Bitget Ranks As The Top Crypto Derivatives Exchange With 0 Trading Fees

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28 Sep, 2022, 17:24 IST

BANGALORE, India, Sept. 28, 2022 /PRNewswire/ -- Digital asset exchange Bitget now ranks 3rd globally as the biggest derivatives trading platform after Binance and FTX.US according to data provided by Coingecko. This comes aligned with the recent zero trading fee feature on spot tradings which have been implied for all Bitget users, allowing them a cost-efficient point of entry into crypto.

With no trading fees, Bitget leads to counteract the unfavorable market conditions by rewarding customers and encouraging newcomers into the cryptocurrency trading space.

Bitget aims to help experienced crypto investors with high trading volumes while also giving new entrants the means to enter and profit from the market by eliminating trading costs and inventing distinct incentives to trade and earn.

According to Gracy Chen, Managing Director at Bitget, "Coins like Bitcoin and Ethereum are getting recognized as advances in crypto have expedited its visibility to more mainstream audiences. They can help portfolios become more diversified and act as a hedge against rising inflation".

The platform also hosts a number of spot market benefits like 50% off popular currency purchases, airdrops, and a prize pool of 1 million BGB.

"With the exclusive perks, traders are in a better position to capture the window of opportunity even during a market downturn," Chen added.

When compared with global popular exchanges, Bitget stands as one of the strongest players with global compliance, and best-in-industry product security.

Comparison of Bitget Vs Other Crypto Derivatives Exchanges

	Bitget	Bybit	MEXC	Binance	Kucoin	Bitmex
Compliance	Global compliance: US, Canada, Australia	Not available for UK and US users	No US license	Under Global Scrutiny	No US license	No US license
Security compromise	No record	No record	No record	Hacked in 2019	Hacked in 2020 and 2021	Hacked in 2019
US allowed	YES	NO	NO	YES	NO	NO
Native Token	BGB	none	MX	BNB	KCS	none
Trading Fee reduction for exchange's native token	YES	NO	NO	YES	YES	NO
Trading Pairs	250+	15	250+	250+	750+	7
Social trading	YES	YES	NO	NO	YES	NO
Algorithmic trading	YES	YES	NO	NO	YES	YES
Derivatives trading	YES	YES	YES	YES	YES	YES
Spot Fees maker/taker	0%/0%	0%/0%	0%/0%	0.1%/0.1%	0.1%/0.1%	0.01%/0.05%
Trading pairs covered by zero-fee trading program	Applied to all trading pairs	Applied to all trading pairs	Applied to all trading pairs (excluding ETF trading)	Only applied to BTC pairs and ETH/BUSD	None	None
Daily withdrawal limit	* Without KYC: Value of 20 BTC * With KYC: Value of 200 BTC	* Without KYC: Value of 2 BTC * With KYC: Value of 50 BTC	* Without KYC: Value of 10 BTC * With KYC: Value of 80 BTC	* Without KYC: Value of 0.06 BTC * With KYC: Value of 100 BTC	* Without KYC: Value of 2 BTC * With KYC: Value of 100 BTC	* Without KYC: Value of BTC * With KYC: Value of BTC
Ongoing perks	* Prize pool worth $300,000 for new users * Upto 100% APY on Savings * 1 Million BGB Trading Bonus * 50% OFF Cryptos * VIP2 Upgrade Exclusive Offer	* Up to 12% APY on Savings	10 USDT bonus for new users Prize Pool 4,000 USDT bonus	*Upto $100 referral bonus	*Prize pool worth $50,000 for new users	none

For more information on the Zero Trading Fee campaign, click here.

About Bitget

Established in 2018, Bitget is one of the world's leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with a 600-strong workforce.

Adhering closely to its philosophy of 'Better Trading, Better Life', Bitget is committed to providing comprehensive and secure trading solutions to users globally, aiming to be the portal that transcends Web2 and Web3, that connects CeFi and DeFi, resulting in an expansive bridge to the vast web of crypto.

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