Bitget is a Seychelles-based cryptocurrency exchange that has been providing its services since 2018. Operating globally except in the United States, it offers a wide range of features that cater to both occasional traders and regular users of modern crypto trading platforms.
The exchange's motto is "trade smarter," and it delivers a positive experience for both advanced and new users. The platform's desktop and mobile interfaces are fast, smooth, and well-organized, with a sufficient number of liquid trading pairs.
History and Background of Bitget
Founded by a team with a background in traditional finance, Bitget's founders discovered blockchain technology as early as 2015. Their deeper interest in cryptocurrencies was sparked in 2018 after studying the Bitcoin whitepaper and the Ethereum ecosystem.
They believed cryptocurrencies would play a significant role in the future and could even benefit the unbanked population. Despite market crashes that deterred most speculators, the founders persevered, leading to the establishment of Bitget in July 2018.
A year after its founding, Bitget launched derivatives trading. In 2020, it introduced its popular Copy Trade feature, which allows platform users to copy elite traders who share their positions for free.
In July 2021, Bitget launched its native cryptocurrency, the Bitget Token (BGB). This is an ERC-20 token that primarily exists on the Ethereum blockchain, meaning it doesn't have its own native network like Binance's BNB.
Like other exchange tokens, BGB serves to reduce trading fees by up to 20% and enables free cryptocurrency withdrawals (without paying network gas fees). It can also be staked for additional rewards.
Throughout its existence, the exchange has also formed numerous strategic and marketing partnerships. Notable examples include collaborations with football clubs Juventus F.C. and Galatasaray S.K., the Russian e-sports organization Team Spirit, and the AI technology company DigiMax.
Its most significant collaboration was secured in October 2022, when Bitget signed football legend and current world champion Lionel Messi as its brand ambassador. The partnership is a point of pride for the exchange, with Messi featured prominently, such as in the loading screen of the mobile app.
The Bitget Platform: How to Buy Cryptocurrencies
Bitget is a comprehensive and advanced trading platform translated into more than 20 languages (though Czech is not yet among them). In addition to its desktop version, it offers a full-featured mobile application for both iOS and Android.
The mobile app is particularly well-regarded for its smooth performance, polish, and speed. Advanced traders will also appreciate the intuitive process for switching and moving funds between the spot and derivative futures accounts.
For important financial decisions and trades, however, the desktop environment is often preferable.
Upon logging into the exchange, you are greeted by a homepage dominated by banners highlighting new promotions, features, and newly listed cryptocurrencies. Below these, you'll find trending cryptocurrencies and other information.
The most critical part of the homepage is the top navigation bar, which provides links to all the features Bitget offers. Clicking on Markets → and then again on Markets will take you to an overview of all the pairs available for trading on Bitget, including those with leverage.
The markets are divided into four tabs:
- Favorites: Displays your favorite trading pairs.
- Spot: The classic buying and selling of actual cryptocurrencies. Assets purchased here appear in your portfolio and can be withdrawn to your own external wallet. Over 840 cryptocurrencies are listed on the spot market (a significant portion are memecoins), making the selection one of the broadest available.
- Futures: Here you'll find nearly 200 derivatives tied to the price of an underlying crypto asset. The most common are perpetual contracts, which allow you to hold a long (betting on price increase) or short (betting on price decrease) position indefinitely. It's important to monitor the funding rate, which is deducted from or added to your position every 8 hours.
- Margin: This allows for buying and selling on the spot market using borrowed funds. You pay interest on the borrowed capital, and your position must not fall below a certain value.
How to Buy or Sell Bitcoin on Bitget
To buy Bitcoin (which you could later withdraw to a hardware wallet like Trezor), select the BTC/USDT pair in the Spot tab, meaning you'll be buying with the USDT stablecoin.
This will display the trading interface, traditionally dominated by a candlestick chart. To its right is the order book, and further to the right, you can place your buy or sell order for Bitcoin.
The interface is complemented by a lower menu where you can switch between open orders, filled orders, trade history, and your currency balances on the exchange.
If a trading "pair" is listed without a slash (e.g., BTCUSDT with a "Perpetual" note), it refers to derivative trading in the Futures tab.
Returning to the order placement field, the options located just below the Buy/Sell buttons determine the type of order you will place. Here are the three most common order types, sufficient for 99% of traders, including professionals:
- Limit: You buy/sell when the asset's price reaches your pre-determined value. Until then, your order is placed in the order book waiting to be filled. You act as a market maker and pay lower fees.
- Market: You buy/sell immediately at the current best available price with a higher fee. You are a taker accepting the best offer in the order book.
- Trigger: This can be set as either a limit or market order. The command is only executed or placed into the order book once the asset's price reaches a specified trigger price. Professional traders often use take-profit and stop-limit orders to manage profits and losses.
After selecting the order type and entering the volume (the amount of BTC you want to buy or the amount of USDT you want to spend), simply click BUY BTC or SELL BTC.
Buying Bitcoin Directly with Czech Crowns
The above process assumes you already have funds in your account. If you are a new user or need to deposit money, click on the Buy Crypto → Credit/Debit Card tab.
This will take you to the Bitget converter, where you can buy cryptocurrencies simply and immediately with a payment card using Czech crowns.
However, as is typical with converters, the fees—often hidden within the exchange rate—are several times higher than on the main exchange markets. For example, purchasing 0.1 BTC on the Bitget converter might cost 159,475 CZK, while its actual market price at the same moment is 150,560 CZK—a difference of 5.9%.
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Additional Services Offered by Bitget
The top navigation bar links to many other supplementary services the exchange provides. Let's look at the most important ones:
Earn
Like all major global exchanges, Bitget offers its users ways to earn interest on their cryptocurrencies through holding or staking.
All earning options are listed under the Earn section. The most popular are the classic Savings products, which offer flexible or fixed-term interest on cryptocurrencies. Fixed terms are typically for 7 or 14 days, with rewards distributed daily.
Under Staking products, you can find popular options like earning 4-5% APY on Ether or other Proof-of-Stake cryptocurrencies.
Also part of Earn is Launchpool. This is a platform for the initial distribution of new tokens, similar to ICOs or IEOs. However, you don't buy new coins here; instead, you receive them for free by locking up selected cryptocurrencies.
Launchpad works similarly, but here you must pay for the new tokens, most often with Bitget Token (BGB), usually at an advantageous price.
Another feature is PoolX, a flexible staking platform that allows users to withdraw staked tokens at any time, ensuring higher liquidity and the ability to react quickly to market changes. Users receive rewards in the form of popular tokens, distributed hourly.
Trading Bots & Copy Trading
Trading Bots and Copy Trading are services Bitget proudly highlights, and rightfully so, as they represent some of the most interesting ways to automate the crypto trading process currently offered by centralized exchanges.
Several trading bots are available, from simple ones like a DCA (Dollar-Cost Averaging) bot for regular purchases based on set criteria to more advanced AI bots capable of trading using various indicators. Similar bots on other platforms can be costly, but Bitget allows you to try them for free. Historical results can be impressive, though past performance does not guarantee future results.
With Copy Trading, you rely not on a pre-set bot but on real, professional traders who share their positions in exchange for a commission, usually 10% of the profits made by their followers. You can choose a trader to copy from a regularly updated leaderboard based on various criteria like ROI or PnL.
Web3
Through integration with the Bitget Wallet, you can directly access liquidity from decentralized exchanges right from the main Bitget platform. This allows you to trade millions of tokens not listed directly on Bitget but available on popular smart chains like Ethereum, Solana, BNB Chain, Base, and others.
This is an excellent solution for users who don't want to split their funds between a centralized exchange and DeFi but still wish to trade on both fronts. However, be cautious: Bitget does not vouch for the quality of tokens traded via Bitget Wallet, and they could be worthless—always do your own research.
Fees on Bitget
You will encounter four main types of fees on Bitget:
- Spot trading fees: Relatively low.
- Derivatives (Futures) trading fees: Relatively low.
- Deposit and withdrawal fees for cryptocurrencies via blockchain: Standard rates.
- Fees for direct purchase of cryptocurrencies with a payment card: Rather high.
Trading fees on the spot market are 0.1% for both makers and takers by default. For example, buying $1,000 worth of BTC incurs a $1 fee. Futures trading fees are 0.02% for makers (those adding orders to the book) and 0.06% for takers (those taking orders from the book). Since Futures involve more frequent, leveraged, and larger-volume trading, the fees are lower.
Spot fees can be reduced by 20% if you choose to pay them using BGB tokens held on the exchange. This option is not available for Futures.
Becoming a VIP user unlocks even lower fees. The first VIP level requires holding 20,000 BGB or assets on the exchange worth $30,000 or a trading volume of 0.5 million USD on Spot or 5 million USD on Futures.
As discussed, buying cryptocurrencies with a card incurs significantly higher costs. The total fees effectively increase the price of the purchased cryptocurrency by 4.5% to 6% above the market rate, a common practice across most exchanges.
For deposits and withdrawals of cryptocurrencies, Bitget charges no fee for deposits—your coins arrive in the exact amount you sent. For withdrawals, however, a fee is charged to cover the network (gas) fees paid to miners or validators. This fee varies depending on the blockchain network used (ETH is among the more expensive, while LTC and SOL are cheaper).
Identity Verification (KYC) on Bitget
Interest in Bitget surged in the spring of 2023 when Bybit, until then a popular non-KYC exchange, restricted services for anonymous users. Bitget became a haven for privacy-conscious users, but only for a few months, as it introduced mandatory identity verification (KYC) for new and existing users in October 2023. The users and liquidity that migrated to Bitget largely remained, and the platform now boasts a spot trading volume of around 400 million USD daily.
Bitget distinguishes between 2 verification levels.
KYC Level 1 grants access to all platform functions, from basic trading to bonus services like Earn or Copy Trading. Cryptocurrency withdrawals are capped at 3M USDT per day, and fiat currency deposit/withdrawal limits also apply. Cryptocurrency deposits are unlimited. To complete Level 1, you need to provide basic identification details, upload a photo of your ID card, driver's license, or passport, and take a selfie showing your face while holding your ID and a piece of paper with the current date.
The highest level, KYC Level 2, does not change any limits or access permissions but is described by Bitget as enhancing the security and trustworthiness of your account. For Level 2, you must provide Proof of Address via a utility bill, bank statement, certificate of residence, tax return, or other official document showing your permanent address.
According to the exchange, identity verification typically takes from a few minutes to an hour.
Other Limits for Trading and Withdrawals
Bitget has other limits that won't affect most regular traders and investors, but for completeness, they are listed here:
- Minimum spot market order: $5 or equivalent.
- Minimum derivatives market order: $5.
- Maximum leverage on derivatives: Up to 125x for major cryptocurrencies.
- Bank transfer/SEPA deposit: €15 to €4,999 per transaction.
- Direct crypto purchase with card: Limit of approximately 318 to 212,300 CZK per transaction.
Deposits and Withdrawals on Bitget
There are several ways to get money into and out of Bitget. You can deposit and withdraw using a payment card or bank account.
Bitget supports instant SEPA payments in euros (though an on-platform notice mentions deposits might take up to 2 days). However, you cannot deposit Czech crowns from a Czech bank account. If you want to pay in CZK, you must buy cryptocurrencies directly with your card, which is instant but comes with higher fees.
Depositing or withdrawing cryptocurrencies is, of course, also standard. You can withdraw all listed cryptocurrencies from Bitget (when not under maintenance). For example, you can send USDT to or from the exchange on 10 different supported networks.
To access deposits and withdrawals, simply click on the wallet icon in the top right corner and, below your total balance, click on Deposit or Withdraw. Then, choose whether you want to operate with fiat or cryptocurrencies and follow the navigation prompts. Always remember to select the correct blockchain network when depositing or withdrawing cryptocurrencies, as multiple options are often available.
Is the Bitget Exchange Safe and Reliable?
Regarding security, two-factor authentication (2FA) is mandatory for logins or withdrawals. You can set this up via SMS, Google Authenticator, or email. The exchange has also implemented and recommends enabling passkey authentication (e.g., using a YubiKey).
For withdrawals, there is an option to set up a whitelist of trusted addresses. However, a missing feature is the ability to set a time lock for withdrawals to new, non-whitelisted addresses being used for the first time.
In terms of trustworthiness and reliability, Bitget is an exchange trusted by millions of traders worldwide. There have been no known significant problems with cryptocurrency withdrawals, and the platform has not suffered any major hacks or extended outages.
In response to the FTX bankruptcy, Bitget joined other companies in publishing its financial reserves—the blockchain addresses where it holds user funds. Financial reserve transparency has become a new standard among crypto exchanges.
According to the platform's website, regarding all significant liquid assets (BTC, ETH, USDT, USDC), the platform is over-collateralized. For instance, it holds three times more BTC than users have deposited on the exchange.
Another security feature is the Protection Fund. This is a safety net designed to protect platform users from loss of funds caused by cyber-attacks or other unforeseen events. This fund was valued at $422 million in the summer of 2024 and contains, among other assets, 6,500 BTC. Users whose accounts are compromised or who lose assets through no fault of their own can file a claim for compensation through this fund, adding an extra layer of protection.
Comparison: Advantages and Disadvantages of Bitget
Advantages
- Widest selection of cryptocurrencies: Among large exchanges, Bitget has the broadest offering of various coins and tokens and is often among the first to list new projects. Over 840 different cryptocurrencies are listed, and you can trade more than 250 derivatives.
- Advanced and polished user experience: Bitget rivals market leaders like Binance, Bybit, or OKX with a truly fluid and intuitive UI, especially in its mobile application.
- Low trading fees: Fees for both spot and futures trading are among the lowest. Paying spot trading fees with BGB tokens reduces them by a further 20%.
- Extra features: Services like Trading Bots, Copy Trading, and Web3 access via Bitget Wallet are not offered by every exchange and are a key differentiator for Bitget.
Disadvantages
- No Czech language support: For example, Binance offers a Czech localization.
- Cannot deposit CZK via bank transfer: The only way to top up your account with Czech crowns is to buy cryptocurrencies directly with a card, which is instant but comes with a higher, percentage-based fee.
- Weaker oversight from public authorities: The Seychelles, a known tax haven, has minimal regulatory requirements, which translates to weaker legal protection for users.
- The exchange is not time-tested: While Bitget has existed for 6 years, it only experienced a massive influx of users in the last two years following its partnership with Messi, increased marketing efforts, and the situation where its main competitors (Bybit, KuCoin) were forced to implement KYC in early 2023. So far, however, Bitget seems to be handling its rapid ascent well.
Frequently Asked Questions
Is Bitget available to users in the Czech Republic?
Yes, Bitget operates globally and is accessible to users in the Czech Republic. However, its interface is not currently available in the Czech language.
What is the best way to deposit Czech Crowns (CZK) on Bitget?
The only direct method to use CZK is through the integrated converter using a credit/debit card. Be aware that this method includes a spread of approximately 4.5-6%, making it more expensive than first depositing a stablecoin via another method.
Is KYC verification mandatory on Bitget?
Yes, as of October 2023, identity verification (KYC) is mandatory for all users to access all features of the Bitget platform, including trading and withdrawals.
How does the Copy Trading feature work?
Bitget's Copy Trading allows you to automatically replicate the trades of experienced, successful traders on the platform. You can choose a trader to follow based on their performance statistics, and a portion of the profits you make from their copied trades is shared with them as a commission.
What are the main risks of using Bitget?
The primary risks are common to most centralized exchanges: potential cybersecurity breaches (though mitigated by a Protection Fund), regulatory changes affecting operations, and the inherent volatility of cryptocurrency markets. Furthermore, as it's based in the Seychelles, user legal recourse may be different compared to exchanges regulated in the EU or US.
Can I use Bitget Wallet without the main exchange?
Yes, the Bitget Wallet is a separate, non-custodial Web3 wallet that can be used independently to store crypto assets and interact with decentralized applications (dApps), even if you don't have an account on the Bitget exchange.