Bitget crypto futures
The cryptocurrency market is one of the most interesting and promising phenomena of the economic sphere, which attracts more and more people and makes them buy the assets that are emerging day by day in the crypto-industry.
In addition to the usual trading of digital coins, the crypto market has the opportunity to use financial instruments that can reduce risk and increase returns on cryptocurrency investments - these are derivatives. Today, derivatives exchanges in the Philippines are becoming increasingly popular and the volume of trading there is constantly increasing, which attracts professional and novice traders and investors.
Here is a look at the Bitget cryptocurrency derivatives trading platform.
What is Bitget?
Bitget is one of the world's leading exchanges specializing in trading crypto derivatives. The company was founded in 2018 in Singapore.
More recently, Bitget only had a leading position in Asian markets, primarily Korea and Japan. Since 2020, it has been actively developing in the markets of North America, Europe and the CIS.
Currently, the exchange is used by about 2 million traders and investors around the world, including in the US and Canada.
The Bitget derivatives trading platform provides the opportunity to trade from absolutely any device, anytime, anywhere!
Advantages of the trading platform:
- Transaction copying platform with flexible risk management
- Low commissions
- Easy verification
- Ability to withdraw up to 20 BTC per day without verification
- Licensing in the USA, Canada and other countries
- Convenient application and web platform, integration with Trading View
- A large number of bonuses to cover commissions
- Multilingual support 24/7
- Dedicated account manager for VIP clients
- Exclusive User Bonus Center
Bitget offers functionality for trading COIN-M and USDT-M futures, demo trading, spot market trading and copy trading. The function of automatic copying the trades of other traders, allows those who do not practice self-trading to earn on the difference in rates, the rating of traders with detailed statistics on their transactions and performance is available on the official website Bitget, you can see the traders presented in it and subscribe to favourite ones, setting the additional settings, including a stop-loss on all transactions and the maximum size of the position.
In turn, experienced traders who understand all the intricacies of the cryptocurrency market and have their own profitable strategies can become professionals on the Bitget platform and earn additional passive income from users who automatically copy trades and trade settings. Professional traders will be able to earn 10% of their subscribers' profits.
Bitget is growing, adding new services and bonuses every year, as well as having an active social life, working with investors and recently becoming a partner of the Juventus sports club.
What are cryptocurrency derivatives?
Let's talk about what derivatives are, what their basic nature is and other features.
Bitget cryptocurrency derivatives are financial contracts between two or more parties whose value derives from the value of the underlying asset, in this case cryptocurrency. Simply put, it is a contract that is tied to the value of a single digital asset or basket of coins.
This instrument allows investors to trade the digital asset indirectly - that is, not the coins themselves, but any kind of obligation to transfer them or units of value created from them. For almost all derivatives on digital assets, the same principle applies: if the exchange rate of the asset falls on the day of execution, the seller of the contract makes a profit and the buyer of the contract is left with a loss. If the digital asset rises in value, the buyer of the contract wins.
Derivatives were originally designed to minimize risk in trading volatile assets, but have since become an effective tool for digital currency speculation as well.
Derivatives are in deserved demand among traders. They are freely traded on stock markets and cryptocurrency exchanges and provide plenty of opportunities for active trading.
Why use derivatives?
In conventional cryptocurrency trading, a trader has several limitations. First, there is only one way to make money: buy cheaper and sell higher when the asset rises in value. Derivatives give the opportunity to earn not only on the rise but also on the fall of the price.
Secondly, the trader's profit in usual trading is limited by the available capital. If he has little capital, he will not be able to earn much. Derivatives give an opportunity to trade with leverage. It is when a trader borrows additional funds from the exchange against a pledge of the balance in his or her account.
Bitget derivatives trading should only be used after careful study of the instruments themselves and how they work. For beginners, it is better to get trading experience, learn the basic concepts and market signals, and develop a risk-based strategy, before trading crypto derivatives.
How does cryptocurrency derivatives trading work?
Before making a final decision to trade Bitget cryptocurrency derivatives in the Philippines, one should analyse the market situation using fundamental and technical analysis. Everything that could affect the value of the underlying asset in the future must be considered. It is not superfluous to study the history of quotations and to follow the news background.
Now, let us have a look at the most common derivatives.
Bitget crypto futures trading is gaining popularity among investors today.
Futures or futures contracts are an agreement to buy or sell an asset at a later date at a fixed price. Futures prices are formed based on aggregate indices reflecting the demand for each cryptocurrency on different exchanges, and are always clear and transparent.
The essence of a cryptocurrency futures is exactly the same as any other futures contract - it is insurance against price declines and the ability to lock in the value of the asset for the duration of the futures.
When the futures expire, if the coin goes up, you are in the black by the amount that exceeds the value of the futures contract at the time you made it. If the value of the asset has fallen during this time, you will have to make up the difference in the opposite direction, while maintaining the futures' collateral at the required minimum level.
Bitget crypto futures in the Philippines, allows you to maximize your profits by taking advantage of leverage to increase profits and apply advanced trading strategies.
Options on cryptocurrencies are a promising format of instruments, which can be very effective in playing on price movements. In addition, through the clever use of options, one can hedge risks effectively.
Let's take a look at what cryptocurrency options are.
A cryptocurrency option is the purchase for a premium of the right to sell or buy cryptocurrencies at a predetermined price at a certain point in time and for a certain period of time without commitment. Cryptocurrency options strategies allow for two types of profitable activity - to profit from a rise in the asset or to profit from a fall in its quotation.
There are two types of options - Call, which gives the right to buy (its price goes up with the growth of the cryptocurrency) and Put, which gives the right to sell (its value goes up with the fall in the value of the digital coin). In order to make money on options, the cryptocurrency must necessarily move in the trader's direction. For example, if the investor has bought a Call and the digital coin starts to fall, the option loses in value.
The main advantage of digital coin options is that they grant investors the rights to buy or sell cryptocurrencies under contractual terms with a predetermined price. This agreement is valid for a limited time. Crypto-options do not create any obligations that a participant in the transaction must fulfil. You are allowed to buy or sell the asset until the end of the allotted time at any time.
A cryptocurrency CFD is a contract in which the buyer and the seller compensate each other at the time of execution for the difference between the price of the 'koin' recorded at the opening/closing points of the position. In other words, in such transactions, there is no actual exchange (transfer of cryptocurrency between wallets); instead, the financial result of the transaction is credited or debited by the broker to the trader's trading account. This mechanism is very similar to an ordinary futures transaction. The main advantage of trading CFDs on cryptocurrencies is that traders can profit from both a fall in the value of the instrument and a rise in the value of the instrument.
The key reasons for trading cryptocurrency CFD
- High volatility.
- Profit potential in rising and falling markets.
- Flexible leverage.
Trading a cryptocurrency CFD means you don't have to invest in a real asset - instead, you can decide which direction the price will go. You also don't have to worry about insecurity. You're protected from any kind of cryptocurrency-related fraud, and at the same time, you can enjoy the opportunity to earn a good income.
In simple terms, a swap is an exchange. It is a process whereby one cryptocurrency is exchanged for another at a predetermined rate. Unlike selling one coin to buy another, when swapping tokens, the new coin replaces the old one, which means this transaction is mandatory, otherwise the owner will lose money. Swap allows users to swap cryptocurrencies quickly and easily without having to use fiat money as an intermediary, and without having to leave your wallet at all. With Swap, you can quickly make exchanges between BTC, ETH, BCH, etc.
With swaps, traders can open long positions (Long), to increase the price, or create short positions (Short) to decrease the price.
How to trade Bitget derivatives in the Philippines?
The Bitget trading platform offers traders many unique ways to trade and preserve capital. There is access to a wide range of options and the best trading conditions.
You can have Bitget derivatives trading today, but you need to register on the platform to do so.
The registration process on the trading platform is very simple. You need to provide your phone number or email address and set a password. You will then receive a code on your mobile phone or email.
Then follow the link to confirm your registration.
The next step is to complete the KYC. Although this step is not required before you start using the exchange, it is probably better to do it at the beginning so that you do not face a sudden KYC check when trying to withdraw money. The KYC procedure on Bitget requires you to upload selfies with your ID and also scan this document on both sides. In addition to these images, you need to provide your full name, country of residence, type of ID and identification number. Once the information has been processed, you will have access to the full functionality of the platform.
Once your registration is complete, you will be offered a free demo account.
Cryptocurrencies are very exciting. However, making mistakes in the market is unpleasant and expensive. With a demo account on Bitget, you can learn and practice in a risk-free environment, without using real money! The interactive platform makes trading cryptocurrency derivatives easier, even for beginners. Full simulation brings real trading experience and helps you learn the markets!
The demo mode is designed to test the features provided by the platform, learn the interface and functionality.
The Demo-mode teaches you to keep your emotional state and cool mind when things do not go according to plan. You will also be able to try out technical analysis on real market movements.
As soon as you feel that you have more profitable than unprofitable trades on your demo account, and that you are managing your capital and controlling your emotions, it's time to switch to trading on a real account with real money.
A deposit is required to open a brokerage account. Each online broker has its own minimum deposit threshold.
You can fund your brokerage account in a number of ways. You will usually find all the options listed on the platform, so you will have to choose the one that best suits your needs.
Bank cards, traditional bank transfers and e-wallets are the most common.
Withdrawal is the same process as buying cryptocurrency. You create an application, pay for it and specify the details to which you want to receive the funds.
In this article, we have tried to bring you the most relevant information about trading Bitget derivatives in the Philippines.
Sign up and start trading on the largest international exchange today. Good Luck!