Spot Copy Trading Guide for Copiers on Bitget App

Posted on by Chain Base

Introduction

Bitget offers a unique feature called Spot Copy Trading, allowing users to follow the trading strategies of professional traders on the platform. This guide will walk you through the process of using Spot Copy Trading from a copier’s perspective.

What is Spot Copy Trading?

Spot Copy Trading enables users to automatically mirror the trading strategies of elite traders on Bitget. Unlike other trading methods, this feature is tailored for beginners and busy investors who prefer a hands-off approach to managing their portfolios.

Key Features:

  • Automatically follows the strategies of experienced traders.
  • Allows copiers to allocate their funds, with trades executed on their behalf.
  • Ideal for traders unable to monitor the market continuously.

How to Start Spot Copy Trading on Bitget?

To begin with Spot Copy Trading, follow these simple steps:

Step 1: Access the Spot Copy Trading Section

  1. Open the Bitget App and navigate to the Trade tab.
  2. Tap on Tools in the top navigation bar.
  3. Select Copy Trading from the options.
  4. Tap Spot to explore the list of available traders.

Step 2: Choose a Trader to Follow

  1. Use Time Period filters (7D/30D/90D/180D) to assess trader performance.
  2. Sort by various metrics such as ROI, Total Profit, or Copiers’ PnL to identify top traders.
  3. Utilize Advanced Filters for specific criteria like win rate or trade count.
  4. View detailed stats by tapping on a trader’s profile.

Step 3: Configure Your Copy Trading Settings

  • Agree to Terms: Accept the Bitget Copy Trade Agreement.
  • Select a Copy Mode:
    • Fixed Ratio Mode: Mirrors the trader’s trades proportionally based on balance.
    • Fixed Amount Mode: Each trade reflects a predetermined USDT amount.
    • Proportional Closing: Ensures copiers exit trades in sync with the trader.

| Mode | Description |
|————————|———————————————————————————-|
| Fixed Ratio Mode | Trades are mirrored based on balance ratio. |
| Fixed Amount Mode | Each trade mirrors a fixed USDT amount. |
| Proportional Closing | Closes the same percentage of the trader’s position. |

Step 4: Set Copy Amount & Coin Pair Preferences

  1. Copy Amount:
  • Requires a minimum of 50 USDT to start.
  • Funds in your copy account are separate from your main account.
  1. Trading Pair Preferences:
  • All supported pairs are selected by default.
  • Manually deselecting pairs is possible.

Step 5: Begin Copy Trading

  1. Once settings are configured, the system transfers the amount to your copy trading account.
  2. You will be redirected to the trader’s Copy Details page.

Accessing the Spot Copy Trading Center

To manage your copy trading account:

Step 1: Access Your Copy Trade Dashboard

  1. Tap Trade from the bottom menu and go to Copy Trading.
  2. Click on My Copy Trades and select Spot Copy Trading.
  3. You can also find it under Assets > Overview > Accounts > Copy Trading.

Step 2: View Your Trader List

  1. Check metrics such as Total Assets, Available Balance, and Estimated Net Profit.
  2. Scroll through traders’ performances, viewing their Net Profit and Total Investment.
  3. Review how many traders you are currently following (up to 50).
  4. Access copy trading history to monitor past trader records.

Step 3: Checking Copy Trading Details

  1. Tap on any active trader to view their copy trading details.
  2. Review key metrics including Estimated Net Profit and Profit Share.
  3. Access tokens held in your copy account and check their amounts.

Step 4: Managing Funds in Your Copy Account

  1. Adding Funds: Use the Transfer Funds option to add USDT to your copy trading account.
  2. Withdrawing Funds: Withdraw back to your spot wallet while ensuring your balance remains above 50 USDT.

Profit-Sharing Rules

Bitget utilizes a High Water Mark model for calculating profit shares. Here’s how it works:

  • Profit share is settled every Monday at 8:00 AM (UTC+8).
  • Accounts with unsold assets will be excluded from the current cycle.

Common Reasons for Copy Trading Failures

Several factors can cause trades not to be executed, including:

  • If the trader exceeds token copy limits.
  • Frequency caps enforced by Bitget to prevent slippage.
  • Insufficient balance in the copier’s account.
  • Changes in market conditions leading to slippage.

Risks of Spot Copy Trading

While convenient, Spot Copy Trading comes with its own set of risks:

  • No guaranteed profits: Market volatility affects all trades.
  • Delistings of tokens may require manual intervention.
  • Differences in execution may lead to unintended price impacts.

FAQs

  1. What’s the minimum required to start?
  • At least 50 USDT must be transferred into your copy trading account.
  1. Are copy trading accounts connected to my main account?
  • No, they are separate.
  1. What copy modes are available?
  • Fixed Ratio, Fixed Amount, and Proportional Closing.
  1. When is profit sharing settled?
  • Every Monday at 8:00 AM (UTC+8).
  1. Why was my trade not executed?
  • This could be due to limits or slippage issues.

Conclusion

Spot Copy Trading on Bitget offers an intuitive way for traders, especially beginners, to engage in the cryptocurrency market. By following seasoned traders and mirroring their strategies, you can potentially benefit from their expertise while managing risk wisely.

Sources

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