Bitget Fee Guide | Copy Trade Fees And How To Make Them Cheap

Do you know an overseas cryptocurrency exchange called Bitget (bit get), a topic where you can trade copy? Bitget is a cryptocurrency exchange founded in 2018. The copy trading system allows you to use the trading methods of excellent traders. It is one of the cryptocurrency exchanges that is attracting a lot of attention now.

Many people want to trade with Bitget (bit get) that can trade copy. In this article, I'm writing about the given two points in detail.

  • Explanation of various fees
  • How to make a fee cheaper

By reading this article, you can make trades at a low cost and advance the exchanges advantageously.

Let's make a difference to other traders who are using Bitget!

  • Go to Bitget's official site: This site only 10% off transaction fee semi-permanently and bonus campaign holding that can receive up to $565

Features Of Bitget

Here, we will introduce the features of Bitget (bit get). Bitget is characterized mainly by the following three main features.

  • Copy trading available
  • Adopts a zero cut system
  • Quant swap available

Let's take a closer look.

Copy Trading Available

Bitget (bit get) is available for copy trading. Copy trading is a system that allows you to trade the same as a professional trader registered with Bitget.

Professional traders' grades are public. So even if you've never traded cryptocurrencies before, you can make a profit continuously by finding a good trader.

Zero-Cut System (No Further Proof)

Bitget uses a zero-cut system. A zero-cut system is a system that prevents losses of more than the amount invested.

If the loss amount is more than a certain amount, a loss cut is automatically performed, so you don't have to worry about being charged for an additional margin, called additional evidence.

Why don't you often hear that you've made debts from bitcoin losses? If you have a zero cut system, you can trade without worrying about creating debt.

Quant Swap Available

Bitget can use quant swap.

Quant swap is a feature that allows a single currency to be used as a margin for multiple currency pairs.

Exchanges that do not employ quant swaps can only use the same currency pairs as the coins used as margin. So, if you are using BTC as margin, you can trade only BTC currency pairs, and if ETH is used as margin, only ETH currency pairs can be traded.

However, on exchanges that allow quant swap, it is possible to purchase ETH currency pairs even if BTC is used as margin. Quant swaps are currently only available in Bitget, so use them effectively to take advantage of your trades.

Bitget Fees

Next, I will explain the fee of Bitget (bit get).

The table below briefly summarizes the fees charged with Bitget.

Spot Trading Fees maker:0.2% and taker:0.2%
Fees For Futures Transactions maker:0.4% and taker:0.6%
Copy Trading Fees Futures Fee + Profit Sharing Fees
Deposit Fees Free
Withdrawal Fees Depending On Various Currencies

The above is a list of fees that come in charge of Bitget.

Spot Trading Fees

First of all, I will explain the fees for spot trading. Spot trading is a transaction (physical transaction) that actually purchases virtual currency. Cryptocurrencies purchased in spot trading can be transferred to other exchanges to withdraw money or make cryptocurrency settlements.

Spot trading is a transaction (physical transaction) that actually purchases virtual currency. Cryptocurrencies purchased in spot trading can be transferred to other exchanges to withdraw money or make cryptocurrency settlements.

The fees for spot trading are as follows:

maker (limit order): 0.2%

taker (line order): 0.2%

The fee is 0.2% for both maker and taker. Even if it is said that it is 0.2%, it may not come to the pin.

Here's an example of a fee.

Example: 100,000 yen when

Purchasing BTC worth 100,000 yen in spot trading × 0.2% = 200 yen

If you purchase 100,000 yen, the fee will be 200 yen.

Fees For Futures Transactions

Next, I will explain the fees for futures trading.

Futures trading is a transaction that decides to close at a specific price in the future. It is so-called leveraged trading.

The fees for futures trading are as follows:

maker: 0.04%
taker: 0.06%

Since it is a little difficult to calculate fees for futures trading, I will explain using examples.

Example:BTC price: 7 million yen
Number of purchased sheets: 1 sheet
One sheet unit: 0.001 BTC
Leverage: 10 times
Trading with maker

  • Volume calculation formula: market price× number of purchases× × leverage multiples per unit

7 million yen × 0.001×10 =70,000

  • The calculation formula for transaction fees: volume × fees

70,000×0.04% = 280 yen

Hence, the transaction fee is about 280 yen from the calculation formula.

Copy Trading Fees

Next is copy trading. As I mentioned earlier, copy trading is a system that can perform the same trades as professional traders.

The fees for copy trading are as follows:

  • The calculation formula for copy trade fees is the futures trading fee + profit sharing ratio.

The profit share ratio is the ratio of profit to be passed to the trader who was allowed to copy trade when a profit comes out.

For example, if the profit share is 10%, you will pass 10% of the profit you made to the trader who copied it, and the remaining 90% will be your profit.

Let's also use the example of the fee for copy trading.

Example:
BTC price: 7 million yen
Number of purchased sheets: 1 sheet
One sheet unit: 0.001 BTC
Leverage: 10 times
Profit-sharing ratio: 10%
Profit: 10,000 yen
Trading with maker

If you calculate the fee for futures trading, the fee will be 280 yen. And since the profit is 10,000 yen and the profit sharing ratio is 10%, the money to pay to the trader is 1000 yen.

The fee is
280 yen + 1,000 yen = 1,280 yen

The money that ultimately benefits you is
10,000yen - 1280 yen = 8,720 yen

Thankfully, you can make money just by imagining trades. Copy trading also makes you study trading because it imposes the method of a person who is good at trading.

If you can also make a profit and study trading, it is two birds with one stone!

Deposit Fee

There is no deposit fee.

However, since it is necessary to send money from a domestic cryptocurrency exchange to Bitget (bitget), a domestic cryptocurrency exchange remittance fee is required.

GMO coins are recommended for sending money from domestic cryptocurrency exchanges. GMO coins have a free remittance fee so that you can send money very much to a discount.

Withdrawal Fee

Bitget withdrawal fees vary in price depending on the currency.

The following table summarizes the fees for significant transits.

Currency Commission
BTC 0.0006BTC
ETH 0.006ETH
LTC 0.001LTC
EOS 0.1EOS
XRP 0.1XRP

Bitget's official site, you can see the full version of the withdrawal fee form.

How To Reduce Bitget Trading Fees?

Finally, I will show you how to reduce bitget trading fees.

It is possible to reduce it by up to 30%, so please read it to the end and try it.

There are two ways to make it cheaper:

  • Redeem BGB coins
  • Use the invitation code

Let's take a closer look at these two.

Use BGB

First of all, it is possible to reduce the fee for spot trading by using BGB.

BGB is a virtual currency called Bitget token issued by Bitget. If you buy BGB and pay the fee in BGB, the fee for spot trading will be lower.

The table below shows a comparison between using BGB and when BGB was not used.

When BGB in Not Used When Using BGB
Spot Trading Fees maker:0.20% and taker:0.20% maker:0.14% and taker:0.14%

Pay BGB as a commission and save 30% on spot trading fees. when trading spots, I would definitely like to use bgb to advance the transaction.

Use The Invitation Code

When you register with Bitget, you can lower your transaction fee by entering an invitation code from an acquaintance. Note that this invitation code cannot be used if you register with Bitget.

Since this site also issues an introduction code, the transaction fee will be lower if you register with Bitget (bit get) from the link below. Please take advantage of it by all means.

Summary

Let's increase the funds efficiently by cheapening the fee!

This time, we summarized various fees for Bitget (bit get). The amount of the fee is significant in making a trade.

Of course, if you trade where the fee is high, you will lose the fee. So, let's trade with reduced transaction costs by making full use of methods to reduce the fees introduced on this site.

If you are thinking of raising the flag at an overseas cryptocurrency exchange, please open an account by all means.

About Author

Naoya Shimura

Asset management consultant for the wealthy. With 10+ years of project investment experience in the trading industry, financial industry, gaming industry, and IT industry, he provides various consulting services around the world. Serving as a director of an energy development company, responsible for asset operation and coordination of business cooperation with government agencies of various countries. And operate leading companies in Japan and Singapore.

3 Comments

Easy to use for a beginner like myself. The best function is copy trader

Amazing site, and have gained quite detailed information about Bitget... And I have learned quite a lot of things. Informative guide for a beginner like me.

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