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Bitget Copy Trading: A Detail Guide

The benefits of Bitget copy trading, a leading cryptocurrency derivatives exchange. Mirror trades of top traders effortlessly for potential profits.

Copy trading provides a hands-off approach and a fantastic chance to profit similar to seasoned professionals, all without requiring extensive expertise.

In this guide, we will discuss the advantages of copy trading and walk you through the steps to commence copy trading with Bitget, the leading cryptocurrency derivatives exchange. Watch as your crypto balance grows, all conveniently within one intuitive platform.

What is Copy Trading?

Copy trading represents a revolutionary strategy, offering both inexperienced and busy experienced traders the opportunity to harness the knowledge of proficient professionals. It allows you to mirror the trades of successful and seasoned traders in real-time, automatically replicating their strategies and decisions.

This automated approach to crypto trading empowers you to optimize profits without the need for active trade execution. Extensive market or chart analysis and research to support trading decisions are not required. It’s a hands-off approach that levels the playing field for everyone.

To engage in copy trading, you simply choose a trader you wish to replicate from one of the crypto copy trading platforms, sync your brokerage account, and let technology handle the rest.

Copy trading provides insight into the chosen trader’s Return on Investment (ROI), trading history, utilized methods and strategies, Profit and Loss (P&L) records, buy and sell timing and prices, and portfolio composition. Coupled with personalized options like Maximum Investment, Stop Loss, and Take Profit, it allows both novice and seasoned traders to streamline and improve their trading activities.

Read More: How to Build a Profitable Crypto Portfolio with Copy Trading?

Bitget Exchange

Established in 2018, Bitget stands out as a prominent cryptocurrency derivatives exchange with a primary emphasis on social trading. Boasting a user base of 20 million globally, Bitget provides a comprehensive array of trading services and advanced features to accommodate both novices and seasoned traders.

The platform offers a secure and user-friendly interface, ensuring a smooth and cost-efficient trading journey encompassing spot and margin trading, futures and bots trading, swaps, and staking.

Bitget prioritizes top-tier security and protective measures, featuring a $300 million Protection Fund, Fund Custody, and service underpinned by the Merkle Tree Proof of Reserves model.

With minimal trading and withdrawal fees, Bitget supports various payment options such as buying crypto with credit or debit cards, P2P transactions, third-party exchanges, and bank transfers.

Delivering high liquidity and accessible on both Android and iOS devices, Bitget accommodates a vast range of cryptocurrencies, boasting over 580 trading pairs.

A trailblazer in its field, Bitget pioneered copy trading for derivatives in 2020, and in 2023, it made history as the first centralized exchange to introduce One-Click Copy Trade, extending copy trading services to spot traders.

Beyond these remarkable offerings, Bitget presents a launchpad, Bitget Insights (a community newsfeed where verified users share financial perspectives with their followers), Strategy Plaza, and Bitget Academy, covering an array of topics from comprehensive guides and practical insights to timely market updates.

Read More: Bitget Exchange Review: Super Easy Copy Trading With Bitget Exchange

How Can I Start Bitget Copy Trading?

To become a copy trader on Bitget, ensure you have no active positions or pending orders when switching between margin modes. You’re free to begin a copy trade in any margin mode available. However, please note that trailing orders and trigger orders are not allowed in Cross Margin Mode or Isolated Margin Mode.

Three Types of Bitget Copy Trading

Bitget provides the following categories of copy trading:

Spot Copy Trading:

Assisting newcomers in choosing a proficient trader with the highest Profit and Loss (P&L), Return on Investment (ROI), and followers to replicate their trading tactics.

Futures Copy Trading:

Allowing followers to align their leverage and margins with the expert’s profile and actions, augmenting their likelihood of accurate predictions and optimizing returns.

Strategy Copy Trading:

Allowing followers to adopt a particular strategy devised by experts as the most successful one, elevating their potential for earnings.

A Step-By-Step Guide About Bitget Copy Trading

Sure, here’s a simplified step-by-step guide to starting copy trading with Bitget:

  1. Sign up for a Bitget account or log in if you already have one.
  2. Go to ‘Copy Trading’ and choose the type you prefer: Spot, Futures, or Strategy Copy Trading.
  3. Browse through the available traders and use filters based on ROI, P&L, followers, and more to find a trader that suits your preferences.
  4. Click ‘Copy’ to begin copy trading.
  5. Review and agree to Bitget’s Terms and Conditions. Then, customize your settings to follow the trader’s strategies.
  6. Decide how much you want to invest and set parameters like take profit, maximum investment, and stop loss in the ‘Risk Management’ section. If you’re experienced, explore the ‘Advanced Settings.’
  7. Click ‘Follow’ to start following the chosen trader. Congratulations, you’ve successfully launched the copy trading option!

How To Find A Good Trader To Follow?

To find a trader to follow on Bitget, consider the following factors for evaluating their performance:

Long-term Profitability:

Seek traders with a track record of consistent profitability over a long period.

Trader Strategy:

A successful trader employs a well-defined strategy, including setting take profit and stop loss features.

Follower Count:

A higher number of followers can indicate a trader’s popularity and potentially successful strategies.

Why Choose Bitget Copy Trading?

Bitget made history as the pioneer in offering copy trading for derivatives back in 2020. It further solidified its position by being the first centralized exchange to introduce One-Click Copy Trade, a copy trading service tailored for the spot market, in 2023.

The standout feature, One-Click Copy Trade, is Bitget flagship offering, streamlining the trading experience. It allows users to emulate futures trading strategies while maintaining ownership of the cryptocurrency in their wallets. Accessible on both mobile and desktop, this application provides an intuitive guide for users, simplifying the process of initiating copy trades.

Bitget’s copy trade feature supports various networks, encompassing over 150 coins and tokens, including those with smaller market capitalization.

Users have the flexibility to select their preferred traders to follow based on their Profit and Loss (P&L), trader ranking, and portfolio. They can mirror the buying and selling actions of top traders, displayed on the Bitget leaderboard, which currently showcases 500 winning traders from across the globe. Remarkably, some traders boast a return on investment (ROI) exceeding an impressive 10,000%.

One-Click Copy Trade is a win-win solution for both Copiers (Followers) and expert Traders.

For Followers lacking experience, prior knowledge, or time to actively trade, this feature allows them to create their strategy by monitoring the verified performance of professional traders. They can judiciously manage their trades by following a verifiable list of orders, revealing the professional trading strategy that aligns with their risk appetite.

Followers benefit from automatic trade execution based on the subscribed traders’ orders. The system replicates the orders placed by expert traders, and a profit share percentage is only charged when profits are realized from the trades.

On the flip side, successful and experienced Traders can unlock new streams of passive income, earning up to 10% of their followers’ revenue. They can also enjoy exclusive programs and bonuses.

Bitget stands as the world’s largest crypto copy trading platform to date, boasting a community of over 100,000 professional traders, over 400,000 followers, and a remarkable total of 100 million trades completed on the platform.

Advantages of Bitget Copy Trading

The advantages of using Bitget copy trading in the crypto world. Whether you are new or experienced, it offers a hassle-free way to mirror successful traders in real-time. Enjoy innovative social trading features, a wide range of trading pairs, and a user-friendly interface. With verified elite traders and customizable risk management tools, it’s a seamless way to navigate the crypto market and potentially boost your profits.

Wrap-Up Bitget Copy Trading

Bitget copy trading revolutionizes crypto trading, granting access to expert strategies effortlessly. With a secure platform, diverse trading options, and a user-friendly interface, both novices and seasoned traders can amplify their profits through automated replication of top traders’ success. Join Bitget and step into a seamless and potentially rewarding crypto trading journey.

Farman Bangash

I have had a keen interest in the world of cryptocurrency and blockchain technology since 2013. My entrepreneurial drive led me to create CryptoGuideToday, a blog dedicated to providing comprehensive coverage of all things related to blockchain and cryptocurrencies. My goal is to educate and inform people about these technologies and provide valuable insights. I am a firm believer that self-education is crucial for achieving success in this field.

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