Are you interested in learning about the BitGet Exchange trading bots and what it has to offer? That’s fantastic! You have come to the right place.
If you are interested in BitGet Exchange, that means that you are aware of the fact that there is quite a bit to appreciate in the current technological era. We see that there are gradual advancements taking place across the board, from finance to other aspects of society.
The changes taking place in finance are important and interesting to pay attention to as this is a key part of life. Let us take a look at algorithmic trading on BitGet Exchange and what all you need to know about the BitGet Exchange trading bots.
🤷 The Types of Traders That BitGet Exchange Fits the Most So Far
If you are looking to get involved with BitGet Exchange, then it is important for you to learn more about the entity itself and what it offers. It is also a fantastic idea to learn more about how it operates and a few key details to watch out for before interacting heavily with the platform.
The company was launched in the year 2018. Over the next few years, it was able to carry out actions to meet its objectives of increasing crypto adoption. It sought to have an emphasis on social trading and this has shown great promise. The entity was able to reach out to over 7 million users and see use on its platform. It also counts over 70,000 professional traders on its platform as well from over 95 countries.
- It continues to have regular derivatives trading volume.
- The firm notes that it sees over $10 billion on an average daily basis.
- One of the most interesting aspects of the BitGet Exchange is that it offers proof of reserves.
This proof of reserves is important because of the different news surrounding digital asset exchange platforms that were largely insolvent and did not have the right portion of assets on hand to cover the needs of their users.
When looking at a digital asset entity, you want to make sure that they are able to meet your needs. Most of the time, due to the name brand of the entity, many people automatically think that everything is fine and will move forward with taking actions on and through the platform.
But as many have seen, since the start of the digital asset industry, moving forward with a simple assumption is not the best process. It can be quite risky and can lead to a loss of principal assets.
If you are interested in more safety when it comes to your assets, it is best to conduct more due diligence in this regard.
Another important aspect that this platform offers is that of the protection fund. This fund is something that has been similar to a few other prominent names. The fund essentially makes it to that individual users know that they can feel safe knowing that in the event of a cybersecurity attack, they do have funds set aside to cover losses. That is very important in an era where cybersecurity threats seem as if they are on the rise.
It also has aspects such as Rewards Hub, Affiliate options, Institutional services, API trading, Institutional services, and other similar aspects as well.
Let us now take a look at some of its core features. It is possible to buy crypto on a peer-to-peer basis through the website. You can purchase from verified merchants directly on their site and then you can also use third-party applications through their site to purchase crypto if that is your primary aim.
How about its trading options for markets?
You can trade futures, conduct spot trading, spot margin trading, and even strategy trading as well. Benefit from rankings, general market data, and related information to see what is trending in the markets at the present moment.
Another interesting aspect of this platform is that you can take advantage of copy trading. This aspect is critical if you are not interested in risking real money without having a guide from day one. If you are interested in learning more about the markets, how it moves, and want to get a feel for it by following experts, you can do so through copy trading.
The copy trading tool is available for futures copy trading, spot copy trading, strategy copy trading, and you can also use the tool to gain insights.
That is quite fascinating and interesting for people who are looking to gain knowledge, see moves, and analyze it to learn it for themselves.
It also provides options such as savings, shark fin, dual investment, launch pool, BGB earning, all ways to increase your yield or earnings on your various digital assets.
How about its cryptocurrency offerings?
The exchange will provide over 100 cryptocurrencies to trade and will have different pairings as well. You can see that it has bitcoin, ethereum, solana, litecoin, and other fan favorites as well.
If you are looking for battle-tested technology, stable security, professional customer support, margined futures accounts, full quant trading tools, and intuitive trading tools, then you can benefit from this platform. Of course, it is essential to note that due to the fact that it offers derivatives and spot trading, then it presents copy trading options, that it can be viable for professional traders and for amateurs as well. The types of traders that would appreciate this entity are those that are interested in a wide variety of tools and options that enable them to participate in the digital asset industry.
The traders appreciate this platform because it offers small market cap coins, relatively low fees, and has a wide array of tools to use. At the same time, people would like to see the ability to use fiat deposits and withdrawals. Finally, it is possible to access this on mobile and desktop. It has a dedicated mobile app for both operating systems.
One thing that people do not appreciate is that it is not available for those who reside in Singapore, Mainland China, North Korea, Iran, Syria, Afghanistan, Cuba, and the United States. The reason why it is not available in these areas will range from regulation, fear of elevated criminal activity, sanctioned countries, and a few other reasons.
💻 Do You Need To Download Special Software?
No, it is definitely not necessary to download special software to conduct automated trading on BitGet.
We have not come across any instance where one would have to download special software to interact with the BitGet Exchange platform. Sure, there are third-party providers who may require you to pay for their services but many are cloud providers and will not require additional software downloads.
One other way that BitGet stands out is by offering its automated trading bot solutions on its platform. You can simply navigate to BitGet and then go to the section that says “copy trading” on the upper bar. Then click on that. Finally, scroll down to create a strategy. You will find that this option provides a futures grid, spot grid, futures DCA, and spot DCA.
If you are looking to experiment, click on the one that seems compelling, and it will navigate to a chart screen. From there you can see what it shows and see if you are interested in moving forward with that one.
It is clear with these instructions that you do not need to download special software, especially if you are looking to use BitGet’s own platform.
Let’s move forward.
🛡️ Are BitGet Trading Bots Safe?
It is essential to know if BitGet trading bots are safe. If you are looking to place a large or decent portion of your assets in bots, then you want to make sure that you do not have to worry about additional risks of loss. We say additional risks of loss because trading is risky and requires individuals to be aware overall.
When it comes to BitGet trading bots, the community has not reported any instances of harm. This is specifically with regard to BitGet trading bots found on their website. If you are looking to trade on BitGet with outside or third-party providers, it is best for you to conduct additional due diligence.
From what we have seen, the providers who do connect to BitGet are safe. Again, if you are using less prominent tools, then it is best for you to conduct additional due diligence.
Largely, many tools within this sector realize the importance of a solid reputation and have stayed within the bounds of respectability.
If you are looking to conduct your due diligence on obscure ones, remember to look at popularity, reviews, time in business, and other aspects to see if it is best to use.
🤖 Best BitGet Trading Bots
The best BitGet trading bots may vary according to the individual user. Let us take a look at the providers that connect to this platform and then make our conclusions.
We have already talked about the fact that the entity offers its own tools under the copy trading section, where you can “create a strategy”. In this section, you can look at the futures grid, spot grid, futures DCA, and spot DCA.
We have not seen complaints or issues about these options and so we believe that users are comfortable with these options.
If you are interested in using the best BitGet Trading Bots from third-party providers, here is what we see.
Remember that this is a comprehensive list of the tools that we know that connect with this platform. There may be more added regularly as they come about and maybe fantastic options. Further, to remind you, the best will vary based on personal experience and is largely subjective. Remember that none of these solutions fully do it all for you as there are not fully fleshed AI brains.
They help you and act as smarter assistants. But let’s take a look at if there are any free options.
👌 Are There Any Free BitGet Trading Bot Options?
It appears as if the bots provided on the BitGet platform are free.
As we have looked, there is no pricing present on the platform and you can go straight to the product. But if you were looking for automated strategy copy trading, that will cost you. The cost will vary based on the trader that you choose to copy and their specific pricing.
The next point to realize is that when it comes to third-party bot options, a few of these providers, like Bitsgap, will provide a free tier. The free tier will come with some limitations but it is great for those that want to experiment and absorb the entire experience.
Passivbot is another tool that seems to be free. It notes that it is open source and that one can replicate the tool for themselves. Jesse bot is also one that offers a free option. Again, the free option is available only on Bitget!
These options should provide you with a strong starting point and will help you discover what is best for you.
💰 How Much Money Do I Need To Start?
The fact of the matter is that you must answer a few key questions for yourself when looking at how much you need to really start. Let’s look at a few of these key questions below.
- What is your daily target profit goal?
- What is your level of risk tolerance?
- What is your overall knowledge level?
- How much time do you have to devote to this to refine and learn?
These are the main questions to look at when you are looking at how much money you need to start.
If you are only interested in looking at this as a minor passive income opportunity, then you can likely start off with a small amount, say from around $2000 to $3000.
If you are looking at being more active in the markets and want to target around $100 a day, then it would be best to look at starting with around $4,000 to $5,000. If you are operating with around $5,000, then you can trade in and out of markets on a daily basis, where there are slight movements, and gain a decent profit target.
Of course, it will be up to you to be a little more active, to look at how the markets are moving, to see which one’s are trending up, and then to set and refine your parameters accordingly. If you are able to do so successfully, then you can see that you can actively earn and increase your initial principal over the course of a year.
Remember that the daily target will be a key factor in how much you need to start.
The level of risk tolerance can also be a huge part of this process because you might see some opportunities in less traded and less known cryptocurrencies. At the same time, these lesser-known ones may not have as much liquidity but may provide chances for large gains because of various dynamics. It is important for you to be able to understand how to size these trades and assess your overall risk tolerance.
The risk tolerance depends on your current needs, your level of assets, and your outside-of-investing expenses and obligations.
Your overall level of knowledge in speculation is another aspect to account for because it is a key part of your success. If you are not comfortable with trading operations then it is best for you to start small and learn about the different mechanics of regular trading by engaging with it. Then after you feel comfortable and feel as if you know what you are doing, then you can increase your position. Ideally, you would have been able to see increases in your account as you learn and make decisions, thus proving that you can handle bigger accounts.
Of course, the time that you have to learn about trading, parameters, and other aspects is also important to consider. If you are looking to earn more actively, then it would be best to devote a portion of your day to these activities. If you are looking to treat it as a passive operation, then you can start off with that smaller amount, learn a few aspects, and then watch how your account performs with the bot solely acting with the rules provided.
📈 Are There Any Unique Pairs to Trade with the Bot on BitGet Exchange?
The entity has over 150 cryptocurrencies that are present on it. You are likely to find a few unique pairs present on the platform. If you are looking to trade specific pairs and want to know if they have it, please feel free to reach out to their support team to check if they have it.
📢 Conclusion
BitGet has done a fantastic job of being in the digital asset community and building a presence. It has been able to differentiate by offering low-cost trading. Those who are interested in derivatives and leverage will find that it provides compelling options for their needs.
At the same time, it continues to look at ways to make the experience better. The fact that it provides bots on its platform is also another compelling reason to use it.
If you are looking for another compelling exchange to add to your regular use and want to benefit from automated bot tools, then BitGet and its tools may be something to look at today.