Oleg Galeev

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Bitget Review 2025: My Trader’s Daily Experience (Honest Warnings For Canadians)

Last updated January 13, 2025

Bitget is a cryptocurrency exchange I use daily for trading in Canada, thanks to its industry-leading low fees. As a trader from British Columbia, I should note that Bitget isn’t available to Alberta residents due to local regulatory restrictions. The platform offers access to over 1,000 trading pairs, opportunities to earn from new coin launches, and has always provided reliable deposits and withdrawals in my experience.

While it’s primarily designed for experienced traders like myself, there are some important considerations before jumping in. Having tested over 50 crypto exchanges for Canadians, I’ll share my hands-on experience using Bitget in Canada through this detailed review. For a visual walkthrough, you can also check out my video tutorial on our YouTube channel.

Quick Summary About Bitget For Canadians

Bitget offers a range of features tailored to advanced traders, including futures trading, lending, copy trading, and bot trading. It’s ideal for those seeking charting tools, order book data, advanced order types, and low fees for frequent trading.

With hundreds of cryptocurrencies available, Bitget is a great platform for buying altcoins. Trading fees are competitively low at just 0.1%, and they can be reduced further by paying with Bitget’s native token, BGB. Recently, as exchanges like Binance and ByBit exited the Canadian market, many Canadians have turned to Bitget as the top alternative. Based on my experience, I completely agree—it’s a strong contender for advanced traders.

While direct CAD deposits aren’t supported, I’ve found several efficient workarounds:

  1. Transfer existing crypto (free deposits). E.g. buy crypto on Coinbase first, then transfer to Bitget (my preferred method – check my video tutorial for a step-by-step guide)
  2. Use third-party bank transfer services
  3. Pay with credit/debit cards

These options make Bitget highly accessible despite the lack of direct CAD support. Having actively traded on numerous platforms, I’ve found Bitget’s combination of features and low fees makes it particularly appealing for dedicated traders.

  • bitget logo

    4.5/5

  • Pros & Cons

    • Low trading fees
    • Hundreds of altcoins
    • Advanced features
    • Simple KYC process
    • No Interac e-Transfer
    • Confusing for beginners
    • No CAD deposits and withdrawals
  • Fees

    • Low maker/taker trading fees (0.1%)
    • BGB holders’ discount on trading fees
  • Coins

    Over 1000 coins

I also included Bitget on #1 spot in the of the best crypto exchanges for Canadians in few categories:

Bitget Features For Canadians

main page for bitget article

Bitget boasts a wide range of features, including margin trading, lending, staking, futures trading, and bot trading. However, due to regulatory restrictions, many of these options are unavailable to Canadians.

That said, Canadians can still use Bitget to buy and sell crypto with minimal fees. It’s an excellent choice if you’re looking for an altcoin that isn’t available on Canadian exchanges.

Similar to platforms like Binance or KuCoin, Bitget stands out for its low trading fees, making it ideal for active traders. By depositing USDT into your Bitget account, you can trade altcoins at a very low cost, making it a practical option for Canadians seeking a broader selection of cryptocurrencies.

Registration & Verification with Bitget as a Canadian

What You Need to Open an Account:

  • Email address
  • ID document
  • Selfie
  • Be 18+

To sign up and start trading on Bitget you will need to go through a verification process to start trading. 

You will have to upload an identity document and a selfie. 

In your account profile, go to “ID verification”. 

ID verification with BitgetClick “individual verification” and you can complete the process by entering your name date of birth, and ID document number. 

individual verification with Bitget for Canadians
Finally, you will need to upload pictures of your ID as well as a selfie.

Final step of identity verification with Bitget

Does Bitget Allow Trading Without KYC?

No, Bitget requires KYC (identity verification) for all users. This includes providing government ID and proof of residence before you can trade. If trading without identity verification is important to you, you can check my comprehensive guide to no-KYC exchanges available for Canadians here.

Fees

  • Low maker/taker trading fees (0.1%)
  • BGB holders’ discount on trading fees

The major reason I trade on Bitget daily is their exceptionally low trading fees, which make it my preferred platform for altcoin trading. While I can deposit crypto for free, buying with CAD requires either a debit card or third-party services like Banxa. Since these payment methods come with higher fees, I typically buy my crypto elsewhere first. From my experience, Bitget works best if you’re depositing crypto directly rather than using it as your primary fiat-to-crypto exchange. That’s why I usually purchase on Coinbase first and then transfer to Bitget to take advantage of their low trading fees. I also use their P2P marketplace and it worked well for me.

Currencies & Deposit Methods

Bitget doesn’t support direct CAD or USD fiat deposits, but there are cost-effective alternatives for Canadians. The most affordable way to buy altcoins on Bitget is by depositing USDT or another stablecoin from a Canadian crypto platform. Alternatively, you can use Bitget’s P2P platform, which allows you to deposit directly via Interac e-Transfer without any commissions—a great option for keeping costs low.

If you opt to use Banxa, you’ll create an order and pay via Interac e-Transfer or card payment, with the purchased crypto deposited directly into your Bitget wallet.

While using a credit or debit card is another option, it may present challenges for Canadians. Some Canadian banks restrict crypto transactions, and card fees can exceed 5%, which is quite steep. For this reason, I’d recommend sticking with the P2P platform for a seamless and cost-effective experience.

Warning: Important Information for Canadian Traders on Bitget

Bitget can’t provide traditional Canadian banking options like Interac e-Transfer or direct bank transfers due to its regulatory status in Canada. However, this trade-off comes with significant advantages I’ve discovered: some of the lowest trading fees I’ve seen and access to over 1,000 trading pairs that most Canadian exchanges don’t offer.

For deposits, I use two main methods:

  1. P2P trading (while this carries some risks, I’ve found Bitget’s P2P system reliable)
  2. The Coinbase combination method I explained earlier

For withdrawals, here’s my tried-and-tested method that minimizes fees:

  1. Sell my assets on Bitget to USDC
  2. Transfer USDC to NDAX
  3. Convert to CAD
  4. Wire transfer to my TD Bank account

Yes, these extra steps require more effort. But from my experience, the savings from Bitget’s ultra-low fees and access to numerous trading opportunities more than make up for this minor inconvenience.

Bitget Spreads

A spread in trading refers to the difference between the highest price a buyer is willing to pay (bid price) and the lowest price a seller is willing to accept (ask price). This difference is where exchanges make their profit.

Bitget is known for its low fees and competitive spreads, comparable to platforms like Binance and KuCoin, making it an attractive choice for frequent traders.

However, if you use a third-party service like Banxa to purchase crypto via Interac e-Transfer, be aware that they often include a higher spread in their pricing. This means you may receive less crypto than you initially expected, so it’s worth factoring this into your purchasing strategy.

How Much Does it Really Cost To Trade with Bitget?

We used Banxa to purchase $100 worth of BTC. While there’s no direct fee for this service, trading fees and spreads significantly impact how much crypto you actually receive.

In our case, we received 0.00331814 BTC, equivalent to $94.09. The amount you’ll receive is clearly displayed on the Banxa order form before submission, so there are no surprises. This means we effectively paid $5.91, or 5.91%, in fees. Given that Bitget charges a 0.1% trading fee, the remainder represents Banxa’s spread. That’s why I never recommend use Banxa. If you buy crypto on Coinbase first, then transfer to Bitget (my preferred method – check my video tutorial for a step-by-step guide) you’ll save A LOT, and you can significantly reduce fees to 0.5% or so. 

It’s also worth noting that Bitget doesn’t support CAD withdrawals. To cash out, you’ll need to withdraw crypto instead. For example, if you purchase a token on Bitget and later wish to sell it, you can trade it for a stablecoin like USDC. Then, withdraw the stablecoin to a Canadian exchange (I use NDAX), sell it for CAD, and transfer the funds to your Canadian bank account.

Bitget Liquidity

Bitget is a large crypto exchange with more than $482 million in daily trade volume and therefore has sufficient liquidity. CoinMarketCap gives Bitget a rating of 683 out of 1000 for its BTC/USDT pair meaning it has good liquidity. In comparison, Binance, the world’s largest exchange, has a score of 1000.

How Long Do Deposits Take?

We used Banxa to send an Interac e-Transfer order to Bitget. The order took 30 minutes to complete. 

However, I prefer my faster method using Coinbase, which takes roughly 10 minutes total:

  1. Deposit to Coinbase (e-transfer): ~2 minutes
  2. Convert to USDC: 1-2 minutes
  3. Transfer to Bitget wallet: 4-6 minutes

I’ve found this Coinbase method consistently reliable, cheaper and faster than using Banxa, which is why it’s become my go-to approach for funding my Bitget account.

How Long Does it Take to Withdraw Coins?

Withdrawals depend on the blockchain network. To withdraw bitcoin to a private crypto wallet it can take up to 10 minutes. Bitget does not allow CAD withdrawals. 

Security and safety

Is Bitget safe for Canadians to use? We believe it is, but as with any crypto platform, it’s wise to exercise caution.

Bitget offers robust security measures to protect your account. Two-factor authentication (2FA) is mandatory, and the platform sends email alerts for every login attempt and withdrawal. Additionally, you can set up an anti-phishing code, which is included in all emails from Bitget, allowing you to verify their authenticity and avoid scams.

To further safeguard customer funds, Bitget provides emergency insurance coverage of $300 million. This fund is designed to compensate users if they lose assets through no fault of their own, offering an added layer of protection and peace of mind.

Mobile and Desktop App Review

The Bitget platform can be confusing for beginners since there is advanced charting and order book data.

Bitget advanced trading

If you want to place market or limit orders, you’ll need to trade from your spot trading account. Crypto pairs are conveniently listed on the left side of the platform, and you can use the search bar to quickly find the pair you’re looking for.

For purchasing crypto with fiat using a third-party service, select “Quick Buy” under the “Buy Crypto” option in the top menu. From there, you can enter the amount of Bitcoin or other cryptocurrency you wish to purchase and create an order through Banxa. Payments can be made via Interac e-Transfer, after which Banxa will buy the crypto on your behalf and deposit it directly into your Bitget wallet.

However, keep in mind that Banxa includes a high spread in its pricing, which can significantly impact the amount of crypto you receive.

Finishing transaction with Bitget using Banxa
Mobile App

Bitget’s mobile app has a 4.4-star rating on the Apple App Store and a 4.6-star rating on Google Play

Bitget mobile app main screenshot

The app offers the same trading features as the desktop platform and therefore can be confusing for beginners. However, if you need advanced trading data on the go, then the mobile app is worth downloading.

Bitget mobile app screenshot
Customer support

Bitget has a 2.2-star rating on Trustpilot, which might raise eyebrows for some users.

The most common complaints revolve around unhelpful customer support and skepticism toward the copy trading feature, with some claiming it’s a scam. From my perspective, these complaints seem to stem more from a lack of understanding of how copy trading works rather than an actual fault with the platform. Personally, I don’t rely heavily on Trustpilot reviews to assess a crypto exchange, as they often reflect frustration from users unfamiliar with certain features rather than genuine platform issues.

Bitget negative review in Trustpilot #1

Some people enjoy Bitget, however and have no problem with the exchange.

Bitget positive review on Trustpilot

Bitget is not a crypto exchange for beginners and if you do not know how copy trading or futures trading works, then it is not a good idea to use them, as this customer points out. 

After 2.5 years of daily trading on Bitget, I’ve had zero issues. Solid 5 stars from me.

Does Bitget have an OTC desk?

Bitget does not currently have an OTC Desk but it does offer personalized services to institutional clients.

Does Bitget Offer Staking and other features?

Bitget offers several earning opportunities, including staking. For example, you can deposit BUSD or USDT and earn up to 8% APY. Other cryptocurrencies have varying yields, such as 3% APY for MATIC and 5% APY for DOT, providing flexibility based on your portfolio.

Additionally, Bitget allows you to stake their native token, BGB. This can be an effective way to accumulate BGB, which can be used to pay for discounted transaction fees—a smart strategy for active traders looking to reduce costs.

Does Bitget Restrict or Freeze Accounts?

Any crypto exchange has the ability to freeze your account if they suspect suspicious behaviour such as trading larger amounts, or more frequently, than usual. This is to protect you from fraud since someone may have gained access to your account. The exchange may suspect you of money laundering or other criminal activities as well and may freeze or close your account without warning. 

Can Bitget Track where you Receive and Send Crypto?

Bitget can track where you have received and sent crypto since crypto trades are recorded on the blockchain and are viewable at any time to anyone:

  • Wallet addresses you withdraw to
  • Addresses that send crypto to your Bitget wallet
  • Transaction amounts and timestamps
  • The types of cryptocurrencies involved

The identity documents you upload to Bitget are linked with your account and any transfers in and out can be seen on the blockchain. It’s therefore easy to link your identity with wallets and transactions. 

However, once crypto leaves Bitget, they can only see the receiving wallet address but not what happens to the funds after that point on the blockchain.

It’s therefore not possible to remain anonymous when you use a crypto exchange. If you’re looking for anonymity, try a decentralized exchange instead or check out this list of no KYC crypto exchanges.

This is standard practice for centralized exchanges like Bitget – they need to maintain these records as part of their KYC/AML (Know Your Customer/Anti-Money Laundering) requirements.

Latest Updates on Bitget For Canadian

Bitget has obtained a Canadian MSB (Money Services Business) license (M20179708), which means it complies with Canadian regulations and offers protections for users in Canada. It worth noting that their MSB registration status has expired.

Bitget has partnered with ZEN to facilitate seamless fiat deposits and withdrawals for users, with supported currencies including CAD (Canadian Dollar) among others. This partnership aims to make transactions easier for Canadian users.

Bitget Alternatives

If you’re looking for an alternative to Bitget we recommend BitBuy or NDAX since these are Canadian exchanges. They both offer free Interac e-Transfer deposits and withdrawals so you can buy crypto easily with Canadian dollars. 

If you want many altcoins than Binance could be a good alternative but keep in mind that Binance is currently not legal in Ontario.

Coinsmart is Canada’s regulated exchange and has excellent security and a beginner-friendly platform. 

NDAX has low trading fees, staking, and a wide range of cryptocurrencies.

 

Bitget

BitBuy

NDAX

Trading fees

0.1% or lower 

0%-1.5%

0.2%

Cryptocurrencies

500+

40+

40+

Additional features

Copy trading, futures trading, bot trading, staking, institutional services

OTC Desk, Invoicing in crypto

Staking, OTC Desk

Customer Support

Poor

Good

Good

Security

Average

Top notch

Good

    READ REVIEW READ REVIEW

Common Crypto Exchange Scams.

Crypto exchange scams are unfortunately common, with phishing emails being one of the most frequent tactics.

Scammers often send emails that mimic an exchange’s branding to trick users. To combat this, Bitget offers a helpful feature: you can set a unique phishing code in your account. Every legitimate email from Bitget will include this code, ensuring you can verify its authenticity and avoid falling victim to fraud.

Remember, no reputable exchange, including Bitget, will ever contact you first to ask for payments or sensitive account information. If you receive such a message, delete it immediately.

Be cautious of Bitget staff impersonators on social media as well. These scammers may reach out pretending to offer support, but genuine Bitget customer service will never initiate contact. Always verify the authenticity of any communication to stay safe.

Conclusion

Is Bitget legit for Canadians? As someone who trades on Bitget daily, I can say yes – with some important caveats. The platform currently has an expired MSB status and isn’t available in Alberta due to regulatory restrictions. You also can’t directly deposit or withdraw through Canadian bank accounts, which means using workarounds like P2P trading, third-party services, or a debit card.

Despite these limitations, I continue using Bitget because of its exceptionally low trading fees and extensive selection of cryptocurrencies. It rivals major platforms like Binance and KuCoin in features and user experience. For finding and trading altcoins not available elsewhere, it’s become my go-to platform.

However, I strongly recommend transferring your crypto to a private wallet after trading. While I trust Bitget for daily trading, keeping your long-term holdings in a personal crypto wallet is always the safest approach for any exchange you use.

Open account with Bitget today

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Author

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. 

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