Bitget Review 2023: Is Bitget Exchange Legit?

Most of the functionality that can be found on the web platform is also supported on the mobile application. Mobile apps are a great way for traders to capitalize on opportunities on the go or need to monitor open positions. The app can also be used to access rewards, copy trading, strategic trading, events, earn, and more. Bitget offers a pretty decent selection of over 500 pairs available for spot trading. It is interesting to note that Bitget does not offer margin trading for spot pairs but does offer up to 125x leverage on futures trading which we will cover later on.
Even though all traders have to start somewhere, proof of results is a good start. Emotions aren’t entirely void from copy trading, but a lot depends on your approach. If bitget choose a profitable trader with consistent results and only check your trades at the end of the day or week, your emotions will stay in check.
The former functions as a financial instrument that depends on the price of another asset–like stock or bond. They determine the prices of various cryptocurrencies in the crypto market. Bitget has a user identity verification process as part of its AML/KYC procedure. To get started, investors must create an account on the Bitget website or via the Bitget mobile app.
Without further transparency of activity within the exchange, preferably made available on-chain, customers still need to have some level of trust in the exchanges. As exchanges hash out the Proof of Reserves concept, the crypto community are hoping more comprehensive and transparent procedures will fall into place. What Bitget does for their Proof-of-Reserves is the most basic of all, which is self-assessment. Users can validate on their own that assets are held securely but there are no independent audits done. This type of proof, also used by Binance, has been criticised by others in the industry as mere sleight of hand.
On most platforms for trading, you can choose to follow other traders. For example, you might want to follow a trader who makes more money or who trades in a consistent way. The Trader can fund the account in different ways – one can buy crypto using fiat currencies or transfer crypto funds in their Bitget wallet from a different cryptocurrency wallet.
Many high domain authorities in the US, Canada, and Australia regulate and license the exchange. Additionally, it has got 12 A+ ratings from SSL Labs, which is quite an achievement. The biggest difference in trading for yourself or letting someone else do it comes down to trust.