Bitget is one of the leading crypto exchange platforms with derivatives trading being their strong suit. They offer a wide range of services including derivatives trading, spot trading , copy trading, launchpad, savings, etc. Being the number one copy trading platform in the crypto derivatives market, the exchange has more than 20 million active users and USD 10 billion in daily trading volume.
BGB is the native utility token of Bitget that was introduced in 2021. The previous native token of the exchange was BFT, but was later changed to BGB to better support the growth of the platform as well as the interests of Bitget users.
Like most CEX's, Bitget coordinates trading among users on a large scale. Besides world-class spot and futures trading services, Bitget has a solid lineup of products that all types of crypto investors, no matter how experienced and risk-averse they are, can employ to diversify and grow their portfolios. To encourage trading and help new investors get used to crypto, Bitget issues thousands of USD in trial funds to each account as the user completes a designated task. There is also Bitget Academy , a crypto education platform, that gives free market insights and updates to support investors on their investment decisions.
BGB is the native utility token of the Bitget platform. Holders of BGB enjoy many benefits such as:
Early access to new projects
• Launchpad: Use BGB to purchase carefully selected project tokens in the early investment stage.
• Launchpool: Stake BGB to grab a share of qualified project tokens for free.
• Super Airdrop: Eligible BGB holders will receive airdrops of any new crypto asset listed on Bitget.
Offers and discounts
• Transaction fee discounts: Users can get 20% off spot transaction fees when paying with BGB.
• Groupcoin: Buy mainstream tokens at a discount when holding a certain amount of BGB.
• Profit sharing: Traders who hold BGB can share up to a 10% commission of their followers’ profits.
• Bitget lottery: Hold BGB for the chance to win prizes in BGB every day.
• Futures trading rewards: Hold BGB for a required number of days to claim the coupons applied for futures trading on Bitget.
• Free withdrawal: Stake BGB and enjoy zero-fee withdrawals on multiple cryptocurrencies.
• Bitget VIP: Hold a certain amount of BGB to enjoy discounts on transaction fees and enjoy exclusive privileges as a VIP user.
• Higher APY for advanced BGB Earn users: Large BGB holders can earn higher APY by subscribing to BGB Earn.
• Buy BGB at a discount: Subscribe to BGB Earn for a designated number of days to buy BGB at a discount.
• Vote to List: Use BGB to vote to decide whether the project will be listed on the exchange and get rewards.
Deflationary Mechanism
• Buyback-and-burn program: Bitget will start the buyback and burn BGB at the appropriate time to support the growth and price stability of the token's value.
There are 2 billion BGB tokens in total supply and 1.4 billion currently in circulation.
More details can be found on BGB's official page .
If you're interested in becoming a part of the Bitget ecosystem, one of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards , via bank transfer, via peer-to-peer transactions, or even in-person purchases. Alternatively, you can deposit funds into your Bitget account and use them to purchase cryptocurrencies, including BGB.
Once you have BGB, you can use it for a variety of purposes, including crypto purchases, investment, and level up your Web3 experience.
Consider investing in Bitget (BGB)? It only takes 2 minutes to create an account on Bitget and start trading BGB.
Check out the available BGB trading pairs on Bitget!
Spot market
Buy Bitget Token in Canada with Bitget