Binance or Bitget

The largest exchange against the largest copy-trading venue. Who actually needs the second one.

…

One difference decides it

Bitget grew on copy trading — the mechanism where your trades mirror a chosen trader automatically. It is the largest such venue in the industry and everything else was built around it. Binance has copying too, but it is not the centre of the product.

If you do not want copying, the choice is obvious: Binance leads on book depth, coin count and P2P coverage.

Copy trading: what the statistics show and what they hide

The mechanics are simple: pick a trader, set an amount, their trades open on your account proportionally. The trader takes a share of the profit, the exchange takes fees on turnover.

What matters is what a trader's card omits. Return is the past, and almost always the past in a rising market. It does not say what risk produced it: someone who doubled an account at twenty times leverage and someone who did the same unleveraged look identical in the list.

Two questions before copying: what was the maximum drawdown and how long has the account run. Three profitable months in a bull market say nothing. And remember: when you copy, the trader's liquidation becomes yours.

Where Binance leads

Book depth is noticeably better, there are more coins, and its P2P is the largest in the world. For ordinary trading and storage there is no argument for Bitget.

What Bitget offers beyond copying

A protection fund for covering user losses in unforeseen situations, whose size the venue discloses publicly, and decent P2P coverage — around seventy fiat currencies by our data.

A word on volume: by headline figures Bitget sometimes looks comparable to Binance, but that is an artefact. Tokenised equities trade in its list and inflate the total to numbers that have nothing to do with crypto turnover. That is exactly why our comparison omits volume entirely.

Who each suits

Binance — if you trade yourself. On every measurable criterion except copying, it leads.

Bitget — if you want to delegate decisions to another trader, and will pick that trader as carefully as you would pick a trade.

Binance ↗Bitget ↗

Frequently asked

What is copy trading?
A mechanism where a chosen trader's trades mirror onto your account. They take a share of the profit; you take all of the risk, including their liquidation.
What should I look at when picking a trader?
Maximum drawdown and how long the account has run, not headline return. Three profitable months in a rising market say nothing.
Why do you not compare volume?
Venues count it differently, and on Bitget the top of the list is tokenised equities: the total comes out several times Binance's and has nothing to do with crypto.
What does BGB give me?
A fee discount and access to exchange programmes. An ordinary exchange token with all the attendant risks.

Other comparisons and walkthroughs

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