Why are users moving to Bitget?

Lately things have been a bit messy for global exchanges serving the Indian audience. Right from RBI’s move of blacklisting Binance, Kucoin, OKX and other international crypto exchanges, there’s a sense of tension as to what’s a safe, and secure exchange for the Indian audience to use. As regulations are uncertain and taxations are high users may prefer to use other global exchanges. There’s a shift in paradigm from huge players to safer ones such as Bitget. The increasing migration of users to Bitget can be attributed to several factors that enhance its appeal and trustworthiness in the crypto trading community.

Some reasons why people are moving to Bitget:-

UPI payments for DeFi

Bitget Wallet, the DEX side of Bitget’s ecosystem, has an on and off-ramp solution catering to India, to bolster its Over-The-Counter (OTC) trading features by integrating local payment methods and instant transactions. This integration provides a convenient gateway for Indian users to purchase cryptocurrencies using INR such as NEFT, IMPS, UPI, covering 15 major blockchains and over 100 tokens.

Advanced security and insurance

Bitget has a protection fund worth $590M and it keeps growing based on the ratio of assets on the platform. The platforms senior management Gracy Chen was one of the first people to launch a fund for users affected by FTX. In fact, the platform went ahead and even annouced how they increased their market share from 3% to 11% after the FTX collapse. They also repeatedly have proven themselves as a leading exchange even with the recent mishap in the SLERF community when a dev burned $10M worth of tokens – Chen came forward to donate all SLERF trading fees on Bitget to the community. They’re the only CEX with a dedicated $10M fund for women in blockchain and amazingly, the majority of the managerial positions are held by women in the company.

Hot tokens and accessibility

Bitget lists some of the high quality 100x gems and is essentially one of the first larger exchanges to do so. The initial token offering segment is saturated to core DeFi users making quality projects inaccessible due to the hassle of dealing with DeFi user interface. Bitget lists some of the high quality gems from Solana, Bitcoin Ordinals, BNBChain and more protocols. For early crypto users, this is a benefit worth looking into as they have lots of promotions, deposit campaigns etc for new users.

Copy trading and user friendly

One of the standout features of Bitget is its pioneering crypto copy-trading platform, which has attracted over 100,000 pro traders. This unique offering has facilitated millions of profitable trades, democratizing crypto trading by making it accessible and profitable for a broader audience. Bitget also provides a comprehensive suite of products and services, including spot trading, derivatives, futures trading, and a Web3 wallet, enhancing its appeal to a diverse user base. The platform’s design and usability strikes a balance between ease of use for beginners and analytical depth for advanced traders, contributing to a positive crypto trading experience.


Check Also

Global AI Show and Global Blockchain Show Premier in Dubai

  Dubai, March 28, 2024: VAP Group is pleased to announce the inaugural edition of …