Bitget is one of the largest centralized cryptocurrency exchanges in the world and, for a great many traders, the single best-known venue for copy trading — the feature that lets you mirror a professional trader's positions automatically with your own capital. Founded in 2018 and now serving well over 100 million registered users across more than 150 countries, Bitget pairs deep spot and derivatives liquidity with a social-trading layer that very few competitors can match. If you have ever wanted exposure to perpetual futures without building your own strategy from scratch, Bitget is usually the first exchange people point you toward.
What is Bitget?
At its core Bitget is a full-stack crypto exchange: spot markets, perpetual and dated futures, an Earn suite, a Launchpad/Launchpool for new tokens, an on-chain Web3 wallet, and a native token, BGB, that ties the whole ecosystem together. But the thing that distinguishes it from the pack is scale on the social side. Bitget runs what is widely regarded as the largest copy-trading marketplace in the industry, with hundreds of thousands of "elite traders" whose performance you can browse, filter and follow with a single tap. That is the feature most people sign up for, and it is the lens this review keeps coming back to.
Like every centralized exchange, Bitget is custodial. When you deposit, the platform holds your assets and you trade against its order book and matching engine; you do not hold your own keys the way you would on a decentralized perp DEX. That custody is a convenience — fiat on-ramps, instant fills, no gas, password recovery, a polished mobile app — but it is also the central trade-off. You are trusting Bitget to remain solvent and to honour withdrawals, which is exactly why its Protection Fund, proof-of-reserves and regulatory standing get a full section below. We will be honest about the upside and the risk.
Bitget settles perpetual funding on the standard eight-hour cadence used by most major CEXs, which matters for the strategy this whole site is built around. Because Bitget computes its own funding rate, the same asset can pay a meaningfully different rate on Bitget than on another exchange at the same moment — and that gap is a delta-neutral, market-neutral edge you can harvest. This review walks through everything you need before signing up: what Bitget is, its key metrics, the copy-trading and product features that define it, the BGB token and its aggressive burn model, the fee schedule, security and the real risks, a step-by-step on getting started, and how its funding rates stack up against other venues for arbitrage.
Bitget key metrics (2026)
Bitget consistently ranks among the top handful of centralized exchanges by derivatives volume and open interest, and its perpetual order books on majors are deep enough to size into without the slippage that plagues thinner venues — which matters far more for arbitrage than a headline funding number on an illiquid market. The figures below are pulled live from ORBIT's own data so they never go stale: total open interest across the Bitget perpetual markets we track, 24-hour volume, the number of markets, the average funding across them, and the base fee. The second table lists the deepest individual markets by open interest — those are the ones you can realistically enter and exit at size, and they are where almost all profitable funding spreads actually live.
| Property | Detail |
|---|---|
| Exchange type | Centralized exchange (custodial) |
| Founded | 2018 |
| Headquarters | Seychelles (global operations across 150+ countries) |
| Users | 100M+ registered users worldwide |
| Products | Spot · perpetual & dated futures · copy trading · Earn · Launchpad · Web3 wallet |
| Signature feature | Copy trading — among the largest such marketplaces in crypto |
| Margin | USDT-margined and coin-margined perpetuals |
| Funding interval | 8 hours (standard CEX cadence) |
| Native token | BGB (Bitget Token) |
| Custody | Custodial — Bitget holds your funds |
| KYC | Required for full access (identity verification) |
| Reserve transparency | Monthly Merkle-tree proof of reserves + Protection Fund |
Live Bitget metrics are momentarily unavailable — see the up-to-the-minute figures on the Bitget markets page.
Bitget key features for traders
Bitget's feature set is broad, but it is organised around one idea: lower the barrier to active trading. The flagship is copy trading, and it is genuinely best-in-class — but the surrounding toolkit (deep futures, a clean mobile app, an Earn suite and a Web3 wallet) is what keeps users on the platform once copy trading brings them in.
Everything below sits on a single custodial account, so funds, margin and copy positions are managed in one place. That is the convenience of a CEX — and, as the safety section explains, also the reason custody and counterparty risk deserve real attention.
- Copy trading (the headline): browse a marketplace of hundreds of thousands of vetted "elite traders," filter by ROI, drawdown, win rate and assets traded, then mirror their futures or spot positions automatically with one tap. You set how much capital and risk to allocate, and profitable lead traders earn a share of your gains — aligning their incentives with yours. For anyone who lacks the time or expertise to trade perps directly, this is the entire reason to choose Bitget.
- Deep perpetual & dated futures: USDT-margined and coin-margined perps across hundreds of markets, with cross- and isolated-margin modes, high leverage and the order types (limit, market, stop-loss, take-profit, trailing) you need to manage a delta-neutral leg properly.
- Spot trading & conversions: a large spot market with fiat on-ramps and instant convert, so you can fund a perp position, run a spot-perp basis trade, or rotate between assets without leaving the platform.
- Earn suite: flexible and fixed savings, staking, dual-investment and structured products to put idle stablecoins to work between trades — useful for parking the collateral you are not actively risking.
- Launchpad & Launchpool: early access to new token sales and farming opportunities, frequently gated behind holding or staking BGB, which is one of the token's core utilities.
- Bitget Wallet (Web3): a self-custody wallet and DEX aggregator for on-chain activity, bridging the gap between the custodial exchange and the wider DeFi ecosystem.
- Polished mobile app + full API: a well-regarded mobile experience for retail plus complete REST and WebSocket APIs for bots and automated funding-arbitrage strategies.
- Transparency tooling: monthly Merkle-tree proof of reserves and a large, publicly reported Protection Fund — the closest a custodial venue gets to letting you verify it is solvent.
Bitget sign-up bonus & fee discount
BGB (Bitget Token) is Bitget's native exchange token, and it is one of the more aggressively deflationary platform tokens in the market — which makes it a "sign-up perk and fee-discount" story rather than a points-farming one. There is no airdrop to chase here in the way you would farm a pre-TGE perp DEX; BGB is already live and liquid. The reason to care about it is utility: holding BGB gets you reduced trading fees, and it unlocks tiers of platform perks — Launchpad/Launchpool access, VIP privileges, Earn boosts and more. If you trade on Bitget regularly, holding a working balance of BGB is a straightforward way to lower your effective fee.
What makes BGB structurally interesting is the burn model. In late 2024 Bitget executed a one-time burn of 800 million BGB — roughly 40% of supply — cutting the effective total from 2 billion down to about 1.2 billion tokens, with the large majority now in circulation. On top of that, Bitget runs an ongoing quarterly buyback-and-burn: a share of platform profits (reported around 20%) is used to repurchase BGB on the open market and destroy it, permanently removing it from supply. That ties token demand to actual platform usage — more volume and more profit means more sustained buy-and-burn pressure — and it is a far cleaner value loop than tokens whose only support is endless emissions.
For a delta-neutral funding trader, the practical takeaway is simple: BGB is a fee-optimisation tool, not the reason you are on Bitget. Hold enough to capture the fee discount on the volume you actually trade, but treat any larger BGB position as a separate, directional bet on Bitget's growth — it is a volatile asset, and mixing it into your arbitrage book muddies your risk. The reason to be on Bitget is the copy-trading marketplace, the perp depth, and the cross-exchange funding spreads you can harvest against it. (If you specifically want a venue with a farmable airdrop, see our best perp DEX for points farming guide instead.)
| BGB token | Detail |
|---|---|
| Status | Live (listed) — Bitget's native exchange token |
| Supply | ~1.2B effective total after the 2024 burn (down from 2B) |
| Major burn | 800M BGB (~40% of supply) burned in late 2024 |
| Ongoing burn | Quarterly buyback-and-burn funded by a share of platform profits |
| Utility | Trading-fee discounts · Launchpad/Launchpool access · VIP & Earn perks |
| Airdrop still farmable? | No — the token is already live; this is a fee/perk play |
Bitget trading fees
Bitget charges 6 bps taker and 2 bps maker on perpetuals. On a round-trip — entry and exit, and across two venues if you trade delta-neutral — those fees are the first thing any spread has to overcome. ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net, not headline.
In context, those perpetual base fees — 6 bps taker, 2 bps maker — are competitive with the other large centralized exchanges and lower than Bitget's own spot fees. They fall further as your 30-day volume rises through the VIP tiers and when you hold or pay fees in BGB; at the top VIP tiers the taker fee drops substantially and the maker fee can go to zero. For most retail-sized funding-arbitrage trades you will pay close to the base taker rate, so the round-trip math below is the conservative case. The number that actually decides whether a trade works is the round trip across two venues: you pay taker on entry and exit on each leg, and a funding spread has to clear that total before a cent of it is yours.
| Cost component | Bitget | Note |
|---|---|---|
| Perp taker fee | 6 bps (0.06%) | Base VIP0; lower with 30-day volume + BGB |
| Perp maker fee | 2 bps (0.02%) | Base VIP0; can reach 0 at top tiers |
| Round-trip taker (one leg) | ~12 bps | Entry + exit on Bitget |
| Round-trip, both legs of a pair | ~24 bps + other venue | What a spread must clear to profit |
| Funding settlement | Every 8 hours | Paid/received three times a day |
Funding rates on Bitget
Bitget settles funding every 8h. Funding is the payment between longs and shorts that anchors the perpetual to spot — and because every venue computes its own rate, the same asset can pay very differently on Bitget than on another exchange at the same moment. That gap is a tradeable, delta-neutral edge.
Is Bitget safe?
Bitget is a custodial exchange, so the honest starting point is that you are trusting it with your funds — the same model that has burned users on collapsed venues over the years. The reassurance Bitget offers is transparency and a large buffer. It publishes a monthly Merkle-tree proof of reserves, which lets you cryptographically verify that your balance is included in the exchange's reported holdings, and its reported total reserve ratio has consistently sat well above 100% (commonly in the 150%+ range), meaning it claims to hold more than enough assets to cover all user deposits. For a custodial venue, that level of regular, verifiable disclosure is at the stronger end of the industry.
On top of the reserves, Bitget maintains a large Protection Fund — a dedicated pool of capital (reported in the hundreds of millions of dollars, backed in part by a substantial BTC holding) earmarked to compensate users in extreme, unforeseen events. Bitget publishes regular valuation reports on this fund, so its size is auditable rather than a marketing claim. Combined with proof of reserves, this is the kind of self-insurance buffer that materially lowers — though it does not eliminate — the tail risk of trading on a custodial platform.
The honest caveats remain. A protection fund and a reserve ratio are commitments and disclosures, not a legal guarantee or government deposit insurance, and they can only do so much in a genuine black-swan event. Bitget is headquartered offshore and its regulatory status varies sharply by country — in some jurisdictions it operates under licences, in others access is restricted, and that picture changes over time. As with every CEX, a recurring user complaint is accounts being frozen or locked during compliance reviews, sometimes with slow support; keep this in mind, complete KYC cleanly, and never keep more on any exchange than your strategy actively needs. Custody is the cost of the convenience.
Bitget risks and considerations
- Custodial / counterparty risk. Bitget holds your funds. Proof of reserves and the Protection Fund lower this risk and make the exchange far more transparent than a black-box CEX, but they are not deposit insurance — if the platform ever became insolvent or halted withdrawals, your capital would be at risk. Only keep on the exchange what your active strategy requires.
- Account freezes and KYC reviews. A consistent complaint across CEXs, Bitget included, is accounts being locked during compliance or risk reviews, occasionally with slow resolution. Complete identity verification properly, avoid behaviour that trips fraud heuristics, and do not park funds you might need urgently.
- Regulatory uncertainty. Bitget is headquartered offshore and its legal status differs by jurisdiction; rules, available products and even access can change. You are responsible for your own compliance, and a regulatory action in your country could affect your ability to trade or withdraw.
- Copy-trading risk. Mirroring another trader does not remove risk — it transfers your decision-making to someone whose future results are not guaranteed by their past ROI. Lead traders can blow up, over-leverage, or change style; size copy allocations conservatively and treat historical performance as marketing, not a promise.
- BGB token volatility. If you hold BGB for fee discounts or exposure, it is a volatile asset and can draw down sharply. Holding it is a separate, directional bet from trading perps delta-neutral, and it should be sized as one.
- Per-leg liquidation risk. In a delta-neutral pair the danger is not market direction but one leg moving against you before you rebalance — if your short leg gets liquidated, you are suddenly net long. Conservative leverage and active monitoring of the mark price on both venues are essential.
How to get started with Bitget
- Open Bitget and create an account with an email or phone number, then complete KYC identity verification to unlock full deposit, withdrawal and trading limits.
- Deposit margin — buy USDT via the fiat on-ramp or transfer crypto in — and consider holding a small BGB balance to cut your trading fees. Start with a size you are comfortable learning on.
- If you want copy trading, open the copy-trading marketplace, filter elite traders by ROI, drawdown and win rate, and allocate a conservative amount to one or two before scaling. If you are trading the perps directly, place a small test order to learn the interface and how 8-hour funding settles.
- Open the Funding Screener and find an asset where Bitget's funding diverges from another venue; Bitget is tracked on ORBIT and the sign-up link is in the Trade tab.
- Confirm the net edge in the backtester — it replays real funding history and subtracts fees plus live slippage — then open equal long/short legs and collect the spread each settlement window.
Bitget vs Binance
The most common comparison for Bitget is Binance, the largest centralized exchange. Both are deep, custodial CEXs that settle funding on the same 8-hour cadence, so the contrast is less about mechanics and more about positioning: Binance has the deepest overall liquidity and the broadest market list, while Bitget differentiates on its copy-trading marketplace, its aggressively deflationary BGB token, and frequently more generous fee promotions and sign-up incentives for active traders. For funding arbitrage you often do not have to choose — you long the lower-funding venue and short the higher one, and because both compute their own rate, a Bitget-vs-Binance spread on the same asset is one of the more accessible CEX-to-CEX trades for a retail account. See the live side-by-side — funding, fees, open interest and token status — on the Bitget vs Binance comparison.
Bitget review: verdict
Bitget earns its reputation as the go-to venue for copy trading — its social-trading marketplace is genuinely best-in-class, and for traders who want perp exposure without building a strategy from scratch it is hard to beat. Around that flagship sits a complete, well-run exchange: deep perpetual liquidity on majors, competitive 6 bps taker fees that fall with volume and BGB, a deflationary token backed by real buyback-and-burn, and the strongest transparency tooling a custodial venue offers — monthly Merkle proof of reserves and a large, publicly audited Protection Fund. The trade-off is the one every CEX carries: custody, KYC, offshore regulation and the occasional account-freeze complaint, so keep only what your strategy needs on the platform. For funding arbitrage it is a solid, liquid leg — pair it with a higher- or lower-funding venue, confirm the net edge in the backtester, and let the screener tell you when a Bitget spread is worth taking.