Bitget

What is the cryptocurrency exchange Bitget?

Bitget is a global cryptocurrency exchange founded in 2018, offering spot trading, futures trading, P2P trading, copy trading, and trading bots. The exchange supports over 60 cryptocurrencies and provides user-friendly tools for traders of all levels. It is known for high liquidity, multifunctionality, and reliability.

Cryptocurrency exchange Bitget operates in more than 150 countries worldwide. Bitget supports over 140 fiat currencies and continues to expand its presence in international markets by obtaining licenses in various countries.

There are also regions with restricted or prohibited access to Bitget. These include the United States, Canada (Ontario, Alberta), Crimea, Cuba, Hong Kong, Iran, North Korea, Singapore, Sudan, Syria, Afghanistan, Yemen, Central African Republic, Democratic Republic of the Congo, Guinea-Bissau, Haiti, Iraq, Lebanon, Libya, Netherlands, Puerto Rico, Somalia, South Sudan. This is due to local laws and regulations regarding cryptocurrency activities.

Who owns Bitget and where is its headquarters?

Bitget is operated by Singapore Bitget Pte. Ltd., registered in the Seychelles with headquarters in Singapore. The CEO is Rachel Austin. Bitget holds licenses in several countries including Canada, the USA, and Australia. It has major partnerships, including with Juventus football club and Lionel Messi.

Advantages and disadvantages of Bitget

Advantages:

• Wide range of cryptocurrencies and trading pairs (over 183 pairs)
• Trading bots and copy trading for automated strategies
• Low fees: 0% deposit fees, trading fees up to 0.1%
• Multilingual interface and mobile apps for Android and iOS

Disadvantages:

• Verification can take up to 60 days
• Some advanced features may be complex for beginners
• Limited fiat deposit/withdrawal options for some regions

Features of Bitget

Bitget provides:

• spot trading, 
• margin trading with leverage up to 125x, 
• perpetual futures contracts, 
• P2P trading with escrow, 
• copy trading, 
• trading bots (grid bots, DCA bots), 
• staking with up to 20% annual yield, 
• its own token BGB with benefits and discounts.

The BGB token (Bitget Token)

The BGB token (Bitget Token) is the utility token of the Bitget cryptocurrency exchange, launched in July 2021. It is an ERC-20 token built on the Ethereum blockchain, compatible with most Ethereum-based wallets. BGB serves multiple purposes within the Bitget ecosystem: it reduces trading fees, participates in staking, encourages social trading and copy trading, and grants access to exclusive promotions and the launchpad. Token holders can receive rewards and bonuses, as well as enjoy additional benefits including priority access to new projects and free token distributions. The market capitalization of BGB exceeds $5 billion, with daily trading volumes over $250 million. The token is actively used to optimize trading operations and financial products on the Bitget platform.

Step-by-step registration on Bitget

• Go to the official Bitget website.
• Click “Sign Up” or “Register.”
• Choose registration by email or phone.
• Enter your email or phone number, create a password.
• Confirm your email or phone with a verification code.
• Complete account creation and log in.

Verification

KYC verification involves three steps: uploading a government ID (passport, ID card, or driver’s license), uploading a 360° selfie video, and waiting for approval. Verification usually takes 1 day, but can take up to 60 business days. Verification is required for full platform access and higher withdrawal limits.

Deposits and withdrawals

The platform supports cryptocurrency and fiat deposits and withdrawals where available. Crypto deposits have no fees. Withdrawals vary depending on the coin and network fees, with minimum limits. Fiat funding methods depend on region.

Deposit and withdrawal fees

Cryptocurrency deposits: 0% fee

Withdrawals: fees depend on the cryptocurrency and network (e.g., BTC minimum withdrawal 0.001 BTC, fee 0.00025 BTC)

Fiat fees vary by payment method and country

How does P2P work?

P2P trading allows users to buy and sell crypto directly with each other. Bitget acts as escrow, holding funds until the transaction is confirmed by both parties. Multiple payment methods and local currencies, including rubles, are supported, making P2P convenient and safe.

Staking

Bitget Earn offers staking products with flexible and fixed terms, providing yields up to 20% APR on cryptocurrencies and the BGB token. Rewards are paid regularly.

Trading fees

Spot trading: up to 0.1% per trade

Futures trading: 0.02% to 0.06% depending on order type and VIP level

Using the BGB token reduces trading fees