Based on consumer reviews, Bitget is rated as a safe, reputable and legitimate cryptocurrency exchange with a full-featured ecosystem for traders. As a customer who wants to use Bitget’s translations, this article is for you.
Bitget is a Singapore-based crypto exchange, with Sandra Lou as CEO and Intae Song as Sales Manager. It lists a variety of cryptocurrencies and tokens that can be traded on the spot or on the futures market, and there are no deposit fees to trade. It has been approved by regulation in Canada, the United States and Australia, making it a trusted exchange.
Launched in 2018, Bitget provides comprehensive and secure trading solutions to a global user base.
With a core focus on social trading, this exchange has amassed over 8 million users, 1.1 million followers and 55,000 professional traders from over 100 countries around the world.
Bitget is ranked by CoinGecko in the global top 5 for derivatives trading by volume and has generated over $100 billion in trading volume in 2021 alone.
Bitget offers spot trading as well as derivatives and copying. There are many choices for customers to choose from based on what they want. Bitget Futures trading uses perpetual futures contracts, which are the standard contract for difference and a popular derivative in cryptocurrency trading.
Leverage is the ability to invest more than the user has in their bank account. For trading pairs, such as USDT/BTC, Bitget offers 125x leverage, meaning users can create a position 100 times the amount they deposit. So even the slightest movement to their exchange account will liquidate the position and the user will not be able to access their funds.
Pros and Cons
- Stable and secure trading, even under the harshest market conditions.
- Stable security: Rated A+ for 12 SSL metrics and four major security providers.
- Full Quantitative Trading Engine: Fully Open API, CCXT Support, Gunbot Quantitative Trading Instrument, Autoview, Sirius Trader.
- Intuitive trading tools: From drag and drop TP/SL levels and futures calculators, to cross and separate margin modes.
- This platform offers the lowest transaction fees.
- Don’t charge any fees if you want to buy cryptocurrency.
- Provides Bitget copy trading feature.
- This exchange has regulatory licenses from Australia, Singapore, Canada and the United States.
- Interface: quite beautiful, simple operation.
- The number of trading coin pairs is not much.
- Liquidity is still limited because the number of users is not really large.
Create a Bitget account with an email address or phone number
To create a new account on Bitget, first, you need to download its app or head to website (www.bitget.com) on a desktop. You can access Bitget anytime, and on multiple platforms, including iOS and Android, browser-based websites, as well as a desktop application for Mac and Windows.
Then, from the homepage of the app or website, you can access the sign-up page to register for a Bitget account.
Bitget Login Guideline
You can choose following login methods:
(1) Login with password
– Find the login entrance on Bitget App/ Website
– Enter your account number and password (mobile phone number or email)
– Receive google verification code or (phone or email verification code). If the verification code is delayed, please try again or seek help from online customer service.
(2) Scan QR code (applied for Bitget Website)
– Find the login entrance on Bitget Website
– When Bitget APP is logged in, use APP to scan the QR code on PC to log in
Notification/ Verification Code
If you cannot receive a mobile phone verification code, email verification code or other notifications when using Bitget, please try the following instructions.
(1) Mobile phone verification code
– Please try to click send verification code several times and wait
– Check whether it is blocked by third-party software on the mobile phone
(2) Mail verification code
– Check whether it is blocked by the mail spam box
– Looking for help from online customer service at [email protected]
Complete Identity Verification
Identity Verification or Know Your Customer (KYC) standards are required for all users on Bitget to protect the account against fraud and financing risks. Completing the KYC process enables you to all products and services on this exchange.
The verification process on this exchange is straightforward. To complete this process, simply login to your account, click on [Account Information], and complete with your nationality, first name, last name, as well as the pictures of your government-issued ID.
Detailed guidelines: Your Quick Guide to KYC on Bitget
Services and Features
Make the most of your crypto journey with Bitget – the leading crypto exchange with a huge customer base of 2 million users from 40 countries worldwide, 8,000 of whom are active daily action.
There are over 200 trading pairs available on Bitget Spot and we are constantly adding more. Users can take advantage of our Limit Orders and Activation Orders to manage their portfolio accordingly.
A futures contract is simply an agreement between two parties to transact a particular asset at a specific future time, at a negotiated price. At its best, it helps traders improve their capital allocation with the introduction of margin and leverage, hedge portfolio risks, and smooth out turbulence.
The key difference between Spot trading and Futures trading is the ownership of assets. Spot traders acquire the actual asset ownership when transactions are completed, but futures contracts can be settled in cash only, i.e. finalized with the transfer of associated cash positions. One thing that also distinguishes spot trading from futures trading is the omission of minimum equity requirements. Some futures contracts may require a lower bound of investment for one single contract.
For the Futures trading products on Bitget, its strive for an inclusive product design so that every user can find their own solution: Bitget USDT-Ⓜ Futures, Bitget USDC-Ⓜ Futures for cautious traders, Bitget Coin-Ⓜ Futures for crypto-geeks.
When users trade futures, they are contracting to buy or sell an asset in cryptos, such as BTC, to a different trader at a current price and time shortly. It is a derivative since the trader exchanges with the crypto asset’s value, for instance, BTC, but not the actual asset.
Coin-Margined Futures is a brand new futures trading technique that was launched by Bitget. It supports numerous currencies to be used as a margin for different trading pairs. For example, using the currency ETH as a margin, the users can now be able to trade BTCUSD, ETHUSD, and EOSUSD, and the profit and loss will be determined in ETH.
Bitget provides traders with leveraged trading. They only offer perpetual, which means futures that do not have expiry dates. The maximum leverage limit price for perpetual can be 100x times the value. Leveraged trading can result in massive returns, and it can also lead to huge losses.
The Bitget copy trading feature lets users copy trade the strategies of other users on the platform at no cost for better trading. Anyone can follow any trader and start copy trading their strategy and portfolio without cost. For traders, they could make up to 8% of the profit of their followers and so develop effective strategies with copy trading.
Beginners may easily make passive income, while experienced traders can share their techniques and profit from their followers’ gains. When you complete a copy trade for the first time, you receive a $30 coupon.
Copy-trading can be explained as trading that allows investors or traders to copy the trades, strategies, or trade positions of other investors. If you are an investor, copying the trades of other investors can be executed instantly and automatically.
In essence, derivatives are contracts that draw their value from an asset. The assets could include currencies, currency rates, commodities, stocks, exchange rates, etc. Derivative trading involves selling and buying financial instruments on the stock market., and the profit is earned by anticipating future price changes.
Bitget Launchpad was launched in early 2022 with the mission of connecting investors with potential projects. There are countless new crypto projects being launched every day; not every project is sincere and keeps their commitments. Coming to the rescue, Bitget Launchpad develops a strict vetting process to ensure the quality of projects as well as assist them with marketing and raising awareness so that both investors and development teams can enjoy substantial benefits.
All projects launching on Bitget Launchpad will also be listed on Bitget Spot, encouraging investors to undertake new, exciting ventures and diversify their portfolio.
Bitget Earn is a one-stop assets management platform under the Bitget brand. The platform concentrates on providing professional and high-quality asset management services. This exchange has a wide variety of financial products with high yields and security, which can satisfy users’ diverse investment needs. Users can choose high-yield products to boost earnings based on their own demands.
A user can use the BGB tokens to settle for transaction fees and receive a 20% discount on fees and a 15 percent discount on futures trading. In total, the issued amount of the BGB tokens is 2,000,000,000. The BGB holders enjoy multiple benefits from holding and trading BGB tokens.
When the user places an order, the exchange will charge them a fee for trading. The fee for trading is usually an amount that is a fraction of the value of the trade. Many exchanges split the makers and takers fees; takers take a current order from the order book, while makers make additions to the book of orders, which creates liquidity on the platform. The taker fee is 0.1% or 0.1% spot trading fee, and the maker Fee is 0.20%.
At Bitget, it is crucial to understand spot trading options and contracts. In the case of trades in spot, takers and the makers pay the same fee of 0.20%. The fee is reduced to 0.14 percent when the user pays the fees using the exchange’s native token, the Bitget DeFi Token (BFT).
When trading contracts, the trading fees the buyers pay is 0.06%; with a discount, it comes to 0.04%; also, the user will get a 33% market order if they click the link to register, while makers pay 0.02%.
Bitget does charge a withdrawal fee of 0.0006 BTC for every BTC withdrawal, and Bitget withdrawal fees are slightly higher than the industry average. The withdrawal fee is the current industry average of 0.00053 BTC for every BTC withdrawal.
The article shared with you about Bitget and the outstanding main features of this exchange as well as instructions for users to easily perform operations on it.
It can be said that Bitget will be a great choice for those who want to have a new experience and increase profits, especially those who have large capital and want to divide their investments at other reputable exchanges. each other, so this might be a safe choice. Really, this is a win-win model: the exchange needs users and trading volume to assert its name, you – the investor need good bets to make more money during the long-term downtrend.
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DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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