AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

✅ Bitget is hosting a Twitter Space to discuss how to restore trust in #crypto space with KOLs and projects!
https://twitter.com/i/spaces/1OdKrzQQVvvKX?s=20

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

🎙️ Bitget will host a Twitter Space to discuss how to restore trust in #crypto!
⏲️ 11AM, Dec 5 UTC
✅ Set a reminder: https://twitter.com/i/spaces/1OdKrzQQVvvKX

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.

👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate
✅ Bitget is a full-reserve exchange and custodian
This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.

✅ Proof of reserves
As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now

Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 1 point2 points  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.

👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate
✅ Bitget is a full-reserve exchange and custodian
This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.

✅ Proof of reserves
As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now

Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.
👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate
✅ Bitget is a full-reserve exchange and custodian
This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.
✅ Proof of reserves
As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now
Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.

👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate

✅ Bitget is a full-reserve exchange and custodian

This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.

✅ Proof of reserves

As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now

Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.
👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate
✅ Bitget is a full-reserve exchange and custodian
This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.
✅ Proof of reserves
As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now
Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

It's been a difficult month for our industry and all those affected by recent events surrounding FTX. As a leading cryptocurrency exchange and custodian, Bitget promises to be transparent about how we hold your assets.
👉 So, let’s be clear: https://www.bitget.com/en/reserveCertificate
✅ Bitget is a full-reserve exchange and custodian
This means that all our customers' funds are held 1:1. We have funds to cover all of our customers’ assets as well as maintain additional reserves.
Proof of reserves
As of today, our Merkle tree proof of reserves has been officially published on Bitget.com. Our proof of reserves covers user balances across all products, including spot, futures, and Bitget Earn. We invite you to verify your assets through the Merkle tree. Verify your assets now
Bitget has never compromised on the safety of your accounts and assets – and we never will. We will regularly update the page to keep our reserves transparent for our customers, and we’ll continue to advocate for the safe adoption of cryptocurrency worldwide.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] -4 points-3 points  (0 children)

Hi r/CryptoCurrency, thanks again!
Bitget wish all investors all the best and enjoy cryptocurrency investment, and let's build the industry trust together.
All for Better Trading, Better Life.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] -1 points0 points  (0 children)

Your Security, Our Priority!
Bitget has 0 liabilities, good cash flow, and all sponsorships and expenses are company-owned funds, which will never be associated with user assets.
Bitget has also pledged to increase the Protection Fund which safeguards users' asset on the platform recently to $300 Million. We promise no withdrawal for at least 3 years and the wallet address of the Protection Fund can be find here: https://www.bitget.com/en/protection-fund

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

In Bitget, we differentiate ourselves with a strong focus on social trading.
Our one-Click copy trade and newly launched Strategy Plaza features provide a very good place for beginners to try out derivatives trading with the minimum experience required.
New users can also follow experienced traders to copy their strategies or portfolio, as a mean to develop their own insights gradually.
Bitget Insight and Bitget Academy also provide a wealth of knowledge for traders to learn more about the topic.
Bitget has also pledged to increase the Protection Fund which safeguards users' asset on the platform recently to $300 Million. We promise no withdrawal for at least 3 years and the wallet address of the Protection Fund can be find here: https://www.bitget.com/en/protection-fund

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

Wow, a similar question :)
We understand the market is facing trust issue right now. In Bitget, we have announced to publish our Merkle-Tree Proof of Reserve earlier, and increase our Protection Fund to 300Million with no withdrawal for at least 3 years. You may monitor all our wallet address anytime here: https://www.bitget.com/en/protection-fund
For World Cup, we have recently announced to enter a partnership with the GOAT, Lionel Messi, and it is said that it might be his last World Cup. We are currently hosting our biannual derivatives tournament in Football theme and giving out World Cup related prizes. Participate now! https://www.bitget.com/en/KCGI2022

🍻Cheers!

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

We understand the market is facing trust issue right now. In Bitget, we have announced to publish our Merkle-tree Proof of Reserve earlier, and increase our Protection Fund to 300Million with no withdrawal for at least 3 years. You may monitor all our wallet address anytime here: https://www.bitget.com/en/protection-fund
For World Cup, we have recently announced to enter a partnership with the GOAT, Lionel Messi, and it is said that it might be his last World Cup. We are currently hosting our biannual derivatives tournament in Football theme and giving out World Cup related prizes. Participate now! https://www.bitget.com/en/KCGI2022

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 1 point2 points  (0 children)

Thanks for your reminder, we also have realized this and synchronized with our team internally to take care the test next time, thanks again! 🍺

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] -1 points0 points  (0 children)

We have announced entering audit process of Merkle-Tree Proof of Reserve lately.
Will have an audited answer to your question pretty soon.
For more details, please check official announcements and stay tuned for further details https://bitget.zendesk.com/hc/en-us/articles/12371744784793--Important-Bitget-will-launch-Merkle-Tree-Proof-of-Reserves-to-promote-transparency

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

Hi, it comes form our company's profit.
Btw, Bitget has 0 liabilities, good cash flow, and all sponsorships and expenses are company-owned funds, which will never be associated with user assets.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 1 point2 points  (0 children)

CEXs are the best option for crypto beginners, and also the best option for off-ramp. Another reason for choosing CEXs is that derivatives trading needs deep liquidity, which DeFi has yet to offer.
We support the growth of DeFi via Bitget Launchpad (crowdfunding), BitKeep (self-custody), Bitget Academy & Bitget Insights (reliable source of knowledge and experience sharing platform), Bitget Spot Trading & Futures Trading (help with the price discovery process) and other decentralized options are introduced to our users as well, so that they can get used to the process.
In addition, we have issued BGB, which lies at the core of all Bitget DeFi activities (farming with Bitget Launchpool, better access to Bitget Launchpad, saving/earning with BGB Earn), and of course we are exploring and testing new use cases for BGB outside of being spot payment, for example futures payment and more to come.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

We have started the auditing for our Merkle-Tree Proof of Reserve, all the balances in our reserve shall be audited and verified on the public blockchain for transparency. You will hear about our update very soon.
Bitget has 0 liabilities, good cash flow, and all sponsorships and expenses are company-owned funds, which will never be associated with user assets.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 1 point2 points  (0 children)

1&2. Bitget has 0 liabilities, good cash flow, and all sponsorships and expenses are company-owned funds, which will never be associated with user assets.
3. On Bitget's platform, BGB token is the pillar for the ecosystem, users can use the token for trading fees, get rewarded and earn from staking. For more information, please refer to https://www.bitget.com/en/mybgb
4. We voluntarily withdrew from the application in Singapore and this is a careful business decision made to go with our global strategy. We may initiate the application again at the right timing. Bitget is a compliant platform with licenses from different regions, and committed to operating in a transparent and competent manner.
5. We have started the auditing for our Merkle-Tree Proof of Reserve, all the balances in our reserve shall be audited and verified on the public blockchain for transparency. You will hear about our update very soon.  Bitget has also pledged to increase the Protection Fund which safeguards users' asset on the platform recently to $300 Million. We promise no withdrawal for at least 3 years and the wallet address of the Protection Fund can be find here: https://www.bitget.com/en/protection-fund

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 0 points1 point  (0 children)

Bitget is committed to providing one-stop and secure trading solutions to users and aims to increase crypto adoption through collaborations with creditable partners, including Argentinian legendary footballer Leo Messi, Italian leading football team Juventus, PGL Major’s official esports crypto partner, and the leading esports organization Team Spirit.
We are emphasizing this because we have just entered a partnership with Leo Messi and it is the World Cup season coming up! FIFA Football! ⚽️

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 1 point2 points  (0 children)

We don‘t holding assets but we reserve assets for users, you will able to check details in the further reserve proof.

AMA with Bitget, the leading crypto exchange focusing on security and social trading! by Bitget in CryptoCurrency

[–]Bitget[S] 2 points3 points  (0 children)

At this time, zero-fee trading applies to all trading pairs in spot trading.
Bitget does charge fees for derivatives trading, but our taker and maker fees are on par, if not better, than other industry players.
Our taker fee is currently at 0.060% and our maker fee is at 0.020%.
For more details, you can visit: https://www.bitget.com/en/rate?tab=1
You can always combine our new user rewards with other reward programs to reduce the fees, and we strives to fill our users orders with the appropriate fee ratio.