If you've been around the crypto industry for a while, you have probably heard about the Bitget crypto exchange and the Bitget token (BGB). It is the best platform if you are looking for a one-click trade and a safe environment.
In addition, the Bitget exchange has impressive security with the $300M Bitget protection fund, emergency insurance reserve and cold storage for users' assets.
If you have no trading experience or want to diversify your trading activities, you might be attracted to Bitget's copy trading service, so you can copy trade from experienced crypto individuals without the hassle of learning how to trade cryptocurrencies.
Trading cryptocurrency is a challenge. There's no way around it that 95% of traders fail, and we have to ask ourselves if we honestly think we could be an elite trader, representing only 5% who are consistently profitable.
I thought that I would be an expert trader, but for many years I lost 40% of the money I had invested. After mastering the psychology of trading, trading became easier and more profitable. Save that article to read later. It's a long one, but it might save you from the heartache I experienced for two years!
When I began in 2018, platforms were not known for their copy trading results. 70% of users are still losing money. Those odds aren't good enough to rely on as a source of income. Bitget offers more options for trading Bitcoin and other cryptocurrencies.
In case you didn't know, copy trading refers to the process of choosing a consistently successful trader on the platform and registering to copy their trades.
Copy trading is a popular alternative to trading crypto for beginners. Moreover, social trade is just one of the features and products that you can enjoy by holding Bitget tokens.
This article provides a brief overview of the Bitget Exchange and an in-depth look at the Bitget Token (BGB). For a detailed look at Bitget and its most popular centralized exchange, read our Bitget Review.
The following Bitget supporting content is available to aid your research.
- Review of Bitget Copy Trading, the leading copy-trading platform
- How to Start with Bitget – Step-by step Sign Up Guide!
- Bitget Fees: Analyzing Bitget's Fee Structure
- Bitget Security Analysis: Is Bitget Safe?
- How to Buy Bitcoins on Bitget
Note: Users from the US and UK do not receive support.
What is Bitget
Bitget is an established global crypto exchange that’s available in the majority of countries. The US, Canada and sanctioned nations are excluded.
Bitget was launched in Singapore in 2018. It is a popular platform for both spot trading and futures trading. Sandra Lou is Bitget’s CEO.
Bitget is an advanced trading platform which supports deposits and withdrawals in fiat currency. Bitget ranks in the top twenty crypto exchanges according to CoinMarketCap. The platform has over 560 tokens and 775 trading market.
Bitget’s security protocols are excellent:
- Proof of Reserves is a 1:1 ratio to protect the customer’s funds
- Cold Storage: Bitget keeps most of the user's assets in cold storage with multisig (multi-signature) offline wallets.
- Fund of 300M USDT (to protect from security risks).
Bitget Token also places a high priority on security and privacy. Bitget Token is a reliable and trusted choice for those who are interested in trading and investing in cryptocurrencies because of its focus on security.
"Trade alongside the best: Follow elite traders and enhance your returns with just one click." (Source: Bitget)
What is Bitget Token BGB (Bitget Token)?
The Bitget Token BGB is the native cryptocurrency for the Bitget crypto exchange. The Bitget Token BGB is the basis for improving the internal ecosystem and bringing the exchange up to par with other leaders in the industry.
BGB is a new version of the Bitget DeFi Token, which operates on Ethereum’s Blockchain (ERC20).
Why Does Bitget Need A Native Token?
The cryptocurrency market is growing, which means there’s a demand for more user-friendly and reliable crypto exchanges as well as convenient copy trading platforms. Bitget's mission is to simplify crypto trading for cryptocurrency users of all levels. The Bitget Token complements the Bitget Ecosystem for multiple uses on the platform.
Bitget’s goal is to become the world-class exchange, by incorporating copy trading features, a variety of earn products, and providing the needed drive for the future cryptocurrency industry.
You can copy trades from future traders, spot traders, bots, and Bitget allows you to create your own trading robots.
What are the uses of BGB tokens?
By purchasing Bitget (BGB) tokens, you will gain access to a number of utilities and perks in the Bitget ecosystem.
Fee Deduction BGB tokens can be used to pay discounted trading fees. Trading fees at Bitget are very competitive, and on par with those of the best in the business.
Margin of Contract: You can use the Bitget token (BGB) as collateral for contract trading, specifically in Bitget's unique Coin-M futures product. This feature allows for multiple assets to be used as collateral.
Stake & Trade to Earn: Bitget tokens can be staked, allowing for a passive way to earn rewards over time. This is similar to interest. Trading the BGB pairs also offers rewards based upon your trading volume. BGB stakes are free of withdrawal fees.
Multiplying income: Bitget (BGB) tokens allow you to participate in wealth-management products that provide multipliers. This could increase your APY and/or holdings. These products include:
- Crypto Loans
- PoS Staking is a low-risk method of staking.
- Daily interest savings
- Bitget token (BGB) staking
- Daily Lottery: 500 BGB Reward
- Dual investment for high-profit earning
- Range Sniper is a high-risk product with a high-reward.
- Shark Fin "Guaranteed yields in volatile markets."
- Smart Trend: Predicting prices movements to make a percentage profit
Launchpad: BGB can be found in Launchpad. This allows you to subscribe early stage investment opportunities. You can also support your favorite projects on Bitget.
Three projects have ended and there are no new projects on the Launchpad page. The situation is likely to change once more projects are aware of Bitget’s launchpad service.
"Discover early-stage crypto investments. The Bitget launchpad is where we handpick the brightest projects for you. You can now purchase tokens in their early stage with BGB." (Source: Bitget)
Launchpool: Bitget Launchpool allows you to easily stake and farm tokens that are newly listed or have high demand. "Simply stake with BGB or a designated token in the pool for free!" Bitget requires KYC verification to participate (USA/Singapore Residents are not eligible).
Voting Rights BGB token holders can use their tokens to cast a vote on the projects that should be added to Bitget and made tradeable. The voting process also offers additional rewards.
Discounts: BGB holders get up to 50% off on popular crypto currencies
Airdrop Eligibility: Airdrops are free if you hold BGB tokens.
Bitget launched BGB as a foundation for the exchange. This will allow the launch, growth and funding of many projects and assets in the independent ecosystem.
Bitget’s website promises that BGB users will soon be able to enjoy even more innovative products and use cases.
BGB Works
Bitget will upgrade its products in 2022 to bridge the gap that exists between CeFi and DeFi. The BGB platform was able to offer more use cases, and Bitget added new and exciting products.
Bitget (BGB), with a supply of 2,0,000,000 BGB, has a market capitalization of $645M.
Bitget declares that BGB has become a thing of the past “blue-chip exchange token“, and they support this statement by confidently declaring the exchange as being the leading derivative platform within the crypto industry.
"BGB is the golden ticket to Bitget's world of trading & investment. Holders of BGB are entitled to a direct 20% discount in spot trading fees, should they choose to pay with our platform token. There are always multiple campaigns designed exclusively for BGB holders, for example, traders who deposited BGB as their margin used to get a 15% discount in futures trading fees." (Source: Bitget)
Four BGB spot pair are available:
- BGB/USDT
- BGB/USDC
- BGB/BTC
- BGB/ETH
Bitget Token (BGB), holders of which are entitled to the following core products:
- Launchpool
- Launchpad
- BGB Earn
Bitget’s ecosystem is accessible to anyone who holds BGB.
Bitget Token Utility
Bitget (BGB), the native digital currency on the Bitget platform, is a cryptocurrency. It acts as the utility token, providing various functionality within the Bitget ecosystem.
Bitget Token makes crypto trading easy and affordable for even beginners. BGB can be used to generate passive income by staking, or in other ways. "earn" Bitget allows you to buy and sell products, pay fees for trading, and even vote on the platform.
Bitget created the BGB utility to create a secure and transparent crypto trading environment for digital assets derivatives. Bitget became popular for trading and investing quickly after the introduction of its Bitget token.
With Bitget's focus on privacy and security, BGB has become a trusted asset for crypto enthusiasts.
BGB Token Price History
BGB has been added to over 24,000 CoinMarketCap Watchlists. It is also ranked in the top 100 cryptocurrencies out of more than 26,000. Trading volume has increased by more than 40% to over $9 million per day.
BGB was launched at $0.1458 in May 2022. BGB reached an all-time price of $0.5152 within a few short days in early February, 2023. The price has not fallen below $0.33. BGB’s price has been around $0.46 with minor dips for several months.
"BGB was one of the rare tokens to have recorded its all-time high in Q4 2022 at US$0.23880 on October 21. But fast forward to February 2023, and it constantly accomplished new, amazing achievements: four consecutive weeks of new highs from US$0.22185 (January 23 – January 29), US$0.22455 (January 30 – February 05), US$0.39616 (February 06 – February 12) and US$0.51620 (February 13 – February 19)." (Source: Bitget)
Bitget’s BTC Calculator is a fantastic tool that allows you to view the price history of BGB, or any other major cryptocurrency.
Why did Bitget BGB perform so well in a bear market?
BGB was outperforming the market as most other cryptos plunged to new levels. Bitget explains that its users, after the shocking FTX crash, were desperate to find a platform with great features and a trustworthy, secure platform.
With Bitget's impressive security features and broad product range, crypto enthusiasts were confident they have protection for their cryptocurrencies with Bitget's Proof of Reserve, Cold Storage, and $300m USDC Protection Fund launched in August 2022.
"Always the first to respond, it's no surprise that Bitget is growing at breakneck speed and securing more and more market share." (Source: Bitget)
BGB offers a great opportunity for investors when the crypto markets return to a bullish trend. In the meantime, Bitget users and BGB can take advantage of the various features that the Bitget platform offers.
BGB for trading and storage
Bitget BGB Tokens can be purchased with fiat currency via the P2P market or Express Buy.
You can store BGB on your Bitget account after purchasing Bitget BGB directly through the platform. The token for platform benefits will require users to keep their BGB in the exchange. For any other tokens, we recommend using a crypto wallet.
Bitget collaborated with BitKeep to create a secure, user-friendly, self-custody Web3 crypto wallet. After purchasing BGB tokens transfer them into your new wallet. You can now use your wallet to transfer or trade value with anyone using a Bitget account.
Bitget Charity supports many global initiatives and more vendors around the world are now accepting Bitget tokens for payment.
If you're in the spot market trading, here is a quick guide: –
- The digital asset is transferred to your exchange wallet.
- Spot trading does not allow you to use leverage or margin. As a result, you are limited to the amount of capital you currently have.
- Bitget Smart Tools is available for trading.
- Orders available
- Limitations
- Trigger
- Orders with conditions
- Bitget spot Grid bot or another automated trading bot can be used.
- TradingView’s platform offers a wide range of charting tools.
Start Trading Bitget Spots
- Register a Bitget account with your phone number or e-mail address.
- Find out what new rewards are available for users in the "Reward Center."
- After Bitget confirms that your account is valid, you can deposit funds to the Bitget Spot. You can also buy USDC, USDT or BTC with Google Pay, Apple Pay, or a credit or debit card.
- Click on Bitget Spot Trading, and then check out the Crypto section. This has an order book that shows the current bid and ask price in real time.
- Click on a pair of trading pairs. "buy" You can also find out more about "sell."
- Click to view your assets "Asset" Then, "Spot."
BGB Token: The Future
Bitget’s blog, which is regularly updated with current events and news, serves as a roadmap for Bitget.
Bitget released a Martingale AI Strategy in June 2023. The strategy provides algorithmic trading to users. Like most Bitget features, this new one can help beginners. The martingale is a risky strategy for novice traders, as they increase their investment after every loss in order to recover losses and close the trade with a profit.
Beginner traders can benefit "chicken out" Before they can make a profit using a martingale, it’s important to understand the risks involved. Bitcoin users could benefit by removing the element of human decision-making.
“The launch of Martingale AI represents Bitget's commitment to empowering users with the tools and strategies to invest confidently and smartly according to their needs, providing simple yet sophisticated offerings that leverage the power of AI aligns with Bitget's mission to help individuals safely embrace digital assets. “
"We will continue exploring new ways to integrate AI into our products and services to empower investors."
(Source: Bitget: Gracy Chen, Managing Director)
Bitget announced on July 11th 2023 the launch of a AI-powered feature to Grid Trading strategies. The main benefit is that it helps those who do not have much trading experience.
This new feature lets you choose between the following AI bots.
- Secure: Risk-neutral trading, investing and other financial activities.
- Conservative: The perfect trading platform for novice and risk-averse traders.
- Trading aggressively: This is a great option for traders with experience.
"The new feature aligns with Bitget's goal of providing tools for users to trade smarter. AI products can make sophisticated strategies more accessible, resulting in more reliable systems and optimised profits." (Source: Gracy Chen, Managing Director at Bitget)
The conclusion of the article is:
Bitget is an interesting cryptocurrency exchange that offers many features to its users. Launched 2022, Bitget (BGB) token has been able to quickly rub shoulders with the most popular cryptocurrencies including Ethereum (ETH), Cardano ADA and Bitcoin BTC.
Bitget was founded with the mission of encouraging cryptocurrency adoption through simplified processes. After the launch of the BGB utility token in August 2022, its price took off and hasn't followed the path of many other cryptocurrencies in the bear market. The BGB utility token has been stable in price.
Crypto enthusiasts are learning how difficult it can be to trade cryptocurrencies at the spot or futures exchange. Even when users are armed with a lot of crypto knowledge, it is difficult to leverage market support.
Social trading can be an option if you select a platform that is reputable, such as Bitget.
👉 Join Bitget by using Our link and get 20% off your trading fees for Life!
Bitget has continued to grow and evolve its product features. And with the introduction AI technology, Bitget can only continue to improve. As a relative novice in the industry, Bitget appears to do many things well as it focuses primarily on the user’s experience.
Bitget is a future star to watch.
Common Questions
What is Bitget Token?
The Bitget Token is the utility token of the Bitget Platform. This ERC20 Token provides a wide range of benefits to traders on the exchange.
What is the name of Bitget Tokens?
The Bitget coin uses the symbol BGB
Which Is Better Bitget Or Binance?
Binance is the largest cryptocurrency exchange in terms of trading volume. The platform has over 90 million users. It offers a range of services and has over 380 cryptocurrencies.
Bitget, which has 10M users and a smaller user base, offers a wide range of services and products, and is highly secure.
It is up to you which one of Bitget and Binance suits your needs. You can read our Binance Review and compare it to Bitget Review if you want to find out more.
What is Bitget?
Download the Bitget app for Android or iOS. Bitget users can use the Bitget mobile application to monitor/conduct trades and access the Bitget platform while on the go.
Is Bitget App secure?
Bitget recommends that you protect your account as much as possible. Use a strong, unique password. Add 2FA to your account and have a passcode on your phone.
These measures can help you prevent someone from accessing digital assets in the Bitget App if your mobile is lost.
Does Bitget Offer a Mobile App?
Yes. Bitget offers a mobile application. Downloads are available for Android as well as iOS.
What Crypto does Bitget support?
Bitget supports over 560 crypto currencies, including well-known coins such as:
- Bitcoin (BTC),
- Litecoin is a cryptocurrency.
- Solana (SOL)
- Cardano (ADA)
- Ethereum (ETH)
- Polygon (MATIC).
- Dogecoin
Is Bitget Copy Trading Legit?
Yes. Bitget copy trading is legit. Bitget is a social trading exchange that has a great reputation.
You can access several automated trading robots that are tailored to your desired risk level. If you prefer a more passive approach, you can copy trade.
