Bitget is a great option for both novice and seasoned traders. With their easy-to-use Copy Trading feature, Bitget is revolutionizing the way people engage with cryptocurrency markets. You don’t need to stay glued on your screen and follow the markets anymore. Simply check the consistency of other traders, and “copy” their trades. Here’s how to earn passive crypto income with Bitget copy trading.
What is Copy Trading?
Copy Trading is a strategic approach that enables users to mirror the trading activities of other traders. This feature is designed to simplify the trading process, making it accessible even to those with limited knowledge of the crypto market. Bitget, which not only has an easy-to-use platform, but also the lowest fees on the market, recently introduced copy trading.
Is Copy Trading Risky?
Just like with any investment, copy trading carries its own set of risks. The primary risk lies in the dependency on the trading decisions of others; if the trader you are copying makes poor or risky decisions, your investment is directly impacted. This method also assumes that past success of a trader is indicative of future results, which is not always the case, especially in the volatile crypto market.
That’s why on Bitget, you get to see the full detailed profile of every trader. You can search and filter on traders by highest ROI, yield, profit, and even followers.
Passive Crypto Income: How to Copy Trade on Bitget
1. Creating Your Bitget Account
- Visit the Bitget website and sign up for an account.
- Complete the necessary verification processes for security and access.
2. Navigating to Copy Trading
- Log into your Bitget account.
- Locate and click on the Copy Trading section, typically found in the dashboard or menu.
3. Choosing Your Trader
- Browse through a curated list of elite traders.
- Evaluate each trader based on their track record, including factors like historical ROI, number of followers, and Assets Under Management (AUM).
- Utilize tools like the VS icon to compare traders and make an informed decision.
4. Setting Up Your Copy Trading Parameters
- Once you’ve selected a trader, click on “Copy” to start mirroring their trades.
- Decide on the asset pairs you wish to trade and determine the amount – you can choose a fixed amount or a proportion of the trader’s investment.
- Adjust settings like stop-loss limits to manage risk effectively.
5. Monitoring and Managing Your Trades
- The copy trading dashboard offers a comprehensive view of your followed traders, ongoing trades, and performance metrics.
- Utilize features like automatic unfollowing for inactive traders to optimize your strategy.
Bitget Promotion: Trade Good and become an Elite Trader
For those with a proven track record in trading, Bitget offers the opportunity to become an elite trader. This status not only elevates your profile on the platform but also allows you to earn from followers who copy your trades. To qualify, you must meet specific criteria, including a minimum profit threshold and an independent trading history.
About Bitget
Founded in 2018, Bitget stands as a leading global cryptocurrency exchange, serving over 20 million users across more than 100 countries. The platform is dedicated to offering secure, comprehensive trading solutions, with Copy Trading being a standout feature. Bitget’s commitment to the crypto community is further exemplified through partnerships with notable figures and organizations, including football legend Lionel Messi and PGL, a prominent eSports event organizer.
