Bitget Review: Scam Or Safe? Read Scam Report Before You Trade

Bitget Review 2023

Bitget Review: Scam Or Safe? Read Scam Report Before You Trade

Table of Contents

Bitget, as the name implies, is solely focused on Bitcoin & crypto trading. Established in 2018, the company claims to have a secure and transparent trading environment; however, its recent users’ reviews don’t seem to be justifying these claims. To settle this confusing state about the platform, we have brought a detailed Bitget Review 2023.

The recent scams in the Crypto industry & bankruptcy of leading exchanges have raised red flags among potential Crypto investors & traders. As a result, they have become extra cautious about choosing a trading partner for them. However, our detailed analysis report will help you determine whether the Bitget exchange platform fits you. 

Through this Bitget Review 2023, we have prepared an insightful analysis report on the platform’s services based on various aspects, including fees, account opening & product availability. 

What Is Bitget?

Bit get is a digital asset trading platform that provides investing & trading services for a variety of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, among others. 

The platform offers a wide range of trading pairs and supports spot, margin, and derivatives trading. At the same time, the exchange can be accessed through their website or mobile app and is available in multiple languages. 

It offers advanced charting tools, real-time market data, and a wide range of indicators to help traders make informed decisions. The platform also claims to offer competitive fees, high liquidity and low latency.

Bitget Scam Report: Is It Safe To Trade With?

It is one of very few Crypto trading platforms that are licensed & regulated. It holds MSB licenses from the Financial Crimes Enforcement Network (FinCEN), the U.S. Department of the Treasury & Financial Transactions and Reports Analysis Centre of Canada (FTRACC).

Despite these heavy regulatory approvals, the exchange has several complaints about its withdrawal policies and copy-trading feature, with the majority of them even calling it a scam. 

The platform has hardly managed to secure a 2.8/5 star rating on Trustpilot, which indicates it to be a high-risk Crypto exchange. The platform doesn’t have a good reputation among its users. 

What Services Does Bitget Crypto Exchange Offer? 

During our research for Bitget Review 2023, we were really impressed with the exchange’s services. It doesn’t limit itself to just a trading platform. You can invest, trade and earn all in one place. 

We have compiled a brief listing of all the services & products being offered by this Crypto trading platform. 

Crypto Investing

The exchange offers its clients an option for quick Crypto investments. There are over 100+ digital coins available for buying through

  • Express/Quick Buy Feature
  • P2P Trading
  • Credit/Debit Cards
  • Bank Deposits

Crypto Trading

Along with investment services, the exchange platform’s primary service is trading. You can access spot trading, derivative trading & margin trading. 

  • Bitget Spot trading: The platform offers spot trading on a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. Users can buy and sell cryptocurrencies at the current market price.
  • Margin trading: The platform also offers margin trading, which allows users to trade with leverage. This means users can trade with more funds than they have in their account in order to potentially generate more significant returns.
  • Derivatives trading: Bitget exchange also offers derivatives trading, which allows users to trade futures and options contracts on a wide range of cryptocurrencies.
  • Grid Trading:  The feature includes the usage of trading bots that will place a series of buy and sell orders at different prices around a target price. Additionally, it will adjust the orders as the price moves. The bot will also have a stop-loss to minimize the risk of significant losses.
  • Social Trading: The Bit get copy trading feature allows beginner or less-experienced traders to copy the trades of professionals. Unlike other cop trading platforms, it allows users to set risk control parameters, leverage and margin. 
  • Strategy Trading: the feature allows new traders to buy strategies from professionals so they can implement them in their trades. 
  • Megaswap: The feature allows traders to swap 1000+ cryptocurrencies across multiple chains. 

What Cryptocurrencies Does Bitget Support?

As per our Bitget Review 2023, the exchange platform offers nearly 400 Crypto coins & 450+ trading pairs for spot & derivative trading. 

Here’s the list of all major supported Cryptocurrencies on the platform: 

Cryptocoins Crypto Trading Pairs
Bitcoin BTC/USDT
Litecoin ETH/USDT
Polkadot ENS/USDT
Ripple GMT/USDT
Tron ADA/USDT
Chainlink TRX/USDT
Bitget Coin (BGB) BGB/USDT
EOS LTC/USDT
Bitcoin Cash SUSHI/USDT

How Much Does It Cost To Trade On Bitget?

The cost of trading on the platform is comparatively higher than other Crypto trading platforms. This is because it charges fees in Taker/Maker model & there is also a higher withdrawal fee. 

Through this Bitget Review 2023, we have listed down the exchange’s fee structure so you get a clear idea of all the associated charges.

Bitget Fee (Trading)

Taker Maker
Spot Trading 0.1% 0.1%
Futures Trading  0.2% 0.6%

Non-trading Fees

Withdrawal Fees: Varies depending on your chosen Cryptocurrencies (typically, it is 0.0005BTC for Bitcoin withdrawals)

Bitget Deposit & Withdrawal Methods

The platform’s available payment methods for deposit and withdrawal include VISA, Mastercard, Apple Pay, Google Pay, Mercuryo, Xanpool, Banxa, etc.

As per our opinion through Bitget Review 2023, the available options are pretty impressive & support easy & quick deposits & withdrawals. 

How To Deposit In Bitget Account?

To make a deposit in your account, follow the below-mentioned steps: 

  • Sign in to your account with Bitget login details and click “Assets.”
  • Choose one crypto you want to deposit and click the ‘Deposit’ icon.
  • Copy the address or scan the QR code at the withdrawal address of other platforms.
  • Follow the instructions to complete the transaction. 

How To Withdraw From Bitget?

To withdraw money from your account, follow the below-mentioned steps: 

  • Sign in to your account and click “Assets.”
  • Choose one crypto you want to withdraw and click the ‘Withdraw’ icon.
  • Copy the address or scan the QR code at the deposit address of other platforms.
  • Follow the instructions to complete the transaction. 

Bitget Sign-Up Process: How Can You Register On The Exchange?

The registration process typically involves simple steps:

  • Visit the official website: Go to www.bitget com and click on the “Sign Up” button.
  • Provide personal information: Fill out the registration form with your personal information, including your name, email address, and phone number. 
  • Create a login password: Create a strong login password and confirm it.
  • Email verification: The platform will send a verification link to the email you provided. Click on the link in the email to verify your account.
  • Enable Two-Factor Authentication (2FA): Two-factor authentication adds an extra layer of security to your account. The platform will ask you to install the Google Authenticator app and scan a QR code to enable 2FA.
  • Complete the Bitget KYC process: After registering, you may be prompted to complete a Know Your Customer (KYC) process, which typically involves providing additional personal information and documentation to verify your identity.
  • Fund your account: Once it is set up and verified, you can fund it by depositing cryptocurrency or fiat currency.

Bitget User Interface & Mobile App

The user interface of the exchange is quite user-friendly and intuitive. It includes features such as real-time market data, charting tools, and order placement options. The layout is typically divided into several sections: a navigation bar, a trading chart, an order book, and a trade history section.

The Bitget app is designed to provide users with a similar experience to the web version; it allows users to trade on the go, check real-time market data, and manage their accounts. The app is available for both iOS and Android devices and can be downloaded directly from the website through a QR. 

What Is Bitget Academy?

The ‘Academy’ is an interactive learning feature that includes a set of trading articles, webinars & videos for new Crypto traders. 

However, our findings from Bitget Review 2023 indicate that the function lacks some common features, including a free demo account. 

Bitget Coin (BGB Token) Details

BGB is an ERC-20 token built on the Ethereum blockchain. According to the company, the token is used as a medium of exchange and a governance token within the Bit get ecosystem. Holders of BGB can use it to vote on platform decisions, such as listing new assets and receiving discounts on trading fees.

Meanwhile, there is a feature – BGB Earn that lets you earn & grow BGB holding by subscribing to various products that support early redemption.

What About Bitget Customer Support & How To Contact Them?

The exchange platform offers 24×7 customer support services through email and live chat options. However, the team’s response time is relatively high. You may have to wait for over 3-4 days to get a reply to your queries. 

At the same time, the lack ness of dedicated phone support is something it needs improvement. Overall, our experience with the support team was not that great. 

Here’s how you can contact the customer support team: 

Bitget Earning Program 

Along with investing & trading services, the platform offers various passive ways to earn. The earning program includes a Savings function, Shark Fin, Dual Investment, Token Staking and launchpad. 

Bitget Bonus

The exchange platform offers a bonus of upto 5,000 USDT on sign-up and a first deposit. And it additionally adds 5 USDT for placing the first trade on the platform. 

Referral Program

The refer and earn program allows existing users to earn a commission of upto 2800 USDT for each successful referral. However, the referral must complete KYC, makes their first deposit, and completes the required trading volume.

Affiliate Program

Through its affiliate program, the platform invites businesses & individuals to partner with it and earn 50% commission upto $3,000 from new referrals.

Pros & Cons

Pros Cons
Fully licensed Crypto exchange Lacks dedicated phone support
User-friendly interface Fees are slightly higher
Lucrative earning program
Single platform for both Investing & Trading services
Quick Sign-up process

Final Verdict On Bitget Review 2023

The final assessment report of Bitget Exchange Review 2023 revealed the platform is a good place to start Crypto investments & trading. However, the services are not upto the mark how it pretends to be. Despite having heavy regulation, the scam-related complaints against it raise red flags for its potential users. 

Overall, we don’t recommend trading with this exchange. If you still want to trade, do it at your own risk. Otherwise, go with our top recommendation for Crypto trading – InvestFW. The platform is fully regulated & secure. Additionally, it offers CFD trading on 100+ crypto pairs at zero commission & high leverage. 

FAQs

Is Bitget Global A Good Exchange?

Yes, the platform is good for trading Cryptocurrencies, as it is fully licensed; however, its users’ reviews & trading fees are something you should go through before you trade with it. 

Where Is Bitget Located?

The Crypto exchange is based in Singapore with headquarters in Seychelles. 

Who Is The Founder Of Bit get?

Sandra Lou is the CEO and co-founder of the platform. 

Can I Use Bitget Without KYC?

Yes, you can, but with limited functions. To unlock all the features & services, you must undergo a mandatory KYC process. 

Is Bitget Copy Trading Profitable?

The platform’s copy trading features seem more suspicious than being profitable. Several users have complained about being scammed through copy trading feature. 

Is Bit get Available In India?

Yes, the crypto exchange offer services in India, alongside many other countries in the Asian region. 

Can I Withdraw From Bitget Without Verification?

Yes, you can withdraw funds without verification; however, the withdrawal limit for unverified accounts is 0.1 BTC per day, while it’s 100 BTC for KYC Verified Accounts. 

Share on:
Facebook
Twitter
LinkedIn
Reddit
Tumblr
Get A Callback

"*" indicates required fields

Name*
Trading View
Top Brokers