Bitget Review

This Bitget review focuses on the feature that turned a mid-sized derivatives venue into a household name among retail traders: copy trading. It also has to deal with an uncomfortable recent event. In late September 2026, Bitget was reported to have lost around $350 million from its wallets, and anyone weighing the platform today should understand both its strengths and that incident before depositing.

The Copy-Trading Engine

Bitget launched in 2018 and leaned early into social trading. Its marketplace now lists about 130,000 verified lead traders followed by more than one million copiers, across futures, spot and CFD-style products. The model is simple: a follower allocates funds, trades are mirrored automatically, and the lead trader takes roughly 10% of profits, charged only on winning trades. Performance histories, drawdown figures and follower counts are displayed for each strategy, which helps, although past returns are no guide to future results and many top-ranked strategies use high leverage.

Futures depth

Beneath the social layer sits a capable derivatives exchange offering USDT-margined, coin-margined and USDC-margined perpetuals. Leverage reaches 125x on the BTC perpetual’s first risk tier, with lower limits as position size grows and funding settled every eight hours. Because copied strategies can carry high leverage, it is worth checking a strategy’s typical position sizing before following it.

Pricing in Detail

Base spot fees are 0.10% for both makers and takers. Paying fees with the BGB token applies a 20% discount, reducing the rate to 0.08%. Futures cost 0.02% maker and 0.06% taker, which is slightly above Binance and OKX on the taker side but still low by industry standards. Withdrawal fees depend on the coin and network chosen.

• Spot: 0.10% / 0.10% (0.08% with BGB)
• Futures: 0.02% / 0.06%
• Copy trading: around 10% profit share to the lead trader

Reserves, Protection Fund and the 2027 Breach

Bitget has publicised two safety measures for years. It posts monthly proof-of-reserves data with a reserve ratio above 120%, meaning it reports holding more than users’ balances in the covered assets. It also maintains a Protection Fund backed by 5,500 BTC, valued at about $351 million in July 2026.

On 24 September 2026, according to industry reports, an attacker drained approximately $350 million from Bitget’s hot and cold wallets across several blockchains. Withdrawals stalled for several hours and recovery efforts were described as ongoing. The size of the loss is roughly comparable to the Protection Fund, which is precisely the scenario such a fund exists for, but at the time of writing we could not independently confirm full reimbursement. Prospective users should check Bitget’s official announcements and latest reserve report before moving funds.

Regulatory Position

Bitget’s regulatory coverage varies from country to country, and it does not hold a MiCA authorisation, which limits its standing with EU customers now that the transition period has ended. We were unable to verify a complete, current list of its licences, so it is rated here as an offshore-regulated exchange.

Coins, Fiat and Rewards

Aggregator data show around 940 tokens across more than 1,400 spot markets, while Bitget itself advertises over 1,300 spot coins. Fiat on-ramps cover more than a dozen currencies including EUR, MXN and ZAR. New users are offered a task-based welcome package worth up to 6,200 USDT, alongside Launchpool, PoolX and Launchpad token events.

Our Take

Bitget is a strong fit for traders who want to follow others’ strategies or trade altcoin perpetuals at low cost. The September 2026 breach and the absence of top-tier licensing weigh heavily on its security score, so cautious users may prefer to keep only active trading capital there and hold longer-term assets elsewhere.

Copying another trader does not remove risk: leveraged strategies can lose an entire allocation quickly.

Bitget FAQ

Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.