Bitget

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Bitget, established in 2018, is a leading global cryptocurrency exchange, with copy trading services being one of its main features.

Collection time:
2022-08-26
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Bitget Background

Bitget Exchange was established in 2018 and is headquartered in Singapore. It focuses on contract trading and copy trading features. According to CoinMarketCap, Bitget ranks 12th in spot trading and 4th in derivatives trading (as of October 2024). This makes Bitget one of the most popular cryptocurrency trading platforms, attracting a large number of traders in Bitcoin and other digital assets.

Founder of Bitget: Henri Chen

Henri Chen, the founder of Bitget, has previously worked at major investment institutions such as the Royal Bank of Scotland (RBS), JPMorgan, and Bohai Huamei (a private fund company). He led a team of financial experts from top investment banks and technical staff from Silicon Valley to co-found Bitget.

Is Bitget Safe?

Bitget holds numerous financial regulatory licenses, such as the MSB license from the U.S. FinCEN (Financial Crimes Enforcement Network), the MSB license from Canada’s FINTRAC, and the DCE license from Australia, along with an exemption for digital currency payment services in Singapore. Bitget plans to obtain more regulatory licenses in the future to further ensure the safety of users’ assets. Due to the risks of cryptocurrency fraud, choosing a blockchain trading platform with regulatory protections is crucial for investors in digital currencies.

Reserve Proof

Bitget guarantees 100% reserve backing for user assets. It publishes monthly Merkle Tree proof, platform reserves, and reserve ratios, ensuring that user assets are not misused by the exchange. In the case of large user withdrawals, the exchange can still allow normal withdrawals.

Main Features of Bitget

Spot Trading

Bitget offers trading for over 800 different tokens, with the number continuously increasing, making it suitable for users who wish to engage in various virtual currency investments.

Contract Trading

Bitget provides leverage contracts for USDT, USDC, and crypto-based assets with leverage from 1x to 125x. Features such as order placement, take-profit/stop-loss, and one-click settlement are available for flexible trading strategies.

Strategy Trading

  • Quantitative Trading Robots:

    • Spot Grid Robot: Automatically buys low and sells high within a set price range.

    • Contract Grid Robot: Combines the low-risk nature of spot grids with the high-reward nature of leveraged contracts, enabling automatic low buy-high sell strategies, and users can choose to go long or short to amplify profits.

    • Dollar-Cost Averaging (DCA) Robot: Automatically buys at regular intervals at preset prices, helping users diversify risk and average costs.

    • Coin Holding Bot: Automatically buys or sells to maintain a specific ratio when the price of the selected coin increases or decreases.

Wealth Management

Bitget offers low-risk wealth management products, such as “flexible” and “fixed” staking, Launchpool, and PoolX, providing users with diversified options for increasing their crypto asset value.

Pre-Market Trading

Bitget also offers pre-market trading for tokens that are not yet listed, allowing users to purchase before the listing and increase liquidity for these tokens. Pre-market trading generally has higher price volatility, providing an opportunity for short-term arbitrage investors.

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