Bitget Futures Trading Tutorial: Your Step-by-Step Beginner’s Guide

Bitget, established in 2018 and headquartered in Singapore, has quickly risen as a leading crypto exchange and Web3 company.

With millions of users globally and an impressive average daily trading volume, Bitget has cemented its reputation in the cryptocurrency market.

Bitget offers futures trading with low fees, high leverage, and various contract options, making it an attractive platform for novice and experienced traders.

When you start futures trading on Bitget, you can select from multiple trading pairs such as BTCUSDT, ETHUSDT, and SOLUSDT.

The platform allows you to choose between a cross or isolated margin mode, which is crucial in managing your risk and maximizing potential profits.

For those new to futures trading, Bitget provides a comprehensive and user-friendly interface that simplifies the trading process.

You can confidently and precisely navigate the volatile crypto market by leveraging its advanced features and robust security measures.

How to Trade Crypto Futures on Bitget: Bitget Futures Trading Strategy & Basics

Trading crypto futures on Bitget involves understanding key risk management concepts and maximizing potential gains.

Leverage allows you to open positions that are more significant than your account balance.

For example, 10x leverage means you can control $10,000 worth of assets with just $1,000. Though it amplifies profits, it also increases potential losses.

Margin is the collateral required to open a leveraged position when trading crypto futures. Margin types include cross-margin and isolated margin.

• Cross-margin mode uses your entire account balance to maintain positions, reducing liquidation risk but exposing your entire balance to potential losses.
• Isolated margin mode confines your margin to only the amount allocated for a specific position, limiting potential losses to that position alone.

Liquidation occurs when your account balance is insufficient to maintain a leveraged position. Understanding index price, fair price, and funding rate helps in managing your positions:

• Index price represents the asset’s average price from significant exchanges, ensuring a fair benchmark.
• A fair price is used to prevent unfair liquidations and is calculated using the index price and funding rate.
• The funding rate is a periodic payment exchanged between long and short positions to keep the futures price close to the index price.

It would be best to consider using the Bitget order calculator to estimate your potential profits and losses before entering trades. This tool allows you to input leverage and margin to visualize possible outcomes.

Knowing these basics ensures a more informed and safer crypto futures trading experience on Bitget.

How to Create an Account on Bitget

To start trading futures on Bitget, you must first create an account. You can do this via the website or the mobile app.

Website Registration

1. Navigate to the Bitget website.
2. Click on the “Sign Up” button at the top right corner.
3. Choose to register with your email address or mobile number.
4. If using an email, enter your email and create a new password.
5. If using a mobile number, enter your country code and phone number, then create a new password.
6. Verify your email or phone number by entering the code sent to you.
7. Complete any additional security steps, such as setting up two-factor authentication (2FA).

Mobile App Registration

1. Download the Bitget app from your relevant app store.
2. Open the app and tap “Get Started,” or navigate to the profile icon and tap “Sign Up.”
3. Follow the same steps as the website to register using your email or mobile number.
4. Use the verification code sent to your email or phone to confirm your account.
5. Set up 2FA to enhance security.

Verification Process

After registration, you may need to complete a Know Your Customer (KYC) process. This involves submitting identification documents, such as a passport or driver’s license, and possibly a selfie for verification.

Security Measures

Bitget emphasizes security with two-factor authentication (2FA), anti-phishing codes, and withdrawal allowlist settings. Enabling these features can help protect your account from unauthorized access.

Referral Program and Bonus

Bitget offers a referral program where you can invite friends to join. New users can receive a bonus for signing up through a referral link.

Check the latest Bitget website or app promotions for specific details and conditions.

Creating an account on Bitget is straightforward and designed to protect your information while providing attractive incentives for new users.

How to Deposit and Withdraw Funds on Bitget

To manage your funds on Bitget, follow these simple steps.

Depositing Funds

1. Open the Bitget app or website.
2. Navigate to the Wallet Section.
3. Click on Add Funds or Bank Deposit.
4. Choose the desired currency.
5. Follow the instructions to generate a deposit address.
6. Use the generated address to send your funds.

Supported payment methods include bank transfers, credit/debit cards, and cryptocurrency transfers. Processing times vary:

• Cryptocurrency deposits are usually credited within minutes.
• Bank transfers may take 1-3 business days.

Minimum and maximum limits:

• Crypto deposits: No minimum, maximum depends on currency.
• Fiat deposits: Varies based on payment method and region.

Withdrawing Funds

1. Log into your Bitget account.
2. Go to the Wallet Section and click Withdraw.
3. Select the asset you wish to withdraw.
4. Enter the destination address or bank account details.
5. Confirm the transaction.

Processing times:

• Crypto withdrawals: Typically within minutes, up to 24 hours.
• Fiat withdrawals: 1-5 business days.

Fees:

• Cryptocurrency withdrawals incur a small network fee, which varies by currency.
• Fiat withdrawals have variable fees based on the payment method and region.

Make sure to verify the transaction details carefully to avoid errors. Use this comprehensive guide to manage your deposits and withdrawals on Bitget effectively.

How to Transfer Funds to the Futures Wallet

On Bitget, two types of wallets exist the Main Wallet and the Futures Wallet. The Main Wallet holds your general funds, which are used for activities like spot trading.

The Futures Wallet, however, is specifically designated for futures trading. Before engaging in futures contracts, you must transfer funds from your Main Wallet to your Futures Wallet.

To transfer funds, follow these steps:

1. Log in to your Bitget account.
2. Navigate to the Futures section on the platform.
3. Locate and click on the Transfer button.

In the transfer window that appears:

• Select the direction of the transfer (Main Wallet to Futures Wallet).
• Choose the currency you wish to transfer. Supported currencies include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
• Enter the amount you wish to transfer. Ensure that the amount meets the minimum and maximum limits set by Bitget.

Asset	Minimum Amount	Maximum Amount
BTC	0.001	10
ETH	0.01	100
USDT	10	100,000

• Confirm the transfer. Your funds should appear in your Futures Wallet almost instantly.

The transfer feature is straightforward, allowing you to manage your trading capital efficiently. Ensure you know the minimum and maximum transfer amounts to avoid any issues.

How to Choose Between Coin-Margined and USDT-Margined Futures

Coin-margined futures use cryptocurrencies like BTC or ETH as collateral. USDT-margined futures use USDT (Tether) as collateral. Your choice depends on your trading strategies and capital preferences.

Differences

Feature	Coin-Margined Futures	USDT-Margined Futures
Collateral	Cryptocurrencies (e.g., BTC, ETH)	USDT (Tether)
Settlement	Profits/losses in crypto	Profits/losses in USDT
Volatility Impact	Higher, due to crypto price fluctuations	Lower, relatively stable with USDT

Examples

• Coin-Margined Futures: BTCUSD, ETHUSD
• USDT-Margined Futures: BTCUSDT, XRPUSDT

Advantages of Coin-Margined Futures

• Hodlers’ Choice: Ideal if you prefer holding crypto.
• Efficiency: Use your existing crypto assets to trade.
• Potential Gains: Benefit from both trading and rising crypto prices.

Disadvantages of Coin-Margined Futures

• Higher Risk: Susceptible to crypto market volatility.
• Complexity: Requires understanding of crypto rates.

Advantages of USDT-Margined Futures

• Stability: Less affected by crypto price swings.
• Simplicity: It is easier to calculate profits and losses in stable USDT.
• Leverage Options: High leverage availability, e.g., 125X for BTCUSDT.

Disadvantages of USDT-Margined Futures

• Limited Crypto Gains: Miss out on potential increases in crypto value.
• Stablecoin Dependence: Requires confidence in USDT stability.

Understanding how each type of futures contract aligns with your trading goals and risk tolerance helps you make an informed decision.

Read More: What Is Crypto Options Trading?

How to Understand the Futures Trading Interface on Bitget

The Bitget futures trading interface is designed to be user-friendly and efficient, offering a range of tools and features to help you manage your trades.

• Main Chart: The central part of the interface shows the main chart. This chart displays real-time price movements, allowing you to analyze market trends and make informed trading decisions. You can customize it using various time frames and indicators.
• Order Book: You will find the order book to the right of the main chart. This section lists all open buy and sell orders, providing insight into market liquidity and potential price movements.
• Order Panel: Below the order book is the order panel. You can place new orders by selecting the type (market, limit, stop), quantity, and price. Understanding the different types of orders is crucial to maximize your trading strategy.
• Position Panel: The position panel shows all your open positions and active trades. It includes details such as entry price, current price, profit/loss, and leverage used. Monitoring this section helps you keep track of your trades and make necessary adjustments.
• Trading Tools & Customization: Bitget offers tools like stop-loss, take-profit, and trailing stops. Additionally, you can customize the layout and appearance of the interface to suit your preferences by adjusting color schemes and visibility options for various components.
• Exploring and understanding these elements will help you utilize the Bitget futures trading interface effectively.

How to Place and Manage Orders on Bitget Futures

To start trading futures on Bitget, choose a trading pair from the available options. For example, you might select USDT/BTC.

Select a contract type: Either standard or perpetual.

Set your leverage level using the leverage slider, which allows you to amplify potential gains and losses.

Order Types:

1. Market Orders: Execute immediately at the current market price.
2. Limit Orders: Execute at a specified price.
3. Stop Orders: Execute once the market reaches a specified trigger price.

Placing an Order:

Navigate to the Bitget Futures trading interface. Choose ‘Market’ or ‘Limit’ order from the order panel.

For Market Orders:

• Set the quantity.
• Confirm and execute.

For Limit Orders:

• Set the price and quantity.
• Confirm and execute.

Leverage and Margin:

• Leverage: Increases exposure with a smaller initial margin.
• Margin: The amount you need to maintain your positions.

Managing and Closing Positions:

• Track your positions in the ‘Positions’ tab.
• Adjust leverage or margin as needed.
• Close positions by selecting ‘Close’ next to the open position.

Funding Rate and Settlement Mechanism:

• Funding Rate: Paid between long and short positions periodically.
• Settlement Mechanism: Ensures positions are marked to market and funds are exchanged according to the market price.

How to Use the Bitget Order Calculator

The Bitget order calculator is a valuable tool for futures trading. It helps you estimate potential profit/loss, required margin, and liquidation price, aiding in better decision-making.

To access the Bitget order calculator:

1. Navigate to the Bitget trading page.
2. Locate the calculator icon, which is usually found near the order entry section.

When using the calculator, the following parameters are typically needed:

• Entry Price: The price at which you plan to enter the trade.
• Exit Price: The price at which you intend to exit the trade.
• Order Size: The number of contracts or the amount of the asset you are trading.
• Leverage: The amount of leverage you intend to use.
• Initial Margin: The amount of margin required to enter the trade.

The results provided by the calculator include:

• Potential Profit/Loss (PnL): The estimated financial outcome of your trade.
• Required Margin: The amount of collateral needed to open the position.
• Liquidation Price: The price at which your position would be liquidated if the market moves against you.

Here are some examples to illustrate different scenarios:

• Scenario 1: Long Position
  • Entry Price: $40,000
  • Exit Price: $45,000
  • Order Size: 1 BTC
  • Leverage: 10x
  • The calculator will show the potential PnL, required margin, and liquidation price.
• Scenario 2: Short Position
  • Entry Price: $50,000
  • Exit Price: $45,000
  • Order Size: 2 BTC
  • Leverage: 5x
  • Results include a breakdown of your PnL, margin requirements, and liquidation risk.

Using this tool efficiently can enhance your trading strategy on Bitget.

How to Use the Bitget Copy Trading Feature

The Bitget copy trading feature is a unique and innovative way to follow and copy the trades of professional traders. This allows you to profit from their expertise without conducting extensive market analysis.

To get started with Bitget copy trading, follow these steps:

1. Create a Bitget Account: If you don’t already have an account, sign up on Bitget.
2. Navigate to Copy Trading: Go to the homepage and select Copy From the navigation bar.
3. Select Futures Copy Trading: Choose Futures Copy Trading To access the copy trading platform.
4. Choose a Trader: Browse through the list of elite traders. Check their ROI, win rate, AUM, and profit share ratio.
5. Click Copy: Select Copy To start following a trader and automatically replicate their trades.

Benefits of Copy Trading

• Save Time: Let experienced traders make decisions for you.
• Learn from Experts: Gain insights into successful trading strategies.
• Accessibility: Suitable for beginners with limited trading knowledge.

Risks of Copy Trading

• Market Risk: You may incur losses if the trader you follow makes poor decisions.
• Fee Structures: Understand the fees involved in copying trades.

Tips for Choosing the Best Traders

• Research: Look at a trader’s historical performance and metrics like win rate and ROI.
• Diversify: Follow multiple traders to spread risk.
• Settings: Optimize your copy settings (fixed amount, multiplier, or fixed quantity) based on your risk tolerance.

Remembering these points, you can make the most out of Bitget’s copy trading feature.

Frequently Asked Questions

This section addresses common questions about trading futures on Bitget, offering detailed answers to help you get started and make informed decisions.

How can a beginner start trading with Bitget futures?

As a beginner, you should create an account on Bitget and complete the necessary verification processes. Next, choose your preferred futures trading pair, such as BTCUSDT or ETHUSDT. Decide between a cross or isolated margin mode depending on your risk tolerance. Finally, set up your trade by choosing the amount of leverage and placing a buy or sell order.

How does one use leverage in Bitget futures trading?

Leverage in Bitget futures trading allows you to increase your position size by borrowing funds. To use leverage, select the desired leverage ratio when setting up your trade. For instance, choosing 10x leverage means borrowing ten times your initial capital. Managing risk carefully is essential, as leverage can amplify gains and losses.

What are the fee rates for trading futures on Bitget?

Bitget futures trading fees consist of a maker fee and a taker fee. The maker fee, usually lower, is charged for adding liquidity to the market by placing limit orders. In contrast, the taker fee applies when your order matches an existing order, removing liquidity. Fees can vary based on your trading volume and any promotions Bitget may offer.

How does the trade copier feature work for futures trading on Bitget?

The trade copier feature allows you to replicate experienced traders’ trades automatically. To use this feature, find and follow a trader whose strategy aligns with your goals. Once you follow them, your account will mirror their trades, making learning and potentially profiting from their expertise easier. This feature is valuable for beginners seeking to leverage expert knowledge.

Conclusion

Trading crypto futures on Bitget offers a strategic way to diversify your experience beyond traditional spot trading. The platform is intuitive, providing leverage to enhance trading power and flexibility in various long- and short-term cryptocurrencies.

Key Advantages:

• Leverage: Amplify your trading power without committing 100% of the position’s value.
• Intuitive Platform: User-friendly interface, suitable for both beginners and seasoned traders.
• Flexible Options: Ability to take long or short positions on various cryptocurrencies.

To start trading futures on Bitget, ensure you understand the risks and benefits associated with leverage and futures contracts.

Resources for Further Learning:

• Bitget Futures Trading Tutorial on YouTube – Step-by-step guide for beginners.
• Bitget Crypto Investor Course – Comprehensive training for investors.

Leverage the resources above to deepen your knowledge and enhance your trading strategies. Jump into futures trading on Bitget to explore new opportunities in the crypto market.

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