Connect with us

Telecom

A Step-By-Step Guide to Spot Copy Trading With Bitget

Published

on

bitget
Kindly share this post

Trading has many facets and one of them is taking advantage of the experience of leading traders through a strategy known as copy trading. Considering the growing interest towards risk-minimizing options for trading, similar instruments have been spotted on the market before. Leading cryptocurrency exchange Bitget managed to introduce copy trading in full and make it both accessible and comprehensive to users on a massive scale.

bitget

Enter Bitget

Bitget, established in 2018, is the world’s leading crypto derivatives exchange with a core focus on social trading. The exchange currently serves over 8 million users in more than 100 countries worldwide by providing them with one-stop trading solutions aimed at increasing crypto adoption, and has became the largest crypto copy trading platform.

In early 2023, Bitget took a bold step in opening up the cryptocurrency market to a broader audience of traders by becoming the first centralized exchange in the world to launch a copy trading service for the spot market. The new flagship product, dubbed One-Click Copy Trade, is meant to become an intuitive experience for spot traders and a go-to solution for newcomers into the cryptocurrency market.

What Is Copy Trading?

If put in simple terms, copy trading is the process of literally copying an experienced trader’s strategies and trades. Users who either do not have the time or necessary experience to conduct an in-depth technical analysis to derive their strategies or trading algorithms can resort to the actions of other traders and shadow their trading portfolio to increase the possibility of making profitable trades. Given the fact that most professional traders conduct technical analysis on a routine basis, tapping into their experience is a surefire way of compiling a comprehensive overview of the market situation and potential forecasts on asset price movements.

The given approach not only provides a fast track into trading, but also gives all new players a readymade playbook to follow. The transparency that comes with copy trading also discloses the selected trader’s returns, trading history, applied methods and strategies, and portfolio makeup. Combined with a variety of trading tools like Maximum Investment, Stop Loss and Take Profit options, copy trading is ideal for both novice and experienced traders seeking ways of simplifying and enhancing their trading operations.

Advantages of Copy Trading

One of the biggest advantages of copy trading for beginners is that it provides them with an instant and digested overview of broader market dynamics based on the actions of experienced traders. The ability to track a real trader’s moves and trades illustrates the logic behind every operation. This creates a tentative connection between market movements and human reactions to them aimed at making a profit or safeguarding portfolio assets. The convenience of the approach is further bolstered by the availability of a wide variety of trader strategies on offer, each suited for individual preferences and risk appetites. Add to that the possibility of selecting traders based on individual preferences and filters, and copy trading becomes akin to shopping for expected yields.

The ability to find traders whose actions align with preferred strategies and limit orders saves an immense amount of time that would have otherwise been spent on keeping constant tabs on the market, order books, trading volumes and so on. Elite traders have perfected and nearly automated their strategies to take into account every possible scenario, making copy trading of their actions an ideal option for users willing to both learn from the best and enhance the yield-generating performance of their portfolios.

Key Features of Copy Trading with Bitget

Bitget developed its flagship product with users in mind, ensuring that the onboarding process is as seamless and convenient as possible. The application, both mobile and web-based, guides the user through a step-by-step guide displaying all the key functions and actions necessary to kickstart their trading careers using copy trading.

Among the key features that set Bitget’s copy trading solution apart from similar products are the following:

  • Availability of thousands of verified traders, both experienced and elite with a successful track record, whose spot copy trading strategies are available for users to copy;

 

  • Selection of filters and metrics allowing users to find elite traders with strategies and trades matching their personal requirements, including trading pairs, timeframes, risk levels, ;

 

  • Broad range of available trading pairs and assets to choose from, including BTC, ETH, XRP, BCH and others;

 

  • Trading turned into a social interaction process through the availability of trade insights, educational articles, elite trader profile details, and real-time market updates;

 

  • Wide range of available tools for amplifying copy trading through multiplier mode and other instruments for maximizing profit-making

 

  • Customized risk control instruments for setting stop loss and taking profit orders based on individual risk appetite preferences.

 

  • Direct access to trading knowledge resources via the Bitget Academy and Bitget Insights, giving unique and firsthand looks at the ways elite traders handle their trades.

Starting Up Bitget Spot Copy Trading

In order to start working with Bitget’s copy trading instrument, users first need to register on the exchange and pass all necessary Know Your Customer and verification procedures.

Once done, it’s required to access the ‘Copy Trading’ section and click on the ‘Spot Copy Trading’ button. The section opens with a selection of traders available for copying along with a filter setup based on total equity, transaction history, follower counts and other criteria. Once a trader has been selected based on individual preferences, the user is required to press the ‘Copy’ button next to the trader’s profile and start on their path to copy trading. After agreeing to Bitget’s Terms and Conditions the user is redirected to a settings page where they can tune the selected trading option and customise following of the selected trader’s strategies.

The application allows traders to invest a fixed amount of equity from $10 to $3,000 once the selected trader responds to the request. A multiplier from 0.1 to 20 can also be set to select a proportion of the trader’s order. The page also provides users with the ability to access the ‘Risk Management’ section and adjust take profit, maximum investment, stop loss and take profit limits. Experienced traders looking for fine-tuning individual trades and more customized options, can use the ‘Advanced Settings’ section.

Once all the adjustments have been made, users need to press the ‘Follow’ button to start following the selected trader. On the profile page, traders can also find the ‘My Copy Trades’ section that gives a detailed overview of their orders and the traders they are following. The section gives users the opportunity to adjust every open order and how they are followed.

That’s it, the copy trading option has been successfully launched and users can now watch their copy trading in action.

How to Find a Trader to Follow

Finding a trader to follow is not always an easy task for a number of reasons. First, there are hundreds of successful traders posting their trading strategies on the platform, each with their own advantages and shortcomings. As such, novice traders should pay special attention to a number of key criteria that can help them identify a trader whose strategies best suit their expectations for successful trading.

First and foremost, consistent gains over the long term are a surefire sign of a successful trader. Truly keen traders with a special connection to the market’s vibe retain high performance throughout bearish and bullish markets alike.

The second key factor is risk appetite. All traders apply risk management in one way or another, however, some have a higher risk tolerance threshold than others. The higher the risk – the higher the potential for profits, but so is the possibility of losses. Users should always take a pragmatic approach to risks based on their own preferences and never chase high-profit indicators at the expense of prudence.

The similarity of many traders’ strategies should come as no surprise, as the approaches to successful trading can align in many cases for many assets. As such, users should draw a clear distinction between the traders they are considering based on a combination of parameters, and not just one.

The follower count is an important indicator of a trader’s performance, as it showcases both high standards of professionalism in market operations and a conscientious approach towards the interests of their followers.

Novices to copy trading must always bear in mind the fact that even elite traders are humans and their fault tolerance is never zero. Any trading strategy is vulnerable to market changes and no single one should be considered perfect. The risk of losses remains even if the selected trader has been demonstrating consistent performance over a long period of time and users must be prepared to set limits accordingly to minimize potential losses.

Copy Trading – The Takeaways

Copy trading by Bitget is an excellent starting point for novice traders willing to generate yields and learn from elite traders with established trading histories. It is also an opportunity for experienced market players to showcase their performance and gain community recognition. The solution from Bitget provides a convenient and straightforward onboarding experience into the world of trading and provides all the necessary instruments to adjust trades and risks to suit individual requirements.

 

 

 

 

 


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Minister Claims Bandits Exploit Poor Network, Bounce Calls Off Multiple Towers

Published

on

Kindly share this post

Bosun Tijani, minister of Communications, Innovation and Digital Economy, yesterday claimed that bandits and terrorists are able to communicate and coordinate their activities with ease because they exploit gaps in the country’s telecommunications network.

Minister Claims Bandits Exploit Poor Network, Bounce Calls Off Multiple Towers

Bosun Tijani, minister of Communications, Innovation and Digital Economy,

Tijani, who spoke  Politics Today, a Channels Television’s programme, on Friday, Tijani said the criminals exploit gaps in the country’s telecommunications network.

He also claimed the bandits use advanced technology to bounce calls across multiple towers in areas with poor connectivity.

“They weren’t using the normal towers; they bounced calls off multiple towers, which is why they favor areas that are largely unconnected,” he said.

When asked about reports that unregistered or fraudulently registered SIM cards are still in use despite the Bank Verification Number (BVN) and the National Identification Number (NIN)–Subscriber Identity Module linkage policies, Tijani said the issue is technically complex and the reports are not fully verified.

“Whether it’s fact or not, I do not know where you’re getting that from, and I do not know who has evidence that there are people with unregistered SIMs,” he added.

The minister stated that the federal government is investing in telecom towers in underserved regions, upgrading the country’s communication satellites to improve coverage, and expanding fiber-optic networks to strengthen the country’s digital infrastructure.

“If our towers are not working, our satellites will work. Nigeria is the only country in West Africa with communication satellites, and we are bringing new satellites to upgrade their capabilities,” Tijani said.

He added that these initiatives aim to ensure better connectivity for Nigerians while closing loopholes that criminals exploit, thereby enhancing national security.

The minister’s comments come amid rising concerns over insecurity in several parts of the North, where banditry, kidnapping, and terrorism have escalated in recent years.

There are also reports of bandits flaunting ransom payments on social media platforms such as TikTok, raising alarm among authorities and the public


Kindly share this post
Continue Reading

Telecom

CBN, NCC to Launch Short Code for Swift Consumer Complaint Resolution

Published

on

Kindly share this post

Central Bank of Nigeria (CBN) on Thursday announced plans to partner with the Nigerian Communications Commission (NCC) to develop an industry-wide short code for consumers to lodge complaints with financial institutions anytime, anywhere, even without internet access.

CBN, NCC to Launch Short Code for Swift Consumer Complaint Resolution

CBN

Dr Aisha Isa-Olatinwo, CBN Director, Consumer Protection and Financial Inclusion Department, disclosed this at a virtual Consumer Protection Town Hall meeting titled “Ask the Regulator”, organised by Enhancing Financial Inclusion and Advancement (EFInA).

She said the initiative addresses challenges faced by vulnerable consumers using feature phones who often have to visit bank branches physically to report issues amid the convergence of telecom and banking services.

Isa-Olatinwo said the CBN had achieved 94 per cent month-on-month timely resolution of consumer complaints, adding that the apex bank had streamlined processes and partnered with banks to balance consumer protection with financial system stability.

An EFInA poll presented at the event revealed that 61 per cent of respondents experienced failed transactions in the past 12 months, while 26 per cent had reversals within 24 hours and 54 per cent between 24 and 48 hours.

Other complaints included six per cent for fraud, 14 per cent for hidden charges and 15 per cent for poor customer service, with 66 per cent of respondents aware of complaint escalation steps.

President of Consumer Advocacy Foundation of Nigeria (CAFON), Mrs Sola Salako-Ajulo, lamented that consumers often feel unprotected and urged introduction of fraud insurance for instant reversals, shifting the burden of proof from customers.

She said: “What is missing in our system—unlike more developed economies—is fraud insurance, where banks reverse reported fraud immediately, refund consumers, and investigate later.”

Mr Ajibade Laolu-Adewale, Chairman of Committee of e-Business Industry Heads (CeBIH), represented by Mr Adeyemi Salisu, stressed that banks must resolve disputes between acquiring and issuing banks without redirecting customers to merchants.

The short code initiative is expected to enhance financial inclusion by providing accessible redress mechanisms in Nigeria’s evolving digital payment ecosystem.


Kindly share this post
Continue Reading

Telecom

Google.org Backs CyberSafe’s Resilio Africa to Shield 2m People from Cyber Threats

Published

on

Kindly share this post

CyberSafe Foundation, with funding support from Google.org will launch Resilio Africa, a 3-year cybersecurity resilience project that aims at reducing the growing risks of cyberattack in institutions and communities across Sub-Saharan Africa.

Google.org Backs CyberSafe’s Resilio Africa to Shield 2m People from Cyber Threats

CyberSafe

The project will strengthen the cyber resilience of 200 Critical Community Institutions (CCIs) in the region through provision of free technical tools, assessments, threat intelligence and incident response frameworks. With this intervention, Resilio Africa aims to protect over 2 million people and secure more than 15 million public records in Nigeria, Kenya, Ghana, and South Africa, marking one of the most ambitious community-building efforts in Africa’s cybersecurity ecosystem.

“At Google.org, we believe that access to secure digital systems is a cornerstone of inclusive growth,” said Haviva Kohl, Senior Program Manager, Google.org. “Our support for CyberSafe Foundation’s CCI cybersecurity efforts reflect our shared commitment to empowering communities and protecting the institutions that serve them. Resilio Africa will help ensure that essential community organizations can operate safely and confidently in an increasingly digital world.”

Identifying the challenges across sub-Saharan Africa, a brief by CyberSafe Foundation noted that critical community infrastructure in the region is increasingly targeted by cyberattacks, with inadequate resources available to tackle them. “These institutions collect, process, and store vast amounts of sensitive personal

data, yet most lack the corresponding cybersecurity maturity. Many operate on outdated systems, with limited cybersecurity capacity, low awareness of digital threats, and zero security budgets. According to INTERPOL, Africa experienced a 23% increase in ransomware attacks in 2023, with public and nonprofit institutions among the most impacted.”

Further citing data from the International Telecommunication Union (ITU)’s Global Cybersecurity Index, the statement said that more than 60% of African countries fall into the “low commitment” category regarding national cybersecurity readiness. This contributes to limited institutional cybersecurity capacity, low awareness of digital threats, and little to no dedicated security budgets.

“As services become more digitized, this creates a dangerous gap that cybercriminals are actively exploiting through ransomware, phishing, data breaches, and DDoS disruptions, compromising public services, exposing sensitive data, and eroding public trust,” it said.

“In Kenya alone, over 114 CCI-targeted cyberattacks were recorded in the first eight months of 2024, followed by a 201% increase in cyber incidents by Q1 2025. In Nigeria, key government and healthcare systems still operate over unencrypted communication protocols. Institutions in Ghana and South Africa face similar threats but often lack the capacity to respond effectively. This widespread vulnerability exposes millions of citizens to both digital and physical harm.

Despite emerging national strategies, policy formulations and growing political will in the region, most CCIs are under-resourced and under-protected. Without immediate, scalable, and context-specific interventions, the region risks a surge in cyber incidents that could significantly disrupt essential community services.

Resilio Africa will strengthen cyber resilience of 200 CCIs through technical tools, assessments, customized playbooks and incident response frameworks; provide over 10,000 hours of pro bono cyber consulting to support CCI teams, build human capacity by delivering tiered training for executives, IT teams, and general staff with over 4500 employees and decision-makers trained; protect over two million people; and secure more than 15 million public records in Nigeria, Kenya, Ghana, and South Africa.

“Africa’s digital transformation cannot succeed if our communities remain vulnerable,” said Confidence Staveley, Founder and Executive Director of CyberSafe Foundation.

“With Google.org’s support, we are scaling a proven model of capacity-building that will help critical institutions become resilient, safeguard the people they serve, and preserve trust in digital public systems.”

Application to the initiative is open and CCIs eligible to participate are to complete an online interest form guided by instructions on the website, www.resilio.cybersafefoundation.org.


Kindly share this post
Continue Reading

Trending