Bitget is a Seychelles-based crypto exchange that operates in 100+ countries worldwide, including Canada. It offers a comprehensive crypto-list of nearly 500 coins and tokens for trading in its spot and futures markets.
But not everyone has the knowledge, skills, and experience to analyze and predict crypto markets. That’s where the Bitget social trading feature comes in.
The One-Click Copy Trade feature enables newbies to successfully make profitable trades by copying the sophisticated trading strategies of elite traders without the need to conduct market analysis on their own.
So far, this feature has attracted over 80,000 traders and nearly 340,000 followers. Over 42 million trades have been executed, and more than $20M in profits are shared with traders.
This article lays out everything you need to know about Bitget copy trading so that you can determine whether this trading strategy is good for you.
How Does Bitget Copy Trading Work?
Below is a quick overview of how the Bitget Copy Trading feature works.
Select traders: Traders are ranked based on their performance and P&L. You first need to find and select outstanding traders and choose the ones to follow.
Set up parameters: Once you select a trader, you can click to copy their moves without making any changes or manually customize your risk management, margin, leverage mode, order placement method, and more.
Follow the trader: After you have adjusted parameters, just follow the trader, and the system will synch the trader’s opening and closing signals in real-time to automatically copy and manage your trades.
Types of Bitget Copy Trading
There are three types of Bitget copy trading, and the one you choose comes down to your trading style. They include:
Bitget Futures Copy Trading: This is great for users trading in the Bitget futures market. It enables you to implement advanced futures trading strategies from pro traders.
Bitget Spot Copy Trading: This allows you to copy the most successful spot traders and rake in profits at low slippage, low latency, and low maintenance.
Strategy Copy Trading: This offers a database of strategies and strategists that you can incorporate into your trading. You can choose to subscribe to a strategist at a monthly fee and automatically mirror their trades or purchase an expert strategy that you can use and manage on your own. You can also publish a strategy you own.
How to Get Started With Bitget Copy Trading
Getting started with Bitget Copy Trading comes down to whether you are a follower or a trader.
How To Start As a Follower
As a follower, you are looking to follow and copy pro traders’ orders. You can invest any amount between $10 to $3,000. Below is how it works.
Select traders: Head to Copy Trading and choose either Futures, Spot or Strategy Copy Trading. Check through the listed traders or strategies/strategists to select your favourite.
You can filter traders based on their followers, ROI, Total P&L, Copiers PNL, and Assets Under Management (AUM).
Click Copy: Once you have chosen your trader, hit the Copy button, then agree to Bitget’s terms and conditions.
Make final adjustments: You’ll be redirected to the settings page where you can select/deselect trading pairs, customize parameters under risk management (Take Profit, Stop Loss, and maximum investment settings), and set order placement method (Fixed amount or set a multiplier)
You can also toggle Advanced Settings to customize parameters on a per-trading-pair basis.
Click Follow: Confirm all your settings and hit the Follow button to start copying the trading moves of your chosen trader. You can change your settings anytime from your profile page.
How to Check Your Copy Trading Status
You can see all your orders and the traders you have followed from your profile page by clicking “My Copy Trades.“
Your orders are displayed under “Current Copy Trades,” while the traders you follow are displayed under “My Traders.”
From your profile page, you can adjust how you would like to follow each trader and customize your open orders.
How to Start As a Trader
If you are a pro trader, you can apply to become a trader and appear on Bitget’s traders’ list. To qualify as a trader, you should meet the following criteria at the time of applying:
- Have no open orders
- Have no trader in your following list
- Have no active strategy
To enter the application process, tap “Become a trader” on the Copy Trading page and submit a proven track record and your contact information.
If your application goes through, you’ll be displayed on Bitget’s traders list when you have a minimum of 500 USDT in your account, have opened at least one spot trading pair, and finished at least one Spot Copy Trading.
Get a 50 USDT bonus when you open an account and deposit 500 USDT or more.
Bitget Copy Trading fees
Bitget Copy Trading uses a profit-sharing model where copiers pay a percentage of their profits to the traders they are following.
How much traders get comes down to their BGB stake, which is the native cryptocurrency used to earn trading discounts and unlock other rewards on the platform.
| BGB Lock up | Profit-sharing ratio |
| 2,000 BGB | 4% |
| 4,000 BGB | 6% |
| 6,000 BGB | 8% |
| 8,000 BGB | 10% |
Tips on Finding a Good Trader
A good trader should show a track record of consistent gains in the long term, clearly understand and manage risk, and act as a role model to their followers by having their interests at heart and never misleading them.
Below is how you can find profitable traders to follow:
Check their profile page: Tap the Trader’s avatar to see their track records, including orders, followers, overall performance, P&L, and insights. Traders with over 100 followers and 50+ orders have more credibility.
Ranking and AUM: Make sure to check the trader’s ranking and Assets Under Management (AUM). It is a proven way to find expert traders who are more likely to give you a 40% success rate.
Don’t limit yourself to local traders: Turn off the “local” toggle to see a pool of international traders and increase your chances of finding the right fit.
Choose profitable traders: Look for traders whose Total P/L is over 2000 USDT and the 3-week Win rate is over 40%. Historically, this is proven to help you find traders likely to give you a 60% win rate.
Check the leaderboard: The leaderboard lists the top 500 traders worldwide based on their rank, win rate and weekly ROI.
