Bitget launched in 2018 and has grown into one of the top mid-tier exchanges, especially famous for its copy tradingfeature. As of October 2025, it reports around $1.5–2.5B in daily trading volume according to CoinMarketCap and CoinGecko. It has become a major alternative to Bybit for futures traders, with high leverage, frequent listings, and heavy marketing through influencers and sponsorships (including Lionel Messi in 2022).
For degens, Bitget feels like a mix between a legit futures hub and a social trading experiment. It’s bigger and more trusted than BingX, but still not in the same league as Binance or Bybit.
📜 Background & Reputation
Bitget started in Singapore in 2018 and quickly found its niche in derivatives and copy trading. Instead of fighting Binance head-on, it leaned into building a community where new traders could follow more experienced ones.
Its reputation has improved over time — once seen as a smaller Asian exchange, Bitget is now considered one of the “serious mid-tiers.” Partnerships with Messi and esports orgs boosted visibility, though some traders still question how sustainable its growth is compared to Binance and Bybit.
🚀 Features and Offerings
Bitget offers:
- Copy Trading: The flagship product, letting users follow top traders and mirror their futures positions.
- Futures Trading: Hundreds of pairs with leverage up to 125x. Liquidity is strong, though not quite Bybit levels.
- Spot Trading: Thousands of pairs, often listing altcoins early, though memecoin speed still lags behind MEXC.
- Earn Products: Savings, staking, launchpad-style token sales.
- Mobile App: Modern, smooth, and built around social trading.
🛡️ Safety and Trust
Bitget hasn’t faced a major hack so far, which helps its credibility. It claims to hold a $300M protection fund to cover emergencies, and in 2023 it started publishing proof of reserves snapshots.
That said, it’s not as transparent as Coinbase or Kraken, and regulation varies depending on the market. In the US, Bitget is not officially licensed, which limits its presence.
User reviews highlight both positives and negatives: some love the copy trading profits, others complain about high fees, withdrawal delays, or losing money by following bad traders.
🎭 What the Users Say
Positive:
- “Made profits just copying pros, app is easy to use.” — App Store review
- “Liquidity on futures is solid, no major slippage.” — Reddit trader
Negative:
- “Copy trading is risky, most of the traders I followed ended up losing.” — Trustpilot
- “Withdrawal fees are higher than Binance.” — Google Play feedback
- “Support is slow to reply when issues happen.” — community forum post
🌍 Who Actually Uses Bitget?
Bitget is especially popular in Asia, Africa, and Latin America, with big marketing pushes in those regions. It appeals to beginners who like copy trading, as well as degens who want high leverage and altcoin exposure outside Binance.
In Europe and the US, it’s less mainstream, partly due to regulatory gaps, but still used by degens looking for alternatives.
📊 Real Examples
- In 2022, Bitget signed Lionel Messi as a brand ambassador, instantly boosting its global presence.
- During the 2023 bull run, it saw explosive growth in futures volumes, competing with Bybit.
- In 2024–2025, Bitget leaned harder into proof of reserves and safety funds to improve credibility.
🎰 Should a Degen Use It?
Bitget is like the trendy poker room where everyone is copying the same pro’s moves. Sometimes you ride the hot streak, sometimes you crash with the herd.
For degens, it’s a decent futures exchange with enough liquidity and copy trading fun. But you should treat copy trading as entertainment, not guaranteed alpha. And always test withdrawals before going deep.
🏁 Final Degen Verdict
Bitget has leveled up from a small Asian exchange to a serious mid-tier contender. It offers solid futures liquidity, copy trading, and growing transparency. But it’s not as bulletproof as Binance or as polished as Coinbase.
Use it as your secondary futures hub or for copy trading experiments. Don’t put your whole stack here.
WAGMI — if you pick the right traders to follow.
