RECAP AMA RED CRYPTO x Bitget

AMA will have 3 segments :
1. Introduce question about Bitget
2. Answer the 10 question from google form
3. Live AMA, Free post question

PART 1

Host: Can you introduce yourself and your role in Bitget?

Leslie — COO Bitget Global: I am Leslie, I joined in Blockchain field in 2012. After that I have managed some projects as well as established first LTC cloud mining pool in Singapore. And currently I am the COO for Bitget Global. My role is to manage and oversee Bitget global operations, and to promote Bitget to users around the world.

About bitget:

Bitget is a world-renowned crypto derivative trading platform, providing 24-hour professional digital asset trading services to the world. It was founded in 2018 and headquarters established at the Asian financial center of Singapore. The team consists of a world-class financial team and aims to create the most professional and secure new exchange in the world.

Host: What are the differentiators of Bitget?

Leslie — COO Bitget Global: Bitget is focusing on derivatives trading, so all our system infrastructure, security, risk management control etc are all specially target for derivatives trading, no system overload in Bitget.

Bitget has trading pairs of both USDT and inverse contracts, so traders can trade efficiently and reduce their risk in the highly volatile markets. Also, long /short both directions can be opened for the same trading pair.

And we are honored that we have the embedded “Copy Trade “Function at Bitget now. “Copy Trade” allows user to copy the trade strategy from Elite Traders on Bitget. It is user-friendly to those without or primary contract experience, user can select multiple preferred Elite Traders, and follow them to automatically synchronize their trading behaviors to achieve profitability just by one click, no more keeping eyes on market.

Bitget’s Elite trader program can help good trader to monetize their trading knowledge and skills. By referring below picture, Bitget offer highest profit rewards to Elite traders, they can get 10% from the followers’ profit, as well as commission rebate.

Host: How many countries does Bitget already have operating licenses in?

Leslie — COO Bitget Global: Bitget has received many licenses, such as the MSB license for the US, MSB license for Canada, Digital Currency Exchange (DCE) License for Australian and currently Bitget have been granted an exemption from holding a license under the Payment Services Act from MAS, Singapore.

Bitget has always insisted on carrying out business in various countries and regions under the premise of legality and compliance, expanding its international strategic territory and achieving global compliance operations. Bitget is committed to becoming a benchmarking platform for global compliance operations in the industry, providing the most compliant, safe and professional digital currency trading services for users worldwide.

Read more here — https://www.bitget.com/en/compliance

Host: Security is one of the most important things. How does Bitget protect user’s asset?

Leslie — COO Bitget Global: Firstly, as mentioned just now, Bitget has been in compliance with policies and continued efforts to regulate operations；

Secondly, we have professional security team, Bitget have the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers. Bitget has also invested a lot in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.

You can go to https://www.ssllabs.com/ssltest/, key in bitget’s domain (www.bitget.com) to check.

Host: Where if I want to know more about Bitget?

Leslie — COO Bitget Global: Twitter — https://twitter.com/bitgetglobal

Facebook — https://www.facebook.com/BitgetGlobal/

Medium — https://medium.com/bitgetglobal

Reddit — https://www.reddit.com/r/BitgetGlobal/

YouTube — https://www.youtube.com/channel/UCA8wRGXdnCEp6Yw3uxVdv6w

Global Telegram Group — https://t.me/bitgetEN

Vietnam Telegram Group — https://t.me/bitgetVN

Telegram Channel — https://t.me/BitGetChannel

Host: For the copy trading system there are several other exchanges that are starting to implement features like this in their exchanges, are there other advantages possessed by the bitget system? and are there certain conditions for using this trade?

Leslie — COO Bitget Global:

No conditions to use Copy Trade, no need KYC as well.

PART 2

1.(from UID 5766487044/ @QuyenCao93）

Derivatives futures and swaps are very difficult, especially for newbies? What is Bitget’s plan to grow the community and attract users?

Leslie — COO Bitget Global: Yes, it is a bit difficult for new players, that’s why Bitget has Copy Trade to help new player join derivatives trading. It is potentially a superb investment tool even for highly experienced traders.

Let me explain a bit more about the advantages about copy trade:

a. We all know that we are not able to watch on chart for 24 hours, we have our lovely family, we got study or work, even when we sleep, we can not do trading, so in another words, our money are fully utilized. So copy trade is enable your bitget account to automatically follow Elite trader, when trader starts to trade, then your account will start also. Regardless you are online or offline.

b. There is no latency for receiving trading signal from someone, copy trade will sync trader’s behaviour without any delay.

c. If you find that trader move to wrong direction, you can close the position at anytime, so copy trade give you sufficient flexibility to safeguard your funds

2. （from UID 2138132978/@Crush00000）

Does the Bitget team have a training and guidance system for newcomers to cryptocurrency? How do you attract and reach them?

Leslie — COO Bitget Global:Yes, we did. Currently we have Bitget Beginners’Class on our website now for some basic explanation.

We plan to to provide some broader topics to expanding the market of buyers for this digital asset by giving them confidence and foundational knowledge of the space. Our intention is to provide new users with more professional trading skills, We are about to launch some training in our telegram group for users who are interested in the contract, and provide some signals as a reference.

We also provide the Tutorial in Vietnam now! You can visit here: https://kenhtrading.com/forums/san-giao-dich.12/

3. (from UID777387685 /@Tai1304040)

Can you list Bitget top 1–3 features to outrun rivals? What competitive advantage does your platform have that you feel most confident about?

Leslie — COO Bitget Global: The advantages are as below:

1. Bitget has already attracted Top companies such as SNK and Nintendo, they invested Bitget as they see a huge potential in Bitget’s future.

– SNK

– Nintendo

– An Lian Capital, Consensus Lab, CollinStar etc.

2. Our technology team includes experts from numerous leading companies. Bitget have the independent research and development of the exchange systems and powerful risk control system,

– Full memory matching, matching engine never overloads with over 100,000 TPS dedicated to every single trading pair

– Horizontal expansion support for server

The database adopts the most advanced 3 off-sites disaster recovery living solution

3. Update and customize products based on market changes

– Contract trading complete loop

– First platform to equip with both USDT and inverse contract

– Excellent liquidity

– App embedded Copy Trade system

– Reasonable index price to prevent early liquidation during volatile market

– No system overloads

4. Invested in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.

– Top security specialist

– Invest more than $1m on security

– SSL level highest ranking A+

– Cold, warn, hot wallet infrastructure to protect funds

5. We care our clients and keep improve to give you the best possible trading experience.

– 24/7 OTC

– 24/7 customer service

– Other platform’s VIP is Bitget’s VIP

6. We have assembled a team of professionals who come from a wide range of financial and with related crypto experience backgrounds.

– Team members are from top-tier companies like JP Morgan, Alibaba, Google, Binance, Huobi and Okex.

Above are the advantages ,for how we attract users,I think is we provide embedded Copy Trade function on our platform .This function provide the win-win solution for both users and traders.If the user unexercised can follow the Elite Traders’ strategies with one click ,the trader can earn the profit rewards from the follower’s profit .

4. (from UID8664830604 / @cailozcatkhong)

Bitget has 2 types of contracts: “Real Trading” and “Simulation”. So, let me ask what are the differences of these two types of contract? Can you share with us?

Leslie — COO Bitget Global: Real Trading means USDT and inverse swap contact. USDT forward contracts are contracts with margin of USDT. So, you can deposit USDT and trade contracts of BTC, ETH or other cryptocurrencies with up to 100x leverage. USDT contracts are great as users can quickly make leveraged trades of any currency, they like with USDT.

Forward contracts are really easy to understand, and really easy for users to calculate their profit/loss on the trade. Surprisingly a lot of big contract trading platforms still don’t have forward contracts.

Inverse contracts are the opposite. Users deposit BTC, ETH and other cryptocurrencies and trade contracts against the USD with up to 100x leverage. Due to the non-linear nature of inverse contract payouts, it is much safer for traders to use inverse contracts when shorting a cryptocurrency against USD.

Simulator is simple, people can practice their trading skills in simulator mode, market data in simulator are linked to real data. All user can have 5000 USDT and 0.5 BTC to play simulator.

5. (from UID 8664830604 / @cailozcatkhong)

For any Cryptocurrency exchange, Security, Liquidity & Adoption are very important ! So, Whats your solution on these major problems ? How BITGET Exchange ensures Security of user funds, and bring liquidity in exchanges ?

Leslie — COO Bitget Global: Firstly, we provide excellent liquidity and the first platform in the world that has both USDT forward contracts and inverse contracts. Higher liquidity usually creates a less latency in volatile market, several commonly used measures of liquidity are calculated for all three futures contracts, like: Orderbook Depth, Bid-Ask SpreadsTrade Sizes etc. As we mentioned before, daily 5–9K active users and 50+ qual trading team on bitget, the liquidity is excellent.

Secondly, Bitget has also invested a lot in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.

You can go to https://www.ssllabs.com/ssltest/, key in bitget’s domain (www.bitget.com) to check.

Bitget provide world-class risk control system with professional distributed system architecture; Utilizes hybrid hot/cold wallet systems+Multi-signature technologies, Comprehensive protection of assets and security of transactions.

6.(9468153102 / @dragon556)

What is the vision of Bitget ? Which markets are you focusing on?

Leslie — COO Bitget Global: Bitget start to expend to the market this year, I thinks most traders are looking for ways to improve their trading strategis and maximize their profit.so we launched “Copy Trade”this year . The slogan for Bitget is Easy to Get Easy to Exchange. We have more than 91K users and 5K daily active users ..our vision is provide users fairly, professional and reliable platform .we will focus including Copy trade, forward and inverse contract, and stable system, as well as our global compliance operations

7. (From UID 425776234 / @hendrasico)

On the Bitget trading platform, where will Bitget get the chart/candlestick data, is this really fair?

Leslie — COO Bitget Global: You may have noticed that, there are only 7 trading pair for USDT contract, and 6 pairs for USD contract, and they all mainstream coins like BTC, ETH, LTC, XRP, BCH etc. The key reason we only listed those coins is that they are very difficult to manipulated, and Bitget takes spot data from world’s top exchanges including Binance, Bittrex, Okex, Gemini, Huobi, Coinbase. So the chances to manipulate market in above exchanges at the same time is almost 0, the data should be fair enough.

8. (from UID 728183069 / @endtimeprophet)

Bitget partners with AutoviewExt, please what’s the importance of this partnership and how can I automate my trades?

Leslie — COO Bitget Global: Bitget officially reached a strategic cooperation with Autoview, the top-tier automated trading provider of digital currencies on 5-Aug. This is a very significant signal that the Bitget continues providing users with better products and services.

Autoview is an extended application based on Chrome. It supports users to customize trading strategies and set Tradingview’s strategy alerts. After triggering, it will automatically send instructions to the exchange and complete related trading operations. Users will be able to register and place orders directly in Autoview, allowing you to convert Tradingview alerts into transactions on Bitget, which is convenient for users to respond to strategies in the first time.

Read more about how to use Autoview here：

9. (from UID 5931469638 / @Trumcrypto)

Does I need KYC to join all of the great features in Bitget?

Leslie — COO Bitget Global: No, KYC is not needed to enjoy the great features in Bitget including Copy Trade. Only if you wish to join Elite Trader, you have to complete KYC.

10. (from UID 7712722441 / @luckydraw66)

Community support is an extremely important factor for all projects, so what made you decide to choose RED CRYPTO Community to host AMA and what do you expect the most from this AMA?

Leslie — COO Bitget Global: To develop SEA market is one of Bitget’s strategy move, we have setup a team and an office in Hanoi. We will work with Red Crypto to offer the community more trading opinions, and get special campaigns for Red Crypto members. We are entering the Southeast Asian market and provide localized service to the users.

PART 3

1. @cailozcatkhong As a new comer, which steps will be the easiest way for a random person to start copy trading on Bitget ? Which conditions and requirement does it need?

Leslie — COO Bitget Global: As a new comer for copy trade, picking an elite trader is the most important part. We have multiple dimensions for you to consider a trader. Besides this, you also have the flexibility to adjust the leveraging, choose margin mode etc. Copy trade has no KYC requirement.

2. @Agz18 What is the different of regular trader and elite trader?
What’s the requirements to become elite trader?

Leslie — COO Bitget Global:
Bitget’s Elite trader program is part of Copy Trade system, it can help good trader to monetize their trading knowledge and skills.Bitget offer highest profit rewards to Elite traders, they can get 10% from the followers’ profit, as well as commission rebate.
Bitget’s Elite trader program is part of Copy trade eco system, it can help good trader to monetize their trading knowledge and skills.If you are the Elite Trader on Bitget, we will provide huge traffic to you, then you can monetize your trading skills and experience, as Elite trader can get 10% profit from all his followers.The no. of followers is based on the total equity in Elite trader’s contract account, you can refer to the table below.

The profit for Elite trader:
1. Own trading profit
2. 10% profit from his followers
For more info and application: https://bitget.zendesk.com/hc/en-us/articles/360042946791-Bitget-Elite-Trader-Recruitment-Program-

3. @Hendrasico As a Cryptocurrency Trader, Trading Liquidity, & Trading Fees are very important for me! So, Can we Expect sufficient Liquidity in BitGet Exchange for Trading? How BitGet Exchange Generates Liquidity in it’s platform for Trading & Attracting Traders?

Leslie — COO Bitget Global: Yes, you can expect sufficient liquidity in Bitget. We have 50+ qual trading team daily on Bitget, and active user around 5–9K, in addition, there are 3 market makers to assistant to provide liquidity. You can refer to TokenInsigt’s Q2 liquidity report, Bitget ranked no. 4 worldwide.

4. @Sangdz Security is really important and valuable by users these days. Did you mention Bitget security measures? How is your platform protected from hacking?

Leslie — COO Bitget Global: Bitget has invested more than 2M USD in security since Nov 2018, ensuring exchange security and user security as an important feature.There are exciting possibilities for Bitget as a valuable platform for security professionals to protect users funds and personal information. Bitget provide a robust and strong cybersecurity solution and high level of privacy protection. Focused on some specific cybersecurity disciplines to maintain simplicity: backup and recovery, threat intelligence and content delivery.

Bitget provide world-class risk control system with professional distributed system architecture; Utilizes hybrid hot/cold wallet systems+Multi-signature technologies, Comprehensive protection of assets and security of transactions.

5. @HeRmAwAnTrAdEr Marketing is the leading factor that help the project thrive. So what is your strategy to attract New users and Trader to Bitget in the long term?

Leslie — COO Bitget Global: Yes I totally agree your point. Our marketing and operations are actively planning marketing campaigns almost week every or bi-week. Stay tuned in our social media, or join our telegram group for latest marketing offer.

Global Telegram Group — https://t.me/bitgetEN
Vietnam Telegram Group — https://t.me/bitgetVN
Facebook — https://www.facebook.com/BitgetGlobal/
Twitter — https://twitter.com/bitgetglobal
Medium — https://medium.com/bitgetglobal
Reddit — https://www.reddit.com/r/BitgetGlobal/
YouTube — https://www.youtube.com/channel/UCA8wRGXdnCEp6Yw3uxVdv6w

We also partner with Vietnam local communities to launch marketing events, online and offline.