BingX vs Bitget | Best Exchange For Professional Traders?

Let's continue by looking into the cryptocurrency trading fees with a face-off between BingX and Bitget!

First up we have BingX which offers a range of spot trading fees depending on the cryptocurrency being bought. If you're trading popular coins like Bitcoin (BTC) or Ethereum (ETH), you'll enjoy low spot trading fee of only 0.1% for makers and takers. This is considered quite competitive in the market.

However, if you want to dabble in some lesser-known altcoins, the fee goes up to 0.2%. For those that wish to trade derivatives products, the maker fees begin at 0.045% with the taker fees starting at 0.075%.

Compared to the most well known futures exchanges in the market, these fees are a very higher than the average.

Bitget provides spot trading fees for makers and takers at a flat rate of 0.10%. These fees can further be reduced by those whose trading volume exceed certain thresholds during a 30-day window.

Bitget also takes pride in its low futures trading fees by setting the maker fee at 0.01% and the taker fee at 0.06%. These fees are lower than industry standards and make Bitget an attractive platform for those venturing into futures trading.

As such, Bitget is simply the more competitive exchange when it comes to both spot and futures trading compared to BingX.

BingX and Bitget are two cryptocurrency exchanges with different features and options for depositing funds.

Starting with BingX, this exchange does not support fiat deposits. This means that users can only deposit cryptocurrencies into their BingX account. So, if you already have cryptocurrencies, BingX can be a convenient exchange to deposit them and begin trading.

For those that don't hold any crypto, BingX also provide users with the option to buy cryptocurrencies using credit cards through third-party providers like Banxa and MoonPay.

On the other hand, Bitget offers support for a wide range of fiat currencies, making it more versatile for users who prefer trading with fiat currencies. Bitget supports 40 fiat currencies for buying cryptocurrencies with a credit/debit card.

However, similar to BingX, Bitget also does not support any type of fiat deposits which is one of the drawbacks of the exchange. This means that users can only deposit cryptocurrencies into their Bitget account.

When it comes to withdrawing funds, BingX and Bitget offer different options and fees depending on the blockchain. While BingX does not offer fiat withdrawals, users can still withdraw their cryptocurrencies with varying fees.

For Bitcoin withdrawals, BingX charges a 0.0002 BTC fee. If you're looking to withdraw Ethereum, there is a 0.00076 ETH fee. Withdrawing SOL on BingX comes with a 0.0008 SOL fee. Finally, if you have ERC-20 USDT and want to withdraw it, there is a 6 USDT fee.

On the other hand, Bitget also does not support fiat withdrawals but provides multiple cryptocurrency withdrawal options. Bitcoin withdrawals on Bitget, there is a fee of 0.0005 BTC.

When it comes to Ethereum withdrawals, Bitget charges a fee of 0.0006 ETH. Withdrawing SOL on Bitget comes with a fee of 0.0074 SOL. Lastly, if you want to withdraw ERC-20 USDT, there is a fee of 3 USDT.

In conclusion, both BingX and Bitget are well known players in the crypto industry with their wide range of services catering to a global user base.

BingX has over 5 million users and supports over 350 cryptocurrencies, while Bitget boasts over 8 million users and supports 450 cryptocurrencies.

In terms of signup processes, both exchanges offer simple and straightforward procedures and neither require KYC verification in order to signup, deposit cryptocurrencies and begin trading.

When it comes to trading fees, Bitget is more competitive than BingX. BingX's spot trading fees range from 0.1% to 0.2% depending on which cryptocurrencies users buy, while Bitget offers a flat rate of 0.10% for spot trading for both makers and takers.

For futures trading, BingX charges maker fees of 0.045% and taker fees of 0.075%, while Bitget's maker fees are set at 0.01% and taker fees at 0.06%. While both exchanges provide competitive and reasonable fees for traders, Bitget has the advantage.

Regarding deposit and withdrawal options, BingX and Bitget both only support cryptocurrencies as no fiat currencies are supported by either exchange. For those that don't hold any crypto, they can buy using their credit/debit card on either exchange buy via third party providers.

So who do we declare as the winner in this comparison? In short, Bitget takes the victory by offering more products and cryptocurrencies than BingX, but also by offering lower fees overall!