Updated Rules checked 2026-10-15
For regular users (VIP 0), Binance and Bitget both charge 0.1% for spot Maker and Taker; the differences are in futures and the platform tokens. Binance’s USDT-margined futures Taker fee is 0.05% and Bitget’s is 0.06%, so on the same 10,000 USDT market order, Bitget charges 1 USDT more. The platform tokens work differently too: BNB discounts both spot (25% off) and USDT-margined futures (10% off), while BGB only discounts spot (20% off). The referral code rules differ the most: on Binance, within 30 days of sign-up and before any deposit or trade, you can add a code yourself, and accounts with no referrer can also go through an affiliate switch request; on Bitget you can only enter a code at sign-up, with no way to add or switch one later.
On security, Bitget lost about 388 million USD from its hot and warm wallets on 2026-09-24; it said the loss was covered by its protection fund and user balances were not affected, and all withdrawals were back on 2026-10-02, about 7.5 days in total. Binance’s last platform wallet hack was the theft of 7,000 BTC on 2019-05-07, covered in full by its SAFU fund.
Choose Binance if you often place market orders on futures, are willing to hold BNB, or have already signed up but forgot to enter a referral code. Bitget suits you better if you already keep 50,000 USDT or more in your account and can reach Bitget VIP 2 on assets alone (futures Taker 0.04%), or if you want to copy spot trades or trade futures on small-cap coins. Neither exchange is on the anti-money-laundering registration list of Taiwan’s Financial Supervisory Commission (FSC), and neither offers a direct New Taiwan dollar (TWD) deposit channel; moving USDT between the two over BEP20 costs only 0.01 USDT per transfer.
Sign up to Binance with the referral code KEVINWU and the exchange automatically refunds 20%, on both spot (including margin) and USDT-margined futures.
Sign up to Bitget with the referral code KEVINWU and the exchange automatically refunds 20%, on both spot and futures.
Key points:
1. At VIP 0, Binance and Bitget both charge 0.1% / 0.1% for spot; on USDT-margined futures, Maker is 0.02% on both, and Taker is 0.05% on Binance and 0.06% on Bitget.
2. With BNB, Binance spot drops to 0.075% and futures Taker to 0.045%; BGB only discounts spot, to 0.08%, and Bitget futures has no platform-token discount.
3. Binance’s futures rebate runs for 12 months from when you open a futures account (with no such limit if the referrer’s futures commission rate is 30% or more); rebates under Bitget’s affiliate program are valid long term.
4. Bitget lost about 388 million USD to a hack on 2026-09-24; it said the loss was covered by its protection fund and user balances were not affected, and all withdrawals were back on 2026-10-02. Binance was last hacked on 2019-05-07, losing 7,000 BTC, covered in full by SAFU.
5. Moving USDT between Binance and Bitget over BEP20 costs 0.01 USDT in either direction; an ERC20 withdrawal from Bitget costs 2 USDT, 5 times Binance’s fee (0.4 USDT).
The information below was checked against both exchanges’ official pages on 2026-10-15 (the data check date; USDT withdrawal fees were re-checked on 2026-10-19) and is provided for reference.
Binance vs Bitget: what’s the difference?
| Item | Binance | Bitget |
|---|---|---|
| Spot Maker / Taker (VIP 0) | 0.1% / 0.1% | 0.1% / 0.1% |
| USDT-margined futures Maker / Taker (VIP 0) | 0.02% / 0.05% | 0.02% / 0.06% |
| Platform-token discount | BNB: 25% off spot (0.075%), 10% off USDT-margined futures (Taker 0.045%) | BGB: 20% off spot (0.08%); not available for futures |
| Reaching VIP on account assets | VIP 1 requires holding 5 BNB first, plus 100,000 USD in assets or a trading volume requirement; spot Taker stays at 0.1% | 50,000 USDT in assets gets you VIP 2: futures 0.016% / 0.04%, spot 0.065% / 0.07% |
| Referral code rebate | 20% | 20% |
| Rebate duration | No term stated for spot; futures 12 months (no limit if the referrer’s commission is 30% or more); stops at VIP 3 or above | Valid long term under the affiliate program; in the regular referral campaign, invitees at VIP 3 or above don’t count |
| Adding a referral code after sign-up | Within 30 days of sign-up, with no deposits or trades and no referrer, you can add one yourself | No official way to add one found |
| Switching referrers | Not possible if you already have a referrer; with no referrer and a trading history, an affiliate can start a switch request | No official channel; after deleting your account you have to wait 30 days to re-register with the same details |
| Identity verification | New users must complete “Verified” verification before depositing and trading | Since 2024-01-01, verification is required before depositing and trading |
| Unverified accounts | Older accounts are limited to withdrawals, order cancellation, closing positions and redemptions | Only withdrawals, order cancellation, redemptions and closing positions; no limit is stated officially |
| Taiwan FSC registration | Not on the FSC’s anti-money-laundering registration list (2026-09-29 list) | Not on the FSC’s anti-money-laundering registration list (2026-09-29 list) |
| TWD deposits | No TWD bank deposits; P2P has a TWD option, but when checked on 2026-10-15 there were 0 USDT buy ads and 0 sell ads | The P2P fiat menu has no TWD (checked 2026-10-11) |
| Number of perpetual futures (USDT- and USDC-margined) | 563 (2026-10-15) | 883 (2026-10-15, including stock, gold and other contracts) |
| Copy trading profit share | Up to 30%, settled from a snapshot every Monday at 08:00; lead traders also get 10% of copiers’ trading fees | Set by the lead trader; a 2026-01-26 announcement says the current cap is 10%, up to 30% after review; high-water mark, settled daily |
| Cheapest USDT withdrawal network and fees | BEP20 0.01 USDT (minimum 5); TRC20 1.5, ERC20 0.4 | BEP20 0.01 USDT (minimum 5); TRC20 1.5, ERC20 2 |
| Proof of reserves (latest snapshot) | 2026-10-01: BTC 100.35%, ETH 100.0001%, USDT 103.88% | 2026-09-29: total reserve ratio 131%, BTC 142%, ETH 110%, USDT 107% |
| Protection fund | SAFU 15,000 BTC, about 2.18% of users’ BTC assets | 3,705 BTC and more than 314 million USD, about 18.0% of users’ BTC assets |
| Major security incidents | 7,000 BTC stolen from a hot wallet on 2019-05-07, covered in full by SAFU | About 388 million USD stolen from hot and warm wallets on 2026-09-24; covered by the protection fund, all withdrawals back on 2026-10-02 |
Fee sources: Binance spot fee page, Binance futures fee guide (updated 2026-05-01), Binance guide to BNB fee discounts, Bitget trading fee FAQ (updated 2026-08-20) and Bitget fee page. Identity verification comes from the Binance identity verification guide and the Bitget individual verification FAQ. The futures counts are the USDT and USDC perpetual futures in trading on 2026-10-15, counted through both exchanges’ official public APIs (Binance USDT-margined futures, Bitget USDT futures, Bitget USDC futures), and they change as contracts are listed and delisted. USDT withdrawal fees are the figures read on 2026-10-19 from the Binance deposit and withdrawal fee page and the Bitget official coin API. Sources for the other rows are given in the matching sections below.
How much do Binance and Bitget fees differ?
Say someone trades 200,000 USDT of USDT-margined futures and 20,000 USDT of spot each month, all at the official VIP 0 rates:
| Monthly fees (USDT) | Binance | Binance (BNB discount on) | Bitget | Bitget (BGB discount on) |
|---|---|---|---|---|
| Futures 200,000, all Taker | 100 | 90 | 120 | 120 |
| Spot 20,000, all Taker | 20 | 15 | 20 | 16 |
| Total (all Taker) | 120 | 105 | 140 | 136 |
| Total (futures all switched to Maker) | 60 | 51 | 60 | 56 |
The fee is the trade value times the rate: Binance futures come to 200,000 × 0.05% = 100 USDT, and Bitget to 200,000 × 0.06% = 120 USDT. With futures placed entirely as limit orders, both cost 200,000 × 0.02% = 40 USDT, plus 20 USDT of spot, so 60 USDT each. With the platform-token discount on, Binance’s futures Maker drops to 0.018% and spot to 0.075%, for a total of 51 USDT, while on Bitget only spot drops, to 0.08%, for a total of 56 USDT.
So at VIP 0, if you often place market orders, you pay 20 USDT more a month on Bitget, and the whole gap comes from the futures Taker fee. With the platform-token discounts on, the gap actually widens to 31 USDT, because BGB doesn’t discount futures. Switch to limit orders and the two come out almost the same. Both exchanges let you force limit orders: Binance calls it “Post Only”, and Bitget futures calls it “Maker only (Post Only)”; details in the difference between Maker and Taker fees. Futures fees are charged on the position value, not the margin; leverage magnifies the position, and if the price moves against you, the position can be liquidated and you lose the margin.
For larger account balances: Bitget’s VIP thresholds are lower
On Bitget, you reach a VIP level by meeting any one of the trading volume, asset or BGB holding requirements, and 50,000 USDT in account assets makes you VIP 2, with futures at 0.016% / 0.04% and spot at 0.065% / 0.07% (Bitget fee page). Since 2026-07-21, Binance VIP 1 requires holding 5 BNB first and then meeting one of these: 1 million USD in 30-day spot volume, 5 million USD in futures volume, or 100,000 USD in assets. And VIP 1 and VIP 2 only lower spot Maker; spot Taker stays at 0.1% (Binance VIP program update announcement).
Applying the same example: someone keeping 50,000 USDT in their account is VIP 2 on Bitget and pays 200,000 × 0.04% + 20,000 × 0.07% = 94 USDT a month, less than the 105 USDT on Binance with the BNB discount. On both exchanges, referral code rebates are still calculated as usual at VIP 2; they’re only affected from VIP 3 up. The catch is that the 50,000 USDT has to stay on the exchange long term, and Bitget was hacked as recently as 2026-09-24; that risk is yours to weigh.
How big a Bitget rebate do you need to match Binance’s rate?
A referral code rebate returns part of the fees you actually paid, and both exchanges calculate it on net fees. Bitget’s futures Taker fee is 0.01 percentage points higher than Binance’s, and the rebate has to make up that gap. You can work it backwards: what you actually pay on Bitget = 0.06% × (1 − rebate rate), and for that to equal Binance’s rate, the rebate rate has to reach the thresholds in the table below.
| Binance futures Taker used for comparison | Actually paid on Binance | Minimum Bitget rebate needed |
|---|---|---|
| No BNB, no rebate | 0.05% | 16.7% |
| BNB discount on, no rebate | 0.045% | 25% |
| No BNB, rebate at the official 20% cap | 0.04% | 33.3% |
The formula is 1 − Binance’s actual rate ÷ 0.06%, for example 1 − 0.04 ÷ 0.06 = 33.3%. Binance’s official cap on the invitee rebate is 20%: for spot and margin it’s in the Binance affiliate program introduction, and for futures it has also been 20% at most since 2025-10-25 (Binance Referral Pro update announcement). The third row only applies during the first 12 months of Binance’s futures rebate: a year after you open a futures account, the futures rebate stops unless the referrer’s futures commission rate is 30% or more, Binance goes back to 0.05%, and the threshold goes back to the 16.7% in the first row.
The exchange’s automatic fee rebate with this site’s Bitget referral code is currently 20%, which you can check directly against the thresholds in the table above.
The two calculators below each use the exchange’s own official futures Taker rate, and the rebate rates stay in sync with the exchanges. Enter the 200,000 USDT from the example above into each one to see which is cheaper once the rebate is taken off.
Calculator: Binance futures (Taker 0.05%)
| Monthly volume | Fees (0.05%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 10,000 USDT | 5 USDT | 1 USDT | 4 USDT |
| 100,000 USDT | 50 USDT | 10 USDT | 40 USDT |
| 1,000,000 USDT | 500 USDT | 100 USDT | 400 USDT |
Example at a futures fee rate of 0.05% and the current 20% automatic rebate (rate updated 2026-10-23). Your exchange statement prevails.
Sign up with this site’s Binance referral code and the exchange’s automatic fee rebate is 20%, on both spot (including margin) and USDT-margined futures. Binance doesn’t state whether the rebate is calculated on fees before or after the BNB discount.
Calculator: Bitget futures (Taker 0.06%)
| Monthly volume | Fees (0.06%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 10,000 USDT | 6 USDT | 1.2 USDT | 4.8 USDT |
| 100,000 USDT | 60 USDT | 12 USDT | 48 USDT |
| 1,000,000 USDT | 600 USDT | 120 USDT | 480 USDT |
Example at a futures fee rate of 0.06% and the current 20% automatic rebate (rate updated 2026-10-23). Your exchange statement prevails.
Sign up with this site’s Bitget referral code and the exchange’s automatic fee rebate is 20%, on both spot and futures. Bitget states that the rebate is calculated on “fees minus the discounted portion”, so with the BGB discount on, the spot rebate is calculated on the discounted fee.
Other costs: the funding rate is paid between longs and shorts and isn’t a fee; both exchanges settle every 8 hours by default. Reading the official APIs on 2026-10-12, 80% of Binance’s USDT perpetual futures settled every 4 hours, against 46% on Bitget, and the funding rate cap and floor on the BTC contract was ±0.3% on both (Binance funding rate guide, Bitget funding rate guide). For full rates, VIP tables and withdrawal fees, see Binance fees and Bitget fees; for how futures costs add up, see how futures fees are calculated, and to run your own numbers, use the perpetual futures cost calculator.
How do Binance and Bitget referral code rebate rules differ?
On both exchanges the rebate is refunded to the invitee directly by the exchange, and both calculate it on net fees. The differences are in duration, how it’s paid out, and whether there’s any fix if you entered the wrong code or none at all:
| Rule | Binance | Bitget |
|---|---|---|
| Calculation basis | Net fees (minus market maker rebates) | Net fees (fees minus the discounted portion) |
| Markets covered | Spot (including margin) and USDT-margined futures | Spot and futures |
| Duration | No term stated for spot; futures 12 months from when you open a futures account (no such limit if the referrer’s futures commission rate is 30% or more) | Valid long term under the affiliate program, with no end date |
| VIP limits | Stops at VIP 3 or above, resumes when you drop back to VIP 2 or below | Regular referral campaign: invitees at VIP 3 or above don’t count; the affiliate program states no VIP limit |
| Payout | Converted to USDC every hour and paid to your spot account within 6 hours | Referrer commissions start being paid at 10:00 (UTC+8) the day after the trade; no separate payout time is stated officially for the invitee’s rebate |
| Trades with no rebate | Zero-fee pairs | Zero-fee pairs; trades using rebate vouchers are paid out as vouchers instead; special-rate trades |
| Fee rebate vouchers | The referrer’s commission is taken out first and the voucher refunds the rest, so you get both | Trades using futures fee rebate vouchers earn no commission and are paid out as vouchers instead |
| Do copy trading fees earn a rebate? | Officially stated to count toward referral commission | Not stated officially |
| Adding a referral code later | Within 30 days of sign-up, with no deposits, no trades, no referrer, and identity details not used on another account in the past 180 days, you can add one on the referral binding page | No official process found; inviting users who have already signed up isn’t recognized |
| Changing referrers | Not possible if you already have a referrer; with no referrer and a trading history, an affiliate can start a switch request (trading volume below 5,000 USD in the 90 days before submitting, and 150,000 USD reached within 30 days after) | No official rules for switching, identity transfer or reassignment after inactivity |
| Deleting your account and re-registering | If you close an account and open a new one to get referral benefits, the new account’s commission may be terminated | You have to wait 30 days after deleting your account to re-register with the same details, and there’s no official guarantee you can bind a new referrer |
Binance’s rules come from the Binance Referral Pro FAQ (updated 2026-08-05), the Binance affiliate switch FAQ (published 2026-09-28), the Binance futures copy trading FAQ and the Binance rebate voucher terms; Bitget’s rules come from the Bitget affiliates FAQ, the Bitget promotion program announcement and the Bitget promotion policy.
For futures traders, the biggest difference is duration: Binance’s futures rebate usually lasts only 12 months, while Bitget’s affiliate program has no end date. Going by the threshold table in the previous section, Binance may be cheaper in the first year, and from the second year you need to compare again. For people who already have an account, Binance is more flexible: within 30 days and before any deposit, you can add a code yourself, and if you’ve traded but have no referrer, you can still apply for a switch. On Bitget, everything is fixed the moment you sign up, and there’s no official way to change a wrong or missing code, so before you press sign-up on Bitget, always double-check the referral code field. Details in switching your Binance referral code, the Bitget referral switch guide and how to check whether your referral code is bound; for how to weigh rebate vouchers against rebates, see fee vouchers vs referral code rebates.
Do Binance and Bitget both require identity verification? What should users in Taiwan know?
Identity verification: both require verification before you can deposit and trade. Binance states that new users must complete “Verified” verification to use deposits, trading and other products, and older unverified accounts have been switched to “withdrawal only”; your daily withdrawal limit after verification is shown on the “Identity Verification” page once you log in. Since 2024-01-01, Bitget has required verification before depositing and trading, and once verified, VIP 0 users can withdraw 3 million USDT every 24 hours (Bitget individual verification FAQ). On both, one person can have only one verified main account. For the steps and the documents you need, see the Binance KYC verification guide and the Bitget KYC verification guide.
FSC registration: the list in the Securities and Futures Bureau’s section on businesses and persons providing virtual asset services, updated 2026-09-29, shows 11 companies that have completed anti-money-laundering registration, and neither Binance nor Bitget is on the FSC’s list. In practice, this means that if a dispute arises with either exchange, Taiwan’s Securities and Futures Investors Protection Center and Financial Ombudsman Institution don’t apply (FSC statement of 2022-11-23), and if your account is frozen or withdrawals are restricted, you can only follow the platform’s terms.
TWD deposits and withdrawals: neither exchange offers direct TWD bank deposits. Binance’s P2P currency menu includes TWD, but when the Binance P2P TWD market was checked on 2026-10-15, there were 0 USDT buy ads and 0 sell ads; when checked on 2026-10-11, the fiat menu on Bitget P2P had no TWD. The workable route is the same for both: buy USDT with TWD on a registered domestic platform (such as MAX or BitoPro), then transfer it to the exchange; withdrawing works the other way around. The FSC’s plan of 2026-08-04 says the Travel Rule is expected to extend to transfers between domestic and offshore providers by the end of 2027, after which the process for moving crypto between domestic platforms and offshore exchanges may change.
Regions and apps: Taiwan isn’t on the Binance list of prohibited countries (updated 2026-01-05; it lists the United States, Canada, the Netherlands and 6 sanctioned regions), nor among the prohibited countries in the Bitget terms of use (updated 2026-09-15). Bitget’s list is longer and includes the United States, Canada, Japan, Hong Kong, Singapore, Malaysia and Thailand. When checked, both apps were available on the Taiwan App Store, the Binance app and the Bitget app, and both interfaces come in Traditional Chinese. For which countries each exchange restricts, see exchange restricted countries.
What does each of Binance and Bitget do best?
Binance‘s strength is scale. In the 2026-10-01 reserve snapshot, users held 688,572.68 BTC on Binance, more than 33 times Bitget’s 20,531.72 BTC, and on 2026-10-15 there were 512 spot coins in trading (Binance spot API). BNB can discount both spot and futures, something Bitget doesn’t offer.
- Copy trading: futures copy trading and spot copy trading. The futures profit share is up to 30%; it’s taken from a snapshot of total profit and loss every Monday at 08:00, minus what has already been shared, with a minimum of 10 USDT. Lead traders also get 10% of copiers’ trading fees (Binance lead trader benefits).
- Trading bots: spot grid, futures grid, recurring buy (DCA), rebalancing, TWAP and arbitrage (Binance trading bots).
- Earn and on-chain: Simple Earn’s flexible USDT rate on 2026-10-13 was 2.40% APR, with no tiers (Simple Earn); there’s also Launchpool, Launchpad and Binance Wallet.
Bitget‘s strengths are the range of futures and copy trading. On 2026-10-15 there were 883 USDT and USDC perpetual futures in trading, about 57% more than Binance’s 563, including stock contracts such as Tesla and Nvidia, and gold; people who want to trade futures on small-cap coins have more choice.
- Copy trading: you can copy both futures and spot, so if you don’t want leverage, you can copy spot only. The profit share uses a high-water mark, so it’s only taken on new profit that hasn’t been shared yet. It settles daily at 00:00 (Taiwan time), and if the account still has open positions, settlement moves to the next round; the minimum to copy is 50 USDT, and the default slippage is 0.5% (Bitget high-water mark profit share explained, Bitget copy trading upgrade announcement). Lead traders set their own profit share rate; a 2026-01-26 announcement says the current cap is 10%, up to 30% after review, and the rate shown on the lead trader’s page is what counts.
- Trading bots: grid (up to 1,000 grids), martingale, recurring buy, funding rate arbitrage and trend following (Bitget trading bots), plus a futures signal bot connected to TradingView.
- Earn and other products: the flexible USDT rate on 2026-10-13 was 7.50% APR on the first 300 USDT and 2.84% on the amount above that (Bitget Earn); there are also tokenized stocks and ETFs, PoolX, and the separate Bitget Wallet.
For the same 10,000 USDT in flexible savings at the 2026-10-13 rates, Bitget pays 300 × 7.50% + 9,700 × 2.84% ≈ 298 USDT, about 2.98%, and Binance pays 240 USDT. Both rates float; for other exchanges, see USDT flexible savings rates compared. Copy trading costs also have to include fees: copying a lead trader who makes 40 round trips a month with 1,000 USDT at 5x leverage, all as Taker, costs 5,000 × 0.05% × 2 × 40 = 200 USDT in fees on Binance and 240 USDT on Bitget. Binance states that copy trading fees count toward referral commission; Bitget doesn’t say. For the full calculation, see copy trading costs.
How do Binance and Bitget compare on proof of reserves and security?
Both exchanges publish proof of reserves monthly, and both provide a Merkle tree so you can check for yourself that your account was included:
- Binance: snapshot on the 1st of each month at 00:00 (UTC), verified with zk-SNARKs and covering 55 coins. The latest, from 2026-10-01, shows BTC 100.35%, ETH 100.0001%, USDT 103.88% and USDC 108.26%; the ETH in its wallets exceeds user assets by only about 3.32 ETH (Binance proof of reserves page, Binance account balance verification guide).
- Bitget: the latest is the 2026-09-29 snapshot taken after the hack, with a total reserve ratio of 131% and all 19 assets above 100%, including BTC 142%, ETH 110% and USDT 107% (Bitget September reserves announcement, Bitget proof of reserves page). Reading the official data endpoint on 2026-10-15, this was still the latest; the announcement doesn’t name a third-party auditor.
A high reserve ratio doesn’t mean large scale: Bitget’s BTC ratio is higher than Binance’s, yet its users’ BTC holdings are only about 3% of Binance’s; Binance sits close to 100%, which means its buffer is thin. The major incidents at the two exchanges:
- Bitget hack, 2026-09-24: at 18:31 (UTC), abnormal outflows were detected from some hot and warm wallets, involving 12 addresses. The amount first reported was about 351.6 million USD (CoinDesk), later confirmed at about 388 million USD. Bitget’s account is that the attacker used a zero-day vulnerability in a third-party security product to obtain internal credentials and then forged withdrawal instructions; private keys were not leaked and cold wallets were not affected (Bitget incident page, updated 2026-10-13). Bitget said user balances were not affected and the loss was covered by its protection fund. Deposits and trading never stopped, and withdrawals resumed in stages: BTC on 09-28, ETH on 09-29, USDT on 09-30, and other coins, fiat and P2P on 10-02, about 7.5 days in total. The protection fund was topped back up with more than 300 million USD on 09-30 (Bitget announcement).
- Bitget VOXEL incident, 2025-04-20: abnormal trading hit the VOXEL/USDT perpetual futures for about 30 minutes; Bitget rolled back the abnormal trades and offered compensation to affected users (The Block).
- Binance hack, 2019-05-07: hackers obtained a large number of users’ API keys and 2FA codes and withdrew 7,000 BTC from the BTC hot wallet. Binance announced that its SAFU fund would cover the loss in full; deposits and withdrawals were suspended during the security review, which Binance estimated would take about a week (Binance security incident announcement).
- Binance guilty plea, 2023-11-21: Binance pleaded guilty in the United States, with settlements with the Department of Justice, the Treasury and the CFTC totaling about 4.3 billion USD, and founder Changpeng Zhao (CZ) stepped down as CEO (US Department of Justice case page). This was a compliance case, not a loss of user assets.
- Regulation elsewhere: Japan’s Financial Services Agency has issued warnings to both for operating without registration; the Philippines blocked Binance in 2024 (Decrypt), and the unregistered platforms it named in August 2025 included Bitget (Cointelegraph).
On protection funds, Binance’s SAFU was converted to 15,000 BTC on 2026-02-12, and Binance says it will top it back up to 1 billion USD if its value falls below 800 million USD (The Block); Bitget’s protection fund shows 3,705 BTC and more than 314 million USD on the incident page. I divided each protection fund’s BTC by the user BTC holdings published in the same exchange’s PoR: about 2.18% for Binance and about 18.0% for Bitget. In absolute terms Binance’s fund is larger; relative to user assets, Bitget’s is higher. A protection fund has to cover losses across all coins, so this ratio only gives a sense of scale and isn’t a payout limit. What affects users most directly is how long withdrawals stay suspended: about 7.5 days at Bitget this time, and about a week by Binance’s own estimate in 2019. Proof of reserves only reflects the assets at the moment of the snapshot and isn’t deposit insurance; coins you don’t trade for long periods can go to a wallet you control yourself. For the records of 13 exchanges side by side, see exchange safety record and exchange proof of reserves compared; the full details for each exchange are in the Binance review and the Bitget review.
How do you move funds from Binance to Bitget? Which USDT network is cheapest?
There are no internal transfers between the two, so USDT has to go out as an on-chain withdrawal, and the exchange sending it charges a fixed fee per transfer. The table below shows the 11 networks open for both withdrawals and deposits on both exchanges, in USDT, with each cell showing “fee (minimum withdrawal)”:
| Network | Withdraw from Binance to Bitget | Withdraw from Bitget to Binance |
|---|---|---|
| BEP20 (BNB Smart Chain) | 0.01 (minimum 5) | 0.01 (minimum 5) |
| Plasma | 0.012 (minimum 5) | 0.012 (minimum 5) |
| Polygon | 0.03 (minimum 5) | 0.07 (minimum 5) |
| Optimism | 0.04 (minimum 3) | 0.014 (minimum 5) |
| Avalanche C-Chain | 0.04 (minimum 5) | 0.04 (minimum 5) |
| Aptos | 0.1 (minimum 3) | 0.03 (minimum 5) |
| TON | 0.3 (minimum 3) | 0.15 (minimum 5) |
| Solana | 0.3 (minimum 5) | 0.5 (minimum 5) |
| Arbitrum One | 0.3 (minimum 3) | 0.1 (minimum 5) |
| ERC20 | 0.4 (minimum 3) | 2 (minimum 5) |
| TRC20 | 1.5 (minimum 5) | 1.5 (minimum 5) |
The figures were read on 2026-10-19 from the Binance deposit and withdrawal fee page and the Bitget official coin API. Withdrawal fees change with on-chain conditions: Binance’s ERC20 fee was 0.5 USDT on 2026-10-12 and 0.4 USDT by 2026-10-15, and Bitget’s minimum withdrawal on every network dropped from 10 USDT on 2026-10-15 to 5 USDT on 2026-10-19, so go by the amount shown on the withdrawal page before you confirm.
BEP20 is the cheapest in both directions, at 0.01 USDT. The biggest gap is on ERC20: sending from Bitget costs 2 USDT, 5 times Binance’s fee. If you usually use TRC20, it’s 1.5 USDT on both. Take a round trip: moving 1,000 USDT from Binance to Bitget and back costs 3 USDT in total over TRC20 both ways, or 0.02 USDT over BEP20, a 150-fold difference. For small amounts, watch the minimum withdrawal: Bitget requires at least 5 USDT on every network, and Binance 3 or 5 USDT.
- On the receiving exchange (for example Bitget), open the deposit page, choose USDT and the BEP20 network, and copy the deposit address for that network.
- On the sending exchange (for example Binance), open the withdrawal page, choose USDT, paste the address, and select the same network, BNB Smart Chain (BEP20); if you pick the wrong network, the funds may be lost permanently.
- The first time you send to a new address, you can send a small amount first to confirm it arrives, then send the larger amount; on BEP20 a test costs only an extra 0.01 USDT.
For what happens if you pick the wrong network, see the Binance withdrawal fee guide. Referral code rebates only refund trading fees, not withdrawal fees. For full fees on every network across 13 exchanges, and the cheapest routes into and out of MAX and BitoPro, see USDT withdrawal fees compared.
Binance or Bitget: which should you choose?
- Beginners who mainly buy spot: choose Binance. With BNB, 0.075% is lower than 0.08% with BGB; if you forgot the referral code, you can still add it yourself within 30 days as long as you haven’t deposited, while on Bitget there’s no fix for a wrong code.
- Futures traders who often place market orders (VIP 0): choose Binance. Its futures Taker fee of 0.05% is lower than Bitget’s 0.06%, and drops to 0.045% with BNB; at 200,000 USDT of futures a month, the gap is 20 to 30 USDT. Keep in mind that Binance’s futures rebate usually lasts only 12 months.
- Futures traders keeping 50,000 USDT or more in their account: choose Bitget. Your assets alone get you to VIP 2, with a futures Taker fee of 0.04%, lower even than Binance’s 0.045% with BNB; that assumes you’re comfortable keeping the money long term on an exchange that was hacked as recently as 2026-09-24.
- Copy trading or futures on small-cap coins: if you want to copy spot trades and have high-water mark protection on the profit share, choose Bitget, which also has about 57% more futures; if you want your copy trading fees to earn referral rebates too, choose Binance, the one that officially states they count.
- Lowest fees, full stop: at VIP 0, choose Binance with the BNB discount on; it’s the cheaper of the two on both spot and futures. If you place only limit orders, the two are about the same, and the rebate rate decides.
- Regulatory compliance in Taiwan matters to you: neither is on the FSC’s registration list. Use a registered domestic platform for TWD deposits, withdrawals and long-term holdings, and turn to an offshore exchange only when you need futures, copy trading or more coins.
Many traders open both: spot and their main futures on Binance, copy trading or small-cap futures on Bitget, which also spreads the risk of one platform suspending withdrawals; moving USDT between the two over BEP20 costs next to nothing. You have to complete identity verification on each separately, and enter the referral code on each when you sign up.
How the data in this article was checked
Fees, platform-token discounts, identity verification, and the rules for adding and switching codes were checked against both exchanges’ official help centers and fee pages between 2026-10-11 and 2026-10-15; futures counts and P2P ad counts are figures read from official pages and public APIs on 2026-10-15, USDT withdrawal fees were read on 2026-10-19, and funding rates and savings rates are snapshots from 2026-10-12 and 10-13; reserve figures come from each exchange’s most recently published report; and the hack was cross-checked against official announcements and news reports. How this site compiles its data is described in how we compile rebate data, and the disclosure for referral links is in referral and rebate disclosure.
FAQ
Which has lower fees, Binance or Bitget?
At VIP 0, Binance, and the difference is the futures Taker fee: 0.05% on Binance and 0.06% on Bitget, while spot is 0.1% on both. With the platform-token discounts on, Binance spot is 0.075% and futures Taker 0.045%, while on Bitget only spot drops, to 0.08%. The exception is people with 50,000 USDT or more in account assets: they reach VIP 2 on Bitget on assets alone, with a futures Taker fee of 0.04%, lower than Binance.
Can I use Binance and Bitget at the same time?
Yes. They’re different companies, so you just sign up and verify your identity on each separately; the limit applies within each exchange, where one person can have only one verified main account. Enter the referral code on each when you sign up, and move USDT between the two over BEP20 for 0.01 USDT per transfer.
Should people in Taiwan use Binance or Bitget?
For users in Taiwan the conditions on the two are much the same, so the choice comes down to how you trade: Binance for spot and regular futures, Bitget for copy trading and small-cap futures. Neither is on the FSC’s anti-money-laundering registration list (2026-09-29 list), neither offers direct TWD deposits, and Taiwan isn’t on either one’s list of prohibited countries; on both, you deposit by buying USDT on a domestic platform first and then transferring it over.
Which is safer, Binance or Bitget?
Neither can be called absolutely safe. Both have been hacked, and in both cases the platform covered the loss. On 2026-09-24 Bitget lost about 388 million USD, covered by its protection fund, and all withdrawals were back after about 7.5 days; on 2019-05-07 Binance lost 7,000 BTC, covered in full by SAFU, and in 2023 it pleaded guilty in the United States, with settlements of about 4.3 billion USD. On reserves, Binance’s 2026-10-01 snapshot shows BTC at 100.35%, and Bitget’s 2026-09-29 snapshot shows BTC at 142% and a total reserve ratio of 131%.
Can I still use Bitget after the hack?
Yes. Bitget’s withdrawals were fully restored on 2026-10-02, and deposits and trading never stopped during the incident. Bitget said user account balances were not affected, the protection fund was topped back up with more than 300 million USD on 09-30, and the post-incident 2026-09-29 reserve snapshot shows a total reserve ratio of 131%.
Which pays a bigger referral code rebate?
For the current rates, see the comparison table and calculators above, which stay in sync with the exchanges. On the rules, the rebate under Bitget’s affiliate program has no end date, Binance’s futures rebate usually lasts only 12 months, and Binance’s official cap on the invitee rebate is 20%. Because Bitget’s futures Taker fee is higher, its rebate has to reach 16.7% to match Binance’s 0.05% with no rebate.
Which network should I use to send USDT from Binance to Bitget?
Use BEP20: the withdrawal fee is 0.01 USDT in both directions (2026-10-19). TRC20 is 1.5 USDT on both; ERC20 from Bitget costs 2 USDT, so it’s best avoided. Bitget requires a minimum withdrawal of 5 USDT on every network, and Binance 3 or 5 USDT.
I’ve already signed up. Can I still add a referral code?
On Binance, under certain conditions; on Bitget, no. A Binance account registered within the last 30 days, with no deposits or trades and no referrer, can add a code itself on the referral binding page; if you’ve traded but have no referrer, an affiliate can start a switch request. For Bitget, no official channel for adding a code or switching after sign-up was found, and inviting users who have already signed up isn’t recognized.
To sign up directly, see the Binance referral code and the Bitget referral code; fee details are in Binance fees and Bitget fees; if you already have an account, the switching rules are in switching your Binance referral code and the Bitget referral switch guide. Each exchange’s actual fees after the referral rebate are compiled in actual fees after referral rebates, the cheapest exchanges are in low-fee crypto exchanges compared, and how to weigh VIP against rebates is in how VIP levels affect rebates; for other exchanges’ referral codes and rebates, see crypto exchange referral codes. To compare other pairs, see Binance vs OKX, Binance vs Bybit, Bitget vs OKX, Bybit vs Bitget, BingX vs Bitget, KuCoin vs Bitget and Bitget vs MEXC.