Bitget Exchange Fees: A Detailed Overview

When starting crypto trading or investing, knowing how much it will cost to trade or invest is essential. Sometimes, it can be challenging to research cryptocurrency exchanges to establish what fees you're likely to pay.

On top of that, you also want to know if your chosen exchange is reputable, established and secure. With several hundred crypto exchanges, a handful stand out among the rest. Bitget is a relative baby in the crypto space but quickly became a contender among the big boys dominating the Leaderboard for cryptocurrency exchanges. 

This article will give you a behind-the-scenes look at Bitget fees and some background about the popular crypto exchange.

Note: Users located in the US and UK are not supported.

What is The Bitget Exchange?

Bitget is a well-established, secure and reputable cryptocurrency exchange, boasting support for more than 550 spot trading pairs, with over 770+ trading pairs. It has an impressive suite of features encompassing derivatives trading and other functionalities.

Over the years, Bitget has gained significant popularity within the crypto community. Founded in 2018, it has grown fast. It has over 20 million users, and the platform resonates with enthusiasts and traders alike. 

The copy trading functionality is one of the most popular features on the platform. With 100k Elite traders and 400k followers, it attracts attention from crypto traders at all levels. We were so impressed with the Bitget copy trading platform that we even covered it in our in-depth Bitget Copy Trading Review if you want to learn more about the ins and outs of the product.

Bitget has an unyielding commitment to security. The exchange proudly touts its unwavering dedication to safeguarding user assets, which we cover in our Bitget Security Analysis, and has firmly established trust by ensuring top-tier security measures, such as its $300 million protection fund.

Bitget boasts good daily trading volume, surpassing the $389 million mark as of Q4 2023. Despite its comparatively recent entry into the market, the exchange catapulted itself into the upper echelons of the cryptocurrency world, securing a place within the top 20 crypto exchanges according to CoinGecko.

In line with its commitment to inclusivity and global accessibility, Bitget provides a comprehensive range of payment options and caters to over 40 fiat currencies. 

Setting its sights on building user engagement and participation, Bitget reported a significant upgrade on July 16th, 2023. The upgrade enables BGB (Bitget native token) holders to qualify for "super airdrops" if they maintain a minimum of 4,000 BGB tokens for fifteen consecutive days.

This article focuses on Bitget fees. To learn more about the platform, feel free to check out our dedicated Bitget Review.

Along with the review, we also have the supporting Bitget Articles:

• Bitget Copy Trading: Reviewing the Leading Copy-Trading Platform
• How to Get Started with Bitget: Step-by-Step Sign-up Guide!
• BGB Token: Benefits, Uses and Tokenomics
• Bitget Security Analysis: Is Bitget Safe?
• How to Buy Bitcoin on Bitget

Bitget Exchange Fee Structure

Bitget trading fees are competitive compared to other low-cost crypto trading platforms. Users enjoy the confidence of knowing they aren't going to break the bank paying Bitget fees.

Trading Fees

If you're new to crypto trading, you may feel confused about maker and taker fees.

You will incur these fees if you trade crypto on the Bitget platform or any trading exchange. 

Maker and taker fees are terms commonly used in trading on cryptocurrency exchanges and traditional financial markets. They refer to the fees traders pay to execute trades on the platform.

Maker Fee

A maker fee applies to traders providing liquidity into the market by placing limit orders (those that aren't filled immediately). 

A limit order is when you place an order to sell or buy an asset at a predetermined price or better. If the order isn't matched immediately, it goes into the order book. Effectively, you become a "maker" of the market. 

Trading platforms need liquidity to fill orders, so you can expect maker fees to be lower than taker fees because these orders contribute to the overall liquidity of the exchange.

Taker Fee

Traders pay a taker fee when they remove liquidity from the market by placing orders that match existing orders in the order book. These orders execute immediately, "taking" liquidity from the market. 

Market orders (instant order execution) and immediate-or-cancel orders are examples of orders that usually incur taker fees. Because you're removing liquidity, you can anticipate taker fees being higher than maker fees because you're paying for the convenience of executing trades quickly.

The distinction between maker and taker fees concerns the trader's role in the market dynamics. Makers contribute to liquidity by adding orders to the order book, while takers remove liquidity by executing orders matching existing ones.

Depending on which crypto assets you trade, maker and taker fees are variable. 

• Spot Trading: Maker Fees 0.1% and Taker Fees 0.1%
• Futures Trading: Maker Fees 0.02% and Taker Fees 0.06%

If you pay your fees with BGB, Bitget's native token, you can get an extra 20% discount. 

Bitget Deposit And Withdrawal Fees

Bitget Deposits

You can deposit crypto with Bitget for zero fees. All payment methods require identity verification, so set that up before purchasing cryptocurrency from Bitget.

Bitget supports multiple payment methods, including the following: -

• VISA and MasterCard
• Apple Pay and Google Pay
• Discover
• Diners Club

You can purchase cryptocurrencies with a wide range of fiat payments. Standard card payment fees apply depending on which card you use. 

Bitget also supports third-party payments, such as the following: -

• Banxa
• Simplex
• Mercuryo
• AlchemyPay

When you purchase cryptocurrencies from Bitget via a third-party payment provider, you will temporarily leave the Bitget site to complete the transaction. Bitget does not charge a fee for third-party payment, but fees may apply with the provider. 

Fiat Currency Deposits To Your Bitget Account

You can deposit fiat directly to your account using SEPA. The following fiat currency options are available for deposit. 

• EUR (Euro)             
• GBP (The British Pound Sterling)
• UAH (Ukraine Hryvnia)
• RUB (Ruble)
• BRL (The Brazilian Real)

Payments typically take two days to reach your account.

Bitget Crypto Withdrawal Fees

Crypto withdrawal fees are variable and also depend on the network. I have detailed some of the well-known token fees in the following table: 

Withdrawing EUR or GBP From Your Bitget Account

You can now withdraw EUR or GBP from your account to and from your bank directly, which is an excellent option unavailable with many crypto exchanges.

• Step 1: Select the "Bank Withdraw" button on Bitget
• Step 2: Select between EUR or GBP for SEPA withdrawals
• Step 3: Ensure you select "SEPA bank transfer"
• Step 4: If it's your first fiat currency withdrawal, add your bank account details
• Step 5: Enter the withdrawal amount and click "Next"
• Step 6: Confirm your order with bank name and IBAN details
• Step 7: Complete the email verification and Google authentication for security
• Step 8: After submitting, you will see a "Withdrawal Submitted Successfully prompt"

At this stage, you will receive one of three potential prompts: -

• Withdraw Success
• Withdraw Failed
• Withdraw is Under Review

You can open the order history in your Bitget account to view the details if the transaction completes successfully. 

This new service brings multiple benefits to Bitget users: -

• No gas fees
• No third-party fees
• More secure payment option
• Real-time currency exchange rates
• Zero GBP and EUR withdrawal or deposit fees 
• Instant deposits and withdrawals from your bank account to Bitget with SEPA
• The FPS (Faster Payments Service) for GBP withdrawals and deposits (usually instant payments)

In addition, you can now spot trade with EUR and GBP on Bitget.

The Bitget VIP Program

If you are an active crypto trader, joining the Bitget VIP program has multiple benefits. Once you reach a specific threshold based on your asset holdings and trading volume, Bitget qualifies you automatically for VIP status. The rewards for high-volume derivative and spot traders include many benefits.

There are five levels for VIP status, assessing 30-day spot trading volume, assets held and BGB (The Bitget Token) holdings.

Personal Account Manager

Bitget assigns you an experienced personal account manager. You can anticipate premium support as a VIP from your dedicated account manager. They can help with any questions regarding trading or the Bitget platform. 

Exclusive Trading Fees

Maker and Taker fees are reasonable with Bitget. Spot trading maker and taker fees are 0.1%, and for Futures trading, fees are 0.02% and 0.06% consecutively. 

However, with VIP status, these fees reduce considerably, depending on your VIP level. Maker fees can be as low as 0%, and Taker fees drop as low as 0.00035%. When trading high volume, this fee reduction can significantly affect your profitability.

Fund Custody

VIP status entitles you to a dedicated wallet address, which is more convenient and has added security.

Exclusive Channel For Deposits And Withdrawals

VIP status gives you a secure, fast and easy way to deposit and withdraw funds to and from your account.

Festival Rewards

VIP members get priority on Bitget promotions and exclusive perks, such as discounted fees and claiming fantastic rewards on Bitget campaigns.

If you are new to Bitget but have a VIP account with another exchange, you could qualify immediately for the Bitget VIP. You submit a screenshot of your trading history showing a 30-day volume as a VIP. Once approved (usually within 24 hours if your application meets requirements), Bitget will assign a personal account manager to you. 

Spot Trading VIP Requirements

Futures VIP Trading Requirements

Margin Trading: Start Earning As a Bitget VIP Member

The below figures are for BTC margin trading.

Important Note

From August 16th 2023, Bitget is revising VIP fees and trading volumes. You can find the updated information using the link above.

"For VIP users who qualify through spot trading volume, we are reducing the trading volumes required for level-up from VIP 1 to VIP 5, along with the corresponding taker and maker fees for each respective VIP level." Source: Bitget

Bitget Copy Trading Fees

The Bitget copy trading service has no hidden costs, so you know from the start what fees you may have to pay.

There are no registration fees to become a follower of an Elite Bitget trader, but there are other costs involved: 

• Slippage Fees
• Performance Fees: You pay an agreed percentage of your total net profits to the Elite trader
• Subscription Fees: These may differ from one Elite trader to the next 
• Strategy Fees: You will either pay for a strategy or subscribe for strategy copy trading
• Trading Fees: These are the costs you pay directly from the trades placed in your account

Each Elite trader can also charge you their specific subscription or strategy fees. 

Bitget Discounts and Promotions

Bitget has regular competitions and promotions. The following are a few examples: 

• Launchpool promotion: Stake BGB and get a share of 745 $GRIMACE, a newly listed coin.
• One Month Promotion: New user gift package of 700 USDT.
• Deposit $200 and receive $200 and a 15% discount.
• Join the Bitget trading bot competition to win points and a chance for a share of the 20k USDT prize pool.
• Two-Week Promotion: A lucky draw promotion to win 5 ETH and a DJI drone.

Comparison with Other Exchanges

Bitget is in the top twenty listed cryptocurrency exchanges, sitting beneath the exchange giants like Binance, Bybit, OKX, Coinbase Exchange, KuCoin and Kraken. 

Established in 2018, Bitget lists over 580 cryptocurrencies, compared to 380+ for OKX, 230+ for Kraken and Coinbase Exchange and 380+ for Binance. So, from crypto listings alone, Bitget offers significantly more than some platforms.

Introducing the EUR and GBP bank deposits and withdrawal options may be a game changer for Bitget because few centralised crypto exchanges offer this service.

Bitget also has an impressive number of "Earn" and yield farming products, a copy trading service and the VIP program. 

Overall, considering the exchange has only been operational for only five years, it has exceeded expectations and has experienced impressive growth by attracting twenty million registered users. In addition, the Bitget website boasts it has a 10 billion USDT daily trading volume.

"Behind Bitget is a group of early adopters who believe in a blockchain-based future. Since 2018, we have built an exchange committed to helping users trade smarter by providing a secure, one-stop crypto investment solution." Source: Bitget

You can take a further look into how Bitget stacks up against the competition in our following versus articles:

• Bitget vs OKX
• Bitget vs KuCoin
• Bitget vs Bybit

Summary and Conclusion

In summary, we looked at the Bitget cryptocurrency exchange as an option for new and experienced traders. We quickly peeked at the copy trading service and explored the anticipated fees you might expect to pay.  

As for Bitget fees, for the non-VIP trader, you can expect to pay 0.1% maker and taker fees for spot trading and 0.02% maker fees and 0.06% taker fees for Futures trading. If you pay fees with BGB, Bitget's native token, you can receive a 20% discount. 

You can also enjoy an additional 20% off trading fees if you sign up using our Bitget Sign-up Link!

Bitget supports multiple card payments, including VISA, Mastercard, Apple Pay and Google Pay. You can also use third-party payment providers, Banxa, Simplex, Mercuryo and AlchemyPay. 

A new addition in 2023 to Bitget services now allows you to deposit and withdraw EUR or GBP to and from your bank account. It's an excellent move on Bitget's behalf, and we are sure it's a welcome option for registered and new users alike for the fast payment and additional security of using a bank account. 

If you're a high-volume trader, you can upgrade to the Bitget VIP program and receive additional benefits such as a personal account manager, Fund Custody and Festival rewards. If you are new to Bitget but have a VIP account with another exchange, applying for VIP status with Bitget is simple. Just submit your trading history, showing the past 30-day trading volume.

The Bitget copy trading service might be an exciting option if you're new to trading. There are fees involved, such as subscription or strategy fees and standard trading fees. Still, all these costs are upfront, so you will know what to expect before you begin following one of the 100k Elite traders.  

In conclusion, this has been a brief soiree with Bitget, and if you'd like to know more about this reputable platform, we have a dedicated Bitget review.