The cryptocurrency market may seem daunting for those who want to invest in it. Investors are torn between the fear of missing out on the tremendous potential of this new financial world and the fear of the unknown, lack of knowledge, and confusion about the various types of digital investments available.
Furthermore, the crypto market is considered risky, resembling a wild rollercoaster ride. According to Forbes, since Bitcoin emerged, 22,932 cryptocurrencies of different types have been launched, and about 600 cryptocurrency exchanges are currently available worldwide, which may vary greatly in terms of costs, quality, level of service, and safety.
Therefore, the question that arises is where to start? One answer is the Bitget exchange, which is an emerging centralized exchange. Bitget provides innovative features for beginners, such as copy trading in spot and futures markets, and Bitget Insight, which helps newbies take their first steps with confidence.
For experienced traders, Bitget offers a range of advanced trading tools, such as real-time market data, charting tools, and technical analysis indicators, that enable traders to make informed trading decisions and stay updated with market trends. Bitget has more than 8 million registered users from over 100 countries and regions, making it one of the most liquid exchanges globally.
According to CoinMarketCap, Bitget’s liquidity score of 610 is higher than other major exchanges like OKX, KuCoin, and Gate.io. Bitget offers some of the lowest transaction fees in the industry, with a flat 0.1% for both maker and taker fees and a 20% discount for holders of the platform’s BGB utility token, making the fee 0.08%.
According to CoinGecko, Bitget is currently a top 10 spot trading platform and a top 5 futures trading platform. It offers a spot exchange for most mainstream cryptocurrencies, supporting USDT, USDC, BTC, ETH, BGB, and over 470 cryptocurrencies, with more than 500 trading pairs as of December 2022. Additionally, Bitget supports USDT-margined futures, USDC-margined futures, and Coin-margined futures with 120 trading pairs. Bitget introduced the copy trading feature, allowing investors to copy the behavior of elite traders and strategists, in 2020, making it the first exchange offering this feature.
More than 80,000 elite traders and 380,000 followers have participated, with over 47 million profitable trades made as of January 2023, with gains reaching $300 million, and profits shared with elite traders amounting to $20 million. One of Bitget’s key advantages is its sophisticated products for futures and derivative trading in digital coins.
Bitget is the third-largest crypto derivative exchange globally, according to a report by the Boston Consulting Group. Bitget saw a total increase in derivatives transaction volume of 300% in 2022 and has witnessed tremendous growth in trading volume and market share since the recent collapse of FTX. Bitget supports USDT-margined futures, USDC-margined futures, and coin-margined futures with 120 trading pairs. In May 2019, Bitget introduced a USDT-margined futures product that is more user-friendly for beginners than coin-margined futures.
In July 2021, Bitget became the first crypto exchange to launch USDC-margined futures through a partnership with Circle. Bitget was the biggest beneficiary of the FTX collapse, with its share of the crypto derivatives market skyrocketing from 3% to 11% in the aftermath, according to a report released by TokenInsight.