Which Crypto Exchange Is Better?

If you’re wondering which cryptocurrency exchange stands out between Binance Vs. Bitget, you’ve arrived on the right page. Both platforms are immensely popular among crypto enthusiasts, offering low fees, advanced features, and a wide range of trading options. 

In this Binance Vs. Bitget review, we’ll assess the pivotal differences between the two exchanges across various parameters. We’ll also provide deeper insights to help you make informed decisions and elevate your trading experience.

Binance vs Bitget: A Glance Comparison

Particulars	BINANCE	BITGET
Founding year	2017	2018
Registered users	275M+	120M+
Global reach	100+ regions	150+ regions
Native/Governance token	BNB	BGB
Listed cryptocurrencies	9,408+	691+
Trading pairs	1,600+ spot pairs and 652+ futures pairs.	788+ spot pairs and 767+ futures pairs.
Main features	Spot trading, margin trading, P2P trading, derivatives trading, copy trading, demo trading, and staking products.	Spot, derivatives, margin, P2P, and copy trading; staking services
Payment methods	Bank transfer, credit/debit card, UPI, and third-party providers like PayPal, Skrill, and Neteller.	Credit/debit card, Apple Pay, Google Pay, bank transfers, and third-party gateways like Paysera and Uphold.
Early access events	Launchpool, Megadrop, Fan token.	A Launchhub that includes pre-market trading, LaunchX, Launchpad, Launchpool, Deposit to List, PoolX, on-chain drops, and Candybomb.
Security	SAFU, two-factor authentication (2FA), data encryption, withdrawal whitelisting, device management, anti-phishing code, proof-of-reserves, and hot and cold wallets.	Protection fund, dual wallet system, 2FA, anti-phishing and fund codes, proof-of-reserves, and withdrawal allowlisitng.
Licenses	Regulatory licenses in multiple regions, including Asia-Pacific, Africa, the Middle East, the Americas, and Europe.	Regulatory licenses in many locations, including EEA countries like Italy and Poland.
Customer support	24/7 through e-mail and a live chatbot.	24/7 through live chat and e-mail.
Mobile app	iOS and Android.	iOS and Android.

What is Binance?

Binance is the largest crypto exchange by trading volumes and a leading blockchain ecosystem. It aims to foster financial freedom, enabling everyone to earn, save, spend, share, and gift their money regardless of their location. 

Launched in 2017, Binance has grown phenomenally and serves 275+ million users across 100+ countries. It is known for its vast product suite, competitive fees, stringent data privacy controls, and highest standards of regulatory compliance. It is also the best crypto exchange for learning resources. It offers many basic and advanced trading features, catering to beginners and experienced traders alike.

Pros

Cons

#1 cryptocurrency exchange by trading volumes. High liquidity. Extensive coin selection, including new and popular tokens. Facilitates seamless on-chain trading via Binance Wallet’s integrated DEX. Possesses 22+ regulatory approvals worldwide. Offers more trading pairs. Dedicated OTC platform for institutional traders. Lowest trading fees for VIP and high-volume traders. Intuitive user interface. Supports crypto options.

Faces regulatory challenges in many nations, including the UK and Japan. Has been hacked twice, resulting in huge losses. Not all products and services are accessible in all jurisdictions.

Notable features of Binance

• Easy options: It is a beginner-friendly feature designed to make options trading simpler. It offers a streamlined interface where you can predict prices of your chosen cryptocurrencies. You can also specify your desired exercise price and contract duration to calculate your option premium upfront.
• Flexible loans: These are open-term, isolated, and overcollateralized loans with minimum borrowing amounts as low as $1 worth of cryptocurrencies. They can be repaid at any time.
• Academy: It publishes comprehensive educational resources, including explainer articles and guides, tailored to beginner and experienced users. It also offers learn and earn courses, enabling you to win free crypto while boosting your knowledge.
• Megadrop: It offers early access to high-potential Web3 projects before they’re officially listed on Binance.

What is Bitget?

Bitget is a renowned cryptocurrency exchange primarily recognized for its copy trading feature. It also provides multiple trading options and advanced tools, including derivatives and spot trading, a TradingView-integrated interface, and automated bots. Additionally, the exchange offers many structured and capital-guaranteed passive-income yielding products with high APRs.

Since its inception in 2018, Bitget has emerged as one of the top 10 cryptocurrency exchanges. It also has a registered user base of 120+ million across 150+ nations. Its core vision is to promote crypto adoption and smart digital transactions globally. 

Pros	Cons
User-friendly interface with cutting-edge technical tools. Offers automated bots and multiple staking products. Hosts numerous early access events to help traders earn promising new tokens. Best crypto exchange for copy trading. Powerful security measures, including a protection fund worth $741 million. Stringent KYC/AML policies. Feature-packed exchange with high liquidity.	Slightly higher fees. Doesn’t provide services in many jurisdictions, including the US. No standard crypto options. Limited coin selection.

Notable features of Bitget

• Copy trading: Bitget enables you to harness automated trading tools, advanced market insights, and the expertise of lead traders to make gains. It has 200,000+ registered elite traders and over 800,000 copiers.
• Institutional services: The platform offers comprehensive crypto trading solutions for institutional investors. These include API integrations, up to 1,000 sub-accounts, custodial services, broker and market maker programs, and competitive fees.
• Trading bots: The exchange provides numerous free-to-use smart bots to help you maximize your earnings in bullish, bearish, and sideways market conditions. These encompass spot/futures grid, spot/futures martingale, spot/futures CTA, and smart portfolio.

Binance vs Bitget: Trading Features

Feature	Binance	Bitget
Spot trading	Available	Available
Futures trading	Available	Available
Options trading	Available	Available
Margin/Leveraged trading	Available	Available
On-chain trading	Available	Available
Copy/social trading	Available	Available
Demo account	Available	Available
Pre-market trading	Available	Available
Block trading	Available	Available
P2P marketplace	Available	Available
Trading bots	Available	Available
Staking options	Available	Available
Cryptocurrency loans	Available	Available
NFT platform	Available	Available

Bitget vs Binance: Platform Products and Services

What Bitget Offers:

• Spot trading: Bitget supports 691+ cryptocurrencies, including popular cryptocurrencies like Solana and XRP, and 788+ spot pairs.
• Derivatives trading: The Bitget exchange supports USDC, USDT, and coin-settled perpetual futures contracts. It also offers coin-settled delivery futures and allows you to choose from 767+ futures pairs.
• Margin trading: Bitget helps you magnify your gains with borrowed funds and ensure efficient capital utilization. It offers up to 125x leverage on select pairs.
• Copy trading: The platform allows you to replicate the winning strategies of experts. It also offers AI-powered and elite trading bots. Moreover, you can filter master traders based on different criteria such as P&L, RoI, high yield, and TraderPro certification.
• Earn: Bitget offers many staking products, such as Simple Earn Flexible, On-chain Yield, and Shark Fin. They are tailored to diverse investment needs and risk tolerance levels.
• Trading bots: The exchange primarily offers grid, martingale, CTA: MACD, BOLL, and auto-invest bots. They help you clock profits in different conditions, including volatile, oscillating, flat, and trending markets.
• Academy: The exchange publishes step-by-step guides, crypto news, market analysis, and valuable tips for both beginner and advanced traders.
  
• Bitget wallet: It is a non-custodial multi-chain wallet, offering token swapping, staking, and crypto payment services. It also comes with an exclusive dApp browser that helps you customize/import NFT wallets. Additionally, the wallet comprises robust risk mitigation capabilities, including a $300 million protection fund.

What Binance Offers:

• Spot trading: Binance enables users to buy/sell 9,048+ coins in the spot market using advanced trading tools. It also supports 1,600 trading pairs.
• Futures trading: You can engage in contract trading via the Binance Futures platform. It supports stablecoin-settled and coin-settled perpetual contracts and expiry (delivery) futures. Currently, the exchange features 653+ futures pairs.
• Options trading: For derivative enthusiasts, Binance offers USDT-settled option contracts on popular cryptocurrencies, including BTC, ETH, SOL, XRP, DOGE, and BNB.
• P2P trading: Binance’s peer-to-peer platform allows you to buy, sell, or trade cryptocurrencies with other traders at preferred prices. It supports 800+ payment methods and 100+ fiat currencies, including 70+ local currencies.
• Demo trading: If you want to master trading in a simulated environment that emulates real-world conditions, the demo trading feature is helpful. It helps you test various strategies using virtual funds and compute gains/losses before investing actual money.
• Trading bots: If you’re seeking automated trading tools to make profits regardless of market conditions, Binance’s bot marketplace is worth exploring. It features various customizable bots, including spot grid, futures grid, spot DCA, futures TWAP, and arbitrage bot.
• Copy trading: This feature helps you replicate the strategies of experienced traders with a single click. Based on your investment amount, the system automatically copies the trades of your chosen experts.
• Earn: Through Simple Earn, you can stake 300+ crypto assets for fixed or flexible durations to receive passive income. To help you earn higher yields, the Binance exchange offers advanced products like dual investment, smart arbitrage, and discount buy.
• Binance wallet: It is a self-custody Web3 wallet powered by advanced multi-party computation technology. It helps you manage digital assets across multiple chains seamlessly. With built-in integration to Binance Bridge and other DEXs, traders can explore cross-chain dApps and swap tokens at the best prices. You can also earn staking yield of up to 0.75% APY.

Binance vs Bitget: Trading Fees

Fee type	Binance fees	Bitget fees
Spot market	0.1% maker, 0.1% taker	0.1% maker, 0.1% taker
Futures/Perpetuals trading	0.02% maker, 0.05% taker	0.02% maker, 0.06% taker
Options trading	0.03% maker, 0.03% taker	–
Trading fee discounts	25% rebate on spot fees for BNB owners.	20% rebate on spot fees for BGB investors.
Deposit charges	No deposit fees for most crypto assets.	No deposit fees for most crypto assets.
Withdrawal charges	Differs across cryptocurrencies and blockchain networks.	Differs across cryptocurrencies and blockchain networks.
Cryptocurrency debit card	No annual or issuing fees, 1% crypto conversion fee, 1-2% forex charges.	0.9% transaction fee, zero top-up or monthly fees.

While both crypto exchanges charge the same spot fees, Binance imposes lower taker fees for futures contracts. Binance also offers higher fee rebates to native token holders. In terms of withdrawal fees, both charge similar rates. However, you can withdraw some cryptocurrencies from certain chains at a lower cost on Binance.

Binance vs Bitget: Supported Cryptocurrencies, Trading Volumes, And Liquidity

Particulars	Binance	Bitget
Coins supported	9,408+	687+
Spot pairs	1,600+	783+
Futures pairs	652+	769+
Liquidity	Deep	Comprehensive
Daily trading volume	$65 billion	$20+ billion
Fiat currencies supported	100+	140+

Binance vs Bitget: Security Comparison

Binance Security Measures

• Secure Asset Fund for Users (SAFU): To protect user assets, Binance has set up an emergency fund by committing a percentage of its total trading fees. The platform maintains a fund value of $1 billion in USDC.
• Proof-of-reserves (PoR): The Binance exchange ensures that all customer assets are fully backed at 1:1. It also publicly discloses its reserves to maintain 100% transparency.
• Hot and cold wallets: Binance stores traders’ assets in cold wallets and utilizes hot wallets for speedy transactions.
• Privacy-focused architecture: Binance ensures that privacy and data protection are built into its products and services. It has implemented advanced encryption protocols to safeguard users’ data from loss, misuse, and unauthorized access.
• Account-level security features: For enhanced security, Binance has implemented additional measures like device management, two-factor authentication (2FA), withdrawal whitelisting, and anti-phishing passcode.

Bitget Security Measures

• Protection fund: Bidget has established a protection fund to safeguard customers’ assets from cyber threats. The fund is currently valued at $741 million.
• PoR: Bitget ensures that 100% of user assets are held in reserves, and it publishes monthly updates on its Merkle Tree proof, platform reserves, and reserve ratio.
• Dual-wallet system: The exchange leverages hot cum cold wallets for added security. It also preserves your funds and assets offline in cold storage.
• Other security features: Apart from the above measures, Bitget has implemented account-level safety features like 2FA, withdrawal allowlisting, fund codes, and anti-phishing codes.

Bitget vs Binance: Affiliate & Referral Programs

Particulars	Binance	Bitget
Referral Code	BINANCENFTP	NFTPlazas1
Referral Commission rate	Up to 40%	Up to 32%
Affiliate commission (lifetime)	Up to 50%	Up to 50%
Commission tenure	Referral commissions for at least 1 year from the invitees’ registration dates.	Referral commission for 365 days (1 year) from the invitees’ registration dates.
Additional rewards	Trading fee rebates, free tokens, bonus vouchers, VIP-level upgrades, and interest-free loans.	Mystery boxes, trading bonuses, free cryptocurrencies, newly-launched tokens, airdrops, and fee rebates.
Exclusive perks	24/7 priority support, access to exclusive events, cutting-edge crypto products, industry leaders, and content amplification resources.	24/7 dedicated customer services, access to special campaigns, free tickets/passes for sports/entertainment events, and daily market updates.
Ongoing new user offer	$600 trading fee credit	6,200 USDT
Eligibility conditions for newcomer rewards	Referred users must complete KYC verification and required tasks within the given timeframe.	Referred customers must complete KYC verification and specific tasks within the stipulated period.

Pro Tip: Don’t forget to explore the additional perks offered to new users when you open an account on these exchanges. We dive deeper into the benefits available with the Binance referral code and Bitget referral code in this detailed review.

Binance Vs Bitget: User Experience & Customer Support

On Google Play and Apple stores, both Binance and Bitget mobile apps enjoy user ratings of over 4.5/5. However, on review sites like Trustpilot and Reddit, both exchanges have garnered mixed reviews. Traders have reported issues with withdrawals, fund losses, and frozen accounts. Additionally, some Binance users are dissatisfied with its identity verification process and token recommendations.

Both cryptocurrency exchanges provide 24/7 customer assistance via live chat and e-mail, and provide a help/support center. From FAQs and self-services to user guides and tutorials, you’ll find everything you need to navigate the platforms effortlessly. 

However, many users are dissatisfied with Binance’s customer support due to its slow response rate. Conversely, on Bitget, traders face challenges connecting to human agents.

Bitget Vs. Binance Review: Conclusion

In the crypto world, Binance and Bitget offer smooth trading experiences with user-friendly interfaces, diverse payment methods, and high liquidity. They also support various order types, including limit and market orders. While Binance leads in scale, Bitget impresses with copy trading and Launchhub. Overall, both exchanges make your crypto journey more secure and rewarding.

FAQs

Is Bitget a trusted exchange?

Bitget is a legally-compliant crypto exchange with robust security measures like multi-signature cold storage, withdrawal whitelisting, 2FA, and fund codes. It also maintains a protection fund to safeguard traders’ assets. Therefore, Bitget is trustworthy. 

What exchange is better than Binance?

One exchange that is better than Binance is Bitget, especially for copy trading and gaining access to high-quality tokens. Unlike Binance, it hasn’t faced major security breaches either. 

Between Bitget vs Binance, which exchange charges lower fees?

Overall, Binance has a more competitive fee structure. However, Bitget’s crypto debit card fees are lower. 

Which platform is more beginner-friendly: Binance or Bitget?

Binance has more features for beginners, including easy options, demo accounts, and a user-friendly interface. Moreover, its Academy is a treasure trove of learning resources that familiarize you with the nitty-gritty of crypto trading. 

Which exchange is secure: Binance or Bitget?

Though Binance has more potent security features, it has faced two major hacks since its inception. In May 2019, malicious actors stole 7,000 BTC (worth $40 million at that time) from its hot wallets. In October 2022, hackers exploited a cross-chain bridge connected to the BNB Chain and stole BNB coins worth $570 million. Therefore, Bitget is safer.