6.8 Bitget AMA Recap: About Bitget Copy Trade – Bitget

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Event Date: June 8, 2020 Organized By Crypto Hunters

Q1: many people already know about Bitget, but there are some people who don’t know about it yet. Can you explain to us what Bitget is? And its features for traders?

From the name, we can tell that Bitget is a crypto exchange. Bitget was founded in 2018, and headquarters established at the Asian financial center of Singapore. Bitget is a world-renowned digital asset financial service platform, providing 24-hour professional digital asset trading services to the world. The team consists of a world-class financial team and aims to create the most professional and secure new exchange in the world. Bitget has obtained regulatory approval from the United States Financial Crimes Enforcement Network (FinCEN), the primary regulator for money service businesses in the country.

At launch, Bitget offered regular exchange services. As the market for crypto derivatives grew rapidly, Bitget officially launched the USDT contract in July 2019. It is the first platform in the world that has both USDT forward contracts and inverse contracts, and the complete platform for USDT contract currencies. Daily trading volume is about 10–1.2 billion USD.

Q2: as we know, many large exchanges also make their own tokens/coins and various uses. Does Bitget also have tokens/coins? What’s this for? and how is the market? I think many investors have thought about buying a coin.

Yes, we have that. The token is Bitget Defi Token, and the name is BFT. The current application scenario for BFT is to deduct handling fees and provide airdrop rewards. The current market price is relatively stable and held by our Bitget users.

Q3: What is the Bitget strategy in dealing with this large crypto market? I mean in handling investors to keep trading in Bitget, adding new communities, increasing market liquidity. Also, what are your own targets for 2020 and 2021?

Bitget always insists on carrying out business in various countries and regions under the premise of legality and compliance is our main target. In the current market, there are only a few platforms provides copy trade function, we are keeping upgrading our feature and user experience, in the near future we will provide fiat buying/selling to our platform users, and we will focus on Indonesia, Vietnam, and other SEA countries. We are entering the Southeast Asian market and provide localized service to the users.

Q4: I see that Bitget has a copy trade feature. Can you explain about copy trade and how the mechanism is?

“Copy Trade” is a function, and is embedded in our Apps. Copy Trade allows users to copy the trading strategy from Elite Traders on Bitget. It is user-friendly to those without or primary contract experience, user can select multiple preferred Elite Traders, and follow them to automatically synchronize their trading behaviors to achieve profitability just by one click, no more keeping eyes on the market. Now the users can make more profit without an understanding of market behavior, devise a trading strategy, and you can significantly reduce or even completely bypass analysis altogether. The great thing is the user has the flexibility to control. He can close the position at any time and set any preferred leverage. If you are the Elite Trader at Bitget, you can get large profits from your ability and fully realize the benefits. We are the highest profit rewards platform, and all the traders can get 10% rewards from the follower’s profit. You can refer to the picture:

Q5: Which security system did Bitget use? Is it safe?

Firstly, Bitget has recently received many licenses, such as the MSB license for the US, MSB license for Canada, and even an Australian license, and currently, Bitget has been granted an exemption from holding a license under the Payment Services Act from MAS, Singapore. Bitget has always insisted on carrying out business in various countries and regions under the premise of legality and compliance, expanding its international strategic territory and achieving global compliance operations. Bitget has been in compliance with policies and continued efforts to regulate operations.

Secondly, we have a professional team, Bitget has the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers. Bitget has also invested a lot in setting up a security department since August 2019, ensuring exchange security and user security as an important feature.

You can go to https://www.ssllabs.com/ssltest/, key in Bitget’s domain (www.Bitget.com) to check.

Secondly, we have a professional team, Bitget has the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers. Bitget has also invested a lot in setting up a security department since August 2019, ensuring exchange security and user security as an important feature.

1. DeFi is one of the hottest topics in the blockchain space right now. Can you share your opinions on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is the #Bitget approach towards the DeFi sector?

Answer:

DeFi has a really big potential in the cryptocurrency industry, and it has the chance to change the way people undertake financial services in the future. Decentralized financial applications can make our financial systems more transparent, more resilient, and less fragile.

Bitcoin and Ethereum are the original DeFi applications. Both are controlled by large networks of computers, not central authorities. We are closely monitoring it to see how we can actively participate.

2. I’m from Indonesia. Is Indonesia one of the Bitget development and marketing target countries? What will you do to get the support of many parties in Indonesia or other countries, including blockchain actors and investors?

A: Yes, Bitget is expanding to SEA regions like Indonesia, Vietnam, the Philippines, etc. We will corporate with various parties like a press release, PR and Ads, etc. Also, we are looking for KOLs / communities leader in growing with us, if you are interested, please visit https://Bitget.zendesk.com/hc/en-us/articles/360042215911-Bitget-KOL-Program

3. With growing technologies advancing at a great speed in the Crypto industry, e.g., Software and hardware, how is Bitget looking to improve and stay up to date with the evolving crypto industry in today’s market and the future?

A: We will overcome in time through technological advances to solve all the issues and limitations that we faced now. Monitoring the market dynamics and launch new income-generating products if needed. Our mission is to keep implementing our product to achieve the best user experience and localization.

4. Some exchanges have been exposed to risks in the past. In some exchanges that have been attacked, users’ KYC information has been compromised. This situation worries users. How are KYC information protected in your stock? Is it possible to seize or leak KYC information?

A: As I mentioned before, we have a professional team. Bitget has the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers. Bitget has also invested a lot in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.

You may go to https://www.ssllabs.com/ssltest/, key in Bitget’s domain (www.Bitget.com) to check. There are exciting possibilities for Bitget as a valuable platform for security professionals to protect user’s funds and personal information. Bitget provides a robust and strong cybersecurity solution and a high level of privacy protection. They are focused on some specific cybersecurity disciplines to maintain simplicity: backup and recovery, threat intelligence, and content delivery networks.

5. What is the long term Bitget project? And what about the stages that are there to advance the project? What about airdrops in the future, what will be the next day? How much BFT supply? Where did BFT originate from and was created as a token or coin cryptocurrency? For BFT, is it based on Coin or token? And what about the BFT community in the future?

A: We are now mainly promoting Copy Trade. At present, the second version has been launched, and the third version will be launched soon. BFT is Bitget Defi Token. We always provide airdrop for the participants during different actives. We hope that BFT will join the activities of our platform more diversified have a wider scope.

6. What is copy trade? How to take part in copy trade and how to manage risk management?

A: “Copy trade” allows you to identify the experts and learn from their investments. The process comes with its own risk management tools, specifically “Plan entrustment statement.” You can decide in advance what is an acceptable level of loss for any particular trader (or trade) you copy and set your account to automatically close the copy trade if that level is exceeded. It takes away the need to continually monitor your copy trades.

7. I see that Bitget has three contracts, namely swap, inverse, and simulator, what is the difference between each contract?

A: We have USDT and inverse swap contact. USDT forward contracts are contracts with a margin of USDT. So, you can deposit USDT and trade contracts of BTC, ETH, or other cryptocurrencies with up to 100x leverage. USDT contracts are great as users can quickly make leveraged trades of any currency, they like with USDT.

Forward contracts are really easy to understand and really easy for users to calculate their profit/loss on the trade. Surprisingly a lot of big contract trading platforms still don’t have forward contracts.

Inverse contracts are the opposite. Users deposit BTC, ETH, and other cryptocurrencies and trade contracts against the USD with up to 100x leverage. Due to the non-linear nature of inverse contract payouts, it is much safer for traders to use inverse contracts when shorting a cryptocurrency against USD.

The simulator is simple. People can practice their trading skills in simulator mode; market data in the simulator are linked to real data. All users can have 5000 USDT and 0.5 BTC to play a simulator.

8. What steps will you take to develop your platform to be requested by many people and make people comfortable using your platform?

A: Provide more stable technical support is the priority. We will continue to run more impactful, measurable marketing campaigns, and provide more channels to collect the platform user’s feedback.

9. What distinguishes your future market from the others? And what future plans do you have to get lots of traders

A: First, we have trading pairs of both USDT and inverse contracts, so traders can trade efficiently and reduce their risk in the highly volatile markets.

Secondly, and we are honored that we have the embedded “Copy Trade “Function at Bitget App. “Copy Trade” allows the user to copy the trading strategy from Elite Traders on Bitget. It is user-friendly to those without or primary contract experience, user can select multiple preferred Elite Traders, and follow them to automatically synchronize their trading behaviors to achieve profitability just by one click.

As of now, Bitget has 890k of registered users. Most of them are from Singapore, China, Korea, and Japan. We are now entering SEA regions to extend our services to users from Indonesia, Vietnam, the Philippines, and India.

10.

1) What is really the mission and vision of this project? Is it the platform that registers the most users? What differentiates it from the goals of other projects?

A: Bitget has always insisted on carrying out business in various countries and regions under the premise of legality and compliance, expanding its international strategic territory and achieving global compliance operations.

Bitget is committed to becoming a benchmarking platform for global compliance operations in the industry, providing the most compliant, safe, and professional digital currency trading services for users worldwide.

As of now, Bitget has 890k of registered users.

Bitget can be differentiated from its goal to another exchange is that Bitget commits global compliance operations, this is a long-term plan in our Globalization Strategy Map, and Bitget is not a “white label” exchange.

2) Why choose to trade on the Bitget platform than on Binance Futures? Will I have more tools to facilitate operations?

A: Compare to other exchanges like Binance, Bitget has better actual liquidation prices. If you are an inexperienced user or you are too busy to keep an eye on the chart, you can choose copy trade as an extra opinion.

Pick 5 Question to Answer

1. To trade, do I have to verify my identity (KYC)?

For deposit, withdraw, and trade, DO NOT REQUIRE KYC, but for claiming some rewards, need to do KYC. like KYC completion rewards 30BFT

2. How do you put a stop loss on the Bitget, if you don’t have it, will you add this feature one day?

To take profit/stop loss, please use the stop-limit function.

3. Due to the newness of your platform, are there incentives for us traders to create orders? Which countries/continents do you want to focus on right now and later?

Please join https://t.me/Bitget_Indonesia and stay tuned. We are planning to have a campaign every week, like trading bonus giveaway, airdrops, extra $$ for the first deposit, etc.

Indonesia is one of it, and Vietnam, the Philippines

5.Why Bitget Launches Ambassador Program? What is the benefit of the Ambassador Program? Please explain to us:

The reason for launching the Ambassador/KOL program is that we hope blockchain or trading enthusiasts can join us to grow together. The benefits are :

High commission rebate — 40% from invitee’s transaction fees ;

Allowance — range from 200–500 USDT monthly;

Extra bonus — up to 9,000 BFT monthly extra bonus;

Exclusive honors — obtain exclusive poster by Bitget and expose in the traffic pool;

Official authorization — authorize to recruit and incubate online agents, and give priority seats for Bitget official events;

Delicate gift — receive limited edition Bitget KOL gift pack;

Early bird — enjoy early bird discounts at the Bitget platform.

Please visit https://Bitget.zendesk.com/hc/en-us/articles/360042215911-Bitget-KOL-Program for more details.

🔷 Bitget on Twitter

🔷 Bitget on Reddit

🔷 Bitget on Facebook

🔷 Bitget on Telegram

🔷 Bitget on YouTube



Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close