Top 6 Features of Bitget You Should Know About in 2024

TL;DR
Bitget is a crypto exchange that focuses on the essentials – spot and futures trading with leverage. However, the exchange does offer the following high quality features that can benefit you as a crypto trader and investor: Bots, Copy Trading, Earn, Web3, Launchhub, and Markets. This article reviews each of these features in order to give you a fuller perspective of how to best use Bitget.

Refining your core investing and trading skills is really the “meat and potatoes” for when it comes to making money in crypto. However, that does not mean that there aren’t some great “cheat codes” that you can utilize to help you stack that cash. Enter stage left, Bitget.

Bitget offers a suite of additional features that can really propel your trading game to the next level. So here’s the top 6 features on Bitget that you definitely want in your trading arsenal. And if you haven’t yet started your Bitget account, then we recommend the following two articles:

• Getting Started with Bitget: A Beginner’s Guide to Trading Cryptocurrencies
• Understanding Bitget’s Futures Trading: A Complete Guide for Beginners

1. Bots

Bitget’s bots are actually a major component of the exchange. In fact, bots are probably the third cornerstone to Bitget, after futures and spot trading.

In case you’re not familiar, bots are software programs that execute automated trades for you. Just give the bot a set of trading parameters (i.e. rules to follow), fund it, and then let the bot work for you. Thus, bots are an incredibly efficient way to execute a large number of trades while you’re off doing other things.

Now, Bitget’s bot products are deep. So I encourage you to explore the offerings and to start experimenting. Having said that, Bitget offers bots both for its spot and futures markets. From there, the bots can be categorized in the following ways:

• Sideways Bots: Best used in markets with sideways price action. Bots like the Spot/Futures Grid Neutral and the Spot/Futures CTA-RSI are ideal.
• Bullish Bots: Best used in upwards trending markets. The Spot/Futures Grid, Spot/Futures Martingale, Smart Portfolio, Auto-Invest, and Spot/Futures Position Grid bots are good in these markets.
• Bearish Bots: Best used in downwards trending markets. Use the Spot/Futures Grid-Reverse, Spot/Futures CTA, and Spot/Futures Position Grid-Reverse bots here.

Bitget also offers AI bots, which still fall into the categories above. But with AI bots, you give the bot a very general framework (i.e. be aggressive, balanced, or conservative in a sideways, bullish, or bearish market), and from there, the bot will set its own trading parameters and get to work.

Finally, you can always filter all of Bitget’s bots for the highest ROI or usage, and then simply copy that bot for yourself.

2. Copy Trading

The next major offering to know is Bitget’s copy trading service. Simply put, copy trading means you order your Bitget account to execute in real time the same trades as other more elite traders. What’s nice about copy trading is you don’t need to be an expert. Rather, you rely on other experts to make money for you.

Bitget provides copy trading for the spot and futures markets, and for trading bots. But the key to successful copy trading is finding the right expert to copy. To do that, you can rank elite traders by ROI, yields, profit and loss, and their number of followers, across time-frames spanning from 7 to 180 days.

It’s also important to look at the expert’s asset allocations, win rates, assets under management, and profit share ratios. All of this is easy to filter and read for each expert.

Once you’ve found the elite trader that you’re comfortable with, you can begin copying their trades automatically, with just a few clicks. If the trader makes profitable trades, you make money, and a small portion of your profits (i.e. depending on their profit share ratios) goes back to the expert in exchange for their services.

3. Earn

After you’ve (hopefully) made some profits from Bitget’s bots and copy trading services, the exchange’s Earn products are a good place make profits on top of profits. Bitget Earn represents a menu of offerings that helps you grow your crypto via professional asset management strategies. Thus, Earn is a passive way to increase your holdings.

Here’s some Earn products that stand out from the crowd:

• Savings: Like a bank account, but for crypto. Just deposit your crypto for a flexible or fixed period of time. With flexible deposits, you can withdraw your principle and/or interest payments whenever you want. With fixed deposits, you can withdraw your principle and interest payments at the end of the fixed period. Right now, Bitget is paying 6% APR on USDT, 3% on BTC, 5% on ETH, and 3.8% on SOL.
• Staking: Stake your proof-of-stake coins through Bitget for staking rewards. Bitget Staking is currently offering 7-10% on SOL, 4% on ETH and POL, and 8-14% on DYDX, amongst others.
• Crypto Loans: Take out a crypto loan over a flexible or fixed term. Just understand the repayment terms, deposit your collateral, and then receive you loan.
• Dual Investment: This is basically simplified options. You can earn premiums by either agreeing to sell crypto assets high (selling covered calls), or agreeing to buy crypto assets low (selling puts). It’s good to have a basic understand of selling calls and puts before using Dual Investment.

Now there are several other Earn products that you should explore, but this will get you started.

4. Web3

Bitget’s Web3 is your gateway into the wide world of . . . well . . . Web3. This means that you get access to over 100 blockchains, more than 250,000 cryptos, swap and NFT markets, thousands of DApps, and much more.

It all starts with the Bitget wallet, which is a non-custodial hot wallet that you can download via iOS, Android, or Chrome. Once you’ve got your wallet set up, you’re ready to dive in.

The first place I recommend you navigate to after your wallet is ready, is to Bitget’s DApp Store. Here, you can browse and engage with thousands of DApps across DeFi, NFT, GameFi, Social, Lending, and other categories. You’ve got almost unlimited Web3 options here.

5. Launchhub

Bitget’s Launchhub is a collection of programs that all basically work to help you get early access to new tokens and airdrops. Essentially, you can use Launchhub to purchase new cryptos before the herd can get to them.

Here’s an overview of the various programs:

• Pre-Market: An over-the-counter exchange that lets you trade new tokens before they’re officially listed on Bitget.
• LaunchPad: Let Bitget identify promising new tokens for you, and then you get early access to them.
• Launchpool & PoolX: Lock up your tokens to receive new tokens and airdrops.
• CandyBomb: Gives you a range of actions (i.e. deposits, trades, invites) in order to earn airdrops.

Given the way Launchhub works, it can be particularly effective when hunting for new memecoins. If you’re able to get early access to a new memecoin that eventually becomes hot, this can translate into big profits.

6. Markets

Last, but not least, we think that Bitget’s Markets center is an aspect of the exchange that you don’t want to fade. Bitget’s Markets is essentially one designated place to review crypto prices, market data, analytics, opportunities, insights, and related news. Basically, it can serve as a one-stop-shop for a lot of your research needs.

Bitget Markets is divided into the following sections:

• Opportunities: Provides a macro overview of how the crypto markets are performing in real time. Opportunities breaks performance down in terms of top gainers, losers, newly listed coins, volumes, and sub-industry categories (i.e. memes, L2s, utility coins, etc).
• Markets: Very similar to something like CoinMarketCap. Markets provides real-time prices across the spot and futures markets.
• Data: Access deeper analytics data for any crypto. Data like fund flows, whale order flows, margin loan rates, and leverage ratios are all available.
• Insights: A Twitter-style social media feed that’s exclusive to Biget’s users. You can follow more elite trading accounts, in order to get their insights with regards to the markets and particular cryptos and trades.
• News: All the breaking crypto-related news stories are sorted together on one clean page. Bitget’s News section might be one of the most efficient ways to quickly scan for news and breaking stories.

Bitgets Markets does a good job at rounding-out the exchange, as it provides for you one place to perform your research and execute your trades.

Closing Thoughts

A trader who understands both the fundamentals and advanced trading techniques, but who is also knowledgable with the wide variety of additional crypto features and tools made available to them, can be truly dangerous (i.e. in a good way). And that’s because they know what strategies and tools to use depending on the particular market conditions that they find themselves in.

But Rome wasn’t build overnight, so don’t stress if you’re not immediately familiar with everything presented in this article. Just keep experimenting with everything that Bitget has to offer, and take it one step at a time. You will get there.