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A Step-By-Step Guide to Spot Copy Trading With Bitget
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.
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.
Tarana, provider of next-generation fixed wireless access (ngFWA) broadband technology, is collaborating with Microsoft to expand internet access in rural and underserved communities across Africa.
Together, the companies will help service providers in rural and underserved Africa deploy government-approved telecom equipment, along with training and technical support.
This comes as access to secure; affordable telecom equipment remains a major barrier to internet connectivity in Africa. Despite progress, high infrastructure costs and limited rural coverage have allowed the digital divide to persist.
Tarana stated that in some areas, fewer than 30% of people have dependable internet connectivity.
To that end, it said its collaboration with Microsoft will help reduce the cost of ngFWA equipment for African internet service providers while also assisting with deployment logistics, enabling them to give internet access more faster and more cost-effectively.
The company went on to say overcoming two primary limitations of traditional fixed wireless access) technology, ngFWA delivers high-speed broadband service in both non-line-of-sight conditions and heavy radio interference, making it an ideal solution for hard-to-reach and underserved markets.
More than 250 operators worldwide are deploying ngFWA to deliver better broadband more efficiently, said the company.
Basil Alwan, CEO of Tarana, added: “We look forward to making significant progress on the digital divide together.”
“Access to affordable, secure broadband infrastructure is essential for unlocking economic opportunity through digital access across Africa,” said Vickie Robinson, general manager, energy, connectivity, and sustainability at Microsoft. “By working with Tarana, we’re helping local operators overcome cost and deployment barriers so they can bring high-speed connectivity to the communities that need it most.”
The mobile industry’s operational emissions fell by 8% between 2019 and 2023, even as mobile connections grew by 9% and data traffic quadrupled, according to the GSMA’s fifth annual Mobile Net Zero report released this week.
The findings show the mobile industry has successfully started to decouple emissions from data and connectivity growth – a stark contrast to global emissions, which have increased 4% since 2019. However, to continue progress and reach net zero by 2050, emissions must fall by 7.5% annually until 2030 – more than twice the average annual rate achieved to date.
Key findings from the report include:
- Preliminary 2024 data suggests a further 4.5% drop in emissions – an acceleration on previous years, but still short of the 7.5% annual reduction needed to 2030.
- 37% of electricity used by operators disclosing to CDP came from renewables in 2023, up from 13% in 2019 – avoiding 16 million tonnes of emissions.
- 81 mobile operators (covering nearly half of global connections) have set or committed to science-based targets.
- The GSMA Climate Action Taskforce now includes 77 operators, covering 80% of mobile connections worldwide.
- Europe (-56%), North America (-44%), and Latin America (-36%) lead the way in operational emissions reductions between 2019 and 2023.
- New analysis of China shows operational emissions likely fell by 4% in 2024 – the first decline after a 7% rise between 2019–2023 – alongside a more than quadrupling of renewable energy use.
Global, collaborative climate action gathers pace
The acceleration in decarbonisation is driven by operator actions to improve network energy efficiency and transition to clean energy, including solar and battery storage. Many operators are phasing out less efficient legacy networks and reducing their reliance on diesel generators.
Some markets are seeing better renewable electricity access through policy support and market reform, but the GSMA warns that the accelerated reductions needed by 2030 will require greater access across more markets.
Regional momentum is building globally, with Europe and the Americas leading emissions reductions, while Asia and Africa show increasing engagement. China, representing the world’s largest mobile market with more than one billion 5G connections, shows promising progress in 2024.
New analysis published today to frame discussions at MWC25 Shanghai indicates China’s operational emissions declined for the first time in 2024, with preliminary data showing a 4% reduction year-on-year driven by a more than quadrupling in renewable energy use by operators. As the industry’s largest single market, China’s progress is instrumental in achieving global net zero targets.
Steven Moore, Head of Climate Action at the GSMA comments: “Our findings show the mobile industry isn’t greenwashing or greenwishing – it’s green acting. Emissions are trending in the right direction, but the pace of progress must now double.
“This is a global effort, and it’s encouraging to see momentum building across every region – from Latin America to Europe and especially to China.
“But to sustain this progress, we need broader support: better access to renewables, more policy certainty, and stronger collaboration across the ecosystem. Supply chain emissions, which make up most of our industry’s footprint, must also be addressed – and climate transition plans will play an increasingly important role in navigating what comes next.”
Focus on Scope 3 and circularity sharpens
The report emphasises that Scope 3 emissions – mostly from supply chains and manufacturing – account for more than two-thirds of the industry’s total carbon footprint and require attention. While transparency is improving, Scope 3 emissions remain a blind spot compared with operational emissions (Scopes 1 and 2), making them a critical challenge for operators with science-based targets, which require reductions across full value chain emissions.
Additionally, the report points to growing momentum around circular economy initiatives. Consumer appetite for sustainable devices is rising, with around 90% of users surveyed by GSMA saying they value longevity and repairability, and nearly half considering refurbished for their next phone purchase.
Buying refurbished instead of new can save consumers money and reduce environmental impacts from manufacturing, with refurbished phones generating 80-90% fewer emissions than new ones. While new device sales have slowed in recent years, the second-hand device market is growing rapidly, and projected to be worth $150 billion by 2027.
Many leading operators are now developing climate transition plans to assess climate risks and map out credible, long-term strategies toward net zero. These plans are expected to become a key focus of the GSMA’s Climate Action Programme over the coming year.
The use of local content in Artificial Intelligence systems is essential for delivering accurate, region-specific results, according to MTN Nigeria’s General Manager for Regulatory Affairs, Ikenna Ikeme.
He shared this perspective at the recently held Network of African Data Protection Authorities (NADPA) Conference, held in Abuja recently.
The conference convened industry leaders, policymakers, and experts to discuss the role of data and AI in shaping Africa’s future. Key discussions focused on balancing innovation with risk, safeguarding data in AI systems, promoting responsible data use, and enabling cross-border data flows.
During a panel on “Data Governance for Responsible and Beneficial Use of AI,” Ikeme highlighted data’s dual nature. “Data can be transformational by bringing efficiency to businesses, but it also presents risks, ranging from privacy to investment,” he stated. He warned against relying too much on external data.
Adewale Adene, Google’s Government Affairs and Public Policy Manager, also spoke at the session. Adene projected AI and data governance could add $30 trillion to Africa’s economy by 2030. “All relevant authorities and stakeholders must ensure Africa is positioned to capitalise on this new economy,” he urged.
Other panelists included Nonye Ujam, Government Affairs Lead at Microsoft; Ololade Shyllon, Director of Privacy Policy for Africa, the Middle East, and Turkey at Meta; Oliver Patel, Head of Enterprise AI Governance at AstraZeneca (who joined remotely); Femi Daniel, Senior Counsel, Privacy and Data Protection at Mastercard; and Adewolu Adene, Government Affairs and Public Policy Manager at Google.
The conference stressed the urgent need for African stakeholders to create strategic policies. These policies should support both growth and safety.
Participants called for collaboration, investment in local data infrastructure, and strong legal frameworks. This is to ensure AI technologies are developed and used responsibly.
The NADPA Conference served as a timely call to action. It urged governments, companies, and regulators to prioritise trust and transparency. Homegrown solutions are key in shaping Africa’s digital destiny, the conference concluded.
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