Navigating the cryptocurrency market can be daunting, especially for newcomers. Existing trading platforms are overwhelmed with features that make them hard to use, and the resultant lack of precise guidance causes huge losses, deterring people from joining the crypto space.
It is in this gap that Bitget, one of the cryptocurrency exchanges, fits. Bitget simplifies trading activity in ways that meet the interests of both those traders who are experienced and new traders. Compared to other cryptocurrency markets, one of the significant advantages Bitget holds is ease of use and advanced tools for giving users better information on their trades.
Key Features on Bitget:
- Ease of Use: Bitget is user-friendly and has an intuitive layout through which each category of users, regardless of skill level, can navigate easily.
- Copy Trading: One can duplicate the trading strategies that other successful traders are implementing at Bitget, especially for new people in the crypto market.
- Market Data and Education: Bitget supplies its users with market data, live rates, and education in detail to help them make their trading decisions fully informed.
- Security: The strong safety measures at Bitget guarantee a safe trading environment, ensuring that all funds belonging to the user and the safety of accounts are guaranteed.
Bitget pursues the goal of providing efficient and secure trading experiences, mainly to new traders within the cryptocurrency market, by improving prevailing problems that disturb crypto traders, such as confusing interfaces and a lack of mentorship. With simple user features and complete support, it is not far when more people can take part in that exciting world of cryptocurrency trading.
Getting Started
USDC is the technical abbreviation for the USD Coin. It’s a stablecoin designed to maintain a 1:1 peg with the U.S. dollar. Issued by Circle and Coinbase through the Centre Consortium, it has native residences on extended public blockchains like Ethereum, Solana, Algorand, Stellar, Tron, and Hedera.
Key Features:
- Stability: Backed by high—quality reserves, transparent monthly attestations.
- Usability: This can be done by simply sending USD to the bank account of the token issuer and performing the necessary interaction with the smart contract.
- Redemption: Redeemable for USD by burning the appropriate amount of USD coins from circulation.
- Market Capitalization: 32.71 billion dollars.
- Trading: Available on major exchanges like KuCoin, Bybit, and Binance.
- Applications:
- DeFi: in decentralized finance applications for lending, borrowing, and trading.
- Cross-border payments: faster and cheaper.
- Programmable Dollar: Unlocking a whole range of new applications and businesses being run through its programmability.
Trading Platforms:
- SimpleSwap – user-friendly interface and no registration.
- Bybit – provides deep liquidity and low fees.
- Price:
- Current Price: $0.99995899.
- Hourly Change: -0.08%.
Buying Crypto
If you want to buy crypto from Bitget, you could do that right here from a third party, or you can set up your bank account. How I do it is go to Deposit. And, say, you wanted to send yourselves some Bitcoin, you click the chain, click Bitcoin, and then you copy this address. And then if you go to your Ledger or Coinbase, wherever you keep it, you would paste this address into the withdraw and in a matter of minutes, you’ll have your crypto. So here we are in the Assets at the top right hand. This is a spot account, where if you just want to buy normal crypto without any leveraging.
Spot Trading in Bitget
USDC, commonly known as the USD Coin, is a stablecoin on the Ethereum blockchain for keeping a stable value at 1:1 against the U.S. dollar. Circle and Coinbase issue it through the Centre Consortium. The coin natively resides on many public blockchains, such as Ethereum, Solana, Algorand, Stellar, Tron, and Hedera. One can create USDC by simply sending USD into the bank account of the token issuer and then running a specific function within the smart contract on the blockchain. It can be redeemed for USD by burning the amount of USD coins from circulation and transferring funds from underlying reserves to the client’s external bank account.
USDC has wide applications in DeFi and a market capitalization of $32.71 billion. It can be traded on KuCoin, Bybit, and Binance, among other exchanges. It does not have high fluctuation since it is a stablecoin. The present price per coin stands at $0.99995899, with an hourly change which amounts to –0.08%.
SimpleSwap and Bybit are platforms that address the need for ease and security in converting USDC to Bitcoin. SimpleSwap provides a user-friendly interface without registration, while Bybit offers deep liquidity and low fees.
Star Trader Program
Another thing that I like about Bitget is that it’s just not another trading platform. It’s also a sort of social network where influencers can post their trading setups and you can follow them on Bitget. Or you can even become an influencer and have other people follow your setups. So if you’ll go to here and go to Star Trader program, you can become a trader.
What Is Leverage Trading In Bitget
On Bitget, you can even use up to 100X leverage. Personally myself, I like to stay between 3X and 5X, or 10X if I’m feeling frisky. If I wanted to copy that other person’s trade and then go off the futures grid, I would just fill this out and click Go. But I’m not really into trading bots. But if people like to use trading bots, they are very successful for some people. But definitely look into the ins and outs of whatever trading bot you want to get into. So Strategy Trading is for one-click copying. Or you can go to Copy Trading, where you can kind of scroll through everyone who’s doing really good at the time, how they have different ROIs, but the ROIs, you have to pay attention to them because some people can have a really high ROI, but they’ve only been in three trades. So you’ve kind of got to see who’s been in a lot of trades that has like a more down-to-earth ROI. So I follow this person right here.
They’ve done over 100 trades. They have 1,000 followers. There is a limit to how many followers you can have, which is why it says full for some of these people here. You want to make sure you can find a trader who doesn’t have a full follower account. This person here, you know, has a 1,000% ROI.
But see this right here, you have to pay attention to this, the Copiers PNL, is that they’ve lost $43,000. So I don’t know if I want to follow that guy. At least find someone who has a positive Copiers PNL because just because they have a high ROI doesn’t mean that the people that copied them do. So I would click on this guy here. He’s done over 300 transactions. I can follow him. I’m the last person that’s able to follow him. And these are all the setups they have.
To do a real leverage trade, we’re going to want to go right here to Futures right here. I have my money in USDC, not USDT. There are more trading pairs available with USDT. But since I’m only going to leverage trade Bitcoin and Ethereum, I sent it over with Circle. Okay. So I have $900 available. Let’s look at like the 5-minute chart here. Looks like Bitcoin had a really big come up and now it’s kind of coming down to retest. And let’s say, you know, if we think it’s going to keep going down that hill, we kind of come down here to complete that line, or it would retest this line and pop back up.