Bitget Copy Trading | All you Need to Know
Bitget copy trading provides an avenue for traders to benefit from copying the trading strategies of top expert traders in a transparent trading environment. This can be a top option for beginner traders who do not have the experience to start creating signals to open a position single-handedly.
The launch of the BitGet copy trading referral feature, where traders earn by getting others to make their first copy trade through the referral link, is among the latest features. For instance, if a trader you invite reaches a trading volume of 100 USDT in futures copy trading, you will receive 2 USDT each. Additionally, the BitGet smart copy is another feature that makes copy trading interesting on the BitGet platform. So, if you're looking for a stress-free way to invest in the financial market, consider the Bitget copy trading system.
In this article, TU traders will provide traders with Bitget copy trading reviews. Thus, in case you are not familiar with BitGet copy trading, this post will provide traders with all the information they require to comprehend the operation of the BitGet copy trading mechanism.
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Can I make money from Bitget copy trading?
Yes. If traders complete the primary assignment before selecting a master trader, which involves assessing a trader's performance, they can profit from Bitget copy trading. However, it is crucial to remember that master traders can lose trades because they are not impervious to failure.
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How to start a Bitget copy trading referral?
Click the share icon on your copy trading page to share your current copy trades and elite trades, or click the icon on the page of the elite trade you want to share. Share your Bitget copy-trading stories and other relevant experiences on social media, along with the generated referral link. When a new trader completes the Copy Trading settings and begins following an elite trader using your referral link, your link becomes active.
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Is Bitget copy trading suitable for beginners?
Yes. Beginners can benefit from Bitget copy trading since it relieves the burden of learning how to trade before placing a position. With the strategies they copy from master traders, they can open a position without any trading experience.
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What is the minimum amount for copy trading in Bitget?
The investment amount for profitable copy trading on Bitget is 50 USDT.
Can you copy trade on Bitget?
Yes. BitGet offers traders the platform to copy trading strategies from traders who are more experienced. Using the Bitget copy trading service, you can automatically mimic the trading strategies used by seasoned and profitable traders on the Bitget platform. Imagine it like following a Google Map direction to a destination you have never been to before. In essence, you are copying their trading strategies in the hopes that their knowledge will help you make profitable investments as well.
Although this trading strategy is appropriate for all skill levels, it is a more profitable choice for those who are just starting out or who want to gain from the experience of more seasoned traders. Bitget copy trading is of different types: spot copy trading, futures copy trading, and smart copy.
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Futures copy trading: provides you the opportunity to make profits like a seasoned pro by enabling you to easily copy the contract orders of extremely skilled traders.
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Spot copy trading: provides you with access to professional traders who possess the abilities and know-how to buy and sell in extremely volatile markets.
How to become a copy trading subscriber on Bitget
You must be a verified user on the site to subscribe to Bitget copy trades. It is required that you complete all Know Your Customer and verification processes. After logging in, you can choose which traders to copy by clicking the copy trading button. You can choose the spot or futures copy trading option, and there is a filter to help you define the type of trader you want to copy. With the filter, a trader can pick a trader based on the total equity, transaction histories, follower counts, etc. To confirm, click "Copy" after selecting the trader you wish to follow.
As a copier, it is important to access the trader's profile to know their expertise and how they compare with other master traders. Users must click the "Follow" button to start following the trader of their choice after making all the required adjustments. After agreeing to Bitget's copy trading terms and conditions, you can make some modifications. After the selected trader responds, traders can use the application to invest a fixed amount of equity, which can be anywhere between $10 and $3,000.
How to become a master trader
On BitGet, knowledgeable users referred to as "master traders" provide the trading methods that less experienced traders copy. A trader can become a master trader, profit from their followers' success, and generate a new passive income stream. On Bitget Copy Trade, you can apply to become a master spot trader or futures trader.
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Click "Apply Now" in the copy trading section to apply to become a Master Trader.
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Then, wait while your application is reviewed. Usually, applications undergo review in two to three business days.
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As soon as your application is accepted, an email notification will arrive in your inbox.
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Following a successful application, you should make the first trade available for copying by your followers and future followers.
Becoming a master trader requires that none of your futures accounts—demo account, isolated margin account(s), and unified futures account—have any open positions, open orders, trigger orders, or pending orders. You must not be following any trader at the time of application. The maximum number of followers you are permitted to have as a master trader is determined by the equity (in USDT) in traders' accounts.
| Total equity (rounded down to the nearest USDT) in the spot account | Maximum number of followers | |
|---|---|---|
|
Spot |
0 - 99 |
0 |
|
100 - 999 |
100 |
|
|
1,000 - 4,999 |
300 |
|
|
More than 5,000 |
500 |
|
|
Futures |
0 - 499 |
0 |
|
500 - 999 |
100 |
|
|
1,000 - 4,999 |
300 |
|
|
More than 5,000 |
500 |
You will automatically receive an additional 10% of your current limit once the number of followers you have surpassed the maximum target. You will not lose any of your current followers if your account balance drops and you fall into a lower tier. They can still replicate any of your recent orders and trades. They will not be able to follow you again, though, if any of them choose to unfollow you, unless you add more equity to your account or until you have fewer followers than the maximum for the current tier.
You will only appear on the “Bitget One-Click Copy Trade Trader List” if your futures account balance stays above 500 USDT or your spot account balance exceeds 100 USDT. On Bitget Copy Trade, traders are eligible to receive up to 10% of the profits made by their followers. Below is a synopsis of the traders' profit-sharing program:
| The amount of BGB locked | Copy Trade Profit Rebate |
|---|---|
|
1,000 BGB |
4% |
|
2,000 BGB |
6% |
|
3,000 BGB |
8% |
|
4,000 BGB |
10% |
How to choose a master trader on Bitget
Copiers need to carefully evaluate each trader to find the best fit to use Bitget Copy Trade's database of over 110,000 expert traders. It's essential to have funds deposited into your account before starting your search. Once your account is funded, navigate to the copy trade section and select the copy trade option.
When you navigate to the copy trade section, you will see several different-profile master traders. Use the filter option to narrow down the displayed list of traders. You can choose traders based on particular criteria by clicking the filter button at the top of the One-Click Copy Trade page, which opens the “FILTER” menu. You can, for instance, filter traders according to their overall P/L (USDT) and 3-week win rate.
After selecting a trader, verify their ranking or assets under management (AUM). The simplest and fastest method for locating an experienced trader is this one. The average profit success rate for traders with a high AUM or ranking is 40%. Analyze the trader's total profit and loss, number of followers, trading order, and ROI.
If you encounter an orange button that reads "FULL," it may be impossible to duplicate that trader immediately. However, you can copy the trader once they become available. To stay informed about when a slot opens up, select the slot reminder option on the trader's profile and click on Remind Me to receive an alert.
Note:
Turn off the "local" toggle to view all expert traders worldwide if you are specifically looking for one in their timezone; the chances of finding the right fit increase when the pool is made available to foreign traders. To hide expert traders who have reached their maximum capacity and are not currently eligible for more followers, turn on the "Hide Full" toggle. Even though many experienced traders can naturally follow, it saves time if copy traders want to start trading right away.
Spot copy trading on Bitget
Spot Copy Trading on Bitget is a user-friendly solution designed to replicate the trading strategies of successful traders, providing a seamless trading experience as traders get signals on the instrument that can be sold or bought immediately. With low slippage, latency, and maintenance requirements, this platform makes spot trading accessible to traders of all levels. You can easily get started trading, regardless of your level of experience.
To begin, simply select "Spot" from the copy trade tab and choose "Spot Copy Trading" under "Copy Trading" to start copying other traders' orders. You can select a trader based on their total equity, transactions, and number of followers. Once you've made your selection, tap “Copy” to start replicating their trades. If you have open spot orders on your account, please be aware that you are unable to copy trades in BitGet.
Futures copy trading on Bitget
Copy trading in the futures market works similarly to standard copy trading, but it works with futures contracts. An asset may be purchased or sold under a futures contract at a fixed price and date in the future. Thus, futures copy trading involves imitating the way knowledgeable traders purchase and sell these future contracts.
Bitget futures copy trading maximizes profits and promotes mutual success while offering followers and elite traders an easy-to-use, transparent, and straightforward experience. You are not permitted to have any positions, open orders, trigger orders, or more than one elite trader account registered with you. Furthermore, you are only allowed to follow one elite trader at a time on your futures account (real and demo combined). You are not allowed to follow any other elite traders on your account.
Visit the copy trade page, select an elite trader you wish to follow, and use Copy to access the copy trade page to begin Bitget futures copy trading. Before copying, you can evaluate different traders' profiles and compare their ROI, win rate, AUM, and profit share ratio.
Bitget copy trading referral
The Bitget copy trading referral feature allows Bitgetters to invite new users to Bitget copy trading by sharing the referral link and making profits together. Setting up copy trading through the copy trading referral link is necessary for a referral to be considered successful. Users who have not participated in Bitget copy trading can still choose this passive income option.
Current users can earn incentives by directing new users to the Bitget copy trading referral program. Depending on the specifics of the referral program, when a new user registers using a referral link or code given by an existing user, both the referrer and the new user may be eligible to receive bonuses or discounts. This program helps draw in new users by encouraging existing users to tell others about Bitget copy trading.
Referral codes, QR codes, or referral links can all be used to invite users. You can share the homepage of an elite trader to refer others, and there is no cap on the number of invitees you can bind to.
Pros and cons of Bitget copy trading
Below are the top pros and cons of the Bitget copy trading system.
👍 Pros
• It's easy to get started with copy trading on BitGet, and users can potentially make money by following profitable traders.
• Bitget copy trading teaches you how to develop strong trading psychology and the best cryptocurrency trading strategies.
• Learning how to trade from seasoned cryptocurrency copy traders is easy with copy trading. Risk management is one of the skills you will acquire.
• Bitget copy trading ensures that trades are executed at the desired price by providing low slippage, making spot trading accessible to traders of all skill levels, including novices.
• Bitget offers a referral program that allows users to get paid for referring new users to the platform, and users can choose from a large pool of traders based on their trading style and performance.
👎 Cons
• Copiers might become lazy and not bother about learning how to trade or analyze the financial market themselves.
• Since professional traders occasionally experience losing streaks, following their strategies is not a guarantee of success.
Expert opinion
Bitget's copy trading feature is an attractive option for traders of all experience levels who want to take advantage of other people's knowledge when opening a trading position. With the help of this cutting-edge feature, users can automatically mimic the trades made by profitable traders, eliminating the need for ongoing observation and analysis. The accessibility of Bitget's copy trading is a major benefit, as it facilitates newcomers' entry into the market and allows them to pick up tips from seasoned traders.
Furthermore, the platform facilitates transparency by providing traders with comprehensive performance metrics, thereby empowering users to make well-informed choices when choosing whom to follow. However, despite its benefits, Bitget's copy trading also comes with risks. As with any trading strategy, there is no guarantee of profits, and users should exercise caution and conduct thorough research before following a trader.
Overall, Bitget's copy trading feature presents a promising opportunity for traders to leverage the expertise of others and potentially enhance their trading outcomes. However, users should approach it with a balanced perspective, understanding both its benefits and risks.
Summary
With Bitget copy trading, users can trade stress-free with minimized risks of losing out on trades due to inexperience. Gaining knowledge from the experience of seasoned traders via copy trading is just one of the many benefits of BitGet copy trading.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).