The cryptocurrency industry, as well as the need for the exchange, is fast increasing. If you’re seeking the finest exchange for spot and derivatives trading, look no further. Bitget Exchange is among the top five global contingent exchanges. This is one of the most rapidly expanding crypto swaps trading platforms available.

Let’s read about Bitget Exchange features, trading tips, advantages and pitfalls, and even more.

Overview of Bitget Exchange 

With 1.6 million registered members globally, Unicorn has 1.6 million registered users, a 24-hour trading volume of $5.6 billion, and a market capitalization of $1 billion. It has amassed a sizable user base in a relatively short period of time.

 Bitget is one of the fastest-growing cryptocurrency trading platforms in the markets. The platform seeks to provide global customers with liberal, ultimate, and fair trade, in keeping with the motto of Better Trading Better Life. Bitget crypto exchange’s first sleeve partners are Galatasaray, Turkey’s most successful football team, and Juventus, the Italian great power.

In 2018, it was first introduced. Singapore is home to Bitget’s headquarters. Sandra Lou is the CEO of Bitget, while Intae Song is the Chief Sales Officer.

About Bitget Token (BGB) 

 Bitget’s native token. Use the BGB token to pay transaction fees and receive a 20% fee reduction and a 15% discount on futures. The total number of BGB tokens issued is 2,000,000,000. Trading and keeping BGB tokens has a number of advantages for investors.

Bitget’s Unique Bits

If you’re looking for a new cryptocurrency trading platform, Bitget has a variety of options to explore.

• Bitget crypto exchange charges only 0.1 percent on all spot market deals for both makers and takers, matching the industry leader Binance. If the fees are paid in Bitget’s BGB token, the fees can be decreased to 0.08 percent.
• Bitget users can mimic other traders’ methods for free on the platform. Users can follow any trader for free and begin replicating their actions and portfolio as long as the trader does not have their maximum number of followers (which is based on their account equity). Traders can earn up to 8% of their followers’ profits, providing an incentive for them to deliver decisions that can be made.
• Many other exchanges do not support a wide range of small market coins, but Bitget does. Bitget crypto exchange is therefore appealing to customers who want to bet on newer, smaller market holdings.

What Can You Get on Bitget?

Bitget accepts a large number of crypto coins and tokens, having a total of 184 at the time of writing. While they have a lot of small-cap tokens, they lack significant assets like Terra (LUNA) and Cardano (ADA). The following are some of the assets accessible on Bitget crypto exchange :

• Bitcoin (BTC)
• Ethereum (ETH)
• Fantom (FTM)
• Avalanche (AVAX)
• Solana (SOL)
• Ripple (XRP)
• Litecoin (LTC)
• Polygon (MATIC)
• Decentraland (MANA)
• Enjin Coin (ENJ)
• Zcash
• Sushi
• Atom

What are the Bitget Charges?

On the spot market, Bitget charges a flat 0.1 percent trading cost for both maker and taker deals, which is quite competitive. If the trading fees are paid in Bitget Token, the fees can be decreased to 0.08 percent (BGB). Bitget’s spot market fees are comparable to those of Binance. There are no discounts on futures trading fees, which are 0.02 percent for makers and 0.06 percent for takers.

Bitget has reasonable cryptocurrency withdrawal costs, albeit there are withdrawal minimums. Withdrawals cost 0.0006 BTC, which is a minimal charge when compared to other exchanges. Withdrawal costs for ERC-20 tokens are the highest. Cryptocurrency has no deposit fees.

Bitget Supported Countries

Bitget operates in 40 + countries including the USA, South Korea, Brazil, Japan, Nigeria, Russia, Spain, Turkey, Indonesia, India, and Ukraine.

Bitget Restricted countries

Singapore, Mainland China, Hong Kong, Macau,North Korea.

Bitget’s Mobile App

Bitget is now available for download from the Google Play and Apple App Stores. Bitget developed its own software to ensure the highest level of security and smooth trade. You can trade at any time and from any location. The file size limit for IOS users is 125.9 MB. IOS 10.0 or higher is required. This film is rated 4+. The file size for Android users is 45 MB. Android 5.0 or higher is required. The rating is 3+.

Is Bitget a secure platform?

Yes, Bitget is completely secure. They are licensed to operate in Canada, Australia, and the United States. They keep user funds separate in hot and cold wallets.

According to their webpage, SSL Labs has given them 12 A+ ratings. We performed the same SSL test on their site and received an A+ as well. The exchange, too, has never been hacked. Before depositing funds onto the exchange, users must establish two-factor authentication.

Advantages:-

• Offers a wide range of trading possibilities.
• CoinMarketCap and CoinGecko were used to compile this list.
• Has a variety of licences.
• Futures trading platform with a demo mode.
• API-based trading is supported.

Drawbacks:-

• Professionals are exposed to a high level of risk.
• Because Bitget has so many functions, it may be confusing to beginners.
• Crypto is only a deposit and withdrawal method
• Missing a few major assets
• Lesser-known exchange

Final Verdict 

Bitget collaborates with the world’s greatest brands in sports and eSports, including Juventus, the Italian football club, and the PGL, the Global eSports League. It is widely regarded as one of the greatest crypto speculative trading platforms in the world. Bitget’s motto is “Better Trading, Better Life.”

Bitget Exchange is a new cryptocurrency platform with a large number of partners and a robust social engagement. Because of its innovative technologies and dedicated futures and options platform, the exchange distinguishes out as a one-of-a-kind exchange.

Also Read: List of Regulated Best Crypto Exchanges

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Harmony (ONE) had suffered a major sell-off at the start of April. The coin in fact hit the lowest level since the tail end of February and was looking bearish. But so far, it seems like the token is rebounding. How long can this uptrend last? Learn more below but first, here are key takeaways from the article:

• Harmony has managed to maintain strong support at $0.1130 in recent weeks.

• The coin has surged by 6% in the last 24 hours albeit it remains 10% down for the week.

• The rally over the last few days seems unlikely to last that long.

Data Source: Tradingview 

Harmony (ONE) – Why the recent uptrend will fade?

There is a very big difference between a rebound and a trend reversal. When coins go through a sustained bearish period, they are likely to rebound slightly but overall, the bearish conditions still remain. This is the exact case with Harmony (ONE). 

Although the coin has posted some decent gains in the last few days, we don’t expect the medium-term bearish trend to reverse. In fact, ONE still remains well below its 25- and 50-day SMAs. Besides, a look at the chart shows that coin has formed an inverted cup and handle pattern. 

These two indicators suggest that a bearish trend is still expected. Perhaps the good news for ONE investors is the fact that the coin is still trading above the crucial support zone of $0.113. But if this price is breached, more losses will follow.

How to play the Harmony (ONE) setup?

There is a massive downside risk with Harmony right now. The best thing to do as an investor is to watch the price action this week. If bulls manage to maintain the $0.11 support, then you can buy and exit at 20% gains max. 

The potential upside for ONE remains significantly low. But if the support is breached, give it another week to consolidate before you buy.