be doing an objective review of bitget The cryptocurrency Exchange big

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be doing an objective review of bitget The cryptocurrency Exchange big get has been going through a lot of heat especially on Twitter and a lot of people right now are searching for it to understand what's really going on with this exchange what are the pros what are the cons so this is the video you have been searching for if you want to understand or know more about bitget all right so before I tell you guys what I think about big get and what I think are the pros and the cons let's quickly understand what big get is and what it's all about bitget is a cryptocurrency exchange one of the largest in the world has billions of dollars in trading volume each and every day and they have a lot of incredible products on their platform so we can quickly have a look you can buy crypto through P2P or third-party it can act as an escrow and you can also trade Futures using usdt usdc and also you can trade coin margin Futures on this platform you're going to spot trade which means you can buy and circuit currencies at spot price incredible and you can also do sport spot margin trade and you can also do strategy trading on here very Advanced okay and in terms of markets they're different type of cryptocurrencies here that you can trade a lot of cryptocurrencies have listed since they launched and if you go to insights or Market data like they have this is one of my favorite part about the The Exchange is that it's very easy to find data that you need like open interest or Longs and short whenever you're trading this is very very important information and they have it all baked into the exchange and you can also look at the long and short ratio of other exchanges on bitget this is one of the features that I use personally a lot myself all right and if you go back to trade and you go to strategy Trading you can build your own strategies here you can automate trades and earn profits by simply just being a strategic thinker and Trader if you know what you're doing you can basically turn it into a strategy and let the market do it I like that about the get and there is also copy trading so this is something that I personally got introduced into bitget through copy trading right and this has been around for a long time and it's still the leading platform for corporate trading in the whole cryptocurrency Market their volumes are bigger they have long term traders who have been doing this with them for a long time so it's one of those things that they have or if you go onto the corporate trading you'll see for how long some of their traders who are professionals trading on this platform as copy Traders I've been having a longer history on the platform and a lot of people follow and trust them so the corporate trading here is incredible something that I use it has in in total it has accumulated over 350 million dollars worth of profits it has a total of 4 110 plus thousand four hundred and ten thousand plus followers and more than a hundred thousand Traders on there and you also can become a Trader on there by the way if you want to create a an account with big get I would recommend you use the link in the description below if you use my link I'd get some Kickback from it so you got Futures copy trading you got spot copy trading on it and you also have the earn which you can use to grow your money through savings risk-free earnings or shock fin do investment which is similar to D5 pooling they have the launch pool that allows you to basically lock in some coins in exchange for newer coins right you just use taking basically you stick and you get some coins for free and they've got the bgb earn you deposit they have their own token called the bit get token bgb you deposit it in there and you'll be earning some bgb as well and bgb is on which is if you're an investor on their token you have a lot of perks and they have the launch pad which I already made a video before about it that supports new Innovative projects to launch and then gives an opportunity to bit get users to become early investors all right now that is in a nutshell what the platform does right and then the interface is really good easy to use they have a mobile app which makes it easier for you to trade on the go on your phone these this these are the standard activities right and I like all the features that they have and the pros now my these are now my personal opinions on what I think about the exchange the pros to me is that oh I'm before I even forget some of the fundamentals they have also partnered with Lionel Messi they're one of the sponsors for Lionel Messi so Lionel Messi endorse them you can find this out on his official website messi.com a lot of crypto exchanges they might claim to have some Partnerships but you know you realize that most for the people they work with the celebrities or whatever you go to their website you don't even see them listed but big get is here on Leo's website officially and the announcement was made there and also there is the news broke out when they sponsored Lionel Messi big becomes official sponsor of oh this is another one Juventus women's football team is also sponsored by bitget so they're out there they're not hiding they're not like some shell company that nobody knows where what's happening the CEO she's well known and she's basically out there so you know it's very it's very bad it's the best exchange that a lot of people use and it's easy to trust with the kind of Partnerships that they have but what I personally like now back to my personal text here what I like here is that they have a 300 million dollar protection fund what is this and what why do they need or what do we need protection funds in crypto well think of it for an exchange that is holding a lot of money they are always prone to cyber attacks now if the exchange don't have a protection fund if they get hacked it means that the money they lose is more likely going to be taken out of your pocket they're just going to say hey we got we got hacked and don't they're not Banks it means that governments are not backing are not guaranteeing anything if you lose money in the bank in the US up to 250 000 they fed has a reserve or insurance for that which they'll pay you back in crypto we don't have but bid get as a protection fund which allows if they get hacked 100 ml no problem they'll go get the money from the protection funds so I like that about it it's a really cool thing another thing is that they have the proof of reserves which are very transparent to anyone bid get guarantees and will hold up 100 of users Assets in reserves and will publish its Miracle tree proof platform reserves and platform Reserve ratio on a monthly basis so what this means is that bitget is always putting out an update for their proof of results to prove how much money they have in the exchange that's one but also they are basically allowing you to prove the through the miracle tree system so you can go to proof of users assets you'll be able to see your assets and then you'll be able to follow the tree of those assets still to what the wallet that actually holds those private Keys which is really cool so every month they basically release a report and currently they have a total Reserve ratio of 246 so whenever you panic in terms of how much or you don't know how much your exchange is holding this is where you come and start to see okay do does this exchange have money and it says here reserves are sufficient Bitcoin they're currently holding the platform's assets of 8 390 Bitcoin of the platform whereas users they have 1572 Bitcoins of other people's money of us the users now this is great because it means that the platform itself is having more Bitcoin than its users then they actually have money to back up whatever they're doing this is great because if FTX had this kind of things put together well we wouldn't have had the problem that we had because there was no transparency so I like it for the transparency now what I don't like about bitget personally is the the relationship that they have with their community in crypto is not so great at least to I've seen some people that have had problems with it um there was an issue with even uh even on Twitter who say that all invested in a token on there in a early project and then he ended up dumping the tokens and then bid get basically uh froze his account did not allow him to withdraw his two hundred thousand dollars so that was the big story that went out there and I just don't like how they they handled those kind of situations or and also I don't think that they do a lot of community building activities physically in person like I don't really see the match doing meetups or so many of the representative at uh at crypto conferences and things like that so it feels to me that it's there it's big reliable and trustworthy but they failed to make that kind of connection with the community that's just my personal take right but maybe that's that's changing you know hopefully it does but I think they could do a better way of they could handle those kind of situations in a better way and they need to have clear rules for early projects when they launch on bitge and somebody comes and dumped their backs what is the rule do you get your account Frozen if you sell Beyond a certain threshold or not because that is supposed to be handled by they're talking project itself the creators right like everybody who invest in a new crypto projects are subject either to a local period And whatever that is not supposed to be controlled by an exchange at all that's what I think about it but otherwise I think it's an incredible exchange like any other platform out there have areas that they need to improve and I'm sure they are always growing and I hope if you're watching this video at bit get take my words into consideration and help improve otherwise guys love you to the moon I'll see you on the next video stay out of trouble and peace if you want to join my trading private group on Discord link is in description an elite group of Traders and professionals that will help you will hold your hand to guide you through everything every week we have live sessions for trading where we trade together we have I mean I drop a lot of alpha in there in terms of crypto trading nfts and anything else to do with crypto so if you're not part of that group you're missing out you get courses you get signals by becoming part of this Elite group link is in BIO I'll see you guys in the description or bios you guys