If your list of potential crypto platforms also includes the Bitget exchange, you should explore the details and features mentioned in this brief review first. Doing a thorough research and then getting a good idea of what every exchange offers is crucial because it can help you make an informed decision.
Therefore, to ensure you make an informed decision and have a good experience diving into crypto, you should patiently take an in-depth look at the features and services of the platform.
Before you start using the exchange, you should look at this Bitget review that is brief yet sheds light on all major attributes and aspects.
Table of Contents
Brief Introduction of the Bitget Exchange
The Bitget exchange is one of the leading crypto exchanges in the industry. It was launched in 2018 by Sandra Lou and already has more than 8 million registered users.
It has an average daily trading volume of $10 billion and is also the top platform for copy trading. This exchange has quickly been recognized as one of the best platforms for new and experienced traders alike with more than 400 digital currencies and a multitude of trading pairs.
In terms of derivatives volume, Bitget is among the top 5 exchanges and is also licensed in 5 countries.
Copy Trading on Bitget
Copy trading is one of the features that can make crypto trading easier and convenient for new traders.
The basic idea of copy trading is that it allows the inexperienced traders to copy the trades of experienced traders. With the help of this feature, the trading activities of expert traders is automatically copied by copy traders, which means any profits or losses of new traders will be the same as the trades of the traders they copy.
The experienced traders get 8% of the profit from the traders who copy or follow them.
The simple steps to follow while copy trading on the Bitget exchange are as follows:
- Select the trading pair you want to copy
- Select fixed ratio or fixed account
- Select the leverage type
- Set the leverage
- Select isolated or cross mode
- Review the copy trade data
- Make necessary edits (if any)
- Close the position
User-interface of the Exchange
As mentioned above in this brief Bitget review, the platform is a suitable option for both new and experienced traders. This means the user-interface is quite simple and does not include any complex or technical steps that may complicate the process for newbies.
The sign-up process is also quite and straightforward. It also offers support for web and mobile application, which makes it possible for a vast number of traders to access it anywhere in the world and even while on the go.
Level of Security Offered to Users
It has been established above that the Bitget exchange is one of the few platforms that are licensed. This adds to the value of the platform. However, the security offered by the platform can be further validated by the fact that it implements high-end security protocols that keep the funds and privacy of the users safe from any kind of threat or failure.
The security systems used by the exchange and mentioned in this Bitget review are:
- 12 A+ ratings from SSL Labs
- Cold wallets
- Hot wallets
- Two-factor authentication (2FA) system
Bitget also has a $300 million protection fund as an additional security layer and the Merkle Tree Proof of Reserves (PoR). The Merkle Tree PoR legitimatizes the fact that it holds the assets of the users in reserve.
Supported Digital Assets
The Bitget exchange is also known to offer support to a multitude of digital assets, which are more than 400 in total.
Some of the cryptocurrencies available on the exchange include:
- Bitcoin (BTC)
- Chainlink (LINK)
- EOS (EOS)
- Ethereum (ETH)
- Litecoin (LTC)
- Polygon Matic (MATIC)
- Ripple (XRP)
- Tron (TRX)
Fee Charged by the Exchange
The fee structure of any exchange is one of the most important aspects. Bitget is a cryptocurrency exchange that is both reliable and efficient for trading digital assets. The exchange offers a competitive fee structure that is designed to benefit both traders and investors.
The fee structure of the Bitget exchange is based on a tiered system that rewards users with lower fees based on their trading volume.
For instance, users with a trading volume of less than 100,000 USDT per month are charged a maker fee of 0.15% and a taker fee of 0.20%. On the other hand, users with a trading volume of over 100 million USDT per month are charged a maker fee of 0.045% and a taker fee of 0.065%.
Additionally, Bitget offers zero fees for deposits and withdrawals, making it an attractive option for those looking for a low-cost exchange.
Conclusion!
The Bitget exchange is one of the best platforms in the industry and offers impressive and high-end features and services. To know if this exchange is suitable for you to use, you should take a look at the information mentioned above.
