Bitget Crypto Wallet: Everything You Need to Know

Summary: In this guide we’re taking a look at Bitget Wallet, an emerging digital asset storage and management tool and part of Bitget’s broader crypto trading ecosystem. We’ll be presenting an overview of the wallet, outlining some of its key use cases and features, and saying a word or two about its security measures. 

Bitget Wallet: An Overview

Bitget Wallet (formerly known as BitKeep) is emerging as a noteworthy player in the sphere of digital asset storage and management — it is the largest all-in-one Web3 trading wallet in Asia and a global leader, being the seventh largest crypto wallet by number of users on iOS and Android platforms. 

A part of the broader Bitget cryptocurrency exchange platform, the wallet service seeks to offer a secure and efficient way for users to manage their cryptocurrency holdings. Moreover, with storage features designed to meet the requirements of both newbies and seasoned crypto traders, it promises to bring a user-friendly interface that facilitates easy transactions and access to various cryptocurrencies.

The wallet supports a solid range of cryptocurrencies and trading features. As the demand for comprehensive crypto tools grows, Bitget Wallet expects itself to meet the expectations of a diverse cast of crypto enthusiasts. Consequently, the team is aiming for a design that reflects a blend of functionality and security, a combination that has become almost obligatory in the crypto sphere.

After five years in the market, Bitget Wallet has managed to attract 12 million users and forge partnerships with some of the key industry players. Some of them include Bitcoin, Ethereum, and Base. In addition, the wallet is available in over 160 countries and regions in North America, Asia, Europe, South America, and Africa.

Bitget in Short

• 12 million users (seventh largest crypto wallet by number of users);
• Over 90 mainnet networks and more than 250,000 tokens;
• $300 million in a user-protection fund;
• Available on Android, iOS, and in browser;
• Swap, MPC Wallet, Staking, OTC Trading, DApp, NFT, Watch-Only Wallet, Hardware Wallet Integration, and other trading features.

Key Features and Functionalities

Bitget Wallet seeks to offer a multifunctional, seamless, and efficient user experience. Thus, the wallet offers users a comprehensive range of Web3 services. Bitget Managing Director Gracy Chen highlights the team’s emphasis on Web3, stating:

“Integrating Web3 services into our CEX platform marks a significant milestone for Bitget. By offering users the freedom to access various DeFi services alongside the convenience and security of our CeFi platform, we are empowering them with a unique experience. Bitget aims to provide a comprehensive ecosystem that caters to the evolving needs of our users, all while maintaining the highest standards of security and reliability.”

– Gracy Chen

In this article, we’ll highlight the specifics integral to each of Bitget Wallet’s features below:

1. Wallet;
2. Bitget Swap;
3. NFT trading;
4. dApp browser.

1. Wallet

The Bitget Wallet enables users to store and manage a variety of cryptocurrencies securely. It supports multiple digital assets, ensuring that users have the convenience of using one wallet for their diverse portfolio.

The wallet is a decentralized and non-custodial Web3 trading platform. It supports over 90 popular blockchains, including EVM-compatible chains, customized mainnets, and testnets. Moreover, it allows users to automatically aggregate and consolidate their assets, thus eliminating the need for manual navigation through various network ecosystems.

The wallet also offers hardware wallet compatibility and incorporates MPC and AA wallet functionalities to help users integrate smart contract tools on Starknet. Additionally, the Watch-Only feature lets users monitor addresses of interest and receive alerts for trading activity.

2. Bitget Swap

Bitget Swap is a feature that allows users to exchange cryptocurrencies directly within the wallet’s interface, leveraging competitive exchange rates in real time.

Notably, the platform pioneers real-time candlestick chart displays, gas abstraction for ETH top-ups, and macro-level market trend indicators. However, the Swap feature also supports cross-chain transactions across nearly 30 mainnets. By aggregating liquidity from numerous decentralized exchanges (DEXs) and cross-chain bridges, Bitget Swap ensures users access optimal trading routes for their transactions.

Bitget Swap comes with market analysis tools to help users find promising investment opportunities. Additionally, it brings a number of trading modes, including instant swaps, limit orders, leveraged futures trading, and OTC service. 

Finally, Bitget Swap also introduces on-ramp options, including Bitget’s own P2P service catering to users in emerging markets with low credit card adoption rates, thus introducing Web3 functionalities to the platform.

3. NFT Trading

Bitget Wallet also taps into the NFT sector with its NFT Marketplace. The platform is integrated with the wallet, letting users buy, sell, and explore a wide range of NFTs from third-party platforms within a single interface. Moreover, it allows users to purchase NFTs using their crypto tokens and offers multi-chain NFT management, bulk-purchase capabilities, and free minting services.

4. dApp Browser

To extend its functionality, Bitget includes a DApp Browser, connecting users to the decentralized application ecosystem. This feature is designed to foster seamless interaction with various Web3 services and decentralized finance (DeFi) platforms.

The browser features more than 20,000 dApps in a diverse range of sectors, such as DeFi, GameFi, NFT, etc. To navigate the dApp landscape and find the latest dApps, users can rely on the Hot Searches spotlight functionality.

Security

Security is paramount in the crypto sphere. To meet user expectations, Bitget Wallet implements robust measures in place to safeguard user assets. They include a combination of cold storage options and a protection fund designed to enhance asset safety. Furthermore, the wallet’s integration with the Bitget exchange platform allows users to engage with trading functions, expanding its utility beyond that of a mere storage tool.

Some of the key aspects of Bitget Wallet’s security measures include:

• Two-factor authentication (2FA): A 2FA system represents a digital lock with two keys, demanding users enter two passwords or use additional login parameters such as biometric scans;
• Bitget Protection Fund: This fund is designed to offer users compensation in the event of a security breach or hack. The fund’s value is around USD $300 million;
• External security audits: The exchange undergoes regular external security audits to address vulnerabilities and enhance its defense mechanisms. The audits are conducted by platforms such as Certik;
• GetShield: GetShield is a 360° security strategy featuring integrated risk alerts for dApps and tokens, transaction approval checks, compatibility with hardware wallets, and Multi-Party Computation (MPC) wallets.

Bitget Wallet: Pros and Cons

Pros

• User-friendly interface;
• Robust security measures;
• User insurance fund ($300 million);
• Available in over 160 countries;
• DeFi- friendly.

Cons

• Multi-signature functionalities are missing; 
• No batch wallets.

Wrap-Up

In conclusion, Bitget Wallet is a nifty component of the broader Bitget ecosystem and a solid Web3 contender in the dynamic DeFi landscape. With its emphasis on security and Web3 functionalities, it caters to both new users looking for a crypto storage solution and more seasoned crypto traders looking for a comprehensive, decentralized platform that will give them more freedom to manage their assets. 

Bitget Wallet FAQs