Bitget Exchange review: features, products, bonuses
Bitget is a rapidly developing centralized cryptocurrency exchange. It was established in 2018. It is registered in Singapore. The CEO is Sandra Lu, information about the owners of the exchange is closed.
Features of the crypto exchange
The main difference between Bitget and similar platforms is the availability of the function of copying transactions of selected traders (with their consent). It can be useful for beginners who find it difficult to navigate a large amount of information. To influence the copying process, you can set up a stop loss (fixing the transaction when a certain price is reached, a tool to minimize possible losses), as well as the time of entry and exit from the transaction.
With a successful choice of a trader whose transactions are copied, beginners without experience in transactions can earn income. However, it should be borne in mind that exchange trading is a high-risk and highly volatile financial instrument. Even the most successful trader cannot guarantee success.
Crypto assets are managed using a single USDT account. Working with the platform is available both from a PC and from a mobile device.
BGB Token
Own exchange token. BGB entitles you to receive a discount on commissions. Also, its holders can receive remuneration for their activity on the exchange. With the help of the token, the ecosystem of the exchange is currently being built using Web 3 technology.
You can manage assets using a convenient mobile application.
Registration and verification on Bitget
The registration process is standard, by phone number or email address.
Verification is not mandatory, but traders who have not confirmed their identity will have restrictions on the amount of funds withdrawn and some functions of the exchange.
Verification requires a passport or driver’s license, a selfie with a document, a bank card statement. Exchange administrators may also require other documents. Potential clients should give guarantees that they are not included in any sanctions lists.
Login to the personal account is carried out by password or QR code. For security, it is recommended to set up two-factor identification. Emails from the exchange are protected by an anti-phishing code.
Account replenishment, withdrawal of funds and limits
Verified users can exchange fiat money for cryptocurrency. To do this, you need to have a confirmed account on the exchange.
You can top up your balance without commission. It is convenient to withdraw the crypt to a cryptocurrency wallet. The amount of the commission depends on the cryptocurrency involved in the transaction.
The limit on Bitget for unverified users is the withdrawal of no more than 20 bitcoins per day. Verified users can output 10 times more.
Exchange products for traders
The copy trading function is one of the most popular products of the Bitget exchange.
Technical analysis tools available to users. The information is presented in the form of intuitive graphs on the terminal.
The exchange has implemented the concept of QuantoSwop contracts, support for one or more types of cryptocurrencies as margin for cryptocurrency transactions. For example, a user trades Ethereum, and uses bitcoin as a means for margin. In this case, you can profit both from the growth of the value of Ethereum and from the growth of the value of bitcoin.
Bitget Bonuses
There is a bonus program on the crypto exchange. Bonuses cannot be cashed out, but they can be used to pay for exchange services.
Up to $ 4,000 can be credited to the account for registering on the exchange and completing tasks. You can immediately get a bonus for the first deposit to your account, but no more than $ 4,000.
Users are awarded bonuses for futures trading, spot trading and Copy trading.
Bitget exchange is a convenient and rapidly developing ecosystem for trading. He is one of the sponsors of the Juventus football club. The site is popular, there are very few negative reviews about Bitget. Users like the function of copying transactions. But it should be understood that any transactions on cryptocurrency exchanges are high-risk transactions.
Published: 16 October, 2022
