Bitget Exchange is a platform where users can engage in the trading of various cryptocurrencies. It is a reputable exchange built to enable users to trade safely and smarter. This article explores all you need to know about Bitget.
What is Bitget?
Bitget is a popular cryptocurrency exchange that is committed to helping users trade smartly. It supports the different types of trading like spot trading, copy trading, and future trading.
Bitget is also known for its low trading fees, and has a trading volume of over $700 million. Over 500 cryptocurrencies are listed on the Spot market of the exchange.
Bitget partners with the following: Lionel Messi, Adam DeVine, Juventus Football Club, PGL, Team Spirit, and DOTA 2 Bali Major.
Who founded Bitget?
Bitget is a group of early adopters of blockchains headed by CEO Sandra Lou and Managing Director Gracy Chen.
Bitget’s founding team, grounded in traditional finance, explored blockchain technology in 2015 after studying the Bitcoin whitepaper and Ethereum ecosystem, leading to the official establishment of Bitget in 2018.
When did Bitget Launch?
Bitget was launched in the year 2018.
Where is the Located?
Bitget, registered in Seychelles, operates decentralization while working toward establishing its headquarters. Currently, it has regional hubs in Asia and LATAM and plans to expand further into Europe and Africa.
What countries are Restricted on Bitget?
Bitget serves customers in over 100 countries but restricts its products and services in certain areas, including the US, Singapore, North Korea, and Sudan.
What Coins are Supported on Bitget?
Bitget features over 800 crypto tokens and more than 900 spot trading pairs, including popular coins like BTC, ETH, BGB, XRP, PEPE, DOGE, SHIB, BNB, LTC, and APT.
How safe is Bitget?
Bitget protects their Users’ funds and assets from cyber attack by increasing the protection fund t0 $300 million it promised to secure its value for 3 years.
Although two factor authentication (2FA) is optional, Bitget recommends enabling it using the Google Authenticator.
Bitget uses the Proof of Reserve which means the in reserve corresponds with customer assets held on the platform. It guarantees a 1:1 reserve ratio for its customers.
In addition, Bitget allows security notification through SMS and Email notification, it uses SSL encryption for extra security. It also has a cold and hot wallet and also uses a bug bounty.
Can I use Bitget in Nigeria?
Which crypto exchange to use in Nigeria has continuously being a difficult decision to make since some exchanges are discontinuing their services in Nigeria as recently seen with Binance and OKX.
However, Bitget exchange is yet to restrict Nigerians from using their platforms. Therefore, yes, you can use Bitget in Nigeria for your crypto trading.
Final Thought
It is becoming more important to consider the safety of your funds or assets on any platform when intending to trade or invest in crypto.
Bitget has progressively created a reputable platform that houses over 800 listed cryptocurrencies and a trust score of 9 out of 10 as seen on coingecko.
Its security features adds up to a good level. However, bear in mind that when it comes to centralized exchanges, there is no perfect security.
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