Bitget Trading Fees | Explore How They Compare Today
Mike Harry
Feb 2024
6 min read
Fact checked
Introduction: In this breakdown, we explore Bitget's overall Trading Fees structure in detail. Our goal is to provide our readers with a thorough understanding of all the associated fees including but not limited to overall exchange fees, trading fees, futures fees, deposit and withdrawal fees and much more!
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Bitget Fees
Bitget exchange was founded in 2018 and is a fast growing cryptocurrency exchange currently serving more than 8 million users across 100 countries.
Bitget Fees
Since Bitget’s official launch in the crypto derivatives market in 2019, the platform has become one of the largest crypto copy trading and derivatives exchanges in the world.
Users on Bitget can buy, sell and trade over 450 cryptocurrencies in addition to use trading products such as futures, copy and margin trading with leverage.
Bitget app
When it comes to the fees charged by an exchange like Bitget, the are a wide variety of them. This includes maker and taker fees for spot, futures and margin trading for example.
A maker fee is charged when someone adds liquidity to the market. This is typically done by placing a limit order below the market price if buying, or above the market price if selling. These orders do not execute immediately and instead wait for a taker to match with them.
A taker fee on the other hand is charged when someone removes liquidity from the market. They do this by placing orders that are executed immediately at the current market price, "taking" existing orders from the order book.
In addition to trading fees, there are also deposit and withdrawal fees to take into consideration which is about the costs involved to deposit funds to and from the exchange. Let's continue by looking at the fees charged by Bybit for each of these fee types.
Bitget Trading Fees
If we begin with the spot trading fees charged by Bitget, those are 0.1% for makers and takers alike. Bitget also offers low spot trading fees if their users are trading with their native BGB token or if their trading volume exceed certain 30-day thresholds.
Bitget spot trading fees
Bitget Futures Trading Fees
Moving on to futures fees, Bitget charged a maker fee of 0.02% for makers and 0.06% for takers.
Similar to spot trading, these fees can be further reduced if Bitget users either trade using the BGB token or they reach VIP status which can be achieved by trading for over $50 million during a 30-day period.
Bitget Futures Fees
Bitget Margin Trading Fees
Bitget charges margin fees for borrowing money to trade. The daily fee is 0.007%, charged on the borrowed amount for each day you hold a position.
For example, if you borrowed $10,000, you would be charged $0.7 (0.007% of $10,000) per day.
The annual fee is 2.555%, charged on the borrowed amount if the position is held for a year. These costs are calculated on the outstanding loan amount.
Bitget Margin Fees
Overall, Bitget charges very competitive fees for both spot and futures trading. For those that want to in more detail compare Bitget to other exchanges, we recommend reading our comparison of Bitget vs Bybit and Bitget vs Kucoin.
Bitget Funding Rate
Bitget funding fee refers to an amount that is transferred between users who hold opposite positions on the platform.
As such, the funding rate is not a charge imposed by Bitget itself. In simple terms:
1. The fee is generated every 8 hours – at 07:00, 15:00, and 23:00 UTC+08:00. If you have an open position at these times, you may have to pay or receive a funding fee. 2. The fee is deducted from the fixed margin of your position. It will be charged until your margin rate equals the maintenance margin rate. If you have high leverage, you might not be charged a funding fee at some points. 3. How it's calculated: Funding Fee = Funding rate * position value. Your position value is independent of your leverage or margin allocated.
Bitget Deposit Fees
Bitget does not charge any fees when users deposit cryptocurrencies on the exchange. At the time of writing, Bitget also does not support deposits of fiat currencies.
Instead, 40 fiat currencies are supported for buying crypto with credit/debit card via third party providers. The commission fees when using this service can start from 2% commission and increase depending on which provider is being used and which cryptocurrency is being bought.
Bitget Withdrawal Fees
When it comes to the withdrawal fees on Bitget, the exchange does not offer any type of fiat withdrawal. As such, the only assets that can be withdrawn from the exchange are cryptocurrencies. The crypto withdrawal fees on Bitget varies depending of which cryptocurrencies is being withdrawn.
Bitget Withdrawal Fees
Below we have outlined the withdrawal fees associated for a selection of 5 well known cryptocurrencies:
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
