Rating report
Bitget
Grade B+, 4.0 out of 5
Bitget publishes a monthly open-source Merkle-tree proof of reserves showing BTC at 138% and ETH at 181%, and cites a protection fund its own sources size differently; ASIC issued an investor alert in July 2025 over unlicensed high-leverage derivatives.
By Safety Desk. Facts checked against official sources on .
Findings, check by check
Every KripZen grade comes from the same five weighted checks. Here is how Bitget scores on each.
Proof of reserves 30%
Monthly open-source Merkle-tree proof of reserves published on GitHub, showing BTC reserves at 138%, ETH at 181%, USDC at 107% and USDT at 101%.
What “Proof of reserves” meansDisclosed
Custody 25%
Uses multi-signature cold storage, but the cold/hot storage split is not disclosed and we could not confirm it from a primary source.
What “Custody” meansPartial or unaudited
Regulation 20%
Lists an AUSTRAC registration, El Salvador CNAD/BSP licences, Argentine CNV and Mexican SAT registrations, a UK FCA Section 21 approver partnership and a Swiss FINMA SRO membership, without registration numbers we could check against public registers. ASIC issued a public investor alert on 28 July 2025 over unlicensed crypto derivatives sold to Australian retail clients at up to 125x leverage, noting Bitget holds no Australian Financial Services licence; its own corporate registration is cited variously as Seychelles, Lithuania or New Zealand.
What “Regulation” meansPartial or unaudited
Insurance 15%
A protection fund is disclosed but sized inconsistently across sources — $630m in one, 6,500 BTC (implemented December 2022) in another — so no single figure is confirmed.
Partial or unaudited
Incident history 10%
No confirmed major security incident found in our research.
Disclosed
The weights are the same for every exchange. Read the full methodology
Licences and registrations
The 9 entries we could confirm for Bitget on a regulator’s register or the exchange’s own legal pages. A licence in one country does not mean the service is open to you.
| Regulator | Licence or registration | Register number |
|---|---|---|
| AUSTRACAustralia | digital currency exchange provider registration | Not published |
| FCAUnited Kingdom | FCA-approved platform partnering with an Authorised Person (s.21 FSMA financial promotions) - not a registration | Not published |
| FINMA-recognised SROSwitzerland | AML SRO member | Not published |
| Financial Sector Conduct AuthoritySouth Africa | CASP licence and OTC derivatives provider licence | Not published |
| CNVArgentina | virtual asset service provider | Not published |
| SATMexico | vulnerable activity registration | Not published |
| BCR / CNADEl Salvador | Bitcoin Service Provider (BCR) and Digital Asset Service Provider (CNAD) | Not published |
| Financial Services CommissionMauritius | investment dealer (full service dealer excl. underwriting) licence | Not published |
| Tbilisi Free Industrial ZoneGeorgia | digital asset exchange, wallet and custody service provider | Not published |
Fees, products and reach
- Spot fees (base tier)
- 0.1% maker, 0.1% takerBase rate before VIP/BGB discount (0.08% each when paying fees in BGB)
- Proof of reserves
- Published
- Products
- Spot, Futures, P2P, Card purchases, Copy trading
- Founded
- 2018
- Not offered under its own terms in
- Austria, Belarus, Canada, Cuba, France, Germany, Hong Kong, Iran, Japan, Kazakhstan, Malaysia, North Korea, Russia, Singapore, Sudan, United States, Puerto Rico, Guam, U.S. Virgin Islands, American Samoa, Northern Mariana Islands, Iraq, Libya, Yemen, Afghanistan, Central African Republic, Congo - Kinshasa, Guinea-Bissau, Haiti, Lebanon, Somalia, South Sudan, Thailand
Base-tier fees from the exchange’s own fee page. Your real cost depends on order type, volume tier and spread; try your numbers in the Exchange Fee Calculator
Our Bitget review
Bitget is the second-highest grade we publish, a B+, on the strength of a reserve proof anyone can audit and a licence list nobody can. The gap between those two is the whole review.
What checks out
Monthly Merkle-tree proof of reserves is published open-source on GitHub, showing BTC reserves at 138%, ETH at 181%, USDC at 107% and USDT at 101%. Publishing the tooling alongside the numbers is the part that matters: it means the figures are testable rather than merely stated. We found no confirmed major security incident.
Where the evidence stops
The regulatory picture is a list without identifiers. Bitget cites an AUSTRAC registration, El Salvador CNAD and BSP licences, Argentine CNV and Mexican SAT registrations, a UK FCA Section 21 approver partnership and a Swiss FINMA SRO membership — none with registration numbers we could check against a public register. Its own corporate registration is cited variously as Seychelles, Lithuania or New Zealand depending on the source. On 28 July 2025 ASIC issued a public investor alert over unlicensed crypto derivatives sold to Australian retail clients at up to 125x leverage, noting that Bitget holds no Australian Financial Services licence. The protection fund is disclosed but sized inconsistently across its own sources — $630m in one, 6,500 BTC implemented in December 2022 in another — so no single figure is confirmed. The cold/hot storage split is not disclosed; multi-signature cold storage is described, but not quantified.
How to read the grade
Bitget shows its reserves better than almost anyone here and its paperwork worse than most. A B+ says the money appears to be there; it does not say who you would turn to if it stopped being.
Sources
Every fact on this page comes from one of these official pages, checked on October 20, 2026.
Where to go next
Other exchanges we've graded
How to read these grades: each is derived from published, checkable disclosures — proof-of-reserves attestations, public regulatory registers, disclosed insurance funds and the documented incident record — using the weighted rubric below. Where an exchange does not disclose something, we mark it unverified rather than assume it. These are not audits and not investment advice; they reflect what was published as of our last review. Cryptocurrency investments carry risk, including loss of principal. Nothing on KripZen is financial advice — always do your own research before buying, trading or moving funds.