Which Crypto Exchange Is Better?

What Binance Offers:

• Spot trading: Binance enables users to buy/sell 9,048+ coins in the spot market using advanced trading tools. It also supports 1,600 trading pairs.
• Futures trading: You can engage in contract trading via the Binance Futures platform. It supports stablecoin-settled and coin-settled perpetual contracts and expiry (delivery) futures. Currently, the exchange features 653+ futures pairs. 
• Options trading: For derivative enthusiasts, Binance offers USDT-settled option contracts on popular cryptocurrencies, including BTC, ETH, SOL, XRP, DOGE, and BNB. 
• P2P trading: Binance’s peer-to-peer platform allows you to buy, sell, or trade cryptocurrencies with other traders at preferred prices. It supports 800+ payment methods and 100+ fiat currencies, including 70+ local currencies. 
• Demo trading: If you want to master trading in a simulated environment that emulates real-world conditions, the demo trading feature is helpful. It helps you test various strategies using virtual funds and compute gains/losses before investing actual money.
• Trading bots: If you’re seeking automated trading tools to make profits regardless of market conditions, Binance’s bot marketplace is worth exploring. It features various customizable bots, including spot grid, futures grid, spot DCA, futures TWAP, and arbitrage bot. 
• Copy trading: This feature helps you replicate the strategies of experienced traders with a single click. Based on your investment amount, the system automatically copies the trades of your chosen experts.
• Earn: Through Simple Earn, you can stake 300+ crypto assets for fixed or flexible durations to receive passive income. To help you earn higher yields, the Binance exchange offers advanced products like dual investment, smart arbitrage, and discount buy.
• Binance wallet: It is a self-custody Web3 wallet powered by advanced multi-party computation technology. It helps you manage digital assets across multiple chains seamlessly. With built-in integration to Binance Bridge and other DEXs, traders can explore cross-chain dApps and swap tokens at the best prices. You can also earn staking yield of up to 0.75% APY.

Binance vs Bitget: Trading Fees

While both crypto exchanges charge the same spot fees, Binance imposes lower taker fees for futures contracts. Binance also offers higher fee rebates to native token holders. In terms of withdrawal fees, both charge similar rates. However, you can withdraw some cryptocurrencies from certain chains at a lower cost on Binance.

Binance vs Bitget: Supported Cryptocurrencies, Trading Volumes, And Liquidity

Binance vs Bitget: Security Comparison

Binance Security Measures

• Secure Asset Fund for Users (SAFU): To protect user assets, Binance has set up an emergency fund by committing a percentage of its total trading fees. The platform maintains a fund value of $1 billion in USDC. 
• Proof-of-reserves (PoR): The Binance exchange ensures that all customer assets are fully backed at 1:1. It also publicly discloses its reserves to maintain 100% transparency.
• Hot and cold wallets: Binance stores traders’ assets in cold wallets and utilizes hot wallets for speedy transactions.
• Privacy-focused architecture: Binance ensures that privacy and data protection are built into its products and services. It has implemented advanced encryption protocols to safeguard users’ data from loss, misuse, and unauthorized access. 
• Account-level security features: For enhanced security, Binance has implemented additional measures like device management, two-factor authentication (2FA), withdrawal whitelisting, and anti-phishing passcode.

Bitget Security Measures

• Protection fund: Bidget has established a protection fund to safeguard customers’ assets from cyber threats. The fund is currently valued at $741 million.
• PoR: Bitget ensures that 100% of user assets are held in reserves, and it publishes monthly updates on its Merkle Tree proof, platform reserves, and reserve ratio.
• Dual-wallet system: The exchange leverages hot cum cold wallets for added security. It also preserves your funds and assets offline in cold storage. 
• Other security features: Apart from the above measures, Bitget has implemented account-level safety features like 2FA, withdrawal allowlisting, fund codes, and anti-phishing codes.

Bitget vs Binance: Affiliate & Referral Programs

Pro Tip: Don’t forget to explore the additional perks offered to new users when you open an account on these exchanges. We dive deeper into the benefits available with the Binance referral code and Bitget referral code in this detailed review.

Binance Vs Bitget: User Experience & Customer Support 

On Google Play and Apple stores, both Binance and Bitget mobile apps enjoy user ratings of over 4.5/5. However, on review sites like Trustpilot and Reddit, both exchanges have garnered mixed reviews. Traders have reported issues with withdrawals, fund losses, and frozen accounts. Additionally, some Binance users are dissatisfied with its identity verification process and token recommendations.

Both cryptocurrency exchanges provide 24/7 customer assistance via live chat and e-mail, and provide a help/support center. From FAQs and self-services to user guides and tutorials, you’ll find everything you need to navigate the platforms effortlessly. 

However, many users are dissatisfied with Binance’s customer support due to its slow response rate. Conversely, on Bitget, traders face challenges connecting to human agents.

Bitget Vs. Binance Review: Conclusion

In the crypto world, Binance and Bitget offer smooth trading experiences with user-friendly interfaces, diverse payment methods, and high liquidity. They also support various order types, including limit and market orders. While Binance leads in scale, Bitget impresses with copy trading and Launchhub. Overall, both exchanges make your crypto journey more secure and rewarding.

FAQs

Is Bitget a trusted exchange?

Bitget is a legally-compliant crypto exchange with robust security measures like multi-signature cold storage, withdrawal whitelisting, 2FA, and fund codes. It also maintains a protection fund to safeguard traders’ assets. Therefore, Bitget is trustworthy. 

What exchange is better than Binance?

One exchange that is better than Binance is Bitget, especially for copy trading and gaining access to high-quality tokens. Unlike Binance, it hasn’t faced major security breaches either. 

Between Bitget vs Binance, which exchange charges lower fees?

Overall, Binance has a more competitive fee structure. However, Bitget’s crypto debit card fees are lower. 

Which platform is more beginner-friendly: Binance or Bitget?

Binance has more features for beginners, including easy options, demo accounts, and a user-friendly interface. Moreover, its Academy is a treasure trove of learning resources that familiarize you with the nitty-gritty of crypto trading. 

Which exchange is secure: Binance or Bitget?

Though Binance has more potent security features, it has faced two major hacks since its inception. In May 2019, malicious actors stole 7,000 BTC (worth $40 million at that time) from its hot wallets. In October 2022, hackers exploited a cross-chain bridge connected to the BNB Chain and stole BNB coins worth $570 million. Therefore, Bitget is safer.