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Don't Wait on the Trend. Earn the Trend - A Tutorial on Bitget Smart Trend

The crypto market can be a hazardous place. Traders all around the world buy and sell crypto 24/7 and one tiny oversight may translate into a costly mistake. To make things even more complicated, no one can tell which direction the market is going and by how much. Bitget Smart Trend to the rescue! With one subscription, you’ll be able to profit whichever way the market is going without having to keep an eye on the price all day long. What is Bitget Smart Trend? Leveraging fixed-income assets and options, Smart Trend is our innovation towards a new financial horizon. It is a structured product that balances profits and risks on a fine edge. You can make your predictions with your subscription and enjoy amplified interest when the price is moving in your favor. Even if you’ve made the wrong bet, you can still enjoy a basic APR at settlement. Subscribe to Bitget Smart Trend! How does Bitget Smart Trend work? It works both ways. You can either subscribe to our bullish product and enjoy benefits when the underlying’s price goes up, or bearish products for more returns from its depreciation. All Smart Trend products will settle 7 days after they start gaining interest, and each product comes with a unique price range and APR. Take our Bullish BTC Smart Trend product for example. Say it comes with a price range of $88,000 to $93,000 and an APR range of 4.00% to 15.26%. As a subscriber, at the time of settlement: if BTC drops below $88,000, you will earn our guaranteed 4.00% APR for the last 7 days; if BTC is trading between $88,000 and $93,000, you will be rewarded with an extra APR that scales proportionally to the difference between BTC’s settlement price and $88,000; if BTC goes above $93,000, you will always earn the highest APR 15.26% regardless of its actual price. Try out our Bearish products if you’re bearish on an asset. They work the same way, but the APR goes in the opposite direction to the underlying’s price change. Take our Bearish BTC Smart Trend product for example. Say it comes with a price range of $80,000 to $85,000 and an APR range of 4.00% to 15.29%. As a subscriber, at the time of settlement: if BTC goes above $85,000, you will earn our guaranteed 4.00% APR for the last 7 days; if BTC is trading between $80,000 and $85,000, you will be rewarded with an extra APR that scales proportionally to the difference between BTC’s settlement price and $85,000; if BTC drops below $80,000, you will always earn the highest APR 15.29% regardless of its actual price. Where do I start? Step 1: To subscribe to our Smart Trend products, sign up or log in to your Bitget account. From Bitget app, choose ‘Smart Trend’ under ‘Earn’. From Bitget website, choose ‘Smart Trend’ under ‘Earn’ from our top navigation bar or click on this link. Step 2: Browse through our hottest Smart Trend products and click on ‘Subscribe’ once you’ve made your decision. Peruse all details, including APR, price range, settlement time, repayment time before entering the amount of your subscription and clicking ‘Confirm’. Your assets will be locked up after confirmation. Step 3: You can check your ongoing and past subscriptions via this link, or under the ‘Smart Trend’ tab in your Earn account. Please note that Smart Trend is a lock-up structured product, which can't be unlocked in advance until the end of the subscription period. Upon maturity, your interest and principal will be automatically settled without requiring your manual actions. I still have some doubts… Is Smart Trend risky? As a structured financial product, Smart Trend is able to cap its risk to a very limited range. Subscribers will be guaranteed a base APR no matter what. It should be noted, however, that since your principal is in crypto, there are certain inherent risks, such as the depreciation of the underlying cryptocurrency’s value relative to fiat currency. Are price ranges and APR ranges fixed? In the case of violent market fluctuations, we may adjust the price range and APR range of each Smart Trend product for optimal returns before they start earning interest (Interest start time). Once everyone’s assets are locked and loaded, however, the price range and APR range will be determined. How is the product settled? If you subscribe to Smart Trend using BGB, your subscription will be settled in USDT at maturity. If you subscribe to Smart Trend using BTC, ETH or USDT, your settlement currency will be the same as your subscription currency at maturity. When will I get my interest? Upon maturity, your interest and principal will be automatically settled without requiring any manual actions from you. You can check the 'Est. repayment time' section for the estimated time. Closing thoughts Bitget Smart Trend is one of the favorites of our Earn products, with a similar APR pattern to Shark Fin product but a higher tolerance for the accuracy of your price prediction. With some simple strategies, it can become a reliable hedge against most fluctuations. Sign up now to start exploring our plentiful pool of financial products at Bitget!

Peanut the Squirrel (PNUT): Honouring Memories And Uniting A Community

What is Peanut the Squirrel (PNUT)? Peanut the Squirrel (PNUT) is a memecoin launched on the Solana blockchain, born from an unexpected and heartbreaking real-world event that resonated across social media. Inspired by the story of Pnuts, a beloved pet squirrel, who brought joy and warmth to their caretakers and followers, PNUT seeks to channel the outpouring of love and advocacy into a movement that protects small creatures. This coin represents a mission of compassion, remembrance, and change within the cryptocurrency world, thereby combining community spirit with impactful causes. How Peanut the Squirrel (PNUT) Works A Campaign of Love and Advocacy The PNUT campaign began after the heartbreaking loss of Pnuts and Fred, who were taken by authorities under disputed circumstances. The event triggered widespread public support and became a rallying call to end unnecessary cruelty. The seizure and euthanasia of Pnuts by the New York State Department of Environmental Conservation (NYS DEC), which also involved the confiscation of a raccoon in the care of Pnuts’ owner, Mark Longo, sparked intense online debate. Elon Musk’s remark, “The government is a mindless and heartless killing machine,” amplified the collective outcry and brought significant attention from both animal rights advocates and the crypto community. PNUT symbolises a mission to create a world where creatures like Pnuts can live freely, surrounded by empathy and kindness. The coin’s purpose reaches beyond financial transactions; it supports rescue initiatives, conservation projects, and educational efforts aimed at protecting wildlife and promoting a more compassionate world. Community Engagement and Support PNUT’s early success is rooted in the commitment of its supporters. The community, inspired by Pnuts’ and Fred’s playful spirits and loving nature, has rallied behind this cause, driven by a shared vision of creating a safer environment for all animals. Each purchase of PNUT is a direct contribution to conservation and rehabilitation projects as well as a symbol of solidarity and compassion for those who cannot defend themselves. Together, PNUT supporters propelled this token's market cap to over $130 million within days. The $PNUT Token The Solana-based PNUT token, serves as a tool for funding and awareness. While it functions as a memecoin, its true value lies in its role as a unifier for a global community dedicated to animal welfare. PNUT is a way for individuals to become active participants in a movement that upholds Pnuts’ legacy and advocates for the freedom of small creatures. Holding PNUT not only contributes to ongoing conservation efforts but also signals a commitment to fostering love, protection, and kindness for vulnerable wildlife. Peanut the Squirrel (PNUT) Goes Live The story of PNUT stands as a proof of the power of collective sentiment and advocacy. While the initial fervour around the token may have settled, the movement continues to grow, supported by a dedicated community determined to make a difference. By purchasing PNUT, supporters help fund rescue operations, conservation work, educational outreach, and make sure that Pnuts’ memory is honoured and that his spirit inspires lasting change. The legacy of Pnuts and Fred reminds us that even the smallest lives can have a profound impact, and through this coin, their light continues to shine, calling for a world that protects, not harms, its most innocent creatures. How to Trade Peanut the Squirrel (PNUT) on Bitget Listing time: 7 November 2024 Step 1: Go to PNUT/USDT page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade PNUT on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget Hot Takes (November 06 - November 12)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. The latest Bitget Hot Takes can be found here. Central Themes • BGB clings to US$0.48, volume up by 56%. • To be watched out the week ahead: U.S. CPI release on November 14, 2023. • Bitcoin breached US$37,000, Ethereum US$2,000, Solana led the Top 10. • Poloniex got hacked with estimated losses over US$100 million. BGB Clings To US$0.48, Accumulation Trend Still Strong The 7-day performance of BGB is +1.5%, seemingly modest in comparison with others, but remember that we’re back and forth between US$0.48 and US$0.49, which is close to its all-time high of US$0.513378 (also established this year). The smaller movements in BGB prices explain the lower volatility, and again, we need not to say that we are happy with this current level of volatility. However, the fact that BGB is still lingering around its four-month high continues to spark investors’ interest, and results in a surge of 56% in its weekly volume to US$200 million. When we look at the 4H chart, it’s clear that accumulation trend is quite strong, hence why BGB’s volume-to-mcap ratio is picking up. If you are new, hi there, BGB is the native token of Bitget. It’s currently one of the most searched for tokens on CoinGecko, and we invite you to learn about the perks that come with BGB to see why this wonderful token is so loved. BGB has hit its all-time high this year in June at US$0.513378 (and US$0.490540 as of last week) from a mere opening price of US$0.181712 on January 01, 2023. We have good reasons to retain our faith in its incredible performance: BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition BGB Sail: April Edition BGB Sail: March Edition BGB Sail: February Edition ‘Leave Crypto If You Haven’t Tweeted “We’re So Back” This Week’ Let’s start with the biggest news - so far (yes we hope for more) - this year: Bitcoin prices are back to US$37,000 and Ethereum to US$2,000 for the first time since May 2022! Among the Top 10, Solana recorded the biggest gain this week of 33.7%, followed by a 16.5% increase in volume. Most traded in the Top 10, however, is our beloved memecoin DOGE: up by 13.5% in value and 121% in volume! The joy spread out quickly across markets, X (formerly Twitter) and Telegram of course. Do you remember Beeple, the man who sold the first ‘purely digital artwork’ for US$69 million at Christie’s? He has decided to rename his upcoming event from ‘Crypto Winter Wonderland’ to ‘Crypto Bonerland’. And in the Halloween special episode of ‘The Simpsons’, we get to see Homer minting a Bart NFT, Marge trying to rescue him by going into the blockchain, and the Mayor announcing the digitisation of the city’s art gallery. All the hype and well, as ThreadGuy said: ‘leave crypto if you haven’t tweeted “we’re so back” this week’. We have every reason to believe that this comeback is mainly driven by institutional interest, with a big dose of hopium for not only the first spot Bitcoin ETF but also the first spot Ethereum ETF in the U.S. On the other side of the planet, Hong Kong is considering a spot Bitcoin ETF as well. The City has proved their ambition in becoming a true crypto hub in Asia with crypto retail trading, an ecosystem of tokenised products, and UBS’ new service for wealthy clients, which allows them to trade three currently available crypto ETFs in Hong Kong: Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs. Another big player to join the crypto force is HSBC, who plans to begin to offer tokenised securities custody service for institutions in 2024. Meanwhile, Standard Chartered’s venture arm SC Ventures has partnered up with Japanese financial conglomerate SBI Holdings to invest US$100 million in crypto. The Latest Bitget News First, take a look at our incredible performers of the week here: This week we have eight tokens whose 24-hour change exceeds 100%: T2T2/USDT, GROK/USDT, ARBINU/USDT, HMTT/USDT, SHRAP/USDT, SATS/USDT, FERC/USDT, and TEM/USDT, three out of which are Bitget’s initial listings. If you are a spot trader, don’t forget that we are calling for project recommendations - submit info about your favourite project and earn 100 USDT once it’s listed on Bitget! Don’t forget that our spot listings always come with a bunch of real good deals:• Bitget Savings: New tokens can be added to our savings vaults within days after the listing with up to 100% APR for a limited time! • Bitget Launchpool: Similar to Bitget Savings, but it’s for BGB owners to put their holdings to work! • Buy new tokens with 0 fee: We introduce a new token every week, and you can buy it with your Credit/Debit card at no processing costs for seven days! Added to the program this week is ORDI - don’t let this opportunity pass by! Want some extra juicy deals? • Check out Bitget’s Zero-Fee Program: activated every Wednesday and every weekend for Bitget users who own a Credit/Debit card! • Play Spin and Raffle before November 19 to share 200,000 USDT! • Save the date for Bitget’s Black Friday Deals: for the EU region, U.K, Canada, Australia, Spain, Portuguese and LATAM region! • Bitget Snowball and Bitget Smart Trend: New subscription period begins every Monday! • Weekly exclusive earning opportunities: Up to 10% APR on Bitget Wealthy Tuesday Bitget Spot Trading’s volume went UP by 71%. Bitget Futures Markets’s average crypto OI saw a further expansion of 23%, average Bitcoin OI by 14.7% in the last 7 days, meaning Bitcoin dominance on ours futures market decreased by another 6.8% to land at only 47%. Bitget Rewards Center has been upgraded! New users can now get up to 5,027 USDT for free and earn an additional bonus when you log in to your account daily. Sign up immediately to get the most out of our promotion campaign! New Events Virtual Versions (VV) will be listed on Bitget. Come and grab a share of 630,000 VV! Nakamoto Games(NAKA) will be listed on Bitget. Come and grab a share of 10,000 NAKA! Chappyz (CHAPZ) will be listed on Bitget. Come and grab a share of 20,000 USDT! HiFi Finance (HIFI) GROK (GROK) will be listed on Bitget. Come and grab a share of 19,000 USDT! Bitcoin Gold (BTG) will be listed on Bitget. Come and grab a share of US$6,000 worth of BTG! MetaTrace (TRC) will be listed on Bitget. Come and grab a share of 86,000 TRC! Hype Meme Token (HMTT) will be listed on Bitget. Come and grab a share of 1,000,000 HMTT! Sats(SATS) will be listed on Bitget. Come and grab a share of US$6,000 worth of SATS! Shrapnel (SHRAP) will be listed on Bitget. Come and grab a share of 428,000 SHRAP! Sakai Vault(SAKAI) will be listed on Bitget. Come and grab a share of 3300 SAKAI! Deposit to List: Sexone (SEX) - Deposit and Share 0.00007295 SEX Rewards! Deposit to List: Sundae The Dog (SUNDAE) - Deposit and Share 2,755 SUNDAE Rewards! November new user bot trading perks — share a 60,000 USDT prize pool and enjoy loss protection on your first trade Join Bitget as an elite trader for rewards! Bitget's Diwali Fest: Unlock Crypto Riches! Join the Bitget Hunter program to win up to 2500 BGB and Messi merch 100,000 USDT Prize Pool Up for Grabs! NewDegen 2023 On-Chain Trading Competition: Registration Now Open! Get USDT at a 10% discount everyday on Bitget P2P! Good Reads Chappyz (CHAPZ): Leveraging AI to Foster Authentic Communities in Web3 What Is Grok (GROK) and How Does It Work? Hong Kong Poised to Approve the First BTC ETF in Asia Why Are Memecoins So Popular? A Deep-Dive Trade Like a Pro: Follow Unlimited Experts with 100 USDT on Bitget Copy Trading Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget x Tether: The Gateway To Real-World Assets

As the crypto industry marches forward, the integration of tokenized real-world assets is inevitable. Tether, the stablecoin powerhouse of crypto, saw the need for more stablecoin varieties, and has been adding new options to lower the entry barriers for investors and traders worldwide. Being the devoted ally, Bitget is delighted to introduce two new stablecoins by Tether, EURT and XAUT, to our thriving 8 million+ user base. Stablecoins For Multiple Purposes Up until now, the US-Dollar has been dominating the fiat market and stablecoin peg, with Tether being the most trusted issuer at over 50% USD stablecoin market share. But blockchain technology’s impact isn’t supposed to be limited to a particular group; we are proudly enabling transactions and providing services around the clock on a global scale. It’s critical to ensure a secure experience that is (a) beginner-friendly, (b) easy to switch between crypto and everyday currencies (hence lower risks) and (c) indigenous to crypto to attract mass appeal. USD-pegged stablecoins came to the rescue, combining the strength of the US-Dollar and the low-risk nature of stablecoins. Tether is the issuer of the most widely used stablecoin, USDT. Owners of USDT have the right to redeem their tokens for USD, which will then be deposited into their bank account after verification. Similarly, Tether Euro and Tether Gold values are backed 1:1 by the Euro and the physical gold bars of the London Bullion Market Association (LBMA)’s Good Delivery standard. For many, USDT and EURT offer the perfect means of settlements; after taking profits from their crypto activities, traders and investors can cash out the returns without any hassle. Arbitrage trading is also popular among investors, while gold-backed stablecoins can act as a convenient inflation hedge as they are divisible (XAUT can be fractionated up to 0.000001 troy fine ounce) and do not require physical storage. On the go it is. Teaming Up To Lower The Entry Barriers For Users Worldwide Launched in 2018, Bitget has been home to over 8 million users, 55,000 professional traders and 100,000 influencers from more than 100 countries, who altogether achieve an average of US$10 billion in daily trading volume. That alone guarantees extremely active and liquid markets for our users. Initially, EURT and XAUT trading will be available on Bitget Spot Trading and Bitget Spot Grid Trading as follows:• Spot pairs: EURTUSDT and XAUTUSDT • Spot Grid pairs: EURTUSDT and XAUTUSDT As for other Bitget Spot Trading pairs, you can enjoy a direct 20% fee reduction if you use BGB to pay for your transactions! Read more on the topic here. Together, Bitget and Tether are persistently working on bridging the gap between the real world, Web2 and Web3. The listing of Tether Euro and Tether Gold opens up plenty of opportunities for Bitget users. First of all, European Bitgetters can now trade in their domestic currency, so practically the forex volatility between USD and EUR is removed. On-ramp and off-ramp should be easier, obviously, given that Bitget users can choose between our P2P market, our Quick Buy/Express, Credit/Debit card or via Bank Deposit to exchange their assets. On the contrary, the trading pairs of EURT/USDT and XAUT/USDT should come in handy for anyone seeking haven in market turbulence. Maybe the Euro lost its strength, maybe the Federal Reserve got hawkish again, you are thinking yourself into a recession, or you simply need to diversify your portfolio, tone down your risk a bit - there are various reasons for crypto traders and investors to make good use of these new listings. In addition, trading a familiar asset should appear to be more enticing for crypto novices, thereby pushing us one step closer to mass adoption. A Bitget speciality is the exclusive events accompanying our new listings with extra money to be earned. Stay tuned to not miss any guides or lucrative earning schemes: Twitter | Telegram | LinkedIn | Youtube | Facebook | Instagram Not yet a Bitgetter? Simply create an account, and start browsing through the meticulous projects in Bitget Innovation Zone immediately to keep up with the latest crypto trends!

Bitget Hot Takes (September 26 - October 02)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes last week can be found here. Central Themes • The U.S. Federal Reserve (FED) will have an emergency meeting today October 3, 2022. • Bitcoin had an all-red weekend again, closing at US$19,051.64. • BGB recorded the highest single-day return compared to BTC and ETH. • The British Pound Sterling (GBP) fell to its lowest level in the last 50 years. • BlackRock launches a blockchain/crypto ETF in Europe and will soon launch a Metaverse-focused ETF in the U.S. BGB Recorded The Highest Single-Day Return BGB value remains roughly the same over the last 7-day period, ending the week with a cumulative return of 0.9990%, lagging behind Bitcoin’s 1.0198% but still showing better resistance than Ethereum (0.9948%). Noteworthy is, BGB has recorded the highest single-day return out of the three at 4.5% (September 26), while the number shows only 2.2% for BTC and 3.2% for ETH. BGB has successfully demonstrated its ability to thrive when the sentiment is extremely bearish and still able to keep up with the market in the upward cycle. That alone is a decent reason to hold BGB as a hedge for your wealth. Unconvinced? Below are our BGB reports for the last months: BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition Cash Is Still King? We are living in interesting times. The rise of the US-Dollar amid the plummeting of several fiat currencies makes the others look like ‘shitcoins’ - a comparison made by the Twitter community. All jokes aside, unprecedented DXY levels are hurting other countries, especially top import countries like Japan, and even American export businesses as well because they’ll have to compete fiercely with cheaper local alternatives. Source: TradingView The British Pound Sterling (GBP) has been spiralling down to its 50-year low on September 28, which led to U.K’s pension funds getting margin called and the Bank of England’s coming in for the rescue with a long-dated gilt purchase plan of up to £5 billion (about US$5.6 billion). Source: Bloomberg Finance Meanwhile, the Euro has been trading consistently below the US$1 mark for nearly two weeks. Source: TradingView What does this mean for the cryptocurrency market? It’s safe to say that holding your assets in fiat seems to be much less appealing at the moment. That is why the daily volume of BTCEUR and BTCGBP hit record highs last week, per Messari. Source: Messari Bitcoin had, however, another all-red weekend with a close price of US$19,051.64. A radical move can be expected after the U.S.’s FED closed board meeting later today (October 3). BTC Price Chart Source: TradingView Crypto Stocks And BlackRock’s New Crypto ETFs Bitcoin mining firms were winning big this week, clearing out losses from the week before. Marathon Digital Holdings stocks (MARA) saw a return of 12.81% while the number for Riot Blockchain stocks (RIOT) stands at 11.44%. MicroStrategy is another one to lock in a positive return of 4.88% at the end of the week. The company had purchased another 301 Bitcoin at an average price of US$19,581 on September 20, increasing the firm’s total BTC holdings to 130,000 Bitcoin. Looks like a supporting claim for cryptocurrencies. And the most exciting news, from an adoption perspective, is BlackRock’s announcement of their new crypto/blockchain ETF in Europe and an upcoming U.S. ETF on Metaverse. After years of Bitcoin hate, BlackRock has finally introduced their own crypto trading services to institutional investors in August. BlackRock is the world’s largest asset manager with nearly US$10 trillion in assets under management (AUM) as of Q2 2022, hence the company’s participation in the crypto industry brings good winds to the digital space. BlackRock’s iShares Blockchain Technology UCITS ETF (BLKC^-NL:Euronext Amsterdam) began trading on September 27. The fund aims to give European investors exposure to the U.S. companies tied to crypto and its development, including Marathon Digital Holdings (NASDAQ:MARA), Riot Blockchain Inc (NASDAQ:RIOT), Coinbase Global Inc (NASDAQ:COIN), etc. Details on BLKC’s portfolio can be found here. In addition, the ETF unit of this giant has just filed a new fund application with the U.S. Securities and Exchange Commission (SEC) on September 29, whose strategy consists of investments in ‘Metaverse platforms, Wearable Technology VR/AR, Enhanced Social Media, Immersive Gaming, 3D Rendering Simulation Software, Digital Assets Payments’. Side Chatters Following the US$160 million-Wintermute hack recently, a Twitter KOL named James Edwards (Librehash) has published his conspiracy theory, saying that this hack was indeed an inside job. Blockchain Security Infrastructure Provider BlockSec quickly released a counterargument of the theory, which concludes that it is ‘not convincing enough to accuse the Wintermute project’. On Friday night, Solana went offline for eight hours, raising questions about its proclaimed high performance. This Layer 1 has experienced 6 outages so far this year and become the only with outage YTD. Some are saying Solana is new and bugs should be expected; besides, it has achieved the highest transaction per second (TPS) compared to other blockchains. These arguments alone cannot stop SOL prices to fall by 1.95% in the last 24 hours and 0.93% in the last seven days (Data by CoinMarketCap). The Latest Bitget News Since the introduction of the exciting Bitget Launchpool in early September, we have released a total of 10 yield farming pools available for all Bitget users! It’s important to note that we select only the most commonly traded tokens so that rewards are truly rewarding and ready-to-be-exchanged at any time! Prepare for the new pools released TOMORROW OCTOBER 4: Stake BGB to earn ETHF and Stake ETHF to earn ETHF! Bitget ABCs is the new program where you can request the listing of your favourite tokens and express your loyal support! Check out the compiled list from A-H here - all are available on Bitget Spot Trading! Don’t forget that we are charging 0% spot fees and even offering additional trading rewards for newly listed tokens, BGB Airdrop, and up to 48% APY for Flexible Savings subscribers! New Listings Spot Trading ETHWUSDT AMPLUSDT FETUSDT SWEATUSDT LINGUSDT Futures Trading BANDUSDT Futures Grid Trading MATICUSDTSOLUSDTXRPUSDTADAUSDT New Events New Copy Traders: 110 USDT + Additional Benefits Bitget US$80 Global P2P Carnival Bitget x Trading High: 110 USDT In Bonus 0% Fee Spot Trading, 48% APY and BGB Airdrops Bitget x Banxa: 0% Payment Fee [Bitget VIP] Referral Program iPhone14 Pro is Waiting for You: Completing Daily Trading Tasks Together! Good Reads Five Metrics To Choose An Exchange A Wrap-Up Of The Ethereum Merge Why This Crypto Bear Market Is Different Tokenomics: Which Criteria To Study Web 1, Web 2, Web 3 Layer 1, Layer 2, Layer 3 Follow us for the latest updates: Twitter | Telegram | LinkedIn | Facebook | Instagram

Trading 101: What is Spot Trading?

In this article, you’ll get to know the basics of spot trading and how to elevate your trading experience on Bitget with our tips. What is spot trading? Spot trading is the act of buying and selling an asset at the current market price for instant delivery, i.e. the immediate transfer of asset ownership. In general, traders utilise spot trading to yield profits from daily market movements through a combination of several small transactions. Crypto spot trading is available on centralised trading platforms (CEXs), decentralised exchanges (DEXs), and in OTC markets. Newbies can practise spot trading in a simulated environment with TradingView Paper Trading to get a real feel for the market. Please note that crypto trading takes place 24/7 - we are the market that never sleeps. CEXs Despite the rapid evolution of Decentralised Finance (DeFi), CEXs remain enormously popular due to the high level of liquidity and security. CEXs use the order book system to match bid and ask price, which means the more orders there are, the more liquid the market is. CEXs also provide fiat-crypto trading pairs and act as the guarantee for the completion of transactions. They are especially beginner-friendly - most individual investors made their first crypto transactions “on-ramp” or, in simpler terms, with their credit cards. Bitget is one major crypto spot trading exchange with 8 million users, ranking 3rd in terms of liquidity. DEXs Advocates of decentralisation prefer DEXs because they are not custodial. Wallet owners keep their own private keys and their personal information - no KYC compliance is required. There are two types of DEXs, the ones with an order book system (LoopRing, Gnosis Protocol or IDEX) and the ones with the innovative automated market makers. DEXs can list more trading pairs as the listing process is not as demanding as with CEXs. However, some problems with DEXs include blind signing (unknowingly contract approvals), lack of liquidity and slippage, that is, the price difference between the price you submit and the price confirmed on the blockchain. Spot trading versus Futures trading In traditional finance, futures markets usually play an important role in hedging as well as in the price discovery process. To reduce their exposure in the spot markets, investors may want to lock in a favourable price of the underlying asset in the future. Furthermore, as the futures market, for example in the U.S., often opens before the stock market, traders in the stock market can observe the sentiment and place corresponding orders for spot trade. The key difference between Spot trading and Futures trading is the ownership of assets. Spot traders acquire the actual asset ownership when transactions are completed, but futures contracts can be settled in cash only, i.e. finalised with the transfer of associated cash positions. One thing that also distinguishes spot trading from futures trading is the omission of minimum equity requirements. Some futures contracts may require a lower bound of investment for one single contract. Another comparison: Spot trading and Margin trading Both these two trading options allow for straightforward price speculation, but traders who utilise Margin trading will be able maximise their profits once the tides rise. Of course the risk of amplified losses will manifest itself if the market moves against your positions. Traders often use Margin trading as a part of their diversification and hedging strategy to preserve their capital resilience in market downturns. Don’t forget that there are several helpful tools that come with Margin trading to limit the associated risks, such as stop-limit order. Dive deep into Margin with Bitget Academy: What is Margin Trading? Spot trading with Bitget Make the best out of your crypto journey with Bitget - the leading crypto exchanges with a huge customer base of 8 million users from 100 countries worldwide. Trading pairs, Limit Order, Trigger Order There are over 300 trading pairs available on Bitget Spot and we are constantly adding more. Users can take advantage of our Limit Order and Trigger Order to manage their portfolio accordingly. Copy Trade In terms of scale, Bitget is indeed the world’s largest digital copy trading exchange, where over 80,000 professional traders have generated a total profit sharing of US$20 million with their 380,000 followers. Bitget Copy Trade is designed to meet the needs of every investor, be it a seasoned trader or someone completely new to the space. Beginners will learn by copying orders from a professional of their choice and profit from their expertise, while crypto geeks can establish new streams of passive income as Bitget Copy Trade professional traders. Commissions for professional traders are up to 10% of their followers’ profits, thus creating a “win-win” environment for all our users. Get yourself acquainted with Bitget Copy Trade here: The Basics Bitget Launchpad Bitget Innovation Zone Bitget Launchpad was launched in early 2022 with the mission of connecting investors with potential projects. There are countless new crypto projects being launched every day; not every project is sincere and keeps their commitments. Coming to the rescue, Bitget Launchpad develops a strict vetting process to ensure the quality of projects as well as assist them with marketing and raising awareness so that both investors and development teams can enjoy substantial benefits. All projects launching on Bitget Launchpad will also be listed on Bitget Innovation Zone, where new tokens are added every week and obviously with new gaining opportunities, encouraging investors to undertake new, exciting ventures and diversify their portfolio. Keep up with new projects on Bitget Launchpad here. Ready to open your crypto trading account? Join Bitget today, earn your rewards, and let Bitget Academy empower you with our expertise knowledge!