About Bitget
Bitget is a global cryptocurrency exchange founded in 2018, with a primary focus on derivatives trading, particularly futures and copy trading. Headquartered in Singapore, Bitget serves users worldwide, including a growing European client base. The platform offers a broad suite of services: spot trading for buying and selling a wide selection of cryptocurrencies, futures trading with leverage for advanced strategies, and an integrated copy trading system where users can replicate the portfolios and trades of more experienced traders. Bitget also supports passive income features such as staking and DeFi-based earning products.
For European users, Bitget provides direct support for Euro (EUR), enabling fiat deposits and withdrawals through various methods such as SEPA transfers and credit/debit cards. The platform maintains a user-friendly experience on both desktop and a well-reviewed mobile app, with multilingual support, including European languages.
Security is a stated priority, Bitget uses multi-layered protections including cold storage of assets, two-factor authentication, and withdrawal whitelists. While Bitget follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, it does not yet hold full financial licenses in major European jurisdictions. Instead, it operates under industry-standard compliance frameworks but without the robust oversight afforded by, for example, BaFin (Germany) or the FCA (UK).
Overall, Bitget aims to balance competitive fees, a wide asset offering, and innovative social trading features but remains subject to certain regulatory limitations within Europe.
What are alternatives for Bitget
👍 Pro's of using Bitget
- Comprehensive Copy Trading: Bitget’s platform for following and copying top traders stands out, helping newcomers reduce learning barriers and potentially improve trading outcomes.
- Competitive Fee Structure: With trading fees often at or below 0.05% for makers and 0.06% for takers, Bitget is cost-effective for both spot and futures trades.
- Broad Cryptocurrency Selection: Users gain access to a diverse range of digital assets, including leading coins and a variety of altcoins popular with European traders.
- Euro Support and Fiat Integration: Direct Euro (EUR) deposits and withdrawals, including SEPA and card payments, facilitate easy onboarding for European users.
- Strong Security Practices: Multi-layered security, including cold storage, 2FA, and withdrawal whitelists, helps protect customer funds.
- Accessible User Experience: The platform and mobile app are intuitive and suitable for both beginners and more advanced users.
👎 Con's of using Bitget
- Limited EU Regulatory Licensing: Bitget lacks formal licensing from major European financial authorities, potentially increasing risk for compliance-minded users.
- Leveraged Trading Risks: Futures and leverage trading services are integral to Bitget, but may lead inexperienced traders to take on significant risk.
- Variable Liquidity on Some Assets: Certain altcoins may experience lower liquidity compared to larger exchanges, leading to slippage during larger trades.
- Fiat Withdrawal Limitations: While Euro support is present, users in some European countries may encounter restrictions or delays on fiat withdrawals.
- Customer Support Inconsistency: Response times and issue resolution can vary, especially during peak activity or with more complex account matters.
- Limited Advanced Trading Tools: Some professional traders may find Bitget’s analytics and order types less advanced than platforms tailored for high-frequency or institutional trading.
