AMA Recap: CRYPTO MINERS X BITGET

Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralized finance with a 600-strong workforce representing over 38 nationalities. Bitget’s official launch in the crypto derivatives market in June 2019, the platform has become one of the largest crypto copy trading and derivatives exchanges in the world, with the latest round of financing launching the company into a multi-billion dollar valuation. Driven by excellence and creativity, Bitget has launched three first-of-its-kind flagship products — USDT-Margined Futures, One-Click Copy Trade, and Quanto Swap Futures in three years. As a result, Bitget has become the world’s largest crypto copy trading platform, with over 55,000 traders generating close to US$100 billion in transaction value in 2021.

We hosted an AMA session with Bitget on 1st August.

Mr. Ramsy was the host from Crypto Miners and Mr. Samuel was the guest. He shared delightful knowledge and unique features of Bitget Exchange.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to the Crypto Miners Next #Special AMA session With Bitget 🚀

To help us learn more about Bitget, We are lucky to be joined By Mr. Samuel

Samuel:
Thanks for having me

Ramsy | Crypto Miners:
Hello there 👋

Welcome here 🤝

Thanks for joining us today

Samuel:
Thank you once again

My pleasure to be here

Ramsy | Crypto Miners:
How are you doing today mate?

Samuel:
I’m very well, thank you

Trust you all are

Ramsy | Crypto Miners:
Yes we are 👍

I’m pretty sure that our Community is very much excited to learn more about Bitget ✌️

So let’s get started if you’re ready!!

Samuel:
Good to know

Born ready

Ramsy | Crypto Miners:
Q1. First, can you tell us a little bit about your management team and Bitget?

Samuel:
Before we start the AMA I would like to take this opportunity to highlight that we have set up a special giveaway for the Crypto verse community. Every member can earn upto 50 BGB tokens which roughly equates to an amount of 8 USDT. Please follow the steps given in the following gleam events. It’s a gift for you guys. https://gleam.io/competitions/ydc7r-bitget-x-crypto-miners-ama-giveaway

Also please join Bitget Africa (https://t.me/BitgetAfrica) telegram group where we host daily, weekly and monthly events and the community is able to earn big prizes.

Ramsy | Crypto Miners:
Don’t miss it guys 🧧

Samuel:
This are our events, you can win some BGB(our native Token when you participate.

First of all, I would like to introduce myself as the Community Manager of Bitget.

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralized finance with a 600-strong workforce.

Over the years, the team has established millions of users. With the growth of the company, the company recently started to launch Spot Trading globally and the Indian market is also one of the upcoming focuses of Bitget.

I believe some of you may have heard of Bitget through its sponsorship with Juventus FC and the CS:GO PGL Major event. And with this, Bitget has taken its brand to the next level and is globally influential, something that even Bloomberg News and other financial news sites have covered. But I believe professional services and products can build better connections with people, not just hanging around in the media.

You can join and learn about Bitget here Telegram: https://t.me/BitgetAfrica , as I said before, we host daily, weekly and monthly events and the community is able to earn big prizes.
Bitget Africa Group.

And also register for the gleam campaign, you can win easy 50BGB (8 usdt) when you finish those tasks. https://gleam.io/competitions/ydc7r-bitget-x-crypto-miners-ama-giveaway

Ramsy | Crypto Miners:
Alright 👍

Thanks Samuel for this fantastic start about Bitget 👌

Samuel:
👍

Ramsy | Crypto Miners:
Now Let’s move to our second question from this segment

Q2: Can you share some information on how Bitget competes with other centralised exchanges?

Samuel:
Sure I’d like to share few numbers to better answer this question -

Our average trading volume is $8.1 Billion
We are ranked top 5 in derivatives trading by volume
We have more than 2 million registered users on our platform
We have a global presence in more than 50 countries
We have a strong team of more than 600 people and we are still growing and hiring even in the bear markets
We are ranked 1st in copy trading volume among all crypto exchanges

Ramsy | Crypto Miners:
Impressive 🚀

Q3: Can you share some of Bitget’s key milestones in development?

Samuel:
I’d love to discuss our Key milestones and partnerships. Following are 2 slides which highlights major milestones and key partnerships we have achieved over the years

Ramsy | Crypto Miners:
This all from sports sector, Is there specific reason for Collaborating with Sports sector?

Samuel:
Sport is widely accepted all over the world, it reaches virtually all human race, hence it is a unique avenue of show casing ones brand to the world

Ramsy | Crypto Miners:
Cool 👍

Q4: Can you share with us your domestic and global expansion plans?

Samuel:
We are working with KOLs across the world to increase our presence and make Bitget the leading crypto exchange.

To make this possible we are hiring seasoned local talents and investing into community building. Couple of months back we hired multiple teams across All continents and regions (Africa, Singapore, USA, Germany, France, India, Pakistan, Vietnam, etc) to grow our presence and make Bitget the leading global exchange and one stop for all the needs of users.

We are currently more than 600 teammates and we expect to grow beyond 1500 within this year. The management team firmly believes that to grow business we need the best talent and we are ready to pay the price/overpay for the best talent.

Ramsy | Crypto Miners:
Glad to know ❤️

Q5: You mentioned you are at top in copy trading volume. Could you please explain to our community what is copy trading and how can they benefit from it?

Samuel:
Thank you

Copy trading refers to the trading that investors copy or follow other investors (commonly known as professional traders/ experts) to have the same positions as the experts they are copying. For investors, copy trading is easy to operate and transactions can be carried out automatically and instantly.

Copy trading was born out of mirror trading in 2005. Initially, investors shared their trading history, allowing others to copy their trading strategies. This scenario formed a social trading network. As the financial market fluctuates intensely, lots of trading platforms start to enter this field to realize second-speed copy trading by developing software systems.

Copy trading is focused on short-term trading, especially for day trading and swing trading strategies. Therefore, copy trading can apply to the Foreign Exchange Market as well as the Crypto Market.

As a leading crypto derivatives trading platform, Bitget has dominated the leading position in the crypto market with multiple product innovations, covering more than 2M registered users from 40+ regions since our launch in 2018.
Launched in 2020, Bitget’s One-Click Copy Trade makes contract trading easier than ever before. So far, Bitget has 12K+ professional traders, with 380K+ followers.

Our traders have earned over US$100M in total income, while our followers have collectively made over US$120M. Thanks to its user-friendly design, transparency, and a ‘win-win’ trading environment between traders and followers, Bitget has become the world’s largest digital copy trading platform in terms of scale.

Ramsy | Crypto Miners:
I think the communist will get a Clear information about Copy Trading with this

Now let’s hear our last question from this segment

Q6: I heard that Bitget has a Launchpad. Could you please tell us more about it and how can our community benefit from it?

Samuel:
Launchpad empowers investors to get early bird access to promising new crypto projects before listing.

Bitget revamped Launchpad in 2022 to give users even better features during Launchpad events. Unlike other Launchpads, Bitget Launchpad allows users to gain new tokens in more than one way.

Please refer to the following slide for more information -

Ramsy | Crypto Miners:
Thanks Samuel for this well detailed introduction about Bitget:)

And that’s the wrap up of our the first part of the AMA session ✅

Samuel:
my pleasure

Ramsy | Crypto Miners:
Let’s now proceed to our Twitter Questions section

i hope you’re ready for that!

Samuel:
Yes please

Segment 2️⃣: Twitter Questions

Ramsy | Crypto Miners:
Q1:Bitget’s goal is to provide an easy-to-use, simple and transparent trading experience for all its users, while of course maximizing profits as much as possible. So why is Copy Trading one of the most emphasized features on your platform? Do you carry out events of this type?

Samuel:
Not everyone has the desired trading knowledge to trade derivatives markets. I’m sure you’ll relate to this.

We wanted to make derivative trading accessible and easy for everyone. So with our Copy trading feature one can trade in derivatives markets by few clicks without having any knowledge for the same.

Our traders have earned over US$100M in total income, while our followers have collectively made over US$120M. Thanks to its user-friendly design, transparency, and a ‘win-win’ trading environment between traders and followers, Bitget has become the world’s largest digital copy trading platform in terms of scale

Ramsy | Crypto Miners:
Q2:Does it required for $BITGET users to complete or passed the KYC process? Do you have restrictions that are similar to other top exchanges like as Binance, like limits on withdrawal amounts for clients who haven’t completed KYC? If so, could you inform us about the limitations?

Samuel:
KYC is not mandatory but if you verify yourself you have a higher withdrawal limit.
Total Daily Withdrawal Limit:
Users without ID Verification:Value up to 20 BTC
Users with ID Verification:Value up to 200 BTC

We encourage our users to get KYC done as this helps them to better protect their exchange account. For example if you lose your mobile which has the 2fa in it, we can easily verify if you are the account holder if you have done KYC and assist you quickly and get the challenges resolved

Ramsy | Crypto Miners:
Q3:How does #BitGetGlobal encourages it’s users to trade responsibly and mindfully with the help of risk management strategies and it’s applied functionalities? Also, why should I choose Bitget’s USDT-Margined Futures? What’s so different about it?

Samuel:
We have multiple tools and resources at disposal for our traders. They can set stop loss, take profit and various other types of orders to better manage their positions.

Also we host multiple training events where we train our community on risk management and how they can use Bitget’s features to better manage their trades and positions

A USDT-Margined Contract uses USDT as margin for position opening and settling P&L. Bitget is the first derivatives exchange in the industry to support USDC as a margin.

Bitget launched the first USDT-margined futures product in the crypto industry, and became the first trading platform in the world to have both USDT-margined and coin-margined futures by April 2021.

Ramsy | Crypto Miners:
Q4:What is your top priority for 2022? Can you and your team members share a bit about the strategy that will implement in the near future? What makes the team feel confident to win in the long run ?

Samuel:
Our goal for 2022 is to expand our presence globally, hire seasoned talents from across the globe and make sure we are known in every corner of the world.

We are investing heavily into expanding our business operations. At a time when most of the exchanges are laying off, we are growing and still hiring and intend to hire 1000+ people this year.

We want to provide opportunity to people from all over the world to be a part of this revolution and invest into the future which is crypto currencies

Ramsy | Crypto Miners:
Q5:One point why crypto investors would like to invest in your platform is because of the rewards for token holders. So, can you give more information about these advantages or benefits that holders of your token would get by holding it for the long term?

Here is our last question from Twitter

Samuel:
BGB is Bitget’s native token, which empowers the entire Bitget ecosystem with various benefits and helps customers gain wealth and enjoy better trading services. BGB token have the following Use cases

• Get trading fee discounts
• Earn Launchpad privileges
• Participate in GroupCoin
• Participate in Vote to List
• Earn in BGB Earn

We have planned the utility of BGB in such a way that it’s value increases over time. We are pretty bullish on BGB because of the use cases the token has.

Basically one can invest into Bitget by buying BGB as BGB is giving a lot of ROI
We are spending heavily on Branding as well, so it’s an opportunity for those who are just getting to hear about us

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

Samuel:
👍

Ramsy | Crypto Miners:
Now Moving on to our last segment — Live Q&A

Shall We Go mate?

Samuel:
Lets go!!!

Ramsy | Crypto Miners:
lets see it,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Steffi Reguera🎀:
I read that #BitGetGlobal has an airdrop event on its website. Is your airdrop event still open for participation? If so, how can we join and what are the requirements to qualify?

Samuel:
The airdrop is open for participation, when you register an account with us, you are entitled to some Bonus as long as you meet all the conditions stated

For new members who currently don’t have a Bitget account , you can register an account using this Link: https://www.bitget.com/en/expressly?languageType=0&channelCode=bgchengjie&vipCode=6ny0

2) CHUKKY:
Hello Samuel, please how can i join copy trading on Bitget and what are the requirements?

Samuel:
You need to register a Bitget Account, Deposit a minimum of 10USDT worth of Asset into your Futures account, then you are good to start.

You can register using: https://www.bitget.com/en/expressly?languageType=0&channelCode=bgchengjie&vipCode=6ny0

3) Amina Peter:
The Biggest problem with most Centralised exchanges is poor customer support service and not taking suggestion and feedback from the community. So How has BITGET got solution to this? Do you listen to your customers advice and suggestions?

Samuel:
We have excellent Customer service representatives, the are willing to serve you anytime, we are available 24/7

The good part is they are able to serve you in most Languages

4) Prashant:
Nowadays, So many problems in crypto exchanges while the market is too volatile the exchanges get shutdown, price fluctuation and as well as runaway. So, Can you tell us the strategy of Bitget to deal with such problems? Why should I choose your platform and is it reliable enough?

Samuel:
With our Protection fund, We are ready and prepared as we have the capacity to meet all these situation if they arise

You can refer to these article for details

https://independent.ng/bitget-launches-200m-protection-fund-to-rebuild-traders-trust/

https://bitcoinist.com/bitget-protection-fund-launches-during-crypto-winter-to-rebuild-traders-trust/

5) Adoption is a challenge for any blockchain project, especially in this sensitive period of the entire market when many blockchain projects die because only a few are using their platform. What is your team’s strategy and vision on this issue?

Samuel:
First of all, for a project to be listed on our exchange, we must have done our feasibility studies to know the quality of the project.

The BGB which is our native token can also be used in voting on our platform for a project to the listed. the more the vote a project gains the likelihood of it being listed on our excahange

*This segment ends here*

Ramsy | Crypto Miners:
Thankyou so much Samuel For your valuable answers and information about Bitget ❤️

Samuel:
Thank you so much for having me, it’s been a pleasure

Thank you all for joining

Because of time, we are unable to take all questions, please join our TG Community, there you will also have access to all the information you need about Bitget

TG: https://t.me/BitgetAfrica

Many Thanks🙏

Ramsy | Crypto Miners:
We Wish all the very best for Bitget And The Entire team behind the Platform ❤️🤝

Samuel:
Thanks

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