Bitget

“Better trading, better life” is the motto of the Bitget crypto exchange platform, which aims to simplify your trading with its innovative methods. The platform is arguably the market leader when it comes to trading derivatives.

It offers a wide range of other products and services as well, including perpetual contracts, futures contracts, margin trading, and over-the-counter trading.

Established in 2018 and headquartered in Singapore, this crypto exchange was ranked among the top five exchanges according to its daily average futures trading volume in July 2020.

Deposit and Withdrawal Methods

As you’d expect from one of the top crypto exchanges, Bitget enables its customers to fund their accounts using all popular payment methods, such as Visa, Mastercard, Apple Pay, and Google Pay; the supported service providers include Mercuryo, Xanpool, and Banxa.

Before cashing out, check the withdrawal limits and fees for the cryptocurrency in question. For example, be ready to part with 0.0006 BTC for Bitcoin withdrawals, slightly above the industry standard. Once you submit your request, it takes from two to 10 minutes for funds to reach your account.

Fees

Bitget’s fees are based on the “maker/taker” model. Makers are the users who make liquidity by adding orders to the order book, while takers fill trading options, usually by taking the existing orders from the book. The fee for spot trading for both makers and takers is the same and amounts to 0.10%.

However, makers pay 0.02% for futures trading, whereas takers are charged 0.06%. These fees are discounted if you use the BGB token (Bitget’s cryptocurrency).

Security Measures

Bitget’s security measures are pretty standard and include two-factor authentication and email verification. The platform holds three licenses: the US Money Services Business License issued by the FinCEN, Canada Money Business License by the FINTRAC, and Australia Digital Currency Spot provided by the AUSTRAC.

Furthermore, Bitget boasts 12 A+ rankings from SSL Labs and offers both hot and cold storage wallets. However, there is no master password provided to secure your account or download history if you lose your phone or delete the app by mistake.

Customer Support

Bitget’s customer support is multilingual and available ‘round the clock.

Is Bitget Safe?

Yes, Bitget is safe. They have regulatory licenses for Canada, Australia, and the US. They secure user’s assets in segregated hot and cold wallets.