Bitget Review Crypto Copy Trading and Futures Trading

Bitget Review 2022 – Copy Trading – Fees – Futures Trading

We cover the Bitget crypto trading exchange with futures, spot, and copy trading. Bitget is one of the top Bitcoin and altcoin trading sites with a significant trading volume for the futures markets.

Bitget focuses most on the crypto futures markets and is one of few platforms allowing US customers to sign up with no restrictions in what features they can access. Bitget also has good liquidity and trading volume in the derivative markets. Altogether, Bitget is one of the best crypto leverage trading platforms.

Also, they have other features like copy trading, trading tournaments, and BGB earns.

What is Bitget Crypto Exchange?

Bitget is a Singapore crypto exchange and trading platform launched in 2018. You can trade on the crypto spot market, the crypto futures market, copy trading, and P2P trading. Bitget has regulatory licenses from the US, Canada, and Australia, making them a trusted exchange.

Bitget Trading Fee Discount Code

Signup via Cryptocointrade to get -15% on all futures trading fees on Bitget. This deal is exclusive for our readers.

Bitget Crypto Exchange SignUp offer and Rewards Center

Biget SignUp Bonus and Rewards

Bitget has one of the most generous crypto trading signup offers among all the crypto trading exchanges.

You can get up to $4163 if you fulfill all requirements.

Click to read the full terms and conditions and compare it with all other bonuses and signup offers. Note that you will receive the bonus in “trial funds, ” not regular funds that you can withdraw.

What are Bitget Trial Funds?

Bitget Trial funds can offset futures trading fees and funding fees, compensate for losses, or be used as a margin to open a position. Trial funds can not be withdrawn.

How to use the Bitget Trial Funds?

Example of how to use Bitget trial funds

  • You deposit $500 and get $15 in trial funds

  • You buy a futures contract BTC 2x worth in total $1020.

  • Now, you have used $10 (as margin) of your trial funds and have $5 trial funds left to use

  • You did a maker buy, so you paid 0.02% in fee = (1020*0.002=$2,04) trading fees from trial funds.

  • There is no interest to be paid on the borrowed $510

  • Example 1: You close it at $1015 with a $5 loss. This $5 will be taken from the trial fund as compensation losses

  • Example 2: You close at $1025 with a $5 win. I have to share ~0.01% (funding fees) to the losing side, taken from the trial fund.

  • The trial funds are not limited in time, but they will disappear if you move your funds out from the wallet of the future. Also, they will become invalidated if you claim the standard bonus in the reward center.

Bitget Non-KYC Withdrawal Limits

Bitget is one of the most generous crypto trading platforms regarding Non-KYC withdrawal limits on crypto exchanges. For example, with Bitget, you can withdraw a total value of 20 BTC in daily volume without any requirements for KYC ID verification. In addition, there are no limitations on trading features for non-KYC customers, as is the case for many other crypto exchanges like Binance.

Total Daily Withdrawal Limit:

Users without ID Verification: Value of 20 BTC

Users with ID Verification: Value of 200 BTC

Read more about the KYC ID verification process on Bitget.

Bitget Crypto Exchange Features

Bitget is a crypto exchange with a wide selection of features. We list all the categories below and cover them in detail, one by one.

  • Futures Trading
  • Quanto swap feature
  • Spot Trading
  • Copy Trading 
  • Trading Tournaments
  • BGB token and BGB Earn

Bitget Crypto Futures Trading

Bitget offers bot USDT-M futures and COIN-M futures. However, Bitget doesn’t provide traditional futures but only perpetual crypto contracts. The main difference between futures and perpetual is that futures have an expiration date while perpetual contracts are open-ended with no final date.

Bitget supports 53 perpetual markets and has decent trading volumes.

 
Bitget has two different categories of perpetual contracts, and the difference is what currency they are settled and denominated in.
  • USDT-M contracts are denominated and settled in USDT.
  • COIN-M  Contracts are denominated and settled in the underlying cryptocurrency. You can trade BTC/ETH, for example.

Bitget Crypto Futures Trading Volume

Bitget Crypto Futures Trading Fees

Bitget charges a flat fee schedule for futures trading. The Bitget futures trading fees compete against many of the lowest crypto derivative fees, especially if you trade low to medium volumes.

However, since Bitget charges a flat fee, they can’t compete with Bybit, Kucoin, and OKX regarding trading fees for large-volume traders.

Bitget futures trading fees table

What is Bitget Quanto Swap Feature?

The Bitget Quanto Swap Contract feature is unique for Bitget and supports the usage of numerous different crypto assets as a margin for cross-currency transactions.

The great benefit of Quanto swap is that you don’t need to pay exchange fees since you don’t have to maintain your margin in the denominated currency.

Also, you might be able to hold your position for longer and get a higher profit.

Bitget Quanto Swap Example

One example for Bitget quanto trading could be that you hold ETH but want to trade BTC/USDT. Using your ETH as collateral, you can trade on EOS/USD, BTC/USD, and ETH/USD. The profits and losses are then calculated, and you are rewarded in ETH.

Without the Quanto swap feature, you would have to exchange your ETH for USDT, receive your profits in USDT and trade them back into ETH. 

Bitget Crypto Spot Trading

Bitget has decent crypto spot trading volumes. To compare crypto exchange spot trading volumes, you can go to Coinmarketcap or Coingecko and click exchanges.

Bitget supports 256 cryptocurrencies and 282 listed markets.

Bitget Crypto Spot Trading Fees

Bitget has pretty good crypto spot trading fees. Bitget charges flat trading fees for the most liquid trading markets, which are a bit different compared to many other sites where the trading fees are dynamic and dependent on trading volume. For the less liquid markets, the spot trading fees are doubled.

The default Bitget spot trading fees are low, and you can lower them even further by paying the spot trading fees with the Bitget native token, BGB. By paying the spot trading fees with BGB, you will pay -20% on all spot trading fees. See the screenshot below for more information regarding the trading fees and BGB payment fees.

Bitget maker and taker spot trading fees table and BGB payment fee rebate

Bitget spot trading fees table

Bitget Crypto Copy Trading

Bitget has one of the best crypto copy trading exchange features.

The idea behind crypto copy trading is simple; therefore, this alternative is beginner-friendly. 

You allow a trader with a proven track record and a developed strategy to manage a part of your portfolio.

Bitget Crypto Trading Tournaments

Bitget arranges many different crypto trading tournaments with great prizes and rewards. Crypto trading tournaments are a great way to compete against other crypto traders, win extra bonuses, and boost your profits.

See our dedicated article about the best crypto trading tournaments to see all the current trading competitions from all different trading sites.

Bitget Protection Fund Review

Bitget protection fund is similar to the Bybit insurance fund and aims to help traders when a user’s loss is not a consequence of their own actions or behavior on the Bitget trading platform. 

Bitget Protection Fund will encourage other CEXs to address concerns of accountability, safety, and security in crypto. The Bitget protection fund is transparent and verifiable since the wallet addresses are made publicly available.

Read more about the Bitget protection fund.

Bitget - No VPN Needed for US customers

Many US crypto trading customers must use VPN to access crypto exchanges that don’t hold a US license. However, with Bitget there is no need for a VPN for US customers.

Bitget token BGB and BGB Earn

By holding or staking the Bitget token BGB, you can receive rewards and benefits via the BGB Earn features.

  • Futures margin: Use BGB as a margin to unlock a 15% discount on trading fees
  • Spot Trading Fee: Pay with BGB to get a 20% discount on all trading fees
  • KOL Cooperation: Use BGB as collateral for more collaboration opportunities.
  • Bitget Rewards: Holding BGB gives you access to Bitget rewards, private circle tickets, and more
  • Earn Passive Income: Stake to earn with BGB to enjoy value-added income
  • Early Investment Access: Bitget Launchpad gives you early investment access to up-and-coming projects
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