History and reputation of Bitget and Binance
Bitget was founded in 2018 and quickly gained popularity due to its innovative features like the copy tradingand a service of trading futures efficient.
Binancelaunched in 2017 by Changpeng Zhao, has become the world’s largest cryptocurrency trading platform in terms of transaction volume.
Both platforms have a solid reputation in the crypto industry, each with their own strengths and weaknesses.
Bitget vs Binance: Comparison of the number of cryptocurrencies listed
One of the first criteria to consider is the number and variety of cryptocurrencies available on each platform.
| Platform | Number of cryptos listed |
|---|---|
| Bitget | 900+ |
| Binance | 600+ |
Although Bitget offers a slightly larger selection, both exchanges offer an impressive selection of several hundred cryptocurrencies.
The platform covers major cryptos like Bitcoin And Ethereumbut also many altcoins promising in all areas, such as AI where the RWA.
Trading Options at Bitget and Binance
As a crypto trader or investor, it is normal to look for platforms that offer a full range of trading options to diversify your strategies.
| Trading option | Bitget | Binance |
|---|---|---|
| Spot | ✅ | ✅ |
| Margin | ✅ | ✅ |
| Futures | ✅ | ✅ (except for French traders) |
| Options | ✅ | ✅ |
Both platforms offer the spot, margin, futures and options trading. However, Binance has recently suspended access to futures trading for French users due to regulatory constraints.
Bitgeton the other hand, continues to offer futures contracts to its French usersgiving them a significant advantage in this area. This decision also earned them a place on the AMF blacklist.
Product Offering
Beyond trading, platforms often offer additional products to retain their users.
| Product | Bitget | Binance |
|---|---|---|
| Staking | ✅ | ✅ |
| Loans | ✅ | ✅ |
| Launchpad | ✅ | ✅ |
| Copy Trading Spot | ✅ | ✅ |
| Copy Trading Futures | ✅ | ✗ |
| Trading Bot | ✅ | ✅ |
Good to know :
- Copy Trading: Bitget is particularly renowned for its copy trading serviceallowing users to copy strategies from experienced traders. Binance also offers this feature, but it is less advanced than on Bitget.
- Trading Bot: Both platforms offer the use of trading bots. Bitget offers bots for Spot and Futures trading, while Binance offers bots for Spot trading, including services like Spot Grid, Spot DCA, and Rebalancing Bot.
Both platforms offer staking and lending to generate passive returns on your assets, as well as launchpads to participate in sales of tokens.
Comparison of Binance and Bitget fees
THE costs can have a significant impact on long-term profitability, so it is necessary to compare them carefully.
| Costs | Bitget | Binance |
|---|---|---|
| Trading Spot | 0.1% maker / 0.1% taker | 0.1% maker / 0.1% taker |
| Trading Futures | 0.02% maker / 0.06% taker | 0.02% maker / 0.04% taker |
| Deposit | Free | Free |
| Withdrawal | 0.0005 BTC | 0.0005 BTC |
In terms of costs spot trading, Bitget and Binance are at tied with 0.1% for makers and takers.
For futures trading, Bitget has slightly higher taker fees at 0.06% versus 0.04% for Binance.
Both platforms have free deposits. For withdrawals, fees generally vary depending on the network of the blockchain used. In both cases, the costs are still the same.
Safety and regulatory compliance
The security of funds and personal data is a top priority for any crypto trader.
| Security aspect | Bitget | Binance |
|---|---|---|
| KYC mandatory | Yes | Yes |
| 2-factor authentication | Yes | Yes |
| Protection fund | $300 million | SAFU (Secure Asset Fund for Users) |
| Security audit | Yes | Yes |
Bitget and Binance Both take security very seriously, with two-factor authentication, regular security audits, and insurance funds to protect user assets.
Bitget did not require identity verification (KYC), which could potentially appeal to traders who prefer anonymity. However, since the September 1, 2023you must provide a valid ID to access Bitget’s trading services.
User experience and accessibility
A easy and intuitive interface can greatly improve the trading experience, especially for beginners.
Bitget and Binance both have customizable interfaces with advanced charting and different order types (limit, market, stop-limit, etc.).
However, some users find the Binance interface more refined and easier to use, especially with a Lite version that significantly reduces the interface’s features to keep only the essentials.
Both platforms offer mobile applications well-rated for trading on the go. The Bitget app has a rating of 4.5/5 on iOS and Android, while Binance has a rating of 4.7/5.
Customer service
A good customer support is essential to quickly resolve problems.
Bitget and Binance have a comprehensive help center with FAQs, articles, and tutorials for common questions. For personalized support, they have 24/7 live chat and email support.
THE user reviews Reviews of support quality are mixed for both platforms, with some praising the responsiveness while others report sometimes long wait times.
Generally, Bitget and Binance appear to offer a similar level of support.
Bitget vs Binance: Who Has the Better Mobile App?
An important criterion for many crypto traders is the quality of the mobile application. Indeed, being able to manage your positions and place orders easily since his smartphone has become indispensable.
Bitget offers a well-rated application, with a complete interface covering the essential functionalities of the web platform. It is easy to consult crypto prices, your portfolio, place orders and access copy tradingThe app has a rating of 4.7/5 on the App Store and 4.5/5 on the Google Play Store.
For its part, the Binance application is also very complete and appreciated by users with a rating of 4.7/5 on the App Store and 4.5/5 on the Google Play Store. In addition to the basic functions, it integrates a news feed, a learning space and even mini-games to earn crypto.
Both mobile applications are equal with perhaps a slight advantage to Binance for the additional features. But, the essentials are there on the two apps which allow you to trade simply from your mobile.
Innovation and technology
Beyond the basic features expected on a exchangethe platforms also stand out for their innovation capacity to offer new products and services to their users.
Bitget has for example been pioneer in social trading in cryptocurrency by launching its functionality in 2020 copy tradingallowing you to automatically copy the best traders. The platform continues to enrich this tool with a leaderboard and advanced statistics.
Binance is not far behind with many innovations in recent years: the launch of its own BNB Chain blockchain, of equity-backed tokens, NFTsof his Launchpad to participate in token sales, etc.
The exchange also invests heavily in Web3 projects and the metaverse via its investment fund.
It is difficult to separate the two platforms which demonstrate real dynamism in making evolve their servicesThis is good news for users who are constantly benefiting from new features.
Bitget or Binance: Which crypto platform to choose?
At the end of this comparison, Bitget and Binance appear neck and neck. Both platforms offer a quality experiencewhether in terms of selection of cryptos, fees, trading tools, mobile apps or security.
Binance stay one step ahead like world leaderwith maximum liquidity and a broader ecosystem, including its BNB Chain blockchain. But Bitget stands out for its unique offering of copy trading and its accessibility, particularly for the trading futures.
Ultimately, the choice will depend on your priorities. Binance will be a better fit if you are looking for the most complete and liquid exchange. The Bitget crypto exchange is a solid alternative, especially if the copy trading you are interested in and if you want to avoid the Binance restrictions in France.
The ideal is to make you your own opinion by testing both platforms. You can very well use Binance as your main exchange and Bitget as a complement to diversify and profit from your copy trading.
The main thing is to choose reliable platforms like these, and to invest gradually and responsibly in cryptos.
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