 2024

Our opinion on Bitget, the platform specializing in cryptocurrency trading, is positive. This platform has the essential features for experienced traders and has the particularity of making futures accessible.

Trading fees are relatively low and can become even lower by joining the VIP program. Bitget allows the use of leverage, participation in launchpads, or following the best traders on the platform by doing mirror trading.

However, the platform’s customer service is a point to review. Others before us have expressed concerns about this. It can sometimes be difficult to contact support despite its “24/7 availability”. Late and irrelevant responses can also cause problems.

In any case, Bitget offers an optimal trading experience for all traders, whether beginners or more experienced. You can now start your registration if the platform interests you!