Bitget is a centralized cryptocurrency derivatives trading platform based in Singapore. It was founded in April 2018 by Bitget Group, a digital financial brand, with the purpose to make digital assets easy to get and easy to exchange. Bitget exchange claims to have more than 1,000 000 registered users in more than 40+ regions. It has regional offices in Japan, South Korea, and China and is expanding to SEA regions like India, Indonesia, Vietnam, and the Philippines. It holds financial and Digital Currency Exchange licenses for the US, Canada, Singapore, and Australia.
Bitget is committed to providing the most flexible, secure, and professional digital asset trading and management services for users from around the world. Among Bitget investors, there are some top investment institutions such as SNK, 8 Decimal Capital, An Lan Capital, CoinNess that makes Bitget highly valued and eliminates problems with liquidity.
At the time of writing, Bitget spot markets support only 9 coins and 11 trading pairs with the most active trading pair being BTC/USDT because of the team’s confidence that only the mainstream coins' liquidity can be guaranteed in contract trading.
Bitget takes security policy very seriously. Users’ funds are protected via a hybrid hot and cold wallet system, multi-signature technologies, powerful risk control system, bank-level SS data encryption, and a built-in DPI active defense system. The trading system with a speed of up to 100,000 trades per second enables the stability of the platform.
Bitget exchange supports all possible operating systems such as Windows, Mac, iOS, and Android. The Bitget App is available at Google Play and Apple Store. The services are provided in 5 languages: English, Chinese, Vietnamese, Korean, and Japanese. News and announcements are delivered through social networks: Twitter, Facebook, Reddit, YouTube, and Telegram.
Spot fee rate is 0.2% for both parts of a transaction. Users can reduce transaction fees by 30% by making payments with BFT, the native Bitget token. The derivatives contract fee rate is 0.04% for makers and 0.06% for takers. The internal funds’ transfer is free and can be completed within 3 minutes. Depositing is free and can be made only in cryptocurrencies. Users of the OTC service can buy USDT with CNY via Alipay Bank Transfer.
Withdrawal fee, single withdrawal, and daily limits depend on the token. For BTC and ETH, the commissions are 0.0005 and 0.005 correspondingly. The withdrawal time is affected by the block and can take 5-10 minutes.
Bitget is a community-based platform, which supports 24/7 customer services of digital asset management, OTC, cryptocurrency spot and contract trading, USDT forward contracts, and inverse contracts along with simulator and unique copy trading functionality.
Bitget perpetual contract zone provides seven trading sections: assets, contract varieties, chart, trade zone, contract information, depth and completed transaction, open orders, and history. Contract information consists of funding rate, provision of risks, margin flow, futures position, and tier tables.
There are 3 contract features: swap, inverse, and simulator. Trading pairs of USDT and inverse contracts reduce traders’ risks in highly volatile markets. USDT inverse swap contacts with up to 100x leverage allow setting and adjusting the margin and leverage even after placed orders. New investors who do not have any trading experience can get 5,000 USDT to practice their trading skills in Simulator.
Beginners Contract Trading Course provides guides for inexperienced contract users through graphic tutorials, comics, and videos. There is also an article section with information concerning tokens traded on the platform.
The outstanding feature of the Bitget exchange is the Copy Trade function, which allows choosing elite traders and automatically copying their trading behaviors with the right to close the position at any time. All the traders are strictly audited by Bitget. To help users decide on what traders to follow the data on their profit rate, total profit, 3 weeks win rate, and follower’s profit is provided. Additionally, the Star top trader is selected on a weekly and monthly basis.
For users to be sure that transactions are transparent, completed transactions are publicly visible. Followers pay a 10% commission from their profit to the trader. The maximum number of followers is determined by the trader’s USDT deposit amount and varies from 20 to 200 people. Elite traders can earn an additional 40% referral rebate if they invite new users. Bitget copy trade contracts support such pairs as BTC/USDT, ETH/USDT, BCH/USDT for USDT-margined contracts, and BTC/USD, ETH/USD, BCH/USD for coin-margined contracts. Members can check their transfer records such as direction, type of coin, quantity, or swap in the Financial Record section.
The native asset of the Bidget trading platform and the Bitget DeFi Chain is BFT (Bitget DeFi Token). It is a utility token issued in September 2019 with the purpose of helping users to manage the platform, use DeFi services within the Bitget ecosystem, and achieve full transaction freedom. It has diverse application scenarios and is used to deduct handling fees and provide airdrop rewards. Bitget token has been released with the maximum total supply of 1.00B coins.
Bidget team and partners
Bitget has a team of high-level experts in cryptography, financial software, investment, and social media from all over the world. Among them are: Kenneth Tan, the Chief Operating Officer, Serene Lim, the Operation Executive, Intae Song, and Le Huu Chung are business development managers, Ian Jang, the CEO of the Korean Bitget Group division, Leslie Chen, the Co-Chief Operating Officer. Nicole Ng is the Chief Marketing Officer responsible for creating a clear marketing strategy, planning and managing marketing campaigns, and community expansion.
At the beginning of 2020, Bitget launched The Global Partnership Program with the aim to expand the business and recruit partners from all over the world to share its growth dividends. So far, Bitget has gained a strategic partnership with Sirius, a trading tool that allows users to create their own cryptocurrency trading strategies and automate their trades. BFT has been listed on such data authorities as CoinMarketCap, CoinGecko, and Crypto Adventure, and arranged cooperation with the TamilBTC community.