One of the best trading platforms for investing in cryptocurrencies | Bitget Comprehensive Analysis

Author: Bitget

What is Bitget?

Bitget was established in 2018 and is a leading global cryptocurrency exchange, with copy trading services as one of its main features. The exchange currently serves over 20 million users in more than 100 countries and regions worldwide, aiming to help users trade smarter by providing secure, one-stop trading solutions. Bitget has also formed a strategic partnership with Argentine football legend Lionel Messi.

Advantages and Disadvantages of Bitget:

Advantages:

1. A top 5 global cryptocurrency trading platform with excellent trading depth and liquidity;
2. The first copy trading platform in the crypto industry, offering a wide selection of experienced crypto investors to follow;
3. Protection fund + proof of reserves, with 0 security incidents on the platform, ensuring asset safety.

Disadvantages:

1. High international recognition, but average domestic awareness;
2. Services can only be used after completing KYC.

Is Bitget a Reliable Trading Platform?

Yes. First, Bitget is Messi's only partner in the crypto field. Secondly, Bitget was the first to launch the protection fund to ensure that users' assets are protected in case of any incidents, and Bitget promises to maintain the fund's value above $300 million for the next three years. Recent data shows that the Bitget protection fund has consistently maintained a scale of over $330 million. Additionally, Bitget has launched proof of reserves, and according to the latest data from September, Bitget's overall reserve ratio is 207%. 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 offers industry-leading copy trading services, allowing ordinary investors to profit by mimicking the investment strategies of professional investors without needing to master complex crypto technologies and trading strategies. For professional investors, Bitget not only provides specialized investment tools but also offers a more open investment platform. Professional investors can earn additional income by sharing their investment strategies and further expand their influence through Bitget. In summary, Bitget is worth trying and using for every cryptocurrency investor.

Introduction to Using Bitget

Step 1: Register a Bitget Account

You can register a Bitget account using your mobile phone number or email, and it only takes 1 minute to complete the registration, which is very convenient.

Step 2: Complete Identity Verification

Bitget implements a strict KYC policy, and you can only use Bitget's products and services after completing identity verification. However, the verification process is also very simple. Go to the identity verification page > click to start verification > fill in your ID number > upload ID photos > complete facial recognition.

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

Step 3: Fund Your Account

Bitget supports two methods for depositing funds, namely C2C trading or transferring from other exchanges or wallets to Bitget.

Method 1: C2C Trading

You can complete the deposit through "C2C trading" and "quick sell" in Bitget's "C2C". C2C trading has zero fees and supports various payment methods such as bank transfer, WeChat, and Alipay to trade USDT.

Method 2: On-chain Transfer

With this method, users can transfer crypto assets from their wallets or other trading platforms to Bitget.

Step 4: Buy Cryptocurrency

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

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

In the pop-up page, select the source account to transfer from and the target account, enter the transfer amount, and click confirm.

Once the fund transfer is complete, you can start formal cryptocurrency trading. As a leading global cryptocurrency trading platform, Bitget supports contract trading, spot trading, leveraged trading, and more.

Taking contracts as an example, here is a brief explanation:

Currently, Bitget supports USDT contracts, USDC contracts, and coin-margined contracts.

Different types of contracts require different margin payments. For example, for USDT contracts, you need to have enough USDT in your contract account to open a position. For coin-margined contracts, you need to have the corresponding cryptocurrency in your account, such as for the UTC USD contract, you need to use BTC as margin to open a position.

Step 5: Copy Trading

For newcomers to cryptocurrency investing, I highly recommend using Bitget's copy trading service. Copy trading refers to the method where investors follow other investors (often referred to as trading experts) who have the same investment portfolio or positions. Currently, there are over 540,000 copy trading users, with total earnings of $380 million, and trading experts have earned over $20 million from their trades.

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

Select Trader

Copy Trading Settings

Step 6: Crypto Wealth Management

In addition, Bitget offers more products. If you are a long-term holder of cryptocurrencies, you can also earn high and stable passive income through various products such as Bitget Wealth Management, Launchpad, Dual Currency Investment, and Shark Fin.

Bitget Wealth Management is a zero-risk investment product on Bitget that offers 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 Token Launch

• Bitget Launchpad is a platform for launching popular and high-quality crypto projects, having discovered multiple 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 win airdrops by completing tasks. No financial investment is required; users only need to complete specified tasks to have a chance to receive token airdrops.

(2) Principal-Protected Wealth Management

• Bitget Shark Fin is a principal-protected structured wealth management product that combines fixed-income products with financial derivatives, making it a simple investment method very suitable for conservative investors who prefer low risk.
• Trend Smart Earnings is also a principal-protected innovative financial product that uses a combination of fixed assets and different options to create various structured risk-enhanced products. It balances the risk of price fluctuations while appreciating assets. Investors can enjoy basic annualized returns while gaining enhanced returns from the price increase/decrease of digital assets based on their judgment of price trends. Even if your prediction is incorrect, you can still enjoy the basic APR at settlement.

(3) Non-Principal-Protected Wealth Management

• Dual Currency Investment is a non-principal-protected product involving two cryptocurrencies with considerable returns. It is suitable for hoarders who plan to hold digital currencies long-term but also want to steadily increase the number of tokens.
• Range Sniper is a non-principal-protected wealth management product composed of a series of option combinations. It helps users earn considerable returns in sideways or one-sided markets, allowing for corresponding low-buy or high-sell trades when the market direction contradicts their judgment, thus obtaining substantial interest returns.

Conclusion

As a well-established exchange 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 record of 0 security incidents further reassures investors. Coupled with its unique advantages in copy trading and its ability to achieve growth through innovative products and services during bear markets, these achievements have made Bitget the preferred platform for entering cryptocurrency investments.