BingX vs Bitget: A Comparative Analysis of Trading Platforms

BingX vs Bitget: Comparison at a Glance


BingX and Bitget are two robust cryptocurrency exchanges that cater to a similar market but offer diverse experiences based on various factors like fees, supported cryptocurrencies, and user experience. Below is a table summarizing the key aspects of both platforms:

Supported CoinsExtensive range of cryptocurrenciesExtensive range of cryptocurrencies
Trading Fees0.1% for both makers and takers in spot trading0.02% for makers, 0.06% for takers in futures
  0.1% for makers and takers in spot trading
Withdrawal FeesDynamic, based on the networkDynamic, based on the network
Deposit MethodsMultiple methods including fiat and crypto optionsVarious options including bank transfer and crypto
Leverage150x in certain marketsUp to 125x leverage on futures
Trading VolumeHigh daily trading volumeSignificant daily trading volume
Products OfferedSpot, futures contracts, optionsSpot and futures trading

BingX, established a year after Bitget, has rapidly developed to offer a range of products, including spot trading and futures contracts. Bitget, with its modest earlier start, slightly leads in terms of the establishment. Despite both having headquarters in Singapore, they differ slightly in their fee structures, with Bitget providing a tiered fee approach for futures trading. Both platforms aim to cater to a global audience, evident from the diversity of cryptocurrencies supported and multiple deposit methods.

The leverage options vary between the two, with BingX offering up to 150x on some products, while Bitget offers up to 125x leverage on futures. Trading volumes for both exchanges are competitive, indicating a robust and active user base. When choosing between the two, consider these key differences to align with your trading preferences and requirements.

BingX vs Bitget: Futures Products and Services


When comparing BingX and Bitget in terms of futures trading, both platforms cater to your diverse investment needs by providing various futures trading products.


  • You can access a variety of futures contracts on BingX.
  • It also offers leverage on futures trading, but the specifications regarding maximum leverage are not explicitly mentioned in the provided data.
  • Your experience on BingX is enhanced with spot trading integration, which may benefit you if you’re looking to manage a diversified portfolio within a single platform.


  • Bitget stands out with its leverage options, offering up to 125x on futures contracts.
  • Records a significant daily trading volume, which indicates high liquidity that could facilitate the execution of your trades.
  • It also provides 50+ margin trading pairs, which might be a crucial factor if you’re seeking a wide selection.

Your user experience might differ based on the level of customer support. Bitget has a structured customer support system with a help center, email support, and 24/7 live chat. Meanwhile, BingX also provides continuous support, but the response time may vary depending on the complexity of your queries.

Both platforms have their distinctive features that may influence your trading decisions:

  • BingX may be appealing if you prefer a platform that integrates different types of trading seamlessly.
  • If you prioritize extensive leverage options and a broad range of trading pairs, Bitget could be more suitable for your futures trading activities.

As you navigate the futures products and services of BingX and Bitget, consider how the platforms align with your trading strategy and risk tolerance.

BingX vs Bitget: Futures Contract Types Available

When examining the futures contracts available on BingX and Bitget, you’ll find that each platform offers a variety of options tailored to different trading preferences. Let’s break down what they have to offer.

BingX provides a selection of linear perpetual contracts, which are settled in USDT, thus simplifying the trading process since you don’t need to own the underlying crypto asset. They are known as USD-M futures on the platform. BingX supports up to 100x leverage on many of its contracts, which allows for significant position sizing, but also comes with increased risks. Margin requirements vary depending on the specific contract and the position size you choose to take.

In contrast, Bitget stands out with its inverse perpetual contracts, where settlement is done in the cryptocurrency itself, for example, BTC or ETH. This can be more appealing if you want to trade in the native cryptocurrency without converting to a stablecoin. These are often referred to as COIN-M futures. Bitget also provides linear contracts as well as options, expanding your trading capabilities. Just like BingX, leverage can go up to 100x, but always keep in mind that higher leverage comes with the potential for higher losses if the market moves against you.

Both platforms accommodate traders looking for different contract types, such as inverse futures contracts. While BingX focuses on a simplified USDT-based system, Bitget diversifies with contracts settled in various cryptocurrencies, alongside offering options for more strategic trades. It’s critical to assess the margin requirements for each contract type as these will impact your available leverage and potential trading strategy.

BingX vs Bitget: Liquidity and Volume

When evaluating the performance of BingX and Bitget, your experience with each platform’s liquidity and volume is crucial for efficient trading. High liquidity generally leads to tighter spreads and a lower chance of slippage, meaning your trades are executed closer to your expected price point.

Liquidity Metrics:

  • Order Book Depth: BingX often shows a considerable depth in its order book, which can indicate a higher level of liquidity.
  • Slippage: Reports on BingX reflect minimal slippage, advantageous for executing orders at anticipated prices.

Volume Data:

  • BingX has been observed to have consistent trading volumes, contributing to market stability.

Liquidity Metrics:

  • Order Book Depth: Bitget displays competitive order book depth, facilitating the execution of large orders.
  • Slippage: Comparable to BingX, Bitget aims to minimize slippage, although market conditions can vary.

Volume Data:

  • Bitget records robust trading volumes, reinforcing its liquidity and attracting a variety of traders.

For actual metrics and rankings, sources such as CoinMarketCap and CryptoCompare provide real-time liquidity and volume data. These platforms offer snapshots of market conditions, which can guide your decision-making process.

It’s important to remember that higher volume often implies better liquidity, but you should consider the nature of that volume. Ensure it originates from genuine trading activity, as inflated volumes can mislead about the actual liquidity on an exchange. When trading on BingX or Bitget, you want to scrutinize both liquidity indicators as well as the reported volume to gauge the effectiveness and reliability of your trades.

BingX vs Bitget: Trading Fees and Rewards

When you trade on BingX and Bitget, you need to be aware of the trading fees and reward systems that affect your costs and potential bonuses. Both platforms offer competitive fees and incentives aimed at different trader actions and volumes.


bingx futures fees
  • Spot Trading Fees: 0.1% for both makers and takers.
  • Futures Trading Fees: As per the latest information, BingX fees for futures have not been specified in the search results.
  • Rewards: Bonuses such as sign-up rewards are available for new users.


bitget futures fees
  • Spot Trading Fees: Fixed at 0.1% for both makers and takers.
  • Futures Trading Fees: Makers pay a fee of 0.02%, while takers pay 0.06%.
  • Rewards: Promotions like sign-up bonuses offer up to 200 USDT for joining.

Fee Calculation Example:

For a $1,000 spot trade on either platform at the spot trading fee rate:

  • Fee: $1,000 x 0.1% = $1

For a $1,000 futures trade as a maker on Bitget:

  • Fee: $1,000 x 0.02% = $0.20

Discounts & Bonuses:

Both platforms adjust fees and offer bonuses to entice traders. Sign-up and referral bonuses serve as immediate rewards, while trading volume and loyalty can unlock additional discounts.

Deposit and Withdrawal Fees:

  • BingX: Varies depending on the cryptocurrency; no details are specified.
  • Bitget: Also varies by currency, with some offering zero withdrawal fees.

Traders should always verify current fees directly with the exchanges, as they can fluctuate. With these cost structures, you can effectively plan your trading strategies and maximize your returns by taking into account the impact of fees and rewards.

BingX vs Bitget: Deposits & Withdrawal Options

When managing your funds on cryptocurrency exchanges like BingX and Bitget, you’ll find different modalities for deposits and withdrawals that can affect your transactions’ efficiency.

BingX supports various payment methods for your convenience. You can deposit using cryptocurrencies or fiat currencies depending on your preference. The platform ensures swift processing times, but these can vary depending on the network congestion and the type of currency used. For withdrawals, BingX offers a range of cryptocurrencies. One notable feature is withdrawal whitelisting, which enhances security. The minimum and maximum withdrawal limits are designed to suit both small traders and large-volume traders, although exact figures can change, so it’s essential to check the current requirements.

Bitget stands out for its withdrawal options, catering to over 150 cryptocurrencies. In addition, you have the facility to withdraw fiat currencies, including EUR and GBP among others. If you’re a new or unverified user, you’ll be subjected to a daily withdrawal cap of 20 BTC, but upon verification, this limit substantially increases to 200 BTC. Deposit methods are similarly broad, ensuring that you can fund your account with ease, whether with crypto or fiat. Processing times for deposits are typically expedient, though they may vary according to your chosen method and current network activity.

Here’s a comparative glance:

Payment TypesCryptocurrencies, FiatCryptocurrencies, Fiat
Withdrawal WLYesNo specific mention
Withdrawal Limit UnverifiedVaries20 BTC
Withdrawal Limit VerifiedVaries200 BTC
Funding SpeedPrompt (varies by currency)Prompt (varies by currency)

Your choice between BingX and Bitget might hinge on these factors—whether you prioritize a broad selection of fiat withdrawal options or enhanced security features for withdrawals. Keep updated with each platform’s policies, as these can influence your deposit and withdrawal experience.

BingX vs Bitget: KYC Requirements & KYC Limits

When deciding between BingX and Bitget, it’s important to understand their Know Your Customer (KYC) policies. These are designed to prevent fraud and ensure security.

BingX KYC procedures:

  • Initial requirements: You must complete KYC before using the trading services.
  • Documents needed: Government-issued ID, proof of address, and a recent selfie.
  • Impact on limits: Verified accounts have access to higher withdrawal thresholds.

Bitget KYC procedures:

  • Signup: Registering an account on Bitget is a quick process, needing only a mobile number or email and a strong password.
  • Documents and verification: Following registration, you’ll also need to provide identification for KYC.
  • Withdrawal limits: Before completing KYC, you have a withdrawal limit of $50,000 per day and $100,000 monthly.

While BingX has a reputation for being a non-KYC crypto exchange in 2024, certain rules and limits apply to unverified users. Bitget’s verification procedures impact your daily and monthly withdrawal capabilities, where you must provide additional identification to unlock higher limits.

Understanding the KYC requirements and limits of both platforms can help you balance your need for privacy with your desired level of access and trading capacity.

BingX vs Bitget: Order Types

When trading on BingX and Bitget, you have access to a variety of order types designed to help you execute your strategies effectively and manage risks.

BingX offers several order types, including:

  • Market Orders: These orders allow you to buy or sell immediately at the current market price.
  • Limit Orders: Here, you specify the price at which you wish to buy or sell an asset.
  • Stop Orders: These orders become a market order once the stop price is hit.
  • Conditional Orders: These include the likes of TP/SL (Take Profit/Stop Loss), and OCO (One-Cancels-the-Other) where two orders are set up, and the activation of one cancels the other.

Bitget, on the other hand, also provides:

  • Market Orders: Instant transactions at the prevailing market prices.
  • Limit Orders: You set the desired purchase or sale price.
  • Stop Orders: Order executed once the asset reaches a specified price.
  • Conditional Orders: Similar to BingX, including TP/SL orders for securing profits or minimizing losses.

Both platforms give you the capability to implement strategies such as:

  • Post-Only Orders: Ensures the order adds liquidity to the market and often provides reduced fees.
  • Reduce-Only Orders: Their primary role is to reduce your position, not to increase it.

These tools, across both BingX and Bitget, empower you with the flexibility to trade according to the market conditions and your individual trading plan. They allow for both aggressive positions when the market moves quickly and cautious ones that wait for specific conditions.

BingX vs Bitget: Security and Reliability

When evaluating the security of BingX and Bitget, you’ll find both platforms prioritize protecting your assets and data.

BingX’s security measures include Two-Factor Authentication (2FA), withdrawal whitelisting, and cold storage solutions to help keep your funds safe from unauthorized access. They also have an advanced risk control system in place to monitor and mitigate potential threats.

Bitget, by comparison, focuses heavily on the security of your investments. With multi-signature wallets which require multiple keys to confirm transactions, and offline cold storage options, Bitget ensures that a significant portion of assets remain inaccessible to online threats. Additionally, 2FA is a standard security feature, and Bitget supplements this with an SSL encryption, aimed to secure your data during transmission.

Cold StorageYesYes (Offline Cold Storage)
WhitelistingYesNot Specified
Multi-SigNot SpecifiedYes
Risk ControlAdvanced SystemNot Specified
EncryptionNot SpecifiedSSL
Protection FundNot SpecifiedYes

Both exchanges have faced challenges common in the crypto exchange industry. However, the details on the resolution of these issues tend to be kept under wraps, with both platforms upgrading their systems post-incident to prevent future occurrences.

In terms of compliance and support, both BingX and Bitget work within the regulatory frameworks of the regions they operate in, striving to maintain good standing with financial authorities. Customer support is a key aspect of reliability, and each platform offers assistance through various channels to ensure you receive the necessary help when needed.

BingX vs Bitget: User Interface & Experience

When evaluating the user interfaces of BingX and Bitget, you’ll notice that both platforms prioritize ease of use and have implemented intuitive designs. Your experience navigating these platforms will likely be smooth, as they offer clear layouts with accessibility in mind.


bingx trading
  • Design: Modern and sleek, ensuring that new users can navigate with ease.
  • Navigation: Streamlined menus for quick access to various markets and tools.
  • Speed: Optimized for responsiveness, minimizing lag during trading.


bitget trading
  • Design: User-centric with an emphasis on simplicity and function.
  • Navigation: Intuitive interface with well-organized features.
  • Mobile App: A robust mobile application enhances trading on the go.
DesignModern and user-friendlyClean and functional
NavigationEasy with streamlined menusOrganized and intuitive
ResponsivenessHigh-speed performanceReliable and quick
Support24/7 email and live chat24/7 email and live chat
Mobile AppAvailable and intuitiveComprehensive and easy to use

BingX vs Bitget: Regulation and Compliance

When assessing the regulatory standing of BingX and Bitget, you should consider their commitment to adhering to the legal frameworks set by the jurisdictions they operate within.

BingX, operational since 2018, is headquartered in Singapore. As a financial hub with stringent regulations, Singapore requires crypto exchanges to comply with the Monetary Authority of Singapore (MAS) regulations. Your confidence in BingX can be bolstered by the fact that it adheres to these local regulations, although the specific licenses and certifications should be verified directly with the platform.

Bitget, launched in 2017 and also based in Singapore, operates under similar stringent standards. As with BingX, Bitget is expected to meet MAS’s compliance requirements for crypto exchanges. You must check Bitget’s specific regulatory approvals to ensure they align with your standards for compliance and safety.

ComplianceAdheres to MAS regulations, details should be confirmedSubject to MAS oversight, confirm specifics directly


When considering BingX and Bitget as your go-to crypto exchange platforms, your decision should hinge on your level of experience and trading requirements.

BingX stands out as an accessible option for beginners. It has a user-friendly interface and a support system that’s available around-the-clock via live chat and email. Although you may encounter delays for complex issues, the support is generally efficient.

In contrast, Bitget is tailored more towards advanced traders. It offers a nuanced array of features that can be leveraged for more sophisticated trading strategies.

Fees are a crucial point of comparison. Bitget typically charges a 0.02% fee for makers and a 0.06% fee for takers in futures trading. Meanwhile, spot trading incurs a 0.1% fee for both.

User LevelBeginnersAdvanced Traders
Support24/7 Live chat and EmailNot specified
Trading FeesComparatively higherLower for futures

Your choice should align with your trading preferences and the level of support you expect to receive. If you are just stepping into the world of crypto trading, BingX would likely serve you well, providing the necessary guidance as you learn.

For veterans in the field, equipped with the tools and know-how to navigate complex trading, Bitget offers a competitive platform where your skills can thrive.

Comparing BingX & Bitget Against Competitors:

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