Product TutorialsTrading basicsBeginner's guide
The Uncensored Guide To Bitget Spot Trading
Beginner
2022-07-01 | 5m
The only guide you need to jump into Bitget’s renowned Spot Trading right away.
A note on Spot Trading
The crypto market has flourished in recent years, paving the way for enthusiastic profit-seekers. For those who are more thrifty, trading cryptocurrencies on centralised exchange (CEX) remains their first and foremost choice. On Bitget, you’ll first be overwhelmed with our product range: there is Bitget Spot Trading where you will own the actual coin yourselves, there is Bitget
Futures Trading if you just want to scoop up the profit, Bitget Margin Trading to start with just a small amount of capital, etc.
Two things to remember when you do Spot Trading:
(i) You will be the owner of purchased assets: Upon transaction completion, the asset you want to purchase will be sent directly to your exchange wallet.
(ii) Margin and leverage are now available for Bitget Spot Trading: Most exchanges do not offer margin and leverage for spot trading, which means you can’t borrow funds to amplify your profits. Bitget now offers
margin trading for selected spot pairs with the highest leverage being 10X, meaning if you have 1,000 USDT in your Spot account, you can buy, say, Bitcoin for 10,000 USDT.
For a more detailed explanation of Spot Trading, please read
here.
The finesse of Bitget Spot Trading
As one of the leading
crypto exchanges since 2018, Bitget has attracted more than 20 million loyal users from more than 100 countries around the world. The average daily trading volume of Bitget has surpassed $10 billion, consequently ranking the platform fifth globally. Rest assured that there are over 550 trading pairs available on
Bitget Spot Trading, all with
a high level of liquidity. For those who are not familiar with the term, high liquidity simply means there are a lot of active sellers and buyers of
550+ pairs listed on Bitget Spot Trading, which will guarantee the best bid/ask spread and make market entry and exit much easier.
There are newly listed tokens almost everyday. That being said, you are offered a wide selection of cryptocurrencies to maximise your profit opportunities.
Moreover, Bitget - as the dominating exchange in the cryptoverse - has been working hard to bring the DeFi experience to users via the launch of
Bitget Token (BGB). BGB holders can conveniently
enjoy a 20% cut on transaction fees if they choose to pay for their Spot transaction with BGB, while obtaining access to potential projects via
Bitget Launchpad,
Bitget CandyBomb and BGB Super Airdrops. Tokens of projects debuting on Bitget Launchpad or Bitget CandyBomb will be listed right in Bitget
Innovation Zone - the distinctive spot place for “high risk high return” tokens. That way Bitget spot traders can better diversify their portfolio and undertake new, exciting ventures with minimum risk as we already create the market for such tokens.
There are also
exclusive, smart tools available for Bitget Spot Trading to help investors make better decisions and attain their success, including:
-
Limit Order/Trigger Order/Other Conditional Order: Please refer to the article on Order Types here.
-
Bitget Spot Grid Trading: Your personal bot to help you through sideways markets.
-
Bitget Spot Martingale: The better, crypto-fitted version of dollar-averaging
-
Bitget Spot CTA: The automated, algorithm-based tool that helps place timely and risk-controlled orders
Finally, Bitget is proud to be
one of the most compliant crypto exchanges from a regulatory standpoint. We are working closely with local authorities to ensure smooth operations while managing to keep the registration process as simple as possible.
How to do Spot Trading with Bitget
Bitget promises to deliver
the best crypto experience from A to Z. Here is how you can start trading spot on Bitget, step-by-step:
Step 1: Log in to your Bitget account. Then,
deposit your asset into your Bitget spot account or buy USDT/USDC/BTC/ETH.
We offer several methods for purchasing these coins; you can find the detailed guide for P2P
here, for bank transfer
here, and for credit/debit cards
here.
Send cryptocurrencies from your other wallet to your Bitget Spot account.
Step 2: Once you have the deposit, head to
Bitget Spot Trading and check out our cryptocurrencies selection! Our real-time order book will help you to adjust your bid/ask price.
Charting tools are provided by TradingView.
Step 3: Choose your preferred pair and don’t forget to fill in the number for market order and other conditional orders. Once you’re done, click
Buy/Sell.
Step 4: To check your assets, go to
Asset then
Spot.
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