Bitget: An Easy Way To Invest In Crypto

March 1, 2023

Bitget‘s USDT-margined futures are a great way to learn how to trade crypto on over 50 different USDT trading pairs.

Bitget's platform also offers a dedicated demo environment where you can learn to trade. With zero deposit fees, bank-level security and 24/7 multi-language customer support available via email and live chat.

What Is Margin Trading?

Margin trading refers to borrowing money from a broker to make larger investments than you're currently able to make. Your current account funds become collateral for that loan, and if your investment goes deep enough into unprofitable territory, your position will be liquidated and the loan automatically repaid to your broker. In traditional fiat investing, you generally need a dedicated margin account to do trade on margin, as opposed to a standard brokerage account.

Margin trading is a high-risk, high-reward type of investing: because the investor is using borrowed money, both the losses and gains incurred can be dramatically larger. As a result, investors should exercise caution when trading on margin, especially in crypto markets where the price of tokens can vary significantly in a short amount of time.

What Are Crypto Futures?

Futures contracts are derivative financial contracts that force investors to buy or sell a given asset at a given price on a pre-determined date in the future. The futures contract itself stipulates the terms of the purchase or sale you're obligated to make on the date the contract expires, including when that transaction involves losing money.

Many assets are trades using futures contracts, but crypto futures are becoming increasingly popular, with more cryptocurrency exchanges supporting them each year.

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 and derivatives trades, and has a mobile app available for both Android and iOS users.

What Is Bitget Token (BGB)?

Bitget's native utility token, BGB (Bitget Token), is designed to cater to the rights and interests of the platform's users. It’s primarily used to give traders discounted trading fees, though it also functions as proof of rights and interests for users of different levels. 

BGB can also be used as a social token, facilitating interaction between fans and copy traders. It enables fans to connect with copy traders by exchanging tokens and building a community.

Overall, BGB is a versatile token that adds value to the Bitget platform and enhances the trading experience for its users.

Why Use Bitget To Trade USDT-Margined Futures?

Here are a few major reasons investors turn to Bitget to trade.

1. Wide Array Of Supported Trading Pairs

Bitget offers 50+ trading pairs on its platform with leverage. Some of the most popular trading pairs offered by Bitget include BTCUSDT, ETHUSDT, BCHUSDT, BNBUSDT, AAVEUSDT, XLMUSDT, AXSUSDT, THETA, AVAUSDT, XRPUSDT, EOSUSDT, LTCUSDT, ETCUSDT, DOGEUSDT, SOLUSDT, MATICUSDT.

2. Dedicated Demo Trading Environment

Bitget offers its own dedicated demo environment that gives beginners to crypto futures contracts trading a safe place to learn.

Considering just how risky margin trading can be, having a safe demo environment where you can sharpen your skills is an important feature for any crypto exchange offering crypto futures contracts.

3. State-Of-The-Art Platform Security

Bitget offers some of the strongest security in the crypto exchange market: it's received 12 A+ ratings from SSL Labs, and has both a built-in DPI active defense system and a self-developed wallet warning system.

Bitget is also backed by top-of-the-line security companies like Suntwin Technology, Armors, and HEAP.

How To Trade On Bitget

To trade USDT-margined futures with Bitget, follow these steps:

  1. Log in to your Bitget account (or create a new account).
  2. Navigate to Bitget's USDT-margined futures trading page.
  3. Transfer funds from your main Bitget account to your futures account (you won't be charged any fees for this).
  4. Open a new position by choosing a trading pair, your margin mode, your leverage, price, trade amount, and direction (long or short).

How To Onboard Fiat With Bitget

There are a few ways to purchase cryptocurrency using fiat currency on Bitget, including Quick Buy, P2P, and credit & debit cards. Here’s how:

  1. Log in to your Bitget account and click Buy Crypto from the homepage. 
  2. Select the payment methods available to your country.

Bitget supports 40+ fiat currencies, 100+ cryptocurrencies, and 70+ payment methods, including Visa, Mastercard, SEPA, SWIFT, and other local payment methods.

Does Bitget Have A Hedge Mode?

Yes, Bitget offers a hedge mode in its platform. This means that users will only lose the margin allocated to the chosen position upon liquidation: if the margin is not increased, it will only be the initial margin, and the remaining assets in your account will not be affected.

In Summary

Crypto futures are becoming more widespread among crypto investors, and USDT-margined futures are no different. With 24/7 multi-language customer support and zero deposit fees, Bitget is a strong choice for investors interested in gaining exposure to the crypto markets.

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