How to Trade Crypto and Withdraw on Bitget

How to Trade Crypto on Bitget

How to Trade Spot on Bitget (Web)

Bitget Spot Trading is the destination for anyone investing in and/or holding cryptocurrencies. With over 500 tokens, Bitget Spot Trading opens the door to the whole crypto universe. There are also exclusive, smart tools available for Bitget Spot Trading to help investors make better decisions and attain success, including:

- Limit Order/Trigger Order/other conditional orders

- Bitget Spot Grid Trading: Your personal bot to help you through sideways markets.

- Bitget Spot Martingale: The better, crypto-fitted version of dollar-averaging

- Bitget Spot CTA: The automated, algorithm-based tool that helps place timely and risk-controlled orders.

1. Visit the Bitget website, click on [Log in] at the top right of the page and log into your Bitget account.

2. Deposit your asset into your Bitget spot account or buy USDT/USDC/BTC/ETH. Bitget offers several methods for purchasing these coins: P2P,  bank transfer, and credit/debit cards.

3. Navigate to [Spot] in the [Trade] tab to view the available pairs.

4. You will now find yourself on the trading page interface.

1. Trading volume of trading pair in 24 hours

2. Candlestick chart and Market Depth

3. Sell order book

4. Buy order book

5. Trading Type: Spot/Cross 3X/Isolated 10X

6. Buy/Sell Cryptocurrency

7. Type of order: Limit/Market/OCO(One-Cancels-the-Other)

5. Choose your preferred pair and don’t forget to fill in the number for market order and other conditional orders. Once you’re done, click Buy/Sell.

6. To check your assets, go to [Asset] → [Spot].

How to Trade Spot on Bitget (App)

1. Log in to the Bitget App, and click on [Trade] → [Spot] to go to the spot trading page.

2. Here is the trading page interface.

1. Market and Trading pairs.

2. Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.

3. Buy/Sell Cryptocurrency.

4. Sell/Buy order book.

5. Open orders.

Take-Profit and Stop-Loss

What is a take-profit/ stop-loss?

A frequent contract trading strategy known as "taking profit" involves users believing that the price has reached an important point, in which they believe it a wise decision to realize some profit. By taking profit, the trade position is being reduced and as a result unrealized profits have now been turned into real profit, ready to be cashed out.

Stop loss is a common contract trading operation in which users believe that the price has reached a level where the trade can be cut for a reasonable loss to avoid doing irreparable damage to their portfolio. Using a stop loss is a way to deal with risk.

Bitget currently provides a TP/SL order: users can set the TP/SL price in advance. When the latest market transaction price reaches the TP/SL price you set, it will close the position at the number of contracts you set for this position at the optimal transaction price.

How to determine to stop loss and take profit levels

Deciding on taking profits and placing stop losses is one of the most difficult things to do when trading and can be done in countless ways. It often depends heavily on what strategy you are utilizing. To help you get on your way, here are three options you can consider looking into to help decide where your levels are going to be.

Price structure

In technical analysis, the structure of price forms the basis of all tools. The structure on the chart represents an area where people valued the price as high as resistance and a place where traders valued the price as low as support. At these levels, there is a high likelihood of increased trading activity, which can provide great places for prices to take a breather and then either continue or reverse. This is why many traders consider them checkpoints, and therefore those who use this method generally place profits just above support and stop losses just above resistance.

Volume

Volume is a great momentum indicator. However, it is a bit less exact, and more practice is required to read into the volume, but it is a great method to see whether a trending move might come to an end soon or when you are wrong on the direction of the trade. If the price goes up on a continuous increase in volume, it indicates a strong trend, whereas if the volume depletes with every thrust up, it might be time to take some profits. If you are in a long trade and price moves up on slow volume and price starts to retrace on an increase in volume, it might indicate weakness and might mean a reversal instead.

Percentages

Another method is to think in percentages, where traders have a fixed percentage in mind that they wish to use to place their stop loss and take profit levels. An example could be when a trader closes their position whenever the price has moved 2% in their favor and 1% whenever the price has moved against them.

Where can I find the stop loss and take profit levels

Go to the trading page interface, find the [TP/SL] from the dropbox.

Frequently Asked Questions (FAQ)

What are the 3 types of order?

Market Order 

Market Order - as the name implies, orders are executed immediately at the current market price. Please note that in more volatile markets, for example cryptocurrencies, the system will match your order to the best price possible, which can be different from the price at execution.

Limit Order

Also set to be completed as quickly as possible but the Limit Order will be filled at a price closest to the price you are willing to sell/buy, and can be combined with other conditions to refine your trading decision.

Let’s take an example: You want to buy BGB right now and its current value is 0.1622 USDT. After you enter the total amount of USDT you use to buy BGB, the order will be filled instantly at the best price. That is a Market Order.

If you want to buy BGB at a better price, click on the drop-down button and choose Limit Order, and enter the price to initiate this trade, for instance 0.1615 USDT. This order will be saved into the order book, ready to be completed at the level nearest to 0.1615.

Trigger Order

Next, we have the Trigger Order, which is automated as soon as the price hits a particular level. Once the market price reaches, let’s say, 0.1622 USDT, the Market Order will be placed and completed instantaneously. The Limit Order will be placed to match the price set by the trader, maybe not the best but surely the closest to his/her preference.

Transaction fees for both Maker and Taker of Bitget spot markets stand at 0.1%, which comes with a 20% discount if traders pay these fees with BGB. More information here.

What is an OCO order?

An OCO order is essentially a one-cancels-the-other order. Users can place two orders at the same time, i.e., one limit order and one stop limit order (an order placed when a condition is triggered). If one order executes (fully or partially), then the other order is automatically canceled.

Note: If you cancel one order manually, the other order will be automatically canceled.

Limit order: When the price reaches the specified value, the order is fully or partially executed.

Stop limit order: When a specific condition is triggered, the order is placed based on a designated price and amount.

How to place an OCO order

Navigate to the Spot Exchange page, click OCO, and then create an OCO buy order or sell order.

Limit price: When the price reaches the specified value, the order is fully or partially executed.

Trigger price: This refers to the trigger condition of a stop limit order. When the price is triggered, the stop limit order will be placed.

When placing OCO orders, the price of the limit order should be set below the current price, and the trigger price should be set above the current price. Note: the price of a stop limit order can be set above or below the trigger price. To summarize: Limit price

For example:

The current price is 10,000 USDT. A user sets the limit price at 9,000 USDT, the trigger price at 10,500 USDT, and a buying price of 10,500 USDT. After placing the OCO order, the price rises to 10,500 USDT. As a result, the system will cancel the limit order based on a price of 9,000 USDT, and place a buy order based on a price of 10,500 USDT. If the price drops to 9,000 USDT after placing the OCO order, the limit order will be partially or fully executed and the stop limit order will be canceled.

When placing an OCO sell order, the price of the limit order should be set above the current price, and the trigger price should be set below the current price. Note: the price of a stop limit order can be set above or below the trigger price in this scenario. In conclusion: Limit price current price trigger price.

Use case

A trader believes the price of BTC will continue to rise and wants to place an order, but they want to buy in at a lower price. If this isn’t possible, they can either wait for the price to fall, or place an OCO order and set a trigger price.

For example: The current price of BTC is 10,000 USDT, but the trader wants to buy it at 9,000 USDT. If the price fails to fall to 9,000 USDT, the trader may be willing to buy at a price of 10,500 USDT while the price keeps rising. As a result, the trader can set the following:

Limit price: 9,000 USDT

Trigger price: 10,500 USDT

Open price: 10,500 USDT

Quantity: 1

After the OCO order is placed, if the price drops to 9,000 USDT, the limit order based on a price of 9,000 USDT will be fully or partially executed and the stop limit order, based on a price of 10,500, will be canceled. If the price rises to 10,500 USDT, the limit order based on a price of 9,000 USDT will be canceled and a buying order of 1 BTC, based on a price of 10,500 USDT, will be executed.

How to Withdraw from Bitget

How to Sell Crypto through Cash conversion

Sell Crypto through Cash conversion on Bitget (Web)

1. Log in to your Bitget account and click [Buy Crypto] - [Cash conversion].

2. Click [Sell]. Select the fiat currency and the cryptocurrency you want to sell. Enter the amount then click [Sell USDT].

3. Select your payment method. Click [Manage cards] to choose from your existing cards or add a new card and input the required information.

4. Check the payment details and confirm your order within 60 seconds, click [Confirm] to proceed. After 60 seconds, the price and the amount of crypto you will get will be recalculated.

5. Follow the confirmation of the payment platform and you will be directed back to Bitget after completing the transaction.

Sell Crypto through Cash conversion on Bitget (App)

1. Log in to your Bitget App and tap [Add funds] - [Cash conversion].

2. In [Cash conversion], tap [Sell]. Then select the crypto you want to sell and tap [Sell USDT].

3. Select your receive method. Tap [Change card] to choose from your existing cards or [Add a new card], where you will be required to put in the information.

4. Check the payment details and confirm your order within 60 seconds, click [Confirm] to proceed. After 60 seconds, the price and the amount of crypto you will get will be recalculated.

How to Sell Crypto on Bitget P2P

Sell Crypto on Bitget P2P (Web)

1. Log in to your Bitget account. To sell USDT, you must transfer your funds from Spot to P2P wallet. Click on [Assets] on the top left corner and then click on [Transfer].

2. Select Coin as ‘USDT’, choose [From ‘Spot’] , [To ‘P2P’] and insert the quantity you want to transfer, (click ‘All’ if you want to transfer all the available funds) and then click [Confirm].

3. Click the [Buy Crypto] button at the top of the homepage - [P2P trading].

4. Click the [Sell] button, select [USDT] for ‘Crypto’ and [INR] for ‘Fiat’ and this will show you a list of all the available buyers. Find the buyers that suit your requirement (i.e. the price and quantity they are willing to purchase) and click [Sell].

5. Enter the quantity of USDT that you want to sell and the lump sum will be calculated as per the price set by the buyer.

6. Fill in the information on ‘Add payment methods’ (UPI or Bank Transfer depending on the buyer’s preference).

7. Provide the fund password and then click [Save and use].

8. Then click on [Sell] and you will see a pop up screen for Security verification. Insert your ‘Funding Code’ and click [Confirm] to complete the transaction.

9. Upon confirmation, you will be redirected to a confirmation page with the details of this transaction and the lump sum the buyer is paying.

10. Once the buyer has deposited the amount successfully, please double check if you have received the funds. You can also chat with the buyer in the chat box on the right.

After the payment is confirmed, you can click the [Confirm and release] button to release the USDT to the buyer.

Sell Crypto on Bitget P2P (App)

1. Log in to the Bitget App. Click the [Buy Crypto] - [P2P trading] button on the first page of the app.


2. Click on the ‘Sell’ category located at the top. Select the Ad of P2P Merchant and click the [Sell] button.

3. Enter the selling amount (after checking the minimum or maximum amount). Click the [Sell USDT] button.

4. Select the ‘Payment Method’ supported by the buyer and click the [Confirm Sell] button. Buyer will pay within the transaction deadline and check the deposit.

5. After checking the deposit, click the [Release] button.

*Click the ’Speech Balloon’ button at the top right to open the chat window as follows.

6. Confirm your Release and enter ‘Fund password’. Tick the confirm box and click [Confirm].

7. Review your transaction history through this page and Click the [View assets] button to check your Released asset.

How to Withdraw Crypto from Bitget

Withdraw Crypto on Bitget (Web)

1. Log into your Bitget account, click on the [Wallet] symbol located at the top right corner, and select [Withdraw].

Notes: Withdrawals are only permitted from your spot account.

2. Enter Withdrawal Details

On-chain withdrawal

For external wallet withdrawals, opt for the ‘On-chain’ option. Then, provide:

Coin: Select the asset you wish to withdraw

Network: Choose the appropriate blockchain for your transaction.

Withdrawal Address: Input the address of your external wallet or pick one from your saved addresses.

Amount: Specify how much you’d like to withdraw.

Click [Withdraw] to move forward.

Important: Ensure the receiving address matches the network. For instance, when withdrawing USDT via TRC-20, the receiving address should be TRC-20 specific. Errors can lead to irreversible loss of funds.

Verification Process: For security reasons, you’ll need to verify your request through:

Email code

SMS code / Fund code

Google Authenticator code

Internal withdrawal

If you want to make an internal transfer to another Bitget account, opt to the ‘Internal transfer’ tab.

For internal transfers, it’s free and fast, and you can simply use an email address, mobile number, or a Bitget UID instead of the on-chain address.

3. After completing the withdrawal process, you can head to ’Assets’ to check your assets and review transactions. 

To check your withdrawal history, scroll down to the end of the ‘Withdraw records’.

Processing Times: While internal transfers are immediate, external transfers vary based on the network and its current load. Generally, they range from 30 minutes to an hour. However, during peak traffic times, expect potential delays.

Withdraw Crypto on Bitget (App)

1. Open your Bitget app and log in. Locate and tap the [Assets] option at the bottom right of the main menu. You will be presented with several options. Choose [Withdraw]. Select the cryptocurrency you want to withdraw, e.g., USDT.

2. Specify withdrawal details, you can choose either [On-chain withdrawal] or [Internal transfer].

On-chain withdrawal

For external wallet withdrawals, opt for the [On-chain withdrawal] option.

Then, provide:

Network: Choose the appropriate blockchain for your transaction.

Withdrawal Address: Input the address of your external wallet or pick one from your saved addresses. Not sure where to get the address? Check out this quick guide.

Amount: Specify how much you’d like to withdraw.

Click [Withdraw] to move forward.

Important: Ensure the receiving address matches the network. For instance, when withdrawing USDT via TRC-20, the receiving address should be TRC-20 specific. Errors can lead to irreversible loss of funds.

Verification Process: For security reasons, you’ll need to verify your request through:

Email code

SMS code

Google Authenticator code

Internal withdrawal

If you want to make an internal transfer to another Bitget account, opt to the ‘Internal transfer’ tab.

For internal transfers, it’s free and fast, and you can simply use an email address, mobile number, or a Bitget UID instead of the on-chain address.

Processing Times: While internal transfers are immediate, external transfers vary based on the network and its current load. Generally, they range from 30 minutes to an hour. However, during peak traffic times, expect potential delays.

How to Withdraw Fiat Currency from Bitget

Withdraw Fiat via SEPA on Bitget (Web)

1. Navigate to [Buy Crypto], then hover your mouse over the ’Pay with’ section to browse the fiat currency menu. Select your preferred fiat currency and click on [Bank Deposit] - [Fiat Withdraw].

2. Select the type of fiat currency and the amount you wish to withdraw.

3. Confirm the withdrawal details.

4. Complete the secure verification to continue processing your withdrawal.  You have successfully submitted a withdrawal request. You will generally receive the funds after one working day. Withdrawals through fast transfer or payment methods may arrive in as fast as ten minutes.

Withdraw Fiat via SEPA on Bitget (App)

The process of withdrawing Fiat via SEPA on the Bitget app is very similar from the website. 

1. Log in to your Bitget account and go to [Assets] - [Withdraw].

2. Click on [Fiat] and choose your preferred currency.

3. Click on [Fiat withdraw] and you will get to the Withdrawal interface that is the same as the website. Please follow the same process and you will complete the withdrawal with ease.

Frequently Asked Questions (FAQ)

What are the bank withdrawal processing times

Withdrawal time and processing details:

Terms and Conditions :

1. Ouitrust includes the SEPA and Faster Payments Service. Only EEA and UK residents are eligible to use these services.

2. It is recommended to use the Faster Payments Service to transfer GBP, and the SEPA for EUR. Other payment methods (e.g. SWIFT) may incur a larger fee or take longer to process.

What are the withdrawal limits for users

To enhance risk management and bolster the security of users’ assets, Bitget will be implementing adjustments to the withdrawal limits for users starting from September 1, 2023, at 10:00 AM (UTC+8).

Limit for users who haven’t completed KYC verification:

US$50,000 worth of assets per day

US$100,000 worth of assets per month

Limit for users who have completed KYC verification:

What to do if I didn’t receive the payment from P2P

You may file an appeal if you do not receive the payment 10 minutes after the Buyer clicks the “Paid” button; reject the transaction, and refund the payment if the Buyer clicks the “Paid” button when the payment is not yet made or completed, the payment cannot be received within 2 hours, or the order is cancelled after the payment is made.

Please carefully check whether the real-name information of the Buyer’s payment account is consistent with that on the Platform when you receive the payment. In case of any inconsistency, the Seller has the right to request the Buyer and the payer to conduct video KYC with their ID cards or passports, etc. If an appeal is filed to such an order, the Seller may reject the transaction and refund the payment. If the User accepts non-real-name verified payment, causing the counterparty’s payment account to be frozen, the Platform will investigate the source of the funds in question, and has the right to directly freeze the User’s account on the Platform.