Data reportTrust
Is Bitget safe? What the official record shows — and what it does not
We do not score safety. This report lists what Bitget’s official sources show, how that compares with 20 exchanges, and what we could not confirm.
Published byGrace Hsu
Data reviewed byJason Lee About us → Key takeaways
- Bitget’s proof-of-reserves report for October 2026 puts the total reserve ratio at 115%. No third-party auditor is named, so the figures are the exchange’s own disclosure.
- Bitget runs the Bitget Protection Fund. It holds 3,705 BTC. Its value was about $298M in November 2026. Bitget commits to keeping it above $300M.
- Licenses and registrations: 6 recorded (Bulgaria, Italy, Poland, Lithuania, El Salvador, Australia). The median across 17 exchanges with confirmed data is 2.
- KYC: identity verification is mandatory.
- Security incidents: not confirmed — we record an incident history (or its absence) only from an official source, and none was found.
- Not available to residents of 32 countries and regions: Afghanistan, American Samoa, Austria, Canada, Congo - Kinshasa, Central African Republic, Cuba, Germany, France, Guam, Guinea-Bissau, Hong Kong SAR China, Haiti, Iraq, Iran, Japan, North Korea, Kazakhstan, Lebanon, Libya, Northern Mariana Islands, Malaysia, Puerto Rico, Sudan, Singapore, Somalia, South Sudan, Thailand, U.S. Outlying Islands, United States, U.S. Virgin Islands, Yemen.
01Reserves: 115% in total
Bitget’s proof-of-reserves report for October 2026 puts the total reserve ratio at 115%. By asset: BTC 113%, ETH 162%, USDT 105%. It covers 19 assets. Reports began in December 2022. Reports are published monthly.
Users can check that their own balance is included with a Merkle-tree tool. No third-party auditor is named, so the figures are the exchange’s own disclosure.
A ratio above 100% means the reported reserves exceed the reported user balances for the covered assets. It is a snapshot published by the exchange itself.
Source: Bitget
02Protection fund: 3,705 BTC
Bitget runs the Bitget Protection Fund. It holds 3,705 BTC. Its value was about $298M in November 2026. Bitget commits to keeping it above $300M.
Source: Bitget
03Licenses: 6 recorded, against a median of 2
Our data records 6 licenses or registrations for Bitget: Bulgaria, Italy, Poland, Lithuania, El Salvador, Australia. Across 17 exchanges with confirmed data, the median is 2.
A registration is not the same as full regulation of every product. Each entry links to the official source it was recorded from.
Source: CEX Compare, from official exchange sources (checked 2026-11-06)
04How Bitget compares
Proof of reserves does not set Bitget apart: all 16 exchanges with confirmed data publish one. A user protection fund is recorded at 16 of 17.
| Item | Bitget | Across 20 exchanges |
|---|---|---|
| Proof of reserves | Yes | 16 of 16 confirmed |
| User protection fund | Yes | 16 of 17 confirmed |
| Licenses & registrations | 6 | Median 2 (17 confirmed) |
| KYC required | Yes | 17 of 20 confirmed |
| Recorded security incidents | Not confirmed | Median 1 (10 confirmed) |
Source: CEX Compare, from official exchange sources (checked 2026-11-06) · Share of the 20 exchanges on this site with a confirmed value. No weighting and no overall verdict — see methodology.
05What we could not confirm
- Security incident history — no official statement was found either way. Claims that “Bitget has never been hacked” come from third-party sites, which we do not use as sources.
- An independent auditor for the reserve report — none is named.
Figures checked 2026-11-05
06Fees in context
Bitget’s base spot taker fee is 0.100% — 3 of 20 exchanges charge less and 8 charge the same. Its futures taker fee is 0.060%, with 12 of 17 charging less.
Spot taker
20 of 20 confirmedFutures taker
17 of 20 confirmedSource: CEX Compare, from official exchange sources (checked 2026-11-06)
07Where Bitget is not available
Bitget’s terms of use list these prohibited countries and regions: Afghanistan, American Samoa, Austria, Canada, Congo - Kinshasa, Central African Republic, Cuba, Germany, France, Guam, Guinea-Bissau, Hong Kong SAR China, Haiti, Iraq, Iran, Japan, North Korea, Kazakhstan, Lebanon, Libya, Northern Mariana Islands, Malaysia, Puerto Rico, Sudan, Singapore, Somalia, South Sudan, Thailand, U.S. Outlying Islands, United States, U.S. Virgin Islands, Yemen.
Frequently asked questions
Is Bitget regulated?
Bitget holds 6 recorded licenses or registrations: Bulgaria, Italy, Poland, Lithuania, El Salvador, Australia. Each applies only to its own jurisdiction.
Does Bitget have proof of reserves?
Bitget’s proof-of-reserves report for October 2026 puts the total reserve ratio at 115%.
Does Bitget have a user protection fund?
Bitget runs the Bitget Protection Fund. It holds 3,705 BTC. Its value was about $298M in November 2026. Bitget commits to keeping it above $300M.
Does Bitget require KYC?
Yes. Bitget requires identity verification (KYC) before trading.
Where is Bitget not available?
Bitget’s terms of use list Afghanistan, American Samoa, Austria, Canada, Congo - Kinshasa, Central African Republic, Cuba, Germany, France, Guam, Guinea-Bissau, Hong Kong SAR China, Haiti, Iraq, Iran, Japan, North Korea, Kazakhstan, Lebanon, Libya, Northern Mariana Islands, Malaysia, Puerto Rico, Sudan, Singapore, Somalia, South Sudan, Thailand, U.S. Outlying Islands, United States, U.S. Virgin Islands, Yemen as prohibited.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.
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About this report
This report is built only from the verified figures on this site. Every number links to an official source, and the data is reviewed by Jason Lee. It is information, not investment advice. About us →