Bitget: The exchange platform with enormous potential

With the rapid rise of cryptocurrencies and the exchanges that accompany them, it is essential to ensure that we use reliable and secure services.

Among the many platforms available on the market, bitget attracts the interest of traders and investors. But the question that arises is: Is Bitget a reliable platform for investors to use?

In this article, we take a closer look at Bitget, evaluating its reputation, security, and regulations, to determine if it can be considered a trustworthy platform.

Bitget Overview 

If you've never expected to talk about bitget do not worry. Launched in 2018, Bitget is one of the platforms that has remained unknown for a long time in the crypto market. However, after the sudden closure of the FTX platform, many users turned to Bitget.

Indeed, the two platforms are very similar in terms of functionalities. Thus, the Bitget platform has become one of the main exchanges in the world. According to CoinMarketCap, Bitget would be in the top 5 of crypto-trading platforms on derivative products.

Bitget has over 8 million users in over 100 countries and regions. At the time of writing, its spot trading volume in the last twenty-four hours is over $794. Similarly, the platform is publishing “ Proof of reserve » regularly to ensure the security of customer funds.

Since September 2021, the entity has signed a partnership with the Argentine football star, Lionel Messi, as ambassador of the platform.

Where does this dazzling success of Bitget come from?

Having remained hidden from view for a long time, many people discovered it at the summit. It can be suitable for all types of users, from the simple initiated to the highly experienced trader. Indeed, Bitget has an impressive range of features as well as a large number of cryptocurrencies listed. 

Among the elements that facilitated the success of the platform, we can cite: 

👍 Reputation and User Experience : When it comes to choosing a cryptocurrency exchange, reputation plays a crucial role. In 2023, it is recommended to search for user reviews and feedback regarding Bitget. Forums, discussion groups and review sites can provide valuable information about the quality of services offered by the platform. It is important to take into account various opinions and consider factors specific to each user, such as ease of use, transaction reliability and customer service.

👍 Safety and protective measures : Security is a major concern in the world of cryptocurrencies, where losses can be irreversible. When evaluating Bitget in 2023, it is important to understand the security measures the platform has in place to protect user funds. Securing funds through secure offline wallets (cold wallets), two-factor authentication (2FA) and protection against cyber attacks is essential to establishing trust in a platform.

👍 Regulation and Compliance : Another important consideration is whether Bitget is regulated and compliant with financial laws and regulations. In 2023, it is recommended to check whether Bitget is subject to supervision by reputable financial authorities. The platform's regulations help establish clear standards and protocols for cryptocurrency exchange trading, which can improve user trust. Transparency in fund management, compliance with procedures KYC (Know Your Customer) and anti-money laundering are essential elements to consider when evaluating Bitget.

How to create a user account on Bitget?

As is often the case, to be able to access Bitget's many services, it is imperative to create a user account. To do this, nothing could be simpler, follow the following steps:

1. Visit the official website “bitget.com” and click on the “Register” button at the top right of your screen. You can add our referral link to benefit from a discount and earn a bonus.

2. Enter your email, a secure password and confirm the latter in the respective boxes. If you prefer to use a phone number, click “Mobile registration“. Once you have completed these steps, check the box “I have accepted the terms of use” and click on the “Register” button.

3. To finalize the opening of your account, complete the CAPTCHA to prove that you are not a robot/bot. All you have to do is enter the code received by mobile or email.

After these three clicks, you will have created your account. You will now be able to start trading with a daily withdrawal limit of 20 Bitcoin. However, to benefit from the full potential of the platform, you must perform KYC (Know Your Customer).

Secure your account with two-factor authentication (2FA)

This is the last step in this great journey: securing your account. By default, two-factor authentication (2FA) is enabled based on your choice at the time of registration. As a reminder, 2FA two-step verification will be required to log in, make withdrawals, recover passwords, etc. But, you can absolutely modify this parameter. For that : 

1. Go to your customer area and click on “Security settings”.
2. Now you can use an email, a phone number or even the Google Authenticator application. To minimize attempts to hack your account, do not hesitate to also activate the anti-phishing code or another password to access your funds.

Bitget’s token, BGB

Like Binance with BNB, Bitget also has its own token, BGB. At the time of writing, this token is trading on the market at $0,4576. With a market capitalization of $661 million. The usefulness of this token is to benefit from exclusive advantages which we will review.

One of the main services linked to holding the token is the reduction of fees on the platform. The other service is the possibility of participating in the Bitget Launchpad. This section of the site brings together new and original projects linked to the web3 ecosystem selected by their teams of analysts. To access it, go to the “Earn” section.

By holding this token, you have the opportunity to invest in innovative projects with solid fundamentals, pre-selected by competent teams, in advance. That is, you could get tokens before the general public. But, although analysts have done your work, it is still necessary to carry out your own research (DYOR) before investing in a potential token.

–>Read the article: The 5 sites to do your own research (DYOR) like a PRO

How to make money with Bitget?

Like most exchanges in the ecosystem, Bitget allows you to earn money in different ways. There are more than 12 methods to make money with your cryptocurrencies on the Bitget platform.

It is therefore possible to put your funds to work and obtain attractive returns. Indeed, the broker uses many protocols of the CeFi and DeFi in order to offer you the best possible returns. Of course, we must never forget that zero risk does not exist, but the presence of reasonable returns is a guarantee of quality. 

To earn money with Bitget, simply go to the “Earn” section. Once there, three options are available to you. 

👍 The “Savings” service: this allows you to flexibly stake your liquidity. There is no fixed duration for your investment. Additionally, you have the option to withdraw your funds at any time. Thus, a predefined list of cryptocurrencies is made available to you. It allows you to obtain advantageous returns while minimizing the risk involved. Furthermore, for each token, you have the associated interest rate called APY (Annual Percentage Yield).

👍“BGB Staking ” allows you to stake the eponymous token and receive your rewards in this same form. Unlike the flexible savings presented above, this investment has a fixed duration. That is to say, you can only withdraw your funds at the end of the deadline set at the time of subscription. Therefore, the returns presented are necessarily more attractive. 

👍 You have the launchpool and the launchpad. Thanks to it, you can enjoy the yield farming and staking rewards in a flexible and secure manner. Since these pools are ephemeral and highly coveted, the returns are often much more attractive. For the launchpad, this is a way to be able to invest in tokens before their official launch.

These are just a few ways to grow your cryptocurrencies. Take the time to study the best options for you, according to your profile and your budget.

Copy trading on BitGet

Copy trading on Bitget offers users a unique opportunity to profit from the cryptocurrency market by following the strategies of experienced traders.

Copy trading on Bitget offers a simplified way to participate in cryptocurrency trading, while learning strategies from more experienced traders to improve their skills and increase their chances of success.

This social trading platform allows users to automatically copy trades made by seasoned traders, allowing them to benefit from their expertise and success in the market. With this feature, even novice investors can access the financial markets with greater confidence, by following successful traders.

What are the fees on Bitget?

The Bitget platform applies different types of fees, which are however among the cheapest on the market, namely:

1. Transaction fees: These fees are applied to each cryptocurrency purchase or sale transaction. They may vary depending on trading volume, order type (limit or market) and other factors.
2. Withdrawal Fees: When you withdraw your funds from the Bitget platform to an external wallet, a withdrawal fee may be applied, which will depend on the specific cryptocurrency you are withdrawing.
3. Deposit Fees: Although many platforms do not charge fees for cryptocurrency deposits, some may apply fees on deposits made via specific payment methods, such as credit cards.
4. Other Fees: There may be other fees associated with specific services on the Bitget platform, such as lending fees, staking fees, API usage fees, etc.

It is important to check the specific fees on the Bitget platform depending on the pairs you are using. You should also remember that BGB tokens allow you to reduce fees. Fees may be subject to change, so be sure to check for updated information directly on the Bitget website or by contacting their customer service for the most up-to-date information regarding fees.

Conclusion 

The decision to consider Bitget as a trading platform reliable is based on an evaluation of its reputation, its security and the services it offers. Bitget is a pleasant platform offering a wide range of services to grow your cryptocurrency assets.

This can be a good option for people looking for a derivatives and futures trading platform.

It is also important to remember that investments in cryptocurrencies always carry risks. It is wise to diversify your investments and exercise caution in all transactions. Please note that this article is purely informational and does not constitute financial advice.