Bitget: Unlock Passive Crypto Income By Copying Pro-Traders

PrimeXBT Trading Services LLC is incorporated in St. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. Vincent and the Grenadines to offer its products and services. PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage.
A stop-loss (SL) and take profit (TP) are situated at the base of the page immediately below the ‘Buy Long’ and ‘Sell Short’ icons. A ‘Margin Ratio’ and Maintenance Margin monitor the user’s derivatives trading health. To crown it up, there is a ‘Total Unrealized P/L’ and ‘ROI’ in which users can track their assets’ performance in real-time. If you’re new to crypto trading and find it hard to navigate the markets, you can join as a Follower and choose a Principal Trader you like from the Bybit pool of traders who have been carefully screened. Once you start copying their trades, you’ll not only be able to trade with ease, but you might also learn a thing or two from these experienced traders.
This trading competition’s main objective is to attract worldwide users and to increase its brand power in the derivatives segment. Although Bitget is regulated by FinCEN, they halted their services for US-based customers in December 2022. We recommend considering Coinbase, Binance US, or Kraken as an alternative for US-based customers. Bitget has partnered with companies such as Simplex, Banxa, and Mercuryo to provide a method for customers to purchase over 250 different coins and tokens via credit/debit card, Apple Pay and Google Pay. At this point, it’s fair to say that measures such as Proof-of-Reserves can only be taken so far.
I go into further detail on why this isn’t recommended in my Coinbase Review for you to check out before you think you can become a pro trader simply from a mobile app. GroupCoin is an interesting feature that I have not come across on any other platform before. Bitcoin Futures Trading Simulator is a platform where users can purchase featured cryptocurrencies at discounted prices, the more participants that join the group purchase, the better deal the buyers can get. Bitget has a lot of development to do here if they want to compete with just about every other crypto platform which have more robust earn features. The ability to earn passive income on your crypto holdings has become a cornerstone of our industry and most of the major exchanges offer some sort of an earn section.
Bitget would be a serious consideration if I was looking to sign up for a new crypto exchange as their fees are lower than Coinbase, they offer copy trading, and have a great selection of savings assets. Bitget would also 100% be my choice if I was looking for a place to perform KYC-free trading. Bitget is a simple and inexpensive cryptocurrency exchange platform with a clear fee structure and calculation. Users are drawn to its VIP fee discount program and bonuses, and its native token, BGB, provides both value and utility. Bitget intends to consistently improve its copy trading features and broaden the range of digital assets available in its spot market.