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- $1 for general accounts; $1,000,000 for custodial accounts
- REST API
- Trading directly from cold wallet
Our Evaluation of BitGo
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BitGo is a high-risk cryptocurrency exchange with the TU Overall Score of 2.59 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitGo clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
BitGo is a trusted platform for institutional and large-scale investors seeking secure, compliant solutions for digital asset custody and management. Its strong regulatory standing and robust security infrastructure make it a compelling choice for professional traders and long-term crypto investors.
How we tested BitGo
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at BitGo
BitGo is a cryptocurrency exchange and asset management platform that launched in 2013. It provides secure storage solutions and trading services for digital assets. The platform is licensed in multiple jurisdictions and regulated in the United States.
BitGo supports a wide range of trading functions, including buying, selling, and swapping cryptocurrencies. It offers multiple wallet types, including hot, cold, and NFT wallets. The platform also features lending, borrowing, and access to decentralized finance (DeFi) services. In addition, BitGo provides insurance coverage for digital assets, offering investors an added layer of protection and peace of mind.
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- Advanced security features, including multisignature technology and cold storage
- Regulated platform with licenses across multiple jurisdictions
- Broad support for a wide range of cryptocurrencies
- Seamless integration with leading crypto platforms and services
- Platform is geared toward institutional and high-net-worth investors, which may limit appeal for retail users
- High fees for asset custody and management services
TU Expert Verdict
Chief Analytics Officer
BitGo is a cryptocurrency exchange and asset management platform that launched in 2013, offering trading for over 200 cryptocurrencies through hot, cold, and NFT wallets. The platform is regulated by a government authority, holds a license from the New York Department of Financial Services, and emphasizes operational security with multisignature technology and insurance coverage. BitGo caters to institutional and high-net-worth investors, providing custodial services, staking, and DeFi integration, while supporting both bank transfers and crypto for deposits and withdrawals. Fees for spot trading stand at 0.4%, and there are no deposit fees.
A few disadvantages are the lack of Tier-1 regulatory oversight, relatively high fees compared to major competitors, withdrawal fees, and the platform’s focus on institutional rather than retail clients. As such, BitGo may not be suitable for traders who prioritize the lowest fees or seek a platform optimized for retail participation, but it remains a robust option for professional investors seeking strong security and specialized asset management.
BitGo Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | REST API |
|---|---|
| 📊 Accounts: | Cold and hot wallets, NFT wallets, custodial accounts |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrency transactions |
| 🚀 Minimum deposit: | $1 for general accounts; $1,000,000 for custodial accounts |
| ⚖️ Leverage: | None |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | N/A |
| 💱 Commission: | Spot: 0.4%-0.4% |
| 🔧 Instruments: | 200+ cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Via device browser |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit, TWAP, and other order types |
| ⭐ Trading features: | Trading directly from cold wallet |
| 🎁 Contests and bonuses: | None |
BitGo offers a trading environment defined by strong security and operational reliability, making it especially attractive to institutional and high-net-worth investors. One of its core features is multisignature transaction technology, which provides an added layer of asset protection. The platform supports a broad range of cryptocurrencies, allowing users to trade and exchange a diverse set of digital assets.
BitGo Key Parameters Evaluation
Regulation and Safety
With a 7.25/10 score, BitGo demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Investor protection fund
- Cold wallet storage
- 2FA
- Government-regulated
- No successful hacks history
- No facial recognition
- Not tier-1 regulated
- Not U.S regulated
BitGo Security Factors
We also compared BitGo against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BitGo | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is BitGo a regulated crypto exchange?
BitGo is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
BitGo is authorized or licensed in accordance with local regulations in the following regions: New York Department of Financial Services (NYDFS).
Is verification (KYC) mandatory at BitGo?
Yes, KYC verification is mandatory at BitGo. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is BitGo available in the USA?
Yes, BitGo is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BitGo commissions and fees
BitGo received a 5.2/10 score for its trading fees. While BitGo is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are BitGo trading fees?
We analyzed BitGo’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BitGo trading fees vs competitors
| BitGo | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.4 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.4 | 0.22 | 0.2 | 0.194 |
What are BitGo deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 10-50 base points 30 USD |
Does BitGo offer P2P trading?
No, BitGo does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
BitGo received a 4/10 rating for its deposit and withdrawal services. BitGo offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
BitGo supports the following deposit and withdrawal options: Bank transfers, Crypto.
BitGo Deposit and withdrawal options vs competitors
| BitGo | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is BitGo minimum deposit?
The minimum deposit at BitGo is 0 USD/USDT or 0 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BitGo minimum deposit vs competitors
| BitGo | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does BitGo support fiat money?
BitGo supports fiat currency trading and account funding. The following fiat currencies are accepted:
Investment Options
BitGo provides a comprehensive suite of tools for managing and safeguarding digital assets, tailored to meet the needs of institutional clients and professional investors. These solutions are built for maximum security and flexibility, positioning the platform as a reliable choice for serious crypto asset management.
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Asset management: The platform provides asset management services, including portfolio optimization and long-term investment strategies, helping investors allocate assets effectively and enhance returns
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DeFi integration: BitGo actively integrates with decentralized finance platforms, enabling investors to participate in various DeFi programs and earn additional income from existing assets
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Staking: BitGo supports staking for a range of cryptocurrencies, allowing users to earn additional income from passive holdings. With full custodial integration, staking on BitGo is highly secure, making the process convenient and safe for investors. BitGo manages the staking infrastructure, allowing clients to focus on portfolio growth without dealing with technical complexities
Overall, BitGo combines high-level security with institutional-grade tools, making it a dependable platform for protecting and managing digital assets at scale.
BitGo’s partnership program
BitGo offers a range of partnership programs designed to foster mutually beneficial collaborations with financial institutions, brokers, trading platforms, and other organizations in the digital asset space. Partners gain access to advanced tools for cryptocurrency custody and management, enabling them to deliver secure, reliable services to their clients.
The company continues to expand its global partner network and welcomes new entrants with competitive terms and end-to-end support. Partners benefit from access to technical documentation, marketing assets, and integration resources, all designed to streamline onboarding and accelerate go-to-market efforts. The flexibility of BitGo’s programs allows partners to tailor solutions to fit the specific needs of their clients.
A standout advantage of partnering with BitGo is the ability to integrate institutional-grade custodial infrastructure, including multisignature protection and other advanced security technologies. Partners can also leverage co-branding opportunities to build credibility, strengthen client relationships, and enhance long-term loyalty.
Contacts
| Official site | https://www.bitgo.com/ |
|---|
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