Bitget Review & Tutorial: Beginner's Guide on How to Use Bitget

Summary

This video provides a comprehensive beginner’s guide to spot trading on Bitget, a cryptocurrency exchange platform. It covers key topics like signing up, securing your account, depositing crypto, and finding wallet addresses. The tutorial explains how to execute buy and sell orders using market and limit orders, as well as how to withdraw your funds. It also introduces advanced features like Futures trading, copy trading, and earning daily interest on crypto. With a focus on user-friendly navigation and security, the video offers a solid foundation for newcomers to start trading on Bitget.

Takeaways

• 😀 Bitget is a cryptocurrency exchange that launched in 2018, offering both spot and futures trading options to over 2 million users globally.
• 😀 The platform provides **zero-fee spot trading**, allowing users to trade over 350 tokens with zero trading fees (available until further notice).
• 😀 Bitget offers advanced trading features like **125x leverage** for Futures trading, as well as **copy trading**, where users can mimic the trades of professional traders for free.
• 😀 To get started with Bitget, users need to sign up on the official site, providing an email or phone number and setting a secure password.
• 😀 New users can earn up to **$4,163 in bonuses** for completing tasks like KYC verification and making deposits.
• 😀 It's crucial to **secure your Bitget account** by enabling **2FA** (Google Authenticator), setting anti-phishing codes, and using strong passwords.
• 😀 Bitget supports various cryptocurrencies, and users can deposit funds by selecting the correct crypto and network (e.g., BTC, USDT, Ethereum).
• 😀 Once funds are deposited, users can start spot trading by selecting trading pairs like **BTC/USDT** and executing orders using **Market**, **Limit**, or **Trigger Orders**.
• 😀 A **Market Order** executes immediately at the best available price, while a **Limit Order** allows users to set their own price and wait for it to be met.
• 😀 **Trigger Orders** enable users to automate trades based on price triggers, which is helpful for managing risk and capturing profit at specific price points.
• 😀 Users can withdraw funds from Bitget by selecting the cryptocurrency and network, entering the withdrawal address, and confirming the transaction, with transparent fees shown before confirming the withdrawal.

Q & A

What is Bitget, and when was it launched?

Bitget is a cryptocurrency exchange platform that was launched in 2018. It offers various trading options, including spot trading, Futures trading, and copy trading, and has over 2 million users worldwide.

How do I sign up for Bitget?

To sign up for Bitget, visit bitget.com and choose your country of residence. Enter your email or phone number, create a strong password, and agree to the terms of use. You will also need to verify your account for additional bonuses.

What security measures should I set up after signing up?

After signing up, go to your profile settings to enhance security. You can set up Google Authenticator for two-factor authentication, assign a phone number or email for additional security, and configure funding codes and anti-phishing codes.

How do I deposit funds into my Bitget account?

To deposit funds, go to the *Assets* section, click on *Deposit*, choose the cryptocurrency and network, and copy the wallet address or scan the QR code to transfer your funds. Ensure you select the correct network, as crypto transactions are irreversible.

What is spot trading on Bitget?

Spot trading on Bitget allows you to buy and sell cryptocurrencies directly. You can place market orders for immediate execution or limit orders to buy/sell at a specific price. Bitget currently offers zero-fee spot trading.

What are market, limit, and trigger orders in trading?

A market order is placed at the best available price immediately. A limit order allows you to set a specific price for buying or selling, and it will execute when the market reaches that price. A trigger order is similar to a limit order but becomes active once a specific price is reached, helping to protect against losses.

How do I place a market order to buy crypto on Bitget?

To place a market buy order, select the *Market* option from the order type drop-down, enter the amount of USDT (or other crypto) you want to trade, and click *Buy BTC*. The order will execute immediately at the best available price.

What is Bitget's protection fund and how does it work?

Bitget has established a protection fund to safeguard users' assets. The fund is worth approximately 200 million USD, including 6,000 BTC and 8 million USDT, and is designed to secure the value of users' funds in case of platform issues over the next three years.

How do I withdraw crypto from my Bitget account?

To withdraw funds, go to the *Assets* section and click *Withdraw*. Select the cryptocurrency, the network, and paste the correct withdrawal address. Always double-check the address to avoid errors, as crypto transactions are irreversible.

What is copy trading on Bitget and how does it work?

Bitget's copy trading feature allows users to mirror the trades of professional traders. By following successful traders, users can potentially earn profits from their strategies. Copy traders also receive a 10% profit share from their followers.