Welcome to another edition of our head-to-head exchange comparison series, where we break down the top crypto exchanges to help our community figure out which crypto exchange is right for them. No two exchanges are created equal, and each has its strengths and weaknesses. Therefore, it is vital to find the proper exchange that fits your needs.
In this edition, we have the previous champion KuCoin, who holds the #4 spot as the largest exchange in the world behind Binance, Coinbase, and Kraken, versus the challenger Bitget, who is a real “OG” in the crypto space, one of the longest standing, most reputable, trusted, licensed and regulated exchanges in crypto.
So, does KuCoin have what it takes to break into the coveted top three, or is Bitget growing fast enough to keep taking market share away from KuCoin and keep them off the podium? That is exactly what the KuCoin vs Bitget review will explore and help you determine which of these two may be best for you.
If you want a deeper dive into either of these exchanges, feel free to check out our deep dive reviews below:
And if you would like to explore other exchanges, you may find the following article helpful:
And now, without further ado, let’s crack on!
KuCoin vs Bitget at a Glance
KuCoinBitgetHeadquarters:SeychellesSingaporeYear Established:20172018Regulation:Not regulated by any national licensing bodies. Legally operates as a Digital Assets Exchange under Seychelles lawUnited States-MSB License Money Services Business: FinCEN, U.S. Department of the Treasury
Canada- MSB License Money Services Business: FINTRAC
Australia- Digital Currency Spot License (DCE): AUSTRAC
Bitget holds additional licenses and is compliant in Brazil, Europe, Russia, India, Vietnam, Singapore, Philippines, Japan, and KoreaSpot Cryptocurrencies Listed:700+250+Native Token:KCSBGBMaker/Taker Fees:Lowest: -0.005%/0.025%
Highest: 0.1% / 0.1%Lowest: 0.08%/0.08%
Highest: 0.1%/0.1%Security:HighHighBeginner Friendly:Advanced trading concepts can be confusing for beginners. Many features and products on KuCoin may be overwhelming for new usersAdvanced trading concepts can be confusing for beginnersKYC/AML Verification:None for limited trading. Users will need to KYC to reach higher volume trading limitsNone for crypto trading and withdrawals up to 20 BTC.
KYC needed to purchase crypto, access copy trading and reach higher withdrawal limitsFiat Currency Support:Crypto can be purchased with 50+ fiat currencies supported through various integrated partners
Fiat withdrawals not supported.Crypto can be purchased with 45+ fiat currencies supported through various integrated partners
Fiat withdrawals not supported.Deposit/Withdraw Methods:Deposit– Buy crypto with 70+ payment methods such as card, bank transfers, Apple Pay etc. through third-party integrations. Crypto deposits accepted.
Withdraw– Crypto onlyDeposit-Purchase crypto via bank card or transfer via third-party companies, Apple and Google Pay
Bitget vs KuCoin
Further on in the review, we’ll take a closer look at each exchange individually, but first, we want to give you an overview of our findings by comparing KuCoin vs Bitget.
KuCoin has remained a top-five crypto exchange in trading volume for years and has remained a dominant player in the space. Especially popular among advanced crypto traders needing a professional-grade trading platform, KuCoin is especially dominant in the European and Asian markets.
Focusing on being an “all-in-one” crypto exchange similar to the likes of Binance and OKX, KuCoin also offers one of the best NFT marketplaces, an active launchpad, a robust earn platform, and a plethora of other products, offering something for pretty much any type of crypto enthusiast.
Praised for being the #1 altcoin exchange in the world and being among the first to list new project tokens, KuCoin is a favourite among altcoin gem hunters and is a common exchange for crypto users to have as a secondary or backup exchange to access when their primary exchange of choice does not list their favourite assets.
According to an interview with Yahoo Finance, KuCoin CEO Johnny Lyu says that the primary goal for KuCoin is to do more than just offer advanced trading tools and build an actual community around trading that will include education and social aspects. This is one reason that KuCoin has been dubbed, “The People’s Exchange.”
Turning our attention now to Bitget, Bitget is one of the quieter and “less flashy” exchanges in the industry, which has no doubt worked out in their favour in ensuring sustainability and survivability in the markets. Since 2018, Bitget has been quietly building and expanding in a sustainably paced effort, instead of coming out “guns-blazing” and blowing all their money on marketing and advertising campaigns like other exchanges that have now gone bankrupt and are at risk of insolvency.
Bitget focuses primarily on the trading aspect of things, providing a professional-grade trading platform and high-performance trading and matching engine, suitable for traders of all experience and skill sets. Though offering a flawless trading experience is their primary objective, Bitget also has an Earn platform, a launchpad, and has become a popular place for copy trading.
Bitget is praised for its licensing and regulatory framework, which places them among the most trusted exchanges in the industry. Bitget adheres to regulatory compliance in the United States, Canada, Australia, Brazil, Europe, Russia, India, Vietnam, Singapore, Philippines, Japan, and Korea.
If the crypto industry went up in flames and there was a mass purge and onslaught of regulations causing the forced shutdown of many offshore exchanges, Bitget would be one exchange I would place money on that would survive a nuclear-level anti-crypto crackdown.
Bitget vs KuCoin: Products Offered
I would have to say that Bitget and KuCoin are both fantastic options for any traders who want to take advantage of spot, derivatives, and margin trading.
Both platforms offer an advanced trading screen with all the technical analysis and charting tools that traders need to make well-informed trading decisions. For anyone looking to improve their technical analysis skills and improve their trading, be sure to check out Guy’s three-part series on how to perform technical analysis.
Both exchanges offer futures trading with up to 100x leverage for professional traders, the ability to buy crypto, KYC-free trading, an Earn platform, and a launchpad.
Where they differ is that KuCoin offers a better selection of tradeable instruments, a more robust Earn platform, leveraged tokens, and is the better platform for traders looking for competitions and trading contests, while Bitget has a better copy trading platform and outshines KuCoin from a security perspective.
Sign up to KuCoin for a 60% trading fee discount for life!
Bitget also places a stronger emphasis on security than KuCoin, having received 12 A+ ratings from SSL Labs, and has formed some solid partnerships with security firms, which we will cover in a later section.
Sign up to Bitget for 60% off trading fees, $20 free and up to $8k bonus
Warning : Trading with leverage is extremely high risk and is a tool best used by professionals. The Coin Bureau does not recommend using high leverage. Be sure to fully understand the risks of leverage before utilising the feature.
Here is a breakdown of the products and features available on Bitget:
Buy crypto with over 50 fiat currencies
“One Click” buying crypto and copy trading
Access an advanced trading interface for spot, margin and derivatives trading
No leverage on spot trading pairs, but up to 100x leverage on futures
Trade KYC Free
Here is what is featured on KuCoin:
Buy crypto with over 50 fiat currencies
Swap crypto easily with the “convert” feature
Access an advanced trading interface for spot, margin and derivatives trading
Trade leveraged tokens
10x leverage for spot trading up to 100x leverage for futures
KuCard crypto debit card
Crypto lending, Earn, and launchpad
Full-service NFT marketplace for buying, selling, minting, and investing in fractionalized NFTs
Both platforms offer zero-fee trading on select pairs and have published their Proof of Reserves and show that customer deposits are sufficiently collateralized.
KuCoin vs Bitget: User Friendliness
Both KuCoin and Bitget offer trading products and features that are better suited for experienced traders such as leveraged tokens/trading, derivatives, and auto trading bots. KuCoin and Bitget are well-suited for professional traders, though both platforms work just fine for beginner and average users that are looking to trade spot and access other features like staking and launchpads.
Beginner users will likely find Bitget a considerably more user-friendly platform out of these two. That is not a dig at KuCoin, it’s just that KuCoin offers such a robust platform full of products, features, and settings, that new users may find the platform cluttered and overwhelming. Bitget is cleaner and easier to navigate.
Both platforms have a handy and well-populated self-help section to help with any navigation issues or questions users may have.
If we focus the spotlight on the main trading interfaces themselves, both platforms will be familiar to experienced crypto traders. The UI/UX for both platforms is great and the trading execution, matching, and trading engines are as high-quality on both exchanges as you will find anywhere.
The trading interfaces for both platforms are quite similar, with the charting functionality on both platforms being powered by the incredibly all-encompassing TradingView, which has become industry standard among the most professional crypto exchanges.
Both platforms support advanced charting and order functionality, as well as order types suitable for sophisticated traders and those with more comprehensive trading needs. We will look at the trading interfaces further on in this review.
As both Bitget and KuCoin are top ten exchanges in derivatives trading volume, liquidity will not be an issue for any deep-pocketed or institutional traders needing to place large orders.
Bitget vs KuCoin: Fees
Fees are one way in which these two platforms differ. In fact, Bitget takes quite a different approach to fees than most exchanges in the industry.
Neither KuCoin nor Bitget will cost an arm and a leg to use and both offer low trading fees and offer free crypto deposits.
Most exchanges use a tiered fee structure based on 30-day trading volume to determine fees, while Bybit fees are as follows:
Spot: Fixed fee of 0.1% for maker and taker
Futures: 0.02% maker/0.06% taker
Bitget trading fees can be reduced up to 20% for traders who choose to pay fees with the platform’s BGB token, and fees can be further reduced by up to 60% if you use our Bitget sign-up link.
Crypto withdrawal fees on Bitget will vary depending on the asset and network. you can find the entire breakdown of fees on the Bitget Fees Page.
KuCoin utilizes the above-mentioned Maker/Taker fee model based on a customer’s trading volume and/or assets held.
Here is a look at KuCoin fees:
Traders on KuCoin can further reduce their trading fees by up to 20% if they choose to pay fees in the platform’s KCS token, and can reduce their fees an additional 60% if they use our KuCoin sign-up link.
In 2021, crypto exchange king Binance waged a war on the crypto industry, shocking everyone by offering fee-free trading on multiple pairs. Since then, both KuCoin and Bitget have responded in kind and now also offer fee-free trading on select pairs.
Though trading fees are nice and low on both platforms, the largest criticism against both is that neither one natively supports bank deposits and crypto purchases, nor fiat-to-bank withdrawals. Both KuCoin and Bitget facilitate crypto purchases through third-party payment providers, many of which often charge higher than average fees for crypto purchases.
This is in contrast to exchanges such as Binance, Kraken, Coinbase, and others, which can accept bank deposits and wire transfers for very little, or no fees, making crypto purchasing incredibly fee-friendly.
Both platforms do offer a few $0-fee purchase and deposit methods that are worth looking out for, look for things like this on these platforms to make sure you are getting the best bang for your buck:
KuCoin vs Bitget: Security
Both KuCoin and Bitget place a strong emphasis on security as any good exchange should. KuCoin states that their crypto is kept in cold storage but does not say what percentage, and they have partnered with a company called Onchain Custodian to help ensure the crypto on the exchange is secure.
KuCoin is also covered by a protection fund to reimburse customers from hack events resulting in loss of funds, which is fortunate as the KuCoin exchange did experience one of the largest exchange hacks in history in 2020, where hackers made off with over $275 million worth of customers’ funds. Luckily, all the customer funds were reimbursed.
KuCoin offers a mix of security procedures and protocols at the system and operational levels. KuCoin security offers the following options and features:
2FA for login
Anti-phishing safety phrase
Login safety phrase
Activity monitoring on the system
Email binding and notifications for suspicious activity
Whitelisting IP addresses.
Bitget security is pretty robust, going above what many exchanges are willing to achieve. Placing most funds in cold storage, out of the reach of hackers, Bitget utilises multi-signature authorisation for withdrawals and internal fund transfers to ensure protection against suspicious transactions and compromised internal employees.
Bitget has also achieved 12 A+ ratings from SSL Labs for their comprehensive security procedures and has partnered with multiple security firms such as Qingsong, Armors, HEAP, and Suntwin, to provide extensive security monitoring and audits.
This alone makes Bitget one of the most secure crypto exchanges in the industry, coupled with their licensing and regulatory compliance, Bitget is able to satisfy the most security-minded crypto users.
From a cybersecurity perspective, Bitget has been listed on CER and ranked as a top 10 exchange in terms of security in 2020, measured by CER’s cybersecurity score (CSS).
Though I should mention that Bitget has since dropped out of the top ten rankings and now holds a BBB score with a 3/3 star rating. From a customer perspective, here are the features users can take to secure their accounts:
2FA for login, withdrawals and account modifications
Whitelisting IP addresses.
Though Bitget has security on the back end handled, it would be nice to see them offer more user-facing security options such as IP whitelisting, time locks, vault features, heck, even anti-phishing codes would be an improvement. They could definitely up their game here.
Okay great, now that we have covered the head-to-head, let’s look into each exchange a little closer.
What is KuCoin?
KuCoin was one of the first crypto exchanges to cater to serious traders, offering an advanced trading platform and futures trading options. KuCoin also gained mass adoption by supporting an impressive directory of altcoins, with many cryptocurrency enthusiasts turning to KuCoin to pick up rare altcoins as they are often supported on KuCoin well before many other exchanges.
KuCoin has been providing high-quality and reputable services since launching in August 2017 but has a history dating back to 2011, when the founding team members first began working in the early days of blockchain technology. The team began KuCoin’s design back in 2013, but the platform wasn’t launched for years until the team felt it was polished enough for the market and met the team’s expectations. Talk about perfectionism!
Since 2017, the platform quickly rose in adoption and has become a favourite for its gamified, almost Vegas-like trading competitions, promotions, and giveaways. Once launched, KuCoin branded itself as “The People’s Exchange” because of its heavy emphasis on user experience.
KuCoin is also popular as they have very low fees, a platform interface suitable for pros and beginners, institutional-grade security, and several other services that can be difficult to find elsewhere. Their peer-to-peer trading service has also become popular.
Many traders who do not want to submit KYC identification verification choose KuCoin over any other large exchange if they only want to purchase coins and do not anticipate high trading volumes. The limits for trading amounts and KYC verification are as follows:
Fiat and Cryptocurrencies Available on KuCoin
KuCoin is one of the most “global-friendly” exchanges regarding fiat support, boasting support for an impressive 50 different fiat currencies. Users from exotic locations are likely to opt for KuCoin as they know what a pain it can be to use an exchange that doesn’t support their local currency and need to exchange funds and get hit with nasty conversion fees.
As mentioned, KuCoin also supports an incredible list of 750+ crypto assets, making it an excellent exchange for rare altcoin gem hunters. KuCoin’s support area has a dedicated page for supported fiat currencies, and supported crypto assets and Futures markets.
Now we will dive into the most pertinent features and products offered on KuCoin. Note that there are too many to go through everything here, so we will cover the highlights. You can learn more about KuCoin in our dedicated KuCoin Review.
KuCoin Trading Platform
KuCoin features a best-in-class trading platform that is intuitively designed and highly functional, suitable for professional investors and used by every type of trader from beginner to institutional.
Traders can access spot markets with 10x leverage, and derivatives markets with leverage as high as 100x. Though KuCoin is geared towards advanced users and has an apt advanced trading interface to cater to them, it also features a simple one-click “Convert” feature, which offers a simple way to swap one coin for another.
Here is a look at the KuCoin trading interface:
Powered by the massively useful charting platform TradingView, KuCoin is suitable for technical analyst traders, and the high-calibre trading and matching engine ensures a flawless trading experience.
Feel free to check out the video below where Guy put together a fantastic beginner’s guide to get you started using KuCoin like a pro.
KuCoin Futures Brawl
Futures Brawl began as a promotion in August 2020, and it remains on the platform ever since because of its popularity. Users became hooked as they could win prizes such as an iPhone, a full Bitcoin, and cash prizes. Additionally, users can participate by betting USDT on whether they think Bitcoin price will increase or decrease. Bets can be placed once per day, and there is a Wheel of Fortune to spin daily for a chance to win extra points.
P2P Fiat Trading
KuCoin users can buy and sell major cryptos like BTC, ETH, USDT, USDC and KCS peer-to-peer directly with other members. This can be done via ACH and PayPal.
KuCoin has one of the most comprehensive Earn sections of all the exchanges, with plenty of Earn products for users to earn passive income on their crypto holdings.
There are low-risk and high-risk products ranging from simple save and staking, to more advanced products such as the Spotlight launch platform, KuCoin Pool, and KuCoin Win.
Users on KuCoin can also earn extra APY from lending out their crypto to other traders or by participating in Pool-X. Traders can lend out their crypto for 7, 14, or 28 days.
The KuCoin Spotlight is a fantastic launchpad for investors who are interested in getting into a project early and picking up tokens early before they hit mainstream adoption.
By committing KuCoin’s KCS tokens for different launch events, users can access deep discounts on tokens from projects that are new in the industry. This is a similar concept to the Launchpads featured on other platforms like Binance and Bybit.
Because KuCoin is one of the largest exchanges in the world, their launchpad attracts some of the best projects for investors to speculate on. Getting into tokens early before the projects gain mainstream popularity is one of the best ways to increase your ROI in crypto, but early project investing also comes with higher levels of risk.
KuCoin takes an interesting and unique approach to NFTs when compared to other platforms.
Through KuCoin’s Windvane platform, users can buy, sell, and swap NFTs, gain access to NFT airdrops, earn dividends of commission income, and get whitelisted access to NFT launches.
Windvane is a fairly standard NFT platform, featuring some excellent collections. Where things get interesting is through KuCoin’s Wonderland. Wonderland is an NFT launchpad, similar to the standard project launchpads that have existed for a while but are for NFTs.
Instead of projects having their coins listed, on Wonderland, projects can launch their NFTs, providing investors and NFT enthusiasts with early access to NFTs before they become available outside of the KuCoin ecosystem.
Another way that KuCoin is innovating in the NFT sector is with its NFT fractionalization platform:
Fractionalized NFTs are ideal for investors who want exposure to blue-chip NFTs but don’t want to pay the exorbitant prices that come along with some of the premium collections.
KuCoin Leveraged Tokens
Leveraged tokens have become a popular tradable asset on many exchanges with KuCoin also offering this innovative product.
Leveraged tokens are crypto assets with features of leverage built directly into them. This allows traders to access a reasonable amount of leverage, without the liquidation risks or complexities associated with margin trading.
KuCoin Win attracts traders who enjoy trading contests and giveaways. KuCoin is like the Las Vegas of crypto exchanges, with its robust Win products and gamified trading competitions and contests.
Win combines gamified entertainment with token listings, providing KuCoin users with another method for gaining access to those coveted initial token distributions.
LuckyRaffling is also part of the Win platform, where traders can participate in a lottery-style game and swap crypto for codes that are drawn for the chance to win some great prizes.
KuCoin Trading Bots
KuCoin is one of the top exchanges offering access to automated trading bots. There is a massive selection of crypto bots available that users can copy, or they can create their own with no coding skills necessary.
Trading bots can be invaluable for skilled and experienced traders who understand and can recognise the proper market conditions in which to deploy the bot, and can make for great trading assistants.
You can learn more about the risks of trading bots and why they are not simply money printers as they are often portrayed by checking out our article on Crypto Trading Bots.
If you are interested in exploring trading bots and automated trading further, I recommend checking out 3Commas and our Top Trading Bots article. Feel free to take advantage of our 3Commas sign-up link, which gets you a 3-day free trial and a 50% discount if you choose to sign up.
Types of Accounts and KuCoin Fees
There is only one type of account on KuCoin, which will fall under one of 13 different tier levels depending on a trader’s 30-day trading volume and/or KCS tokens held.
Here is a look at the tier levels and KuCoin fees:
Here is a look at Futures trading fees:
KuCoin is beloved for being one of the most fee-friendly exchanges in the space, especially among large-volume traders as the fees become very low, or even negative at the higher tiers.
As for deposits and withdrawals, crypto deposits are free, though purchasing crypto with a card can see some higher-than-average fees of 2-8%. It is a good idea to always use bank transfer options when they are available. Crypto withdrawals vary depending on the token and network. Up-to-date fees can be found on the KuCoin Fees Page.
Resulting from the unfortunate hack incident in 2020, KuCoin significantly enhanced its security framework, creating a solid exchange from a security perspective.
Placing the majority of funds in cold storage wallets, KuCoin ensures that funds are held offline and out of the reach of hackers, viruses, and malware. They have also partnered with Onchain Custodian, a crypto-security firm to further ensure the safety of funds on the platform. In the unlikely event of a hack resulting in loss of funds, KuCoin also has funds set aside to reimburse customers.
The platform features encryption technology and there are a number of control departments providing 24/7 exchange monitoring to help identify any suspicious activity.
Users on KuCoin can take advantage of these extra security measures to further protect their accounts:
Anti-phishing safety phrase
Login safety phrase
Restrict login IP address
Everything you need to know about KuCoin security can be found in the KuCoin Security Blog Article
And that covers a high-level overview of KuCoin. KuCoin has remained a dominant exchange in the crypto industry for years as it truly is a fantastic place for traders who are looking for one of the best selections of tradeable assets, trading bots, trading contests and more.
Aside from KuCoin’s primary weakness being a lack of fiat offramp, it is difficult to find a better platform.
What is Bitget?
Established in 2018, Bitget is a cryptocurrency exchange that is popular among spot and derivatives traders. Supporting over 250 tradable pairs, Bitget is one of the most licensed, secure, and reputable exchanges for KYC-free trading.
Bitget also features multiple features aside from trading such as Earn, Copy Trading, and Strategic trading, all of which will be covered further on.
Suitable for users located around the globe, Bitget supports an impressive list of 42 different fiat currencies, with all crypto purchases being facilitated through third-party purchase providers such as Simplex, Banxa, and others.
The Bitget exchange is located in Singapore and boasts a user base of over 2 million people. The exchange has had a turbulent history, being one of the major exchanges in 2020 and 2021, becoming the #5 largest exchange in the world with roughly 10 billion worth of trading volume, Bitget was a familiar name among crypto traders.
During the early months of the brutal 2022 bear market, they dropped as low as the #64 spot with a mere $365 million in trading volume. Since the collapse of FTX, it is evident that traders are searching for safe and reputable exchanges and are flocking to Bitget in droves as they have had a meteoric recovery and are currently sitting at the #12 position for spot and #5 position for derivatives trading in terms of trading volume.
This is just a theory on my part, but I believe that the immense drop in trading volume was the direct result of a lack of marketing efforts on Bitget’s behalf. With multiple exchanges such as FTX, Coinbase, and Crypto.com beating their chests and paying out millions in marketing campaign efforts, Bitget simply kept its head down and continued doing what they do best, which is to provide a secure and safe trading platform.
It would appear that in the fabled race between the tortoise and the hair, Bitget was the tortoise and played things safe as other companies spent unsustainable amounts during the bull run and collapsed as they became insolvent during the crypto winter of 2022.
Cryptocurrencies Available on Bitget
Bitget has a good selection of over 250 cryptocurrencies available between the spot and derivatives market. This includes the majors like Bitcoin and Ethereum of course, along with many smaller project tokens. You can find a full list on Bitget’s Market page.
You can find a more detailed breakdown of the different products available in our dedicated Bitget review, but here are the highlights.
As covered previously, Bitget provides a solid trading platform thanks to the TradingView integration and Bitget’s professional-grade trading and matching engine. One of the major criticisms against Bitget is that they do not offer margin trading on spot markets, something we are seeing becoming more common among regulated exchanges.
For advanced traders, Bitget offers USDT-M Futures, USDT-M Demo, Coin-M Futures, Coin-M Futures Demo, USDC Futures, and Simulated USDC Futures.
Bitget supports the following position modes:
Cross- All available funds in the futures account can be used as margin to share risks, making it more resilient to losses
Isolated- The risk of each position will be calculated independently.
As for order types, traders can select the following options:
Trigger- via trigger or post only
Here is a look at the Futures trading interface:
In addition to a fantastic trading experience on desktop, Bitget also has a highly rated mobile app for traders who like to monitor their trades on the go.
Many exchanges offer multiple products that allow users to earn passive income on their holdings, Bitget is no exception.
Bitget falls a bit flat in this category to be honest, with one of the more bare earn sections out of the major exchanges. This seems to be another trend with regulated exchanges, as was showcased when Coinbase was threatened with a lawsuit from the SEC when they stated their intentions of offering Earn products. Kraken is another example of a regulated exchange that is likewise quite barren in the Earn products department when compared to non-US regulated exchanges like Binance, KuCoin, and OKX.
Though the Bitget Earn feature isn’t great, it is nice to see that they offer Bitget Savings, where users can deposit crypto and earn daily interest without locking up funds.
Bitget Copy Trading
Copy Trading is about more than just simply copying other traders, which I outline extensively in our Bitget review. On Bitget, users can copy the trades of some high-performing traders and use this as a tool to diversify, substitute their own trading, or simply become a passive trader.
Since its launch, Bitget Copy Trading has attracted over 20,000 traders, as it is one of the more user-friendly platforms for copy trading. It is also good for transparency as traders can see the P&L, number of followers, ROI and AUM of the traders available to be copied.
The Bitget Launchpad provides users with the ability to gain early access to crypto projects launching on Bitget before they are made available to the public outside of the platform’s ecosystem.
Bitget carefully selects some of the most promising crypto projects for its customers to be able to invest in early, who are in turn, rewarded with the ability to purchase project tokens before they hit mainstream adoption among crypto users.
While I am a fan of launchpads in general, and it is a great addition to the Bitget platform and there have been some great projects, launchpad investors may find the selection and quality of projects not as good as you will find on the more established launchpads offered by Binance, KuCoin or on decentralised launchpads like TrustSwap.
Bitget Quanto Swap Contracts
Quanto Swap Contracts is a distinct feature only available on Bitget. It allows users to use various crypto assets as collateral and then trade on margin using a variety of crypto trading pairs.
The major benefit of this product is that it allows traders to retain the charges for the conversion of coins to coins and allows them to collect profits earned from the higher value of coins.
Bitget Strategic Trading
Bitget Strategic Trading is available for both spot and futures trading. The Strategic Trading product is an automated grid trading strategy that traders can utilize to automate their trading.
Grid trading strategies are very popular among experienced traders in both traditional and crypto markets. Grid trading is a simple strategy that follows a predetermined set of instructions to open and close trades at specified price levels or other factors. I cover this product in more detail and how it works in our detailed Bitget Review.
Types of Accounts and Bitget Fees
Bitget offers one type of account with no account fees. Crypto deposits are free, but purchasing crypto is done through third-party payment providers, some of which charge higher-than-average fees.
Traders will encounter the following Bitget fees:
Spot: Fixed fee of 0.1% for maker and taker
Futures: 0.02% maker/0.06% taker
Trading fees can be reduced up to 20% for traders who choose to pay fees with the platform’s BGB token.
Crypto withdrawal fees vary depending on the asset and network of choice, you can find the entire breakdown of fees on the Bitget Fees Page.
Bitget will satisfy traders who seek the added security and safety of using a licensed and regulated exchange thanks to its licensing framework. Being regulated and licensed in multiple jurisdictions helps achieve a higher level of confidence among many users.
Following industry best practices, Bitget also keeps the majority of funds offline, in cold storage wallets and outside the reach of hackers. Bitget has received 12 A+ ratings from SSL Labs and was listed as one of the most secure exchanges in the world in 2020 by Certified, an independent security auditing company.
In the interest of full transparency, I will note that I could not verify for myself this rating from SSL Labs as I could not find mention of this outside of Bitget’s own claims. Bitget also does not disclose what percentage of funds are held in cold storage, they simply state “the majority.”
I will also note a potential cause for concern that Bitget went from a top ten most secure exchange down to the #40 position in 2022. I am not sure what caused such a significant drop. From all the research I’ve done, user reviews, and my experience, Bitget still appears to be a very secure and solid exchange.
It’s also worth mentioning that Bitget launched a $200 million protection fund to safeguard users’ assets, with their positive security track record and protection fund in place, I wouldn’t hesitate to recommend Bitget from a security standpoint.
KuCoin vs Bitget: Conclusion
KuCoin and Bitget have more similarities than differences in their product offerings and features. The user choice between these two will ultimately come down to personal preference, noting a few key differences between the two.
KuCoin will be the preferred exchange among the widest variety of users simply due to the fact that they offer more products than Bitget. KuCoin will also be the preferable exchange for anyone interested in crypto trading bots, NFTs, launchpad investing, and rare altcoin enthusiasts.
Sign up to KuCoin for 60% off trading fees for life!
Bitget, on the other hand, will be the better exchange for anyone looking for a regulated platform and is especially popular for anyone interested in KYC-free trading as not many regulated exchanges support trading without KYC anymore.
Bitget is also the better platform for anyone interested in copy trading. As far as trading execution goes, both platforms are performing at the highest level with no clear winner. I do find Bitget is the nicer platform to use as it has a nicer interface and better UX/UI, making it the better choice for beginners or anyone wanting a sleek interface.
Sign up to Bitget for 60% off trading fees, $20 free and up to $8k bonus
Is Bitget a Good Exchange?
Bitget is a highly respected crypto exchange and is regarded as one of the top platforms in the industry thanks to its good security track record and regulatory framework. Bitget offers a fantastic trading experience and is popular among traders who want to benefit from a regulated and reputable exchange, but still trade with no KYC.
Are KuCoin Fees High?
No, Kucoin has some of the lowest fees in the industry. KuCoin users can lower the already low fees by 20% if they pay their fees in the platform’s KCS token.
Is Bitget Safe?
Yes, thanks to their comprehensive licensed and regulatory stature, along with published proof of reserves and sound security track record, Bitget is trusted among the crypto community.
Is KuCoin Safe?
KuCoin is as safe as an offshore, unregulated crypto exchange can be. There are always concerns when using an unregulated exchange, but from a security processes and procedures perspective, KuCoin is a safe exchange.
Taking a robust approach to security, keeping the majority of funds in cold storage, and with funds set aside to reimburse customer funds in the event of a hack, KuCoin has become one of the most used crypto exchanges, part in thanks to it being a safe and secure enough platform.
The post KuCoin vs Bitget Review 2023: Which Exchange is Best for You? appeared first on Coin Bureau.
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