Jump to content

Understanding Bitget’s Protection Fund: Keeping Your Crypto Safe


Recommended Posts

Bitget's Protection Fund, established in August 2022, is now one of the crypto industry's largest self-insured funds. Its primary aim is to provide an extra layer of security for users' crypto assets, guarding against threats like hacks, scams, and extreme market volatility.

Standing out as the industry's largest self-insured fund, Bitget's Protection Fund instills confidence among users by shielding them from potential risks. Unlike other models, this fund operates independently, ensuring swift and efficient protection without relying on external regulations or approvals.

With a self-funded structure, the Protection Fund offers robust security, unaffected by external constraints. This approach not only enhances user confidence but also ensures quick responses in critical situations.

Moreover, the fund's diversified portfolio, including high-liquidity cryptocurrencies like BTC, USDT, and USDC, further bolsters its stability and liquidity against external factors.

In February, the Protection Fund demonstrated stable growth, reaching an all-time high valuation of over $543 million by month-end. As of March 2024, its valuation fluctuated between $540 million and $612 million, showcasing its resilience and adaptability to market movements.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Elliott Wave Analysis Indices: Elliott Wave Analysis Indices: SP 500 & NASDAQ v of (v) of iii) of 1 of (5) of 3) of I.  NVDA Earnings has been the center of attention late in the last session and has created volatile intraday price action, however we are still on track for all Elliott wave counts, that is looking for the top of Wave iii).  The European and Asia indices will track the US indices on an intraday basis, so they too are in much the same Elliott wave patterns. Video Chapters  00:00 SP 500 (SPX), SPY ETF 08:45 NASDAQ (NDX), QQQ ETF 12:04 Russell 2000 (RUT) IWM 13:18 DAX 40 (DAX) 16:57 FTSE 100 UKX (UK100) 18:11 S&P/ASX 200 (XJO) 24:06 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge      
    • Currently, Bitget wallet stands as one of the most suitable decentralised wallets. It is built with everything incorporated into it, it is the hub of a handy suite of tools that cater to every crypto enthusiast.  It is interesting to note that it has been over 6 years since the platform commenced rendering crypto services. In commemoration of its 6th anniversary, an event has been set up to let its users earn some good amount and merch along with.  The criteria for participation is relatively easy. You just need to join to win exclusive merch, firstly by following @BitgetWallet while adding a RT + Comment #BitgetWallet6Years’’ Similarly, you can give insightful feedback about Bitget Wallet and stand a chance to win Bitget exclusive merch like T-shirt, Cap, Hoodie and Wristband. I will be jumping on this event too. Such an easy peasy way to earn.
    • Basically, they're letting creators mint NFTs and other digital stuff across multiple blockchains at once. Holograph isn't the only one trying to build bridges between blockchains. Projects like Omnibridge and Wormhole are also in the game, each with their own way of moving your digital assets around.  While Holograph focuses on this "native minting" thing across chains, other projects might be a better fit depending on what you need. Doing your research is key! Definitely something to consider. While Holograph recently scored a cool $11 million in funding, omnichain functionality is still pretty new. They've also got some interesting features, just landed on Bitget, and seems to be building an empire state. There could be bumps in the road, so be sure to do your own research and understand the potential risks. So, what do you think? Is Holograph the future of NFTs, or is it just a bunch of hype? Have you tried any other cross-chain solutions? Let's hear your thoughts in the comments!
×
×
  • Create New...
us