Home Crypto Bitget Review – Is It Safe to Use or Not? • crypto.ro

Bitget Review – Is It Safe to Use or Not? • crypto.ro

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Bitget has gathered consideration for its big selection of services designed to satisfy the wants of all sorts of crypto traders and merchants.

Established in 2018, Bitget has quickly grown to develop into a big participant within the crypto {industry}, with over 25 million registered customers and a each day buying and selling quantity surpassing $10 billion USDT.

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What is Bitget?

Bitget was based in 2018 by a group of early blockchain adopters and conventional finance professionals who ventured into the cryptocurrency house with a perception in its transformative potential.

Initially encountering skepticism and volatility, the group remained dedicated to constructing a safe, user-centric buying and selling platform.

Bitget’s core philosophy facilities round innovation, user-first insurance policies, and long-term improvement.

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Bitget is proud to be the primary to carry copy buying and selling to the cryptocurrency market since 2020. Bitget Copy Trade is designed as a strong and sensible instrument for all merchants, whether or not they’re absolute inexperienced persons or have already got a sure stage of expertise available in the market.

This function applies the ideas of Social Trading, enabling customers to attach with skilled merchants and be taught their success secrets and techniques.

By following professional merchants, customers, often called Followers, can mechanically copy all orders executed by the merchants they observe.

This system creates a clear and dependable buying and selling surroundings the place each skilled merchants and inexperienced persons can collaborate to generate extra earnings.

Key Statistics

  • 165,000+ Elite Traders
  • 800,000+ Followers
  • $530,000,000+ Realized PnL
  • 100 million trades accomplished

How to Get Started

Getting began with Bitget Copy Trade is simple. Users can start by choosing an elite dealer to observe, thereby mechanically copying their trades.

This permits customers to profit from the methods and market insights of skilled merchants with no need in depth buying and selling information themselves.

1. Selecting the Best Trader(s)

Bitget supplies instruments to assist customers choose the perfect merchants to observe:

  • Elite Traders Comparison: This function permits customers to check a number of merchants primarily based on their primary data, buying and selling information, and insights actions.
  • Filtering Options: Users can filter merchants by total rating, ROI, AUM, and extra on the homepage for each Futures and Spot Copy Trading.
  • Trader Profiles: Each dealer’s profile contains success metrics comparable to ROI, Maximum Drawdown, Total Copy Traders, Total Profit, Win Rate, and AUM. The Orders tab reveals historic trades, whereas the Followers tab supplies particulars of their followers.
  • Analysis: Key metrics are visualized to offer a abstract of a dealer’s actions over varied time intervals, serving to customers perceive the dealer’s technique.

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2. Setting Your Preferences

When selecting to observe a dealer, customers can customise their copy buying and selling preferences:

  • Profit Share Ratio: Indicates how a lot of the follower’s earnings the dealer shares.
  • Futures Contracts or Trading Pairs: By default, followers are uncovered to all futures contracts or buying and selling pairs enabled by the dealer. Users can edit this choice to suit their preferences.
  • Copy Mode: Users can select between Fixed Amount and Multiplier modes. The Fixed Amount mode allocates a pre-set quantity of fairness for every commerce, whereas the Multiplier mode synchronizes the follower’s fairness proportionally with the dealer’s.

3. Managing Your Trades

Users can evaluate all their trades and positions on the homepage. They have the choice to manually shut particular person positions or shut all positions concurrently.

4. Trader Application

Experienced merchants searching for a brand new stream of passive earnings can apply to develop into a futures or spot dealer on Bitget Copy Trade. The platform supplies a possibility for merchants to showcase their expertise and earn from their followers’ success.

  • Application Requirements: Traders should have no open positions, orders, or set off orders in any futures accounts and should not be following some other dealer on the time of software. Only one account per dealer is allowed.
  • Deposit Requirements: The most variety of followers is tiered primarily based on the dealer’s fairness of their futures or spot account. Higher fairness permits for extra followers.
  • Trader List Requirements: To be displayed on the Trader List, merchants should keep a minimal stability of their account and full a minimum of one order supported by the platform.

5. Profit Sharing Scheme

Traders can share as much as 10% of their followers’ earnings, with the share relying on the quantity of BGB locked. This scheme incentivizes merchants to enhance their methods frequently.

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Other Bitget Products

Bitget gives a complete vary of services designed to cater to the various wants of cryptocurrency customers, from inexperienced persons to skilled merchants. This part supplies an in depth examination of the varied merchandise out there on the Bitget platform, providing insights into their options and functionalities.

1. Buy Crypto

Bitget simplifies the method of buying cryptocurrencies by a number of handy strategies, every tailor-made to satisfy the various wants of customers.

Credit/Debit Card

Users should buy crypto utilizing Visa, Mastercard, Google Pay, or Apple Pay. This technique is designed to be user-friendly and accessible, permitting for fast transactions. The course of entails choosing the cryptocurrency to buy, getting into the cost particulars, and finishing the transaction inside minutes.

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2. P2P Trading

The P2P (peer-to-peer) buying and selling function permits customers to purchase crypto instantly from different customers on the platform. This technique gives flexibility as customers can filter for sellers primarily based on foreign money, cost technique, and worth, guaranteeing optimum transactions that meet their particular wants.

It supplies an added layer of belief as transactions are performed instantly between customers with Bitget appearing as an middleman to make sure safety.

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Cash Conversion

Cash Conversion is a one-click choice to purchase crypto with a fiat stability, supported currencies embody EUR and BRL. This technique simplifies the conversion course of, making it straightforward for customers to buy crypto utilizing their fiat foreign money. Users choose their most popular foreign money and quantity, and Bitget handles the conversion seamlessly.

Quick Buy

Quick Buy is a streamlined technique for buying cryptocurrencies, supporting varied cost strategies together with credit score/debit playing cards, money balances, and e-wallets. This function facilitates quick and environment friendly transactions by permitting customers to pick out their most popular cost technique and fiat foreign money. The platform guides customers by a easy course of to finish their purchases promptly.

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Third-Party Providers

Bitget helps purchases by partnered third-party cost suppliers, providing extra flexibility and comfort. These suppliers differ primarily based on the consumer’s area and embody standard choices comparable to Visa, Mastercard, Apple Pay, and Google Pay. Users can choose the supplier that most accurately fits their wants and full their transactions with ease.

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2. Bitget Earn

Bitget Earn is an all-encompassing asset administration platform that gives a wide range of monetary merchandise to cater to the various funding wants of customers. The platform supplies skilled and high-quality asset administration companies, permitting customers to select from a variety of merchandise primarily based on their preferences, funding horizons, and threat appetites.

Flexible Savings

Flexible Savings is a product that gives hourly/each day curiosity on 200 cryptocurrencies and permits funds to be redeemed at any time. This low-risk choice allows customers to earn curiosity on their idle property with the flexibleness to withdraw funds each time wanted. The curiosity earnings is credited to the consumer’s spot account each day, ranging from the second day after subscription.

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Fixed Savings

Fixed Savings gives larger returns than Flexible Savings, with a set subscription interval of 30 or 60 days. This product supplies better stability for these prepared to lock their property for a specified interval. At the tip of the subscription interval, the locked property are returned together with any earnings earned. Fixed Savings is right for customers in search of a stability between threat and reward.

Staking

Bitget Staking permits customers to stake 29 standard cryptocurrencies, together with SOL, ETH, and NEAR, incomes each day curiosity. This product gives flexibility as customers can redeem their staked property at any time. Bitget ensures full ROI by not taking a lower of the earnings. Interest begins to accrue the day after staking, and earnings are credited to the consumer’s spot account each day.

BGB Staking is a selected staking choice for Bitget’s native token, BGB. Users can stake BGB to take pleasure in advantages comparable to zero-fee withdrawals and a 2% APY. Staking BGB supplies a possibility to earn a gentle return whereas taking part within the platform’s ecosystem and having fun with unique advantages.

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Launchpool

Bitget Launchpool is a platform for staking and farming standard or newly listed tokens. Users can stake BGB or different designated tokens within the pool without cost, with a complete staked quantity of over $1.96 billion USDT. Launchpool permits customers to earn new tokens by staking their current property, offering a approach to achieve publicity to new initiatives with out extra funding.

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Dual Investment

Dual Investment is a non-principal-guaranteed product providing important returns by investing in two totally different crypto property. It is designed for long-term holders who wish to develop their crypto whereas holding.

Dual Investment permits customers to purchase crypto property at a cheaper price or promote at the next worth, incomes curiosity no matter worth actions. This product allows customers to configure a number of portfolios for max profitability.

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Shark Fin

Shark Fin is a capital-guaranteed structured wealth product that mixes mounted earnings merchandise with monetary derivatives. This product caters to risk-averse traders preferring stability.

Shark Fin helps customers earn secure earnings inside their threat urge for food. The APR vary for Shark Fin merchandise is up to date hourly primarily based on market costs however turns into mounted as soon as curiosity accrual begins.

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Smart Trend

Smart Trend is an progressive monetary product with assured capital. It makes use of mounted property and choice combos to assemble structured risk-return enhanced merchandise. Smart Trend is appropriate for each bullish and bearish market developments, permitting traders to stability the chance of foreign money worth fluctuations whereas growing funding worth.

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Bitget Wealth Management

Bitget Wealth Management supplies skilled asset administration companies, concentrating on high-net-worth people, asset administration consultants, and Bitget VIP members.

The platform goals to assist purchasers obtain regular wealth development by fastidiously chosen funding bots. Funds are securely entrusted to Bitget, and asset administration bots are supplied by top-tier international suppliers with confirmed monitor data.

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Spot Auto Invest

Spot Auto-Invest+ is a bot designed to extend earnings by depositing cryptocurrencies gained from the auto-invest bot into Flexible Savings.

This function generates extra each day returns and permits for redemption at any time. Funds are mechanically deposited into the desired Flexible Savings product, with curiosity earnings credited to the consumer’s spot account each day.

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Bitget Crypto Loan

The Crypto Loan function permits customers to make the most of their crypto property as collateral to borrow different cryptocurrencies.

This over-collateralized technique ensures the safety of the borrowed property whereas offering flexibility for customers to make use of the loaned funds for varied functions, together with buying and selling or investing in Bitget Earn merchandise.

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Bitget PoolX

Bitget PoolX gives a extra versatile staking choice in comparison with conventional staking, permitting customers to redeem their staked tokens from a staking pool at any time.

This flexibility is advantageous for customers who wish to keep liquidity whereas incomes staking rewards, enabling them to react shortly to market adjustments or benefit from new alternatives.

Bitget PoolX distributes rewards on an hourly foundation, permitting customers to reinvest earnings again into the staking pool a lot faster

PoolX operates as a stake-to-mine platform, providing staking rewards in standard tokens. Users can stake specified tokens, together with stablecoins like USDT or Bitget’s native token BGB, with APRs calculated individually for every staking pool.

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3. Bitget Trade

Bitget gives a wide selection of buying and selling choices, together with spot buying and selling, futures buying and selling, and crypto conversion options, all designed to offer a complete buying and selling expertise.

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4. Bitget Spot

Bitget Spot buying and selling is a core function of the Bitget platform, enabling customers to purchase and promote cryptocurrencies with ease. The platform gives a variety of buying and selling pairs, excessive liquidity, and superior buying and selling instruments to help knowledgeable decision-making.

  • Trading Pairs: Bitget Spot helps over 550 buying and selling pairs, permitting customers to commerce a various array of cryptocurrencies.
  • High Liquidity: The platform ensures excessive liquidity throughout all buying and selling pairs, making it straightforward for customers to enter and exit positions with minimal worth influence. High liquidity ensures the perfect bid/ask unfold, offering a seamless buying and selling expertise.
  • Low Fees: Bitget gives aggressive buying and selling charges to draw high-volume merchants. Users can profit from lowered charges by holding BGB, Bitget’s native token.
  • Real-Time Charts and Indicators: Bitget supplies real-time buying and selling charts and a wide range of technical indicators to help merchants in making knowledgeable selections. Users can customise their buying and selling interface to swimsuit their wants.
  • Benefits of Holding BGB: By holding BGB, customers can take pleasure in zero-fee withdrawals and take part in unique options inside the Bitget ecosystem.

5. Futures Trading

Bitget’s futures buying and selling platform gives superior options and excessive leverage, permitting merchants to maximise their potential earnings. Futures buying and selling is a high-risk, high-reward endeavor, and Bitget supplies the instruments essential to navigate this advanced market.

  • Leverage: Bitget gives as much as 125x leverage on its futures merchandise, enabling merchants to amplify their positions. However, it’s essential for merchants to grasp the dangers related to excessive leverage.
  • Futures Products:
    • USDT-M Futures: Perpetual futures settled in USDT, providing a secure and broadly accepted buying and selling pair.
    • USDC-M Futures: Perpetual futures settled in USDC, offering one other stablecoin choice for futures buying and selling.
    • Coin-M Futures: Perpetual and supply futures settled in varied cryptocurrencies, permitting customers to commerce with the underlying asset.
  • Futures Copy Trading: This function permits customers to observe and replica the trades of high futures buying and selling consultants. It supplies a possibility for novice merchants to be taught from skilled professionals and probably enhance their buying and selling efficiency.
  • Trading Bots: Bitget gives good contract buying and selling bots that allow automated buying and selling methods. These bots might help merchants execute trades primarily based on predefined standards, decreasing the necessity for fixed monitoring.
  • Futures Kickoff: A function designed to assist new customers get began with futures buying and selling in two easy steps, making it accessible even for inexperienced persons.

6. Bitget Convert

Bitget Convert is an easy and environment friendly instrument for changing cryptocurrencies. This function eliminates transaction charges and slippage through the use of a quoting mannequin, offering customers with aggressive trade charges.

  • Zero Fees: Users can convert cryptocurrencies with out incurring transaction charges, making it an economical choice for frequent conversions.
  • Competitive Rates: Bitget Convert gives aggressive charges primarily based on present market circumstances. Users obtain a quote earlier than executing the conversion, guaranteeing transparency.
  • Wide Range of Supported Coins: Most cryptocurrencies listed on Bitget may be transformed utilizing this function, together with BTC, USDT, ETH, and extra.
  • Instant Conversion: The conversion is executed instantly upon accepting the quote, with the exchanged crypto deposited instantly into the consumer’s spot account.

7. Bitget Swap

Bitget Swap is a key function of the Bitget Wallet, designed to offer customers with the perfect costs for token swaps throughout varied blockchains. It aggregates liquidity from a number of DEXs and cross-chain bridges, guaranteeing optimum buying and selling circumstances.

  • Aggregated Liquidity: Bitget Swap sources liquidity from lots of of DEXs, providing customers entry to the deepest liquidity swimming pools. This ensures that customers obtain the very best buying and selling costs.
  • Cross-Chain Transactions: The platform helps seamless cross-chain swaps, permitting customers to commerce tokens throughout totally different blockchains effortlessly. Users can swap from token A on blockchain B to token C on blockchain D in a single transaction.
  • Automatic Slippage Reduction: Bitget Swap introduces an automated slippage function to attenuate transaction prices. This function adjusts slippage settings to make sure customers obtain the very best commerce execution.
  • Instant Gas Feature: Even if customers don’t maintain the mainnet token of their pockets, they’ll nonetheless full transactions. Bitget Swap covers the fuel price by the Instant Gas advance cost, enhancing the consumer expertise.

Bitget Fees

Bitget gives a tiered price construction primarily based on buying and selling kind (spot vs futures) and VIP membership standing. Here’s a breakdown:

Standard Fees (Non-VIP):

  • Spot Trading:
    • Maker Fee: 0.1% per commerce (provides liquidity to the order ebook)
    • Taker Fee: 0.1% per commerce (removes liquidity from the order ebook)
  • Futures Trading:
    • Maker Fee: 0.02% per commerce
    • Taker Fee: 0.06% per commerce

BGB Discount:

Bitget incentivizes holding their native token, BGB, by providing a 20% low cost on all buying and selling charges in the event you pay with BGB. This successfully reduces the charges to:

  • Spot Trading: 0.08% (maker & taker)
  • Futures Trading: 0.016% (maker) & 0.048% (taker)

VIP Fee Tiers:

Bitget has a VIP program with a number of tiers, every providing progressively decrease buying and selling charges. These usually require excessive buying and selling quantity or holding a certain quantity of BGB

Bitget Security

Bitget locations a powerful emphasis on safety to make sure the security and integrity of customers’ property. The platform incorporates industry-leading measures in pockets safety, community safety, threat management, and information safety.

These complete safety protocols are designed to guard customers from potential threats and keep a safe buying and selling surroundings.

Proof of Reserves

Bitget ensures that it holds 100% of customers’ property in reserves and publishes its Merkle Tree proof, platform reserves, and platform reserve ratio on a month-to-month foundation.

The time period “Proof of Reserves” refers to an auditing process that verifies the holdings of an trade by cryptographic proofs, public pockets possession, and recurring audits.

This course of supplies transparency and proof of the existence of liquid on-chain reserves that exceed or equal the sum of all consumer holdings.

To obtain this, Bitget shops the hash of every consumer account’s property in a leaf node on the Merkle tree.

Each consumer can confirm that their property exist within the Merkle tree by checking the overall quantity of consumer property saved within the Merkle tree leaf nodes.

If the overall quantity verified is bigger than or equal to 100%, it implies that the platform has confirmed that it might probably cowl all consumer property.

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Bitget Protection Fund

The Bitget Protection Fund is a further layer of safety designed to guard customers from unexpected cybersecurity threats. The fund is at the moment valued at $395 million, comprising 6,500 BTC. The worth of the fund is predicated on the entry worth at 12:00 AM (UTC) day by day.

  • The Bitget Protection Fund supplies the platform with further resilience in opposition to cybersecurity threats.
  • It demonstrates Bitget’s dedication to defending customers’ property and working with transparency and integrity.
  • Users who’ve their accounts compromised or property stolen or misplaced as a consequence of occasions not attributable to their very own actions or buying and selling conduct could make a declare by the Bitget Protection Fund.

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Our tackle Bitget

Bitget has established itself as a formidable participant within the cryptocurrency trade panorama, providing a variety of services designed to satisfy the wants of each novice and seasoned merchants.

Bitget’s in depth product suite is one among its most important benefits. The platform gives a wide range of buying and selling choices, together with spot buying and selling, futures buying and selling, and a sturdy copy buying and selling system. Each product is designed to cater to totally different ranges of buying and selling expertise and threat tolerance, making Bitget accessible to a broad consumer base.

  • Buy Crypto: Bitget simplifies the method of buying cryptocurrencies with a number of cost choices, together with credit score/debit playing cards, P2P buying and selling, and third-party suppliers. This flexibility ensures that customers from totally different areas can simply entry the platform.
  • Bitget Earn: The various vary of economic merchandise beneath Bitget Earn, comparable to Flexible Savings, Fixed Savings, Staking, Dual Investment, and Shark Fin, present customers with quite a few alternatives to develop their property. The introduction of progressive merchandise like Smart Trend showcases Bitget’s dedication to catering to varied funding methods and threat appetites.
  • Bitget Wealth Management: For high-net-worth people {and professional} traders, Bitget Wealth Management gives a safe and environment friendly approach to handle crypto property, leveraging top-tier funding bots and a rigorous choice course of.

Innovative Trading Features

Bitget’s buying and selling options are designed to boost the consumer expertise and supply superior buying and selling capabilities:

  • Spot Trading: With over 550 buying and selling pairs and excessive liquidity, Bitget Spot ensures seamless market entry and exit, supported by real-time charts and technical indicators.
  • Futures Trading: Offering as much as 125x leverage, Bitget’s futures buying and selling platform caters to merchants searching for high-risk, high-reward alternatives. The inclusion of futures copy buying and selling and automatic buying and selling bots additional enriches the buying and selling expertise.
  • Bitget Convert and Swap: These options provide customers environment friendly methods to transform and swap cryptocurrencies with zero transaction charges, leveraging aggregated liquidity and clever routing to seek out the perfect costs.

Security and Transparency

Bitget’s dedication to safety and transparency is clear by its industry-leading practices:

  • Proof of Reserves: By publishing month-to-month Merkle Tree proofs and platform reserve ratios, Bitget supplies customers with verifiable proof of its capacity to cowl all consumer property, guaranteeing most transparency and belief.
  • Bitget Protection Fund: Valued at $395 million, the Bitget Protection Fund provides an additional layer of resilience in opposition to cybersecurity threats, demonstrating Bitget’s dedication to defending consumer property.

Copy Trading Excellence

Bitget is a pioneer in crypto copy buying and selling, providing a platform the place customers can observe and replicate the trades of elite merchants. With over 165,000 elite merchants and 800,000 followers, Bitget Copy Trade has facilitated over $530 million in realized PnL, showcasing its effectiveness and recognition.

  • User-Friendly Interface: The platform makes it straightforward for customers to start out copy buying and selling, offering detailed dealer profiles, efficiency metrics, and customizable copy settings.
  • Educational Resources: Bitget helps its copy buying and selling function with instructional instruments like Bitget Academy and Bitget Insights, serving to customers make knowledgeable selections and enhance their buying and selling methods.

Our evaluation signifies that Bitget is well-equipped to proceed its development and keep its repute as a trusted and forward-thinking platform within the quickly evolving world of digital finance.

Frequently Asked Questions

What is Bitget?

Bitget is a cutting-edge cryptocurrency trade that goals to simplify the buying and selling expertise for everybody, from inexperienced persons to seasoned execs.

With Bitget, you may commerce all kinds of digital property, dive into futures buying and selling, and even benefit from their progressive copy buying and selling function.

This means you may observe and replicate the methods of high merchants, providing you with a leg up within the crypto world with out having to be an professional your self. It’s like having a seasoned mentor guiding your each transfer within the advanced world of cryptocurrency buying and selling.

Where is Bitget positioned?

Bitget is headquartered in Seychelles. It’s a worldwide cryptocurrency trade recognized for providing a wide range of buying and selling companies, together with futures and spot buying and selling. They even have one of many largest crypto copy buying and selling platforms. Founded in 2018, Bitget has grown considerably, with over 1,500 workers from 60 nations and tens of millions of customers worldwide.

 



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