What is Bitget Wallet?

Bitget Wallet is a non-custodial cryptocurrency wallet that offers a range of services and tools for managing digital assets. It is designed to cater to the needs of both beginners and seasoned cryptocurrency users by providing a secure and user-friendly platform for storing, trading and managing a wide range of cryptocurrencies and non-fungible tokens (NFTs).

The wallet is part of the broader Bitget ecosystem and integrates seamlessly with various decentralized finance applications and blockchain networks, making it a versatile tool for anyone involved in the crypto space.

History of Bitget Wallet

Bitget Wallet was founded in March 2018 by Kevin Como and Yan Yun, and was initially called BitKeep. In May of that year, an alpha release took place, and BitKeep was able to secure a $2 million investment from Matrix Partners China.

In 2020, BitKeep integrated DeFi functionality into the wallet, and in February 2021, it launched BitKeep swap, which allowed its users to perform swaps directly in the wallet. By March 2022, the average daily trading volume of multi-chain swaps on the wallet reached $20 million, and the BitKeep NFT Marketplace was launched.

In March 2023, prominent cryptocurrency exchange Bitget invested $30 million in BitKeep,  securing a controlling stake in the wallet and leading its rebranding into Bitget Wallet. The move allowed Bitget to expand its services and enhance its user base, establishing the wallet as a central hub for both decentralized and centralized financial services. 

By 2024, Bitget Wallet had continued growth and claimed to serve over 12 million users in more than 168 countries. Bitget Wallet works as a platform for over 250,000 cryptocurrencies on more than 90 mainnets and has seen over $80 billion in trading volume. According to CryptoRank, Bitget surpassed MetaMask to take the top spot for the most mobile wallet downloads in July 2024, achieving 1.6 million downloads over MetaMask’s 1.5 million. 

Features and functions

Bitget Wallet provides its users with numerous tools for managing their cryptocurrencies and digital assets. Users can store, send, and receive tokens, and the wallet’s built-in swap function enables the exchange of cryptocurrencies directly within the app. Bitget Wallet provides competitive rates due to its integration with over 100 decentralized exchanges (DEXs).

The wallet also supports cross-chain transactions, allowing users to transfer assets between different blockchains​ seamlessly.

Bitget Wallet is designed to support over 90 blockchain networks, including major ones like Ethereum, BNB Chain, Polygon, and many others. This allows its users to easily interact with various DeFi projects and protocols across a wide range of the cryptocurrency ecosystem.

The wallet has an integrated dapp browser that provides access to over 20,000 decentralized applications. This feature allows users to interact with Web3 services, including DeFi protocols, GameFi applications, and social platforms, directly from their wallet. The browser is designed to help users explore the growing ecosystem easily, giving its users a simple interface for navigating through different projects​.

Bitget Wallet also has an NFT marketplace that supports multi-chain NFT trading. Users can buy, sell and manage NFTs across several blockchains, all within the app. 

What’s needed for a Bitget Wallet account?

Bitget Wallet is available as a mobile application for Android and iOS operating systems. For desktop users, Bitget Wallet is also available as a browser extension that can be downloaded directly from the official Bitget Wallet website.

To use the wallet, users simply need to download the mobile application or extension and follow the prompts, either to create or import an existing wallet using a recovery phrase. Users will then be prompted to set a password, which will be used to access the wallet. 

When setting up a new wallet, the wallet generates a recovery or seed phrase — a sequence of 12 or 24 words — critical for recovering the wallet should the user lose access to a device. It’s essential for users to write down this recovery phrase and store it in a secure location, as losing it could result in the permanent loss of their digital assets.

From there, users can start managing their digital assets. The wallet also supports hardware wallet integration for added security. Setting up a wallet is free.

Are there any risks to using Bitget Wallet?

Although Bitget Wallet has inbuilt security features, users should always be mindful of the inherent risks of using any non-custodial cryptocurrency. Phishing is a significant risk, where attackers create fake websites that look like DeFi applications to steal users’ private keys, seed phrases, or funds. 

Users are fully responsible for managing their private keys and recovery phrases. If a user accidentally loses their private keys, they cannot be recovered, and the user would lose access to their wallet funds.

However, Bitget's extensive security measures, including regular external audits and a significant protection fund, help mitigate some of these risks.