The Cryptocurrency exchange market They are constantly expanding, with some being more popular due to trading volumes, others due to the types of trading services and still others due to the number of cryptocurrency pairs they offer. In this complex context, it is necessary to make the right assessments before proceeding with the selection of the most interesting trading platform.
In fact, every cryptocurrency exchange has its own characteristics that bring some of them Specific advantages for traders Who needs it. Here’s a mirror Compare Bitget, Binance, and Bybit crypto exchanges.
Crypto exchange in comparison: Bitget characteristics
Founded in 2018, cryptocurrency exchange Bit It offers trading solutions to its 2 million users. CoinGecko ranked it among the top five exchanges globally by derivatives trading volume, after it was established Over $100 billion in turnover in 2021 alone.
In general, Bitget provides services Spot tradingOTC, Futures, Grid, P2P and the ability for users to earn Bitget Tokens (BGB), while startups launch their new coins on Launchpad. The platform currently offers 68 different types of fiat currencies which users can deposit to buy up to 11 different types of cryptocurrency.
Not only that, Bitget offers its users grid trading which is an “autocurrency trading” strategy which consists of buying repeatedly at the “predetermined” price, and waiting for the price to rise above that level to sell the position.
For both companies and investors, Launchpad allows startups to receive support for their new venture, while for investors there is a possibility Buy these tokens before it becomes available to the public.
For fans of peer-to-peer or peer-to-peer trading, which involves two people buying or selling cryptocurrencies from each other, Bitget offers some advantages such as:
- Without fees
- There is no fiat-kyc combination for users and dealers;
- speed thanks to the “SKP” system;
- More solutions (dealer, fast, peer-to-peer).
Bitget, Binance, and Bybit in CoinGecko rankings
As expected, choosing a cryptocurrency exchange depends a lot on the different options Features offered by the platform and by its competitors.
Thus, according to the rankings reported by CoinGecko, among the three exchanges, if one wants to consider trading volumes, Binance is the largest cryptocurrency exchange in the world, followed by Bybit (in third place globally) and then by Bitget (located at 16th) .
Of course, the situation can change if we take into account other specific services. Indeed, if the ranking is based on the number of “cryptocurrency pairs” offered by exchanges, Binance is still in first place with 1,449 pairs, followed by Bitget with number 424 and Bybit with 335 trading pairs.
CoinGecko also mentions a file arrangement cryptocurrency futures exchange, While Binance Futures always remains at the top of the three exchanges for open interest and trading volume, while the second place is again Bit and then bytes.
Advantages offered by Bitget over futures: Copy trading
continuing with comparisonif a user trader wants to stop exchanging and analyzing different cryptocurrencies Show futures Bitget itself could be re-evaluated, against Binance and Bybit.
For example, while with binance The user borrows money as margin, as costs rise, Quanto swap contracts are used in Bitget that support various digital currencies (such as BTC, ETH, USDT) such as transaction margin, including cross currency. In this way, the digital currency exchange process and transaction fees are reduced. On the contrary, Bybit does not provide this feature.
Other strengths of futures contracts on Bitget are:
- Low costAs there are no liquidation fees
- ability to adjustStop orders“When you are in open and closed positions. On Binance and Bybit, this only happens with open positions and not closed positions.
- The Reverse tradingnot on Binance while yes on Bybit
- support for Copy tradingwhich is not on Binance or Bybit
Specifically in copy trading, Bitget offers advantages to its users, allowing them to copy operations created by expert traders to generate profits. The functionality is simple, clear and easy to use even for novice users, as well as allowing real-time control of placed trading orders.