Bitget Review: Copy Trading, Futures & Fees

What is Bitget?

Founded in 2018, Bitget is a crypto exchange offering comprehensive trading services to its community of over 45 million users. As the largest global copy trading platform, it enables individuals to follow elite traders, potentially enhancing their investment outcomes without constant monitoring. It has daily trading volumes surpassing 10 billion USD.

It offers access to more than 800 cryptocurrencies for spot trading. Bitget also offers diverse futures trading options, including over 200 USDT-M, USDC-M, and Coin-M futures contracts. Additional services include trading bots, a demo account, staking, crypto loans, a Launchpool, NFT trading, a Bitget wallet and access to Web3 products.

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Bitget Features

Bitget offers a comprehensive range of tools and services tailored to crypto investors looking for diverse copy trading options and earning opportunities.

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Trading Types

Bitget provides multiple trading options that cater to different strategies, whether you're into spot trading, futures, or automated trading.

• Spot Trading: Users can buy and sell over 800 cryptocurrencies, including stablecoins, altcoins, memecoins, NFT tokens and AI coins.
• Futures Trading: The futures platform offers 200 USDT-margined, USDC-margined, and Coin-margined contracts, with leverage options up to 125x.
• Copy Trading: With the copy trading feature, clients can follow expert traders in both futures and spot markets. The platform allows users to replicate the strategies of top traders or even follow bots for automated trading.
• Trading Bots: Automate your trading with bots, including the Spot and Futures Grid Bots, which help users capitalize on market volatility by placing trades at set intervals.

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Earn Options

The earning products provide several avenues to generate passive income, allowing users to grow their crypto holdings with minimal effort.

• Savings: Earn daily returns on idle crypto assets through Bitget’s flexible and fixed savings products. You can manage your funds easily while enjoying steady yields between 1.6% - 12% APY.
• Staking: Users can stake assets, including Bitget’s native token (BGB), to earn rewards in both bull and bear markets, with guaranteed returns from 2.4% to 20% APY.
• Shark Fin: This product offers high yields with principal protection, ensuring users can earn competitive returns without risking their initial investment. Both Bitcoin and Ethereum options are available with APR ranging between 3.5% - 9%.
• Dual Investment: Bitget’s Dual Investment feature enables users to profit whether the market moves up or down by locking in crypto at a target price. The supported assets are BTC, ETH, BGB, XRP, BCH, SOL, AXS and DOGE.
• Wealth Management: For those looking for more personalized investment strategies, Bitget’s asset management service provides top-tier solutions to grow Tether with yields ranging between 4.52% and 10.00%.

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Additional Services

In addition to trading and earning, Bitget offers several features to enhance the overall user experience:

• Launchpad and Launchpool: The Launchpad and Launchpool allow users to lock in their tokens to access early-stage investment opportunities in new and exciting projects, often before they hit major exchanges.
• Bitget Wallet: This decentralized Web3 wallet ensures secure crypto transactions, making it easier to swap popular assets across various networks.
• NFT Marketplace: Bitget simplifies the buying and selling of NFTs, offering batch listings and supporting a wide range of tokens, giving users a streamlined experience with minimal fees.
• Bitget Card: The Bitget Card is an exclusive, invitation-only crypto credit card for VIP users, offering limitless spending with real-time crypto settlement, ATM withdrawals, and support for Google Pay and Apple Pay.
• Crypto Loans: This allows users to borrow cryptocurrencies by using their existing crypto assets as collateral, offering flexible or fixed loan terms with competitive interest rates and fast execution.

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Is Bitget Safe?

Bitget is a safe platform thanks to its robust security protocols, regulatory compliance, and transparent asset management. The exchange uses cold wallet storage, multi-signature authorizations, and advanced encryption to protect user funds and personal information. It also has Proof-of-Reserves, which transparently shows that the platform maintains a 200% reserve ratio.

The exchange operates under multiple global regulatory frameworks and holds several key licenses, such as:

• ‍An MSB Cryptocurrency Trading License from FinCEN, obtained on March 3, 2020, from the Financial Crimes Enforcement Network, ensures strict oversight of digital currency transactions and adherence to U.S. regulations.‍
• Bitget is registered as a Virtual Asset Service Provider (VASP) in Poland, allowing legal operation in the Polish market and compliance with European Union standards.‍
• Completed crypto registration in Lithuania, enabling it to offer services under the region's regulatory framework.

It follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to maintain compliance and safeguard users. While not available in all regions, Bitget remains committed to operating within regulatory guidelines where permitted.

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Bitget Fee Schedule

The exchange uses a tiered fee structure, offering discounted costs as users progress through VIP levels, which are determined by trading volume or asset holdings. 

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Spot Trading

Bitget provides competitive spot trading fees, starting at 0.1% for both makers and takers. As your trading volume or asset balance increases, you unlock progressively lower fees.

• Standard Fees: For most users, the base rate is 0.1% for makers and takers.
• VIP Discounts: High-volume traders can access lower fees, with the top-tier VIP 7 enjoying rates as low as 0.08% for makers and 0.02% for takers.

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Futures Trading

For futures trading, Bitget also offers tiered rates that decrease as users trade more frequently.

• Standard Fees: Futures trading fees start at 0.02% for makers and 0.06% for takers.
• VIP Levels: VIP users can enjoy reduced fees, with the highest VIP tier lowering taker fees to 0.016% and maker fees to 0.01%.

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BGB Token Discounts

Holding Bitget’s native BGB token gives users additional fee reductions across both spot and futures markets.

• Fee Deductions: BGB holders can get up to 20% off trading fees.
• VIP Benefits: Holding more BGB tokens allows users to progress faster through VIP levels, unlocking deeper fee discounts.

Bitget’s flexible fee structure accommodates casual and professional traders, rewarding higher trading volumes with significant cost savings.

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What is Bitget Card?

The Bitget Card is an exclusive crypto credit card designed for VIP users, offering unlimited spending power with real-time crypto settlements. Instantly accessible upon approval, the card is compatible with Google Pay and Apple Pay and is accepted by over 50 million merchants worldwide. It provides high spending flexibility, low foreign exchange fees, and uses USD denomination. 

As a Visa Platinum cardholder, you'll unlock additional perks and soon enjoy up to 5% cashback in BGB tokens on eligible purchases. With no need for top-ups and zero annual or application fees, the Bitget Card offers simple access to your crypto assets, including cash withdrawals at any Visa-supported ATM, all within a new loyalty program that provides greater flexibility.

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Is Bitget Available in the US?

Yes, Bitget is available in the US, operating under regulatory compliance with a Money Services Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN), ensuring adherence to US regulations and standards.

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Bottom Line

Bitget is a leading global crypto exchange known for its diverse trading options, including spot and futures markets and innovative copy trading services. With a multilingual interface, advanced tools, and strong regulatory compliance, Bitget offers a feature-rich platform.

Serving over 45 million users in more than 100 countries, Bitget accepts deposits in a wide range of currencies, making it accessible to traders worldwide.