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Bitget vs Binance at a glance
Binance vs Bitget comes down to futures fees, emergency funds, Bitget’s 2026 incident and where each accepts users. Both are centralized exchanges, companies that run the platform and hold your coins. Binance launched in July 2017 (Binance About, checked 14 October 2026), Bitget in 2018 (Bitget blog, May 2024).
Spot trading means buying a coin outright. Futures are contracts that bet on a price going up or down, usually with leverage (borrowed money).
| Binance | Bitget | |
|---|---|---|
| Standard spot fee (maker / taker) | 0.100% / 0.100% | 0.1% / 0.1% |
| Regular futures fee (maker / taker) | 0.0200% / 0.0500% | 0.02% / 0.06% |
| Latest reserve snapshot | 1 October 2026 | 29 September 2026, 131% in total |
| Emergency fund | SAFU (Secure Asset Fund for Users), about 1 billion US dollars | Protection Fund, about 303 million US dollars |
| Recent security record | No major user-fund hack reported since 2019, per Binance | About 387.5 million dollars lost on 24 September 2026 |
| EU MiCA licence | None | None listed |
Bitget vs Binance fees
Standard spot fees are the same: 0.1% for makers and takers. A maker’s order waits in the order book, the list of open buy and sell orders. A taker fills an order that is already there.
| Fee, regular user | Binance | Bitget |
|---|---|---|
| Spot maker / taker | 0.100% / 0.100% | 0.1% / 0.1% |
| Spot fees paid with the exchange’s own coin | 0.075% with BNB, Binance’s coin (25% off) | 0.08% with BGB, Bitget’s coin (20% off) (fee schedule, checked 15 October 2026) |
| Futures maker / taker | 0.0200% / 0.0500% on USDT-margined futures, 10% off with BNB | 0.02% / 0.06% |
| Crypto deposits and withdrawals | Free deposits; network fee on withdrawals | Free deposits; withdrawal fee by coin and network |
Sources: Binance spot, futures and crypto fee pages; Bitget fees FAQ, August 2026. Fees checked 14 October 2026.
USDT is a stablecoin pegged to 1 US dollar. A 1,000 USDT spot trade costs 1 USDT in fees on either exchange. Paying in BNB cuts that to 0.75 USDT on Binance, and paying in BGB cuts it to 0.80 USDT on Bitget (Bitget fee schedule, checked 15 October 2026). Neither of our referral codes changes these rates.
What can you trade on Binance and Bitget?
Both offer the same main products, with small differences.
| Product | Binance | Bitget |
|---|---|---|
| Convert: a one-step swap at a quoted price | Yes, with no fee beyond the quoted price (Convert FAQ, April 2026) | Yes, with no transaction fee, for 800+ assets |
| Copy trading: copy another trader’s trades | Yes, including futures | Spot and futures, from 50 USDT |
| Trading bots: orders placed by rules you set | Grid, Arbitrage, Rebalancing, Spot DCA and Auto-Invest | Futures grid bots allow up to 150x leverage |
| Earn: interest on coins you hold | Simple Earn Flexible and Locked products | Simple Earn Flexible, plus flexible and fixed-term staking in PoolX |
| P2P: trade crypto with other users for local money | Yes, on Binance P2P | Yes, with the seller’s crypto held in escrow |
| Demo trading: practise with virtual funds | Spot and futures, in some regions only (demo FAQ, October 2025) | Futures (demo guide, December 2025) |
Sources: Binance bots and copy trading guides; Bitget Convert, copy trading, bots, Earn and P2P guides, 2025 to 2026.
Which is safer, Bitget or Binance?
No exchange is free of risk. Bitget had a major security incident in September 2026, while Binance’s SAFU page says Binance has reported no major user-fund hack since 2019 (Binance Academy, updated 13 October 2026).
Bitget’s September 2026 incident
At 18:31 UTC on 24 September 2026, Bitget detected unauthorized transfers from some of its hot wallets, the online wallets used for daily withdrawals (Bitget security notice). It puts the loss at about 387.5 million dollars (incident update, checked 14 October 2026).
Bitget says user balances were unaffected and its Protection Fund covered the loss (fund update, 30 September 2026). Withdrawals fully reopened, in phases, by 2 October (completion notice, checked 14 October 2026). Single networks can still pause for wallet maintenance, so check the coin’s withdrawal page before you send. Our Bitget exchange guide has the full timeline.
Proof of Reserves: the latest snapshots
Proof of Reserves (PoR) compares the coins an exchange holds with its users’ deposits. A reserve ratio of 100% means 1 dollar held per 1 dollar of user assets.
| Asset | Binance, 1 October 2026 | Bitget, 29 September 2026 |
|---|---|---|
| BTC | 100.35% | 142% |
| ETH | 100.00% | 110% |
| USDT | 103.88% | 107% |
| USDC | 108.26% | 154% |
Sources: Binance and Bitget PoR pages, checked 14 October 2026.
On both, you can check that your own balance was counted. They use a Merkle tree, a kind of digital fingerprint of every user’s balance. Each is a self-published snapshot, so treat it as one signal among several.
Emergency funds: SAFU and the Protection Fund
- Binance SAFU. Binance set it up in July 2018. It holds about 1 billion US dollars in Bitcoin, kept by a regulated company in Abu Dhabi. Binance has promised to top it up if it falls below about 800 million dollars (Binance Academy, checked 14 October 2026).
- Bitget Protection Fund. Set up in 2022 with 300 million dollars, it paid for the September loss and was refilled. On 14 October 2026, it showed about 303 million dollars, held as 3,705 BTC (fund page). Bitget assesses each claim itself.
Both funds are held in Bitcoin, so their dollar values move with the BTC price. Both are the exchanges’ own money, not government deposit insurance.
Licences and regions: who can use Binance or Bitget
Neither exchange lists a MiCA licence, so where you live decides first. Binance says its exchange is regulated by the Financial Services Regulatory Authority of ADGM, Abu Dhabi’s financial centre.
Binance still serves some EU customers from Abu Dhabi under reverse solicitation. That rule lets a firm without an EU licence serve customers who come to it on their own. ESMA, the EU’s markets watchdog, and regulators in France, Germany and Greece are examining how Binance uses it (Euronews, 1 October 2026). Binance says it is working towards MiCA authorisation.
Bitget’s licence page (checked 14 October 2026) lists nine places, including Australia and the UK, but no EU country. In the UK, a firm approved by the FCA, the UK regulator, signs off Bitget’s adverts. That is not FCA authorisation of Bitget itself. ASIC, Australia’s markets regulator, warns that Bitget’s crypto futures are unlicensed there (ASIC alert).
| Where you live | Can you use Binance? | Can you use Bitget? |
|---|---|---|
| United States | Only through Binance.US, a separate platform. New York, Texas and some other states are excluded | No, prohibited list, though the app is in the US App Store (checked 14 October 2026) |
| United Kingdom | Yes, on Binance’s UK site, with no referral bonuses since 8 October 2023 | Yes, through Bitget’s UK website. UK rules ban refer-a-friend bonuses |
| Canada | Not confirmed on Binance’s pages; Welcome Rewards exclude Canada | No, prohibited list |
| France | No. Binance said its French entity would stop crypto services in France from 1 July 2026 | No. Bitget ended services there on 31 March 2026 |
| Germany, Austria | It varies, as in the rest of the EU (next row) | No, prohibited list |
| Other EU countries | It varies. Licences in Spain and Poland lapsed, and Binance sent stop-service notices in other EU markets. Some customers are still served under reverse solicitation | Not prohibited, but no MiCA licence. ESMA says such firms must stop serving EU clients from 1 July 2026 |
| India | Yes, registered with India’s FIU-IND (August 2024) | Not for new users: sign-ups paused since 6 February 2026 |
| Japan, Singapore, Hong Kong, Malaysia, Thailand | Check Binance’s Terms | No, prohibited list |
Sources: Binance UK and India posts; Euronews, June 2026, and Euronews, October 2026; Bitget UK, France and India notices; ESMA (April 2026).
Do Binance and Bitget both require KYC?
Yes. KYC (Know Your Customer) is the identity check an exchange runs before you can use it fully. Both ask for a government ID and a face scan, and both allow one verified personal account per person.
| Binance | Bitget | |
|---|---|---|
| When it’s required | Before you trade or deposit crypto | For core services, since 1 January 2024 |
| Typical review time | Within 48 hours | Up to 60 minutes |
Sources: Binance KYC FAQ (June 2026) and Bitget KYC FAQ (April 2024).
Before your first deposit, turn on 2FA (a second login code from your phone) and set an anti-phishing code, a code shown in the exchange’s genuine emails. Bitget adds a fund code, an extra password for withdrawals (fund code guide, January 2025).
How do Binance Welcome Rewards and the Bitget Welcome Pack compare?
Both are the exchanges’ own programs, paid as vouchers or trading bonuses, not withdrawable cash. Both figures are ceilings: you only get rewards for tasks you complete. Bitget’s headline figure is larger, but its bigger tiers depend on how much you deposit and trade, often in futures. UK rules ban incentives like these, so UK readers can skip this.
| Binance Welcome Rewards | Bitget Welcome Pack | |
|---|---|---|
| Ceiling | Up to 100 USD | Up to 6,200 USDT in total |
| How you earn it | Three beginner tasks after verification, within a limited number of days | 200 USDT for inviting one friend, plus up to 6,000 USDT for depositing and trading within 7 days |
| What you get | Vouchers refunding a set share (the trade-back) of spot fees, in the Binance app only, not for API trades | Futures trading bonuses and spot fee rebate vouchers |
| Withdrawable? | No | No |
| Not eligible | Business accounts, Referral Lite sign-ups (a different Binance invite mode) and many countries, including the US, UK and Canada | Sub-accounts, institutional accounts and API traders |
Sources: Binance Welcome Rewards FAQ (1 April 2026) and Bitget Rewards Center rules, checked 14 October 2026.
Bitget rewards must be claimed by hand within 2 days after a 3-day monitoring period, or they expire. Don’t trade more, or trade futures, just to earn a reward: fees and losses can cost more than the reward returns.
What do our codes A6969 and 56969 do?
They link a new account to us. A6969 adds no bonus, rebate or discount, and 56969 comes with no promised bonus, rebate or airdrop.
- Binance A6969 is a Referral Pro code. Binance pays the inviter a share of the new user’s trading fees, and we pass 0% of that back. Signing up with no code gives the same Welcome Rewards eligibility; only Referral Lite sign-ups lose it. See our Binance referral code guide.
- Bitget 56969 is an affiliate code we share through a Bitget partner link. Bitget may pay us part of the fees you pay anyway. The Welcome Pack is Bitget’s own program, and its rules don’t list a code. See how Bitget referral and affiliate codes differ.
If you want to support us, enter the code before you finish sign-up:
- Binance: A6969 in the Referral ID field, or our Binance sign-up link.
- Bitget: 56969 in the Referral code field, or our Bitget sign-up link.
Our codes work on the exchanges only, not in their self-custody wallet apps, Binance Wallet and Bitget Wallet.
Bitget or Binance: which one suits you?
Neither is the better choice for everyone, so start with where you live.
- You live in the US: Bitget is prohibited. For Binance, use the separate Binance.US.
- You live in India and are new: Binance is available; Bitget paused new sign-ups on 6 February 2026.
- You live in the EU: neither lists a MiCA licence, and both have left France.
- You mostly buy and hold: the same 0.1% spot fee, cut by 25% with BNB on Binance or by 20% with BGB on Bitget.
- You plan to trade futures (high risk): the regular taker fee is 0.05% on Binance and 0.06% on Bitget.
- You want to practise first: both offer demo trading, Binance for spot and futures in some regions, Bitget for futures.
What to do next
- Check both exchanges’ rules for your country: Bitget’s prohibited list, and Binance.US if you live in the US. Skip any exchange that doesn’t serve you.
- If you sign up and want to support us, enter A6969 in Binance’s Referral ID field or 56969 in Bitget’s Referral code field before you finish. Then complete KYC, turn on 2FA and set an anti-phishing code.
- Start with spot or Convert and a small test deposit on the matching network. Leave futures alone until you understand leverage and liquidation.
More Bitget vs Binance videos
The Bitget short uses pre-incident figures, so go by the numbers above. The welcome programs come from the exchanges, not our codes.
Frequently asked questions
Is Bitget or Binance better for beginners?
It depends first on where you live. Both charge a standard 0.1% spot fee, require KYC and offer demo trading, Binance’s in some regions only. Binance has a larger emergency fund and a lower regular futures taker fee. Bitget lost about 387.5 million dollars in a September 2026 incident and says user balances were unaffected. Futures are high-risk on both.
Is Bitget safe after the September 2026 hack?
No exchange is free of risk. On 24 September 2026, about 387.5 million dollars was taken from Bitget’s hot wallets. Bitget says user balances were unaffected and its Protection Fund covered the loss. Withdrawals fully reopened on 2 October. Its 29 September reserve snapshot showed a 131% total ratio.
Which has lower fees, Bitget or Binance?
Spot fees are the same: 0.1% for makers and takers on both. Both discount spot fees paid with their own coin: 25% with BNB on Binance, and 20% with BGB on Bitget. Regular futures fees are 0.02% maker / 0.05% taker on Binance and 0.02% / 0.06% on Bitget. Futures carry a high risk of loss.
Why can’t US citizens use Binance or Bitget?
US residents can’t use Bitget, because its Terms of Use list the United States as a prohibited country. For Binance, US residents are served by Binance.US, a separate platform with state-by-state rules. Never use a VPN or someone else’s documents to get around these rules.
Do Binance and Bitget publish Proof of Reserves?
Yes. Binance’s snapshot of 1 October 2026 showed 100.35% for BTC and 103.88% for USDT. Bitget’s snapshot of 29 September 2026 showed 131% in total. Both let logged-in users check that their own balance was counted. The exchanges publish these reports themselves.
Are Binance and Bitget available in the EU?
Partly, and neither lists a MiCA licence. Both have left France, and Bitget also prohibits Germany and Austria. Binance serves some EU customers from its Abu Dhabi entity, and EU regulators were questioning that in October 2026. Check each exchange’s rules for your country first.
Do referral codes A6969 or 56969 give a bonus?
No. Binance A6969 shares 0% commission, and signing up without a code gives the same Welcome Rewards eligibility. Bitget 56969 is an affiliate code with no promised bonus, fee rebate or airdrop. Both welcome programs are run by the exchanges themselves, separately from our codes.
Every figure comes from the exchanges’ own pages or the news and regulator pages linked. Fees, welcome programs, reserves, funds, incident updates and regional rules were re-checked on 14 October 2026.
Crypto prices move fast and you can lose money. This guide is for education, not financial advice. See our disclaimer.
