Bitget Review | Is Bitget Reliable? A Complete Analysis of Regulatory Compliance Flaws, Withdrawal Obstacles, and User Complaints

1. Brand Background and Development History

• Company Full Name : Bitget Exchange (Bitget Global)

• Founded : 2018

• Registered address : Singapore, Seychelles (changed several times on different occasions)

• Business scope : covering 100+ countries, with a focus on Asia and parts of Europe

• Official website : https://www.bitget.com {:target="_blank" rel="nofollow"}

Bitget often cooperates with celebrities and clubs (such as Juventus Football Club) in advertising to increase its visibility, but its legal entity information has changed many times and lacks continuous compliance disclosure.

2. Trading Account and Trading Conditions

⚠️Risk Comment : Bitget’s main features are “contract + copy trading”, but there are many cases of margin calls and capital losses reported by users.

III. Supervision and Compliance

📌 According to platforms such as WikiFX and FX110, Bitget is labeled as high-risk and lacks licenses in core jurisdictions.

IV. Trading Products and Market Coverage

• Spot trading : mainstream currencies + a large number of small currencies

• Contract trading : high leverage BTC/USDT, ETH/USDT, supporting full-margin and fixed-margin modes

• Copy Trading : Claims to have over 20,000 copy traders, but the authenticity of the data is questionable.

• Financial products : high-yield pledge, lack of third-party audit

⚠️ Some users have reported that malicious traders have caused large losses to their followers during copy trading.

5. User Complaints and Withdrawal Barriers

1. Withdrawal not possible :

• Reddit and Trustpilot users have reported a large number of withdrawal delays of 2-7 days.

• The platform refused withdrawals on the grounds of "compliance review".

2. Contract liquidation disputes :

• A user in the FX110 complaint area said that "abnormal price fluctuations led to instant liquidation."

• The community questioned whether Bitget was suspected of "manipulating the market behind the scenes."

3. Customer service shirking responsibility :

• Most users reported that customer service staff kept shirking responsibility and did not provide clear solutions.

📌Real Case :

“Deposited 500 USDT, but withdrawal has been pending for 5 days. Support says compliance review, no ETA.” (Trustpilot, February 2025)

VI. Media and Third-Party Reviews

• FXEye : Bitget is labeled “unregulated” and has a high risk index.

• FX110 : The number of complaints exceeds 150, involving withdrawals and margin calls.

• Trustpilot : Rated 2.3/5, users said "withdrawals are difficult" and "customer service is ineffective."

• Twitter/X : The hashtag #BitgetScam appeared multiple times.

7. On-chain Funds and Security Risks

• SlowMist reports : There are abnormal fund transfers in Bitget hot wallets.

• PeckShield analysis : Some on-chain transfers indicate that the funding pool is too concentrated and may not be able to cope with large-scale withdrawals.

📌 This means that once a run occurs, Bitget is very likely to face a withdrawal crisis.

8. Comparison with Compliant Exchanges

Conclusion: Bitget is far inferior to mainstream compliant exchanges in terms of compliance, fund security, and user reputation .

IX. Lack of investor protection

• No compensation fund

• No independent arbitration mechanism

• No third-party escrow

• Defending rights is extremely difficult

10. Risk Warning Conclusion

1. No regulatory compliance : Lack of any authoritative license.

2. Withdrawal risks are serious : users generally report delays or freezes.

3. Contract liquidation controversy : The community suspects backstage manipulation.

4. Negative reputation is obvious : there are constant complaints on Trustpilot, Reddit, and FX110.

5. Fund security risks : Funds are concentrated on the chain, and there is a high risk of potential bank runs.

⚠️Final Conclusion : Bitget is a high-risk exchange . Investors should be highly vigilant and avoid making large or long-term capital operations on this platform to avoid serious losses.

📌Investor reminder : When choosing a platform, you should give priority to compliant exchanges (such as Coinbase, Kraken, and Binance) that are subject to mainstream regulation, have smooth withdrawals, and have a good user reputation .