Bitget Exchange: Commissions, copy trading, reviews
Cryptocurrency exchange Bitget is storming the Polish market. The platform has been available in Polish for over half a year, and has also managed to develop a strong community in our local backyard. But what is Bitget and how does it compare to the competition? What are the fees and commissions on this exchange? Is Bitget copy trading a good solution? What are the opinions about this platform and is it safe? We will answer these and other questions in the following article. We will also explain how to set up an account on Bitget and make your first deposit. So, let’s get started!
Bitget exchange – basic information
Bitget is a cryptocurrency exchange based in Singapore. It was founded in 2018 by Sandra Lou. Currently, it is the 13th largest cryptocurrency exchange in terms of trading volume. Its results, however, quickly climb up due to the huge set of features and tools it offers, including copy trading and a large number of projects in Launchpad, futures it trading.
Bitget supports over 100 different cryptocurrencies and 200+ trading pairs. It also has two different interfaces: basic and advanced. This exchange is also available as an application for smartphones, both Android and iOS.
Bitget – How to create an account? Registration
Signing up for Bitget is a simple process that is no different than setting up an account on any other platform. To set up an account, just follow a few simple steps.
Step 1: Go to www.bitget.com/pl and click in the upper right corner “Register”
Step 2: We provide our email or phone number, set a password and accept the terms of use. We click “Create an account”
Step 3: We fill in the CAPTCHA code, and then confirm the email or number. phone by entering the appropriate code.
Step 4: Bitget is a cryptocurrency exchange without verification, which means you can buy bitcoin anonymously without verification. Nevertheless, it is quite a complicated process and it is much easier and faster to do it, for example, with a credit card. Then, however, you need to confirm your identity by sending a photo of the document to Bitget and taking a selfie. You can do this by going to your profile and clicking the button “Verify”.
First deposit
Now that you have an account, it’s time to make your first deposit. You can deposit both cryptocurrencies and fiat currencies (after passing verification). To do this, follow these steps:
Step 1: Hover over the wallet icon in the top right menu, then select the deposit icon.
Step 2: Select the cryptocurrency you want to deposit and the appropriate network. Then transfer the assets from your wallet to the address (or QR code) provided. You can also decide which Bitget wallet your deposit should go to.
Step 3: If you want to deposit fiat currencies, click here “Deposit fiat” to the right. The process is very simple, just follow the on-screen instructions. You can choose to pay by card, P2P trade (over 70 payment methods) or bank transfer (so far you can’t buy crypto for PLN). by SEPA.
Trading on Bitget – fees, commissions, limits
To start trading on Bitget, just click a button “Spotin the top menu. This exchange allows you to set many different types of orders, including limit and market orders.
Bitget has no deposit limits, but there are limits and a fee for withdrawing funds from the platform. New and unverified accounts have a daily withdrawal limit of 20 BTC. Verified Bitget accounts can withdraw up to 200 BTC each day. Withdrawal commissions vary depending on the chosen method or in the case of blockchain cryptocurrencies.
When it comes to spot fees, Bitget stands out a lot. The platform charges a flat fee of 0.1% for both take,=r and maker. Holders of its native BGB token can count on an additional 20% discount on commissions, making them 0.08%. Such a percentage can be compared to the largest exchanges in the world, such as Binance, Bybit or KuCoin. The fee for the futures market is 0.02% maker and 0.06% taker.
Bitget Copy Trading
A feature of Bitget that may be of particular interest to investors is copy trading. The platform allows users to copy expert strategies and mirror their moves – all for free.
With this feature, beginners can trade using proven strategies and potentially earn more money. Professional traders, on the other hand, get incentives for sharing their trades. They can earn up to 8% of their followers’ profits.
Launchpool
Like Binance, Bitget has a cryptocurrency launchpool that gives investors early access to new projects or Initial Coin Offerings (ICOs).
Launchpools are lucrative because they allow investors to make huge profits from buying a new coin early on and selling it when the price rises.
BGB token
Bitget has its own BGB token that investors can use to trade on the exchange. Users who own the token enjoy a 20% discount on trading fees, they also receive a 15% discount on futures trading.
The BGB token also allows you to earn passive income on cryptocurrencies. Investors who hold, stake or trade the BGB token receive free cryptocurrency as a reward. This is a good incentive to hold tokens for rewards, similar to Binance Coin (BNB) within the Binance ecosystem.
Bitget reviews and security
Bitget provides a high standard of security regarding the security of digital assets. The exchange has never been hacked so far. The platform uses industry-leading security best practices such as two-factor authentication (2FA), address whitelisting, and anti-phishing code.
It also claims to support up to 12 SSL metrics from four security vendors. In addition, Bitget has an insurance fund called the Protection Fund, which reserves up to $200 million in emergency funds in case of hacking and theft of funds.
Bitget has a sizeable market share, but is not the largest cryptocurrency exchange in terms of trading volume. According to CoinMarketCap, it ranks 13th among all such platforms
So what are the opinions about Bitget? People seem to have a positive opinion about this exchange. This is evidenced by the reviews on Google and the Apple Store, as well as the fact that it is currently the 13th largest exchange in the world in terms of volume. What’s more, Bitget supports a large number of smaller altcoins, has a number of unique features and highly competitive fees and commissions.
Bitget FAQ
Yes, the Bitget exchange is safe. It has never been hacked and has top-notch security.
Bitget collects almost only positive opinions. All due to the fact that it has a lot of functions. The trust of users is evidenced by the fact that it is already the 13th largest cryptocurrency trading platform in the world
