One of the best cryptocurrency trading platforms for investment | Bitget Complete Analysis

CN
1 year ago

As a well-established exchange that has been operating for over 5 years, Bitget not only has a rich product matrix and user-friendly services, but also serves over 20 million users worldwide, and its zero security incidents also provide peace of mind for investors.

What is Bitget?

Bitget was founded in 2018 and is a leading global cryptocurrency exchange, with copy trading services being one of its main features. The exchange currently serves over 20 million users in more than 100 countries and regions, committed to helping users trade more intelligently by providing secure, one-stop trading solutions. Bitget has also formed a strategic partnership with the legendary Argentine football star Lionel Messi.

Pros and Cons of Bitget:

Pros:

  1. Ranked among the top 5 global cryptocurrency trading platforms, with excellent trading depth and liquidity;

  2. The first cryptocurrency exchange to offer copy trading, with a large number of experienced cryptocurrency investors to choose from;

  3. Protection fund + proof of reserves, zero security incidents on the platform, ensuring asset security.

Cons:

  1. High international visibility, but only moderate domestic visibility;

  2. KYC is required to use its services.

Is Bitget a reliable trading platform?

Yes. Firstly, Bitget is the only partner of Messi in the cryptocurrency field. Secondly, Bitget was the first to introduce a protection fund to ensure the protection of user assets in the event of any incidents, and Bitget has committed to maintaining the value of the fund at over 300 million USD for the next three years. The latest data shows that Bitget's protection fund size has been consistently maintained at over 330 million USD. In addition, Bitget has also introduced a proof of reserves, with the latest data from September showing a comprehensive reserve ratio of 207% for Bitget. Specifically, the reserve ratios for BTC, ETH, USDT, and USDC are 423%, 144%, 132%, and 2052% respectively.

Who is Bitget suitable for?

Bitget is suitable for various types of investors. For beginners, Bitget provides industry-leading copy trading services, allowing ordinary investors to mimic the investment strategies of professional investors and profit without needing to master complex cryptocurrency technology and trading strategies. For professional investors, Bitget not only provides professional investment tools, but also offers a more open investment platform. Professional investors can not only earn additional income by sharing their investment strategies, but also expand their influence through Bitget. In summary, Bitget is worth trying and using for every cryptocurrency investor.

Introduction to Using Bitget

Step 1: Register for a Bitget account

You can register for a Bitget account using your phone number or email, and the registration process takes just 1 minute, making it very convenient.

Step 2: Complete identity verification

Bitget has implemented strict KYC policies, and only after completing identity verification can you use Bitget's products and services. However, the verification process is also very simple. Go to the identity verification page > click on start verification > enter your ID number > upload ID photos > complete facial recognition.

Currently, Bitget provides two levels of identity verification. For most users, completing level 1 verification is sufficient.

Step 3: Deposit funds into your account

Bitget supports 2 ways to deposit funds, namely C2C trading, or transferring from other exchanges or wallets to Bitget.

Option 1: C2C trading

You can deposit funds through "C2C trading" and "Quick Sell" in Bitget's "C2C" section. C2C trading has zero fees and supports various payment methods such as bank transfers, WeChat, and Alipay to trade USDT.

Option 2: On-chain transfer

Through this method, users can transfer cryptocurrency from their wallets or other cryptocurrency exchanges to Bitget.

Step 4: Purchase cryptocurrency

Before starting trading, users need to ensure that the deposited assets have been transferred to the corresponding account. For example, before starting futures trading, funds need to be transferred to the futures account. The process for transferring funds is as follows:

Click on the wallet on the homepage, then click on transfer.

On the pop-up page, select the account from which the funds are located and transfer to the target account, enter the transfer amount, and click confirm.

After the fund transfer is completed, you can start formal cryptocurrency trading. As a leading global cryptocurrency trading platform, Bitget supports futures trading, spot trading, leverage trading, and more.

Below is a simple explanation using futures trading as an example:

Bitget currently supports U-based futures contracts, USDC contracts, and coin-based futures contracts.

Different types of futures contracts require different margin payments. For example, for U-based futures contracts, there needs to be enough USDT in the futures account to open a position. Coin-based futures contracts require the corresponding cryptocurrency in the account, for example, for the UTCUSD contract, BTC is required as margin to open a position.

Step 5: Copy trading

For novice cryptocurrency investors, I recommend using Bitget's copy trading service. Copy trading refers to investors following other investors (usually referred to as trading experts) with the same investment portfolio or positions. Currently, there are over 540,000 copy trading users, with a total copy trading profit of 380 million USD, and trading experts' income from copy trading exceeding 20 million USD.

As the largest copy trading platform in the industry, Bitget's copy trading products are very easy to use. After logging into Bitget, click on "Copy Trading" > select a trader > copy trading settings > view copy trading data > sell or close the order.

Select a trader

Copy trading settings

Step 6: Cryptocurrency Financial Management

In addition, Bitget also offers more products. If you are a long-term holder of cryptocurrencies, you can also earn high and stable passive income through Bitget's financial management products such as Savings, Launchpad, Dual Investment, and Range Sniper.

Bitget Savings is a zero-risk investment product on Bitget, offering competitive and stable annual percentage rates (APR). It currently supports many mainstream cryptocurrencies such as USDT, BTC, ETH, ARB, XRP, TRX, MATIC, and more.

(1) New Listings

  • Bitget Launchpad is a platform for launching popular and high-quality cryptocurrency projects, and it has discovered multiple high-quality projects for users.

  • New Coin Mining allows users to earn new tokens for free by staking specific tokens.

  • Bitget Candy House is the industry's first centralized platform for cryptocurrency treasure hunters to complete tasks and win airdrops. Users have the opportunity to receive token airdrops by completing specified tasks without any capital investment.

(2) Capital Guaranteed Financial Management

  • Bitget Shark Fin is a capital-guaranteed structured financial product that combines fixed-income products with financial derivatives, offering a simple investment method and is very suitable for conservative investors who prefer low-risk investments.

  • Smart Trend is also an innovative capital-guaranteed financial product that uses fixed assets and different options combinations to build structured risk-reward-enhanced products. It balances the risk of coin price fluctuations while the assets appreciate. Investors can enjoy enhanced returns on the rise or fall of digital asset prices based on their own price trend judgments, while still enjoying the basic APR even if their predictions are incorrect.

(3) Non-Capital Guaranteed Financial Management

  • Dual Investment is a non-capital guaranteed product involving two cryptocurrencies with considerable returns. It is suitable for investors who intend to hold digital assets for the long term but also want to steadily increase the quantity of tokens.

  • Range Sniper is a non-capital guaranteed financial product composed of a series of options combinations. It can help users achieve substantial profits in a sideways or one-sided market. When the market direction is contrary to the judgment, corresponding low buy or high sell trades can still yield substantial interest rates.

In summary

As a well-established exchange that has been operating for over 5 years, Bitget not only has a rich product matrix and user-friendly services, but also serves over 20 million users worldwide, and its zero security incidents also provide peace of mind for investors. In addition to its unique advantages in copy trading, Bitget has achieved a counter-trend rise in the bear market through innovative products and services, making it the preferred platform for entering the cryptocurrency investment field.

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