Spot trading is the bread and butter of most crypto exchanges: it's how users buy crypto at the current price (the spot price) and sell it later, hopefully for a profit.
When spot trading with Bitget, you can place basic and advanced order types through an advanced trading platform with hundreds of supported crypto trading pairs. With its slick mobile app and zero deposit fees, Bitget is a good choice if you're looking for a powerful spot trading platform.
What Is Spot Trading?
A spot trade is a transaction that occurs when a trader buys or sells a commodity, financial instrument, or foreign currency for instant delivery.
Put more simply, spot trading is what most people think of as regular trading within a stock market or other marketplace: buying at the current market price in hopes of selling later for a profit.
Most spot contracts are specified for delivery within the next business day, though foreign exchange spot contracts may take two business days instead. In a spot trade, the current price of a financial instrument is called the “spot price“, and buyers and sellers create the spot price by posting purchase and sale orders in the marketplace they're transacting in. In highly liquid markets like the cryptocurrency market, the spot price of a given asset can change many times per second, though in less liquid markets, the spot price changes less frequently.
What Is Bitget?
Bitget is a cryptocurrency exchange platform that was founded in 2018. Bitget has more than 2 million users worldwide and a daily trading volume of over $5 billion, making it one of the biggest cryptocurrency exchanges in the world today.
Bitget supports many different cryptocurrencies (including Bitcoin (BTC), Tether (USDT), USD Coin (USDC), Axie Infinity (AXS) and Ethereum (ETH) and charges zero deposit fees, making it a convenient crypto exchange for regular use. Bitget is also known for its low fees when making spot trades, and has a mobile app available for both Android and iOS users.
Bitget Spot Trading Platform Features
1. Advanced Spot Trading
Bitget runs an advanced spot trading platform that offers a variety of different metrics and advanced trading tools that crypto spot traders will appreciate. For example, the platform has clear charts displaying the ups and downs of a given crypto trading pair, a comprehensive list of the crypto trading pairs available to you (on the left side), and the order book (on the right side).
Bitget also runs a very liquid marketplace, which means bid-ask spreads are kept to a minimum. Bitget charges 0.1% for maker and taker spot trades, and those fees can be reduced down to 0.08% per trade if the trade's fees are paid with BGB, Bitget's native token.
2. Wide Array Of Supported Crypto Trading Pairs
Bitget supports a impressive selection of crypto coins and trading pairs, more than 250 tokens in all. Some of the tokens you can find on Bitget include Adventure Gold Coin, Bitcoin Cash, EOS, Polkadot, Ripple, Tezos, Tether, Ethereum, and many more.
3. Fully Functional Mobile App
Some crypto trading apps offer a fraction of the functionality of their desktop counterparts—but Bitget is not one of them. The Bitget mobile app allows you to do everything you can on desktop, including spot trading, access to a long list of crypto trading pairs, other types of trades, and advanced order types, making it a good all-in-one place for crypto investing.
The Bitget app is rated 4.6/5 across 23,000 reviews on the Google Play Store, and 4.4/5 across 200 reviews on the Apple App Store, indicating that the majority of Bitget's mobile app users are satisfied with its performance.
How To Withdraw From Bitget
To withdraw cryptocurrency from your Bitget account, follow the steps below:
- Log in to your Bitget account via the website or mobile app.
- Click “Assets“.
- Choose the cryptocurrency you want to withdraw.
- Click “Withdraw“.
- Enter the amount you wish to withdraw.
- Enter or scan your withdrawal address and confirm the withdrawal.
How Do I Verify My Bitget Account?
To verify your Bitget account, follow these steps:
- Log in to your Bitget account.
- Click the person icon in the upper right corner of the desktop platform or the upper left corner of the mobile app.
- Click “ID Verification“.
- Select your region.
- Upload photos of the identity documentation requested of you.
- Wait for the Bitget customer service team to verify your identity.
Spot trading with Bitget is easy and secure: with a highly functional desktop platform and mobile app for placing both basic and advanced orders, Bitget appeals to both beginners and experienced traders alike. With low spreads and 0.1% trading fees, Bitget is a good option for traders seeking a comprehensive platform for investing into crypto.