Bitget Copy Trading is a feature that allows users to automatically replicate the futures trades of experienced traders on the platform. It offers an opportunity to potentially profit from the strategies of skilled individuals without needing to constantly monitor the markets yourself. However, while it can be convenient, it is not a guaranteed path to profits and comes with significant risks. This guide will walk you through how Bitget Copy Trading works, how to use it, important considerations, and how to manage potential risks effectively.
What is Bitget Copy Trading?
Bitget Copy Trading is a system that enables you to automatically copy the futures contract orders of other traders on the Bitget exchange. In simple terms, your account will mirror the trades of a chosen trader—when they open a position, your account opens an identical one; when they close it, yours does too. Your profits or losses will directly reflect theirs.
This automation means you don’t have to manually track signals or worry about missing opportunities. However, it’s important to understand that while you share a portion of your profits with the trader you follow (typically around 10%), you bear all losses yourself. The trader assumes no responsibility for your losses.
How to Use Bitget Copy Trading: A Step-by-Step Guide
Step 1: Register and Deposit Funds
To start, you need a Bitget account. After completing registration and identity verification, deposit USDT into your Bitget account. This will be the capital you use for copy trading.
Step 2: Transfer Funds to Your Futures Account
Since copy trading involves futures contracts, you must transfer your USDT from the spot account to the USDT-margined futures account. This internal transfer incurs no fees. Navigate to "Assets" > "Transfer," select USDT, and move your desired amount from the spot account to the futures account. Start with a small amount to minimize risk while you learn.
Step 3: Access the Copy Trading Interface
Click on "Copy Trading" from the main menu to enter the platform. Here, you’ll see a list of available traders along with their performance metrics.
Step 4: Filter and Select a Trader
Use the filter icon to narrow down traders based on your preferences. Key filter options include:
- Total Profit, ROI, Recent Win Rate: Metrics indicating historical performance.
- Tags: Categories like "Conservative," "Aggressive," "Short-term," or "Long-term."
- Hide Full Traders: Exclude traders who have reached their follower limit.
- Localization: Prefer traders from your region.
- Contracts: Filter by specific trading pairs (e.g., BTCUSDT).
Pay attention to the Total Follower Profit metric. If it’s negative, it may indicate that the trader’s strategies have resulted in net losses for their followers, even if their personal ROI appears high.
Step 5: Review Trader Details and Initiate Copying
Before following, examine the trader’s order history and open positions. Look for:
- Historical Orders: Check their trading style, including leverage use, holding periods, and止损 habits.
- Current Positions: Identify any instances of "holding" (maintaining losing positions in hopes of a rebound).
If satisfied, click "Copy" to start following.
Step 6: Configure Your Copy Trading Settings
Bitget offers Basic and Advanced mode for settings. In Basic mode, you set universal parameters:
- Copy Method: Choose between "Fixed Amount" (e.g., $10 per trade) or "Ratio" (e.g., 0.01x the trader’s position size).
- Risk Control: Set stop-loss and take-profit percentages to automatically close positions at certain thresholds.
Advanced mode allows per-contract settings, including:
- Margin Mode: Typically USDT.
- Leverage Mode: Specify leverage (e.g., 1x to 3x for beginners) instead of mirroring the trader’s high leverage.
- Copy Method: Options include Fixed Amount, Ratio, or Fixed Quantity.
- Risk Control: Define stop-loss/take-profit levels.
👉 Explore advanced copy trading strategies
Step 7: Monitor Performance and Adjust
After initiating, monitor your copy trading activity under "My Copy Trading." Here, you can view historical and open positions, track performance, and adjust or stop following traders as needed.
Key Considerations for Bitget Copy Trading
Many Bitget traders use cross-margin mode (where losses can exceed the initial position margin) and may hold losing positions indefinitely. This can lead to situations where a trader’s position is down hundreds or thousands of percent. If your account lacks sufficient funds to cover these paper losses, your position could be liquidated, resulting in a total loss of your futures account balance.
To mitigate this:
- Check Follower Profit: A negative total follower profit suggests the trader’s strategy may cause losses for followers.
- Review Open Orders: Look for held positions with large unrealized losses.
- Prefer Isolated Margin Traders: Isolated margin limits loss to the initial margin for that position, providing more transparency.
- Set a Stop-Loss: Define a maximum loss percentage to exit positions early.
- Use Low Leverage: Reduce leverage to minimize potential losses.
- Allocate Small Amounts: Use tiny position sizes (e.g., 0.01x) to withstand volatile holds.
Bitget Copy Trading: Pros and Cons
Pros:
- Convenience: Automatically copy trades without deep market knowledge.
- Learning Opportunity: Observe strategies from experienced traders.
- Flexible Parameters: Adjust settings to match your risk tolerance.
Cons:
- Follower Limits: Popular traders may be unavailable due to caps.
- Holding Behavior: Many traders hold losing positions, increasing risk for followers.
Understanding the Risks
The primary risk is the potential loss of your entire futures account balance if positions move against you and you lack sufficient margin. While copy trading reduces the need for expertise or constant monitoring, success depends on choosing reliable traders and configuring your settings prudently.
Getting Started as a Beginner
Begin with capital you can afford to lose. Use low leverage (e.g., 1x), set stop-loss orders, and test follow multiple traders with small amounts to identify whose strategy aligns with your goals before committing more funds.
Frequently Asked Questions
Is there a fee for Bitget Copy Trading?
Yes. You pay standard trading fees and funding rates for futures contracts. Additionally, you share approximately 10% of your profits with the trader you copy. There are no fees on losses, but you bear the full loss amount.
Do traders have access to or control over my funds?
No. All funds remain in your account, and all positions are opened in your name. You retain the ability to manually close positions at any time.
How can I avoid traders who hold losing positions?
Scrutinize their open orders and historical performance for patterns of holding. Prioritize traders who use isolated margin and have a positive total follower profit. Setting your own stop-loss is also crucial.
What is the difference between cross-margin and isolated margin?
Cross-margin allows losses to draw from your entire futures account balance, increasing liquidation risk. Isolated margin confines risk to the funds allocated to a specific position.
Can I copy multiple traders simultaneously?
Yes, you can follow multiple traders at once, diversifying your exposure across different strategies.
Is Bitget Copy Trading available worldwide?
Availability depends on local regulations. Check Bitget's terms to ensure the service is offered in your region.
Summary
Bitget Copy Trading can be a useful tool for those seeking to engage in crypto futures trading without active management. However, it requires careful due diligence:
- Automatically copy trades from selected traders.
- Share profits with traders but bear all losses yourself.
- Beware of traders who hold losing positions, as performance metrics can be misleading.
- Start with small amounts, low leverage, and stop-loss orders to manage risk.