What is Bitget exchange? The most detailed review of the Bitget exchange
The current crypto market is growing strongly but is still quite new, has a lot of potential and offers many opportunities to make money for everyone. Therefore, it is obvious that cryptocurrency exchanges also “spring up”, develop and become popular here. In this article we will talk about Bitget Exchange.
A major cryptocurrency exchange with the slogan “Better trading, better life”. Bitget floor affirms itself to other competitors as one of the leading electronic exchanges. With many integrated services: Copy Trading, Future Trading, Consolidation Contracts, etc. In this review, I will explain in detail all the basic concepts about Bitget floor, What is Bitget floor? Features, trading fees and reasons why you must choose to use Bitget exchange.
What is Bitget exchange?
Bitget is an exchange, a cryptocurrency trading platform founded in Singapore in 2018. When first established, bitget only put digital currency exchange services as its development center, until July 2019 The floor gradually switched to trading products such as spot and derivatives.
The CEO of Bitget is Sandra Lou and the Chief Sales Officer is Intae Song. Bitget currently has licenses from major countries such as the United States, Australia, Canada and Singapore. This means that users in these countries will be able to trade legally.
The Bitget platform allows customers to use low fees for both spot and derivatives trading. But trading with derivatives is a more growing focus.
Bitget application is released on both IOS and Android platforms and works and supports 24/7. 1 year after Bitget was founded, the exchange has now entered the Top 30 most prestigious exchanges in the world. This is quite an impressive achievement of Bitget floor:
- The growth rate is quite fast each month reaching 66.7%.
- Number of people registered on the exchange: 300,000 people as of the time of this article.
- Number of regular users: 77,000 people.
- Daily trading volume reaches 120 million USD.
Bitget exchange’s level of competition compared to other exchanges
Following the general trend like other exchanges, Bitget also created its own coin, GT. GT is currently running on the Ethereum ERC-20 blockchain and has a fixed total supply of 1 billion tokens. When you want to trade, you can use GT as a transaction fee to reduce costs. Bitget will buy back 50% of GT with profits, and share profits with holders. The acquisition will reduce the supply of GT outside the market, helping GT increase its value sharply.
Some outstanding features of Bitget floor:
- Low transaction fee: 0.1% normally, but when using GT as a fee, it is only 0.05%.
- Deposit fee: free
- Withdrawal fee: low eg: 0.01 LTC(~0.5$)
- Service: integrates OTC margin trading (quite new) and has direct OTC links to 2 major fiat – crypto exchanges in Vietnam: Remitano and Coincola.
- The activity of sharing for users 50% of the commission from the ref’s transaction fee in USDT is quite convenient.
- Support: Supported by the community in Vietnam, any problem can be resolved.
- Development potential: cooperates with many media companies, has a large user community on media channels such as telagram, wechat, Twitter, Facebook…
- Interface: quite beautiful, easy to see, friendly and simple to operate.
There are quite a few advantages, right? But besides these advantages, Bitget also has a few disadvantages such as: needing a Vietnamese version for Vietnamese users, not many trading coin pairs, limited liquidity. limited because the number of users is not really large compared to other exchanges.
Instructions for registering a Bitget account
Below are simple steps to register for bitget exchange. Let’s find out together.
Step 1: Visit the bitget website
Official website of Bitget exchange at: https://www.bitget.com/
Then click Sign Up. On the registration interface, you can use your phone number to register or choose to use an email account.
You continue to enter all your information, I encourage you to choose to register with an email account, because authenticating with a phone number will take a long time. But if you use a phone number, please remember to choose +84 for Vietnam.
Then, the next step is to set a password for your account. You should use a long, random password to increase the security of your account.
Step 2: Verify identity and account KYC
After registering, you need to KYC your exchange account. Click on “Account” => “ID Verification” and enter all information.
Note: Please carefully review the notes below about the standards of photos, especially photos holding Passport + paper.
Set up 2FA advanced security features
To set up security functions, click on Security Setting. Then just complete the system requirements.
Next, click on the Set button of Google Authenticator Code.
Note that you need to store the QR code or 2FA Key in a note section to avoid losing it.
Step 3: Deposit / withdraw money on Bitget exchange
Click on “Assets” and select the coin you want to deposit (Deposit) or Withdraw (Withdraw). This part is quite important, so please do it carefully. Because each coin’s wallet is different, it will take you a lot of time to resolve if you make a mistake.
In addition, in this Assets interface, you can check Hide small balances to hide coins that you do not own.
When you want to participate in the Margin market, you just need to select “Transfer” and your assets will be transferred to the Margin account.
Step 4: Introduce to friends
Like other exchanges, let your network expand more widely. Bitget also has a referral program with friends and a generous rewards policy.
To participate in referrals, you just need to click on Referral Bonus and then copy the link to introduce on social networking sites.
Is Bitget safe?
It can be affirmed that the Bitget exchange is very safe and highly secure. Bitget uses bank-level security so that user assets are protected. It has an A+ rating on 12 certifications. Normally user assets will be stored in cold wallets.
The trading floor system can handle large and stable transaction loads, meaning that it will not be overloaded when the market fluctuates strongly. Users will trade stably without any problems.
Security is also supported by leading security technologies such as Suntwin Technology, Qingsong Cloud Security, HEAP and Armors.
When you first invest in any cryptocurrency exchange, you will also find out if the exchange is safe and trustworthy? So the answer is here: Bitget exchange is one of the very safe and trustworthy exchanges.
Pros and cons of Bitget exchange
With the ambition to become one of the world’s largest trading floors. Bitget exchange has met the advantages but still has some limitations. Here is the entire review of whether you should trade at Bitget
Advantage
- Provides the lowest transaction costs.
- Bitget exchange does not charge fees when you buy cryptocurrency.
- Has bitget transaction copy feature.
- Professional traders receive 10% of their followers’ profits after each completed trade.
- Licensed from the United States, Singapore, Canada,…
- 24/7 customer support
- Has a unified contract feature
- Diverse transactions: Margin, derivatives,… with stable trading volume.
Defect
- Many unopened announcement pairs with BGB tokens
- It is necessary to carefully research the traders and masters on Copy Trade to avoid risks.
- Some countries are still restricted such as China, Macau, Hong Kong, North Korea,…
How to make transactions on Bitget exchange
The trading platform interface is designed very simply. Suitable for the tastes of all investors. The steps are relatively simple, even for newcomers to the market.
- Select your desired trading pair.
- Trading volume and 24h change of that pair.
- Graphs and price indicators, you can add other analysis tools.
- Frame for placing buy/sell orders.
- Order Book: Buy/sell orders being placed.
Continuing down below, you will see more information about pending orders and your previous trading history (number 6). A series of orders were executed in the market (number 7).
Epilogue
Above is all the information about Bitget Exchange and instructions for registering to use the exchange that I want to send to you. Choosing cryptocurrency exchange Bitget is good if you want to exchange with many smaller market currencies, more opportunities to copy trades. And lastly, I wish you to make a lot of profit from this Crypto market!
