The Bitget exchange is a well-known and prominent exchange but if you are interested in using it then you should first do a thorough research and get to know about its available features and services.
One should avoid using an exchange simply because it is popular. Every prominent platform offers different kinds of features and services that might not necessarily match your criteria or requirements.
Therefore, it is important and useful to take a look at a brief Bitget review so you can get an idea of the different features it offers and make an informed decision.
Here are some of the major attributes of the crypto exchange.
Overview of the Bitget Exchange
Bitget is a prominent player in the crypto market, having gained widespread recognition since its launch in 2018 by Sandra Lou. The exchange boasts an impressive user base of over 8 million registered traders, owing to its versatile platform that offers access to over 400 digital currencies and a plethora of trading pairs.
It is also known for its copy trading feature, which has contributed significantly to its average daily trading volume of $10 billion. In the derivatives market, Bitget is among the top five exchanges and is licensed in five different countries. With its user-friendly interface and an extensive range of trading options, Bitget is considered an excellent platform for both new and experienced traders.
User-friendly Interface of the Exchange
As highlighted in this concise overview of the Bitget crypto exchange, it is an ideal choice for traders of all levels of experience. Its user-friendly interface is straightforward and does not involve any complicated or technical steps that may overwhelm beginners.
Moreover, the sign-up process is quick and easy, ensuring that traders can start trading digital currencies without any delay. Bitget also provides support for both web and mobile applications, allowing traders to access the platform from anywhere in the world, even while on the move. With its intuitive design and accessibility, Bitget is a convenient and reliable platform for all types of traders.
Multitude of Cryptocurrencies Supported
This Bitget review focuses on all major attributes of the platform that new or potential users might want to know about. Knowing as much as possible about an exchange can make decision-making quite easier and simpler for people who do not have a lot of prior experience or relevant information.
This exchange stands out among others for several reasons, one of which is the availability of a variety of digital assets. The Bitget exchange offers support to more than 400 cryptocurrencies.
Some of those are:
- Tron (TRX)
- Ripple (XRP)
- Polygon Matic (MATIC)
- Litecoin (LTC)
- Ethereum (ETH)
- EOS (EOS)
- Chainlink (LINK)
- Bitcoin (BTC)
Copy Trading Supported
Bitget is the number one platform for copy trading. Copy trading is a convenient feature that can simplify cryptocurrency trading for novice traders. Essentially, this feature enables inexperienced traders to mirror the trades of more experienced traders. By copying the trades of expert traders, new traders can benefit from their expertise and potentially profit from their success.
On the Bitget exchange, experienced traders earn 8% of the profits generated by the traders who copy or follow them. Copy trading on Bitget is straightforward and involves the following steps:
- Selecting the trading pair to copy
- Choosing between fixed ratio or fixed account
- Selecting the leverage type
- Setting the leverage
- Choosing between isolated or cross mode
- Reviewing the copy trade data
- Making any necessary adjustments
- Finally closing the position
With these easy steps, Bitget has made it simple for traders to engage in copy trading and potentially boost their profits.
Security Systems Implemented
With the help of this Bitget review you can also get a good idea of the level of security offered to the users of this exchange. This platform is one of the safest in the industry, thanks to the use of high-end security technologies and protocols. It is important to know that none of the platforms in the industry are completely risk-free but using high-end security systems can make quite the difference.
To ensure that users are offered the utmost security, the Bitget exchange has a $300 million protection fund as an additional security layer and the Merkle Tree Proof of Reserves (PoR).
Additionally, it also uses the safety protocols mentioned below:
- 12 A+ ratings from SSL Labs
- Two-factor authentication (2FA) system
- Cold wallets
- Hot wallets
Fee of the Crypto Exchange
One of the most important attributes to consider in this Bitget review is the fee charged by the platform. You can tell if an exchange is trustworthy or not by taking a look at its fee structure as some include hidden charges as well.
This exchange does not charge any fees for making deposits or withdrawals. The trading fee, on the other hand, is based on the tier system where the users are rewarded lower fees based on their trading volume.
