BGBTC: How to Stake your BTC and Earn Passive Yield on Bitget Website?
[Estimated Reading Time: 3 minutes]
This article explains how to use BGBTC (Bitget Wrapped Bitcoin) to earn passive income by staking BTC, while maintaining liquidity, flexibility, and security.
Understanding BGBTC
BGBTC (Bitget Wrapped Bitcoin) is Bitget’s wrapped version of Bitcoin (BTC), pegged 1:1. It allows you to stake BTC and receive BGBTC in return. By staking BGBTC, you earn BGPoints, which can be used to claim token airdrops and boost your overall yield. You can submit a request to convert BGBTC back to BTC at any time, with a 7-day redemption period.
Benefits of using BGBTC
BGBTC offers multiple benefits for Bitcoin holders:
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Higher earning potential: BGPoints rewards and airdrops
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Security: Backed 1:1 with BTC and protected by multi-signature custody (Bitget + Cobo)
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No limits: No cap on subscription or daily redemptions
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Ecosystem integration: Access to BTCFi partner projects, Launchpool, and PoolX
What Can You Do with BGBTC?
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Earn BGPoints by staking BTC
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Claim token airdrops from BTCFi and ecosystem partners
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Maintain liquidity with no subscription limits or daily redemption caps
How to Stake BTC and Get BGBTC on Bitget Website?
Use the On-chain Elite interface to convert your BTC into BGBTC and start earning BGPoints rewards.
Step 1: Access On-chain Elite
1. Hover over Earn in the top navigation bar.
2. Navigate to On-chain Earn > On-chain Elite.
Step 2: Select BGBTC
1. On the On-chain Elite page, find the BGBTC product card.
2. Click Stake now.
Step 3: Enter staking details
1. Enter the amount of BTC to stake (minimum: 0.001 BTC).
2. Review:
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Exchange rate:
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Transaction fee
3. Agree to the Bitget On-chain Elite User Agreement.
4. Click Confirm to complete the transaction.
How to Redeem BGBTC to BTC on Bitget Website?
Step 1: Navigate to On-chain Elite
1. Hover over Earn in the top navigation bar.
2. Navigate to Earn > On-chain Earn > On-chain Elite.
3. Click View profits.
Step 2: Submit Redemption
1. On the Earn account page, find your BGBTC balance under the On-chain Elite tab.
2. Click Redeem.
Step 3: Redeem your BGBTC
1. Enter the amount of BGBTC to redeem
2. Check the details:
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Exchange rate (1 BGBTC = 1 BTC)
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Transaction fee
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BTC to be received
3. Select redemption type
4. Click Confirm to complete the process.
Interest and Reward Timeline
Once you stake BTC and receive BGBTC, your rewards follow a fixed schedule:
| Event | Time (UTC+8) |
| Staking confirmation | When the stake is completed |
| Interest accrual begins | Next calendar day at 01:00 |
| Interest calculation starts | Following day at 01:00 |
Note: This timeline applies to BGPoints accumulation and interest payout calculations.
FAQs
1. What is BGBTC?
BGBTC is Bitget’s wrapped version of Bitcoin, pegged 1:1. It allows BTC holders to stake and earn BGPoints while keeping assets flexible.
2. Is BGBTC safe?
Yes. BGBTC is backed 1:1 with BTC. Custody is secured by Bitget and Cobo using multi-signature wallets and proof of reserves.
3. What are the fees for BGBTC?
No subscription or redemption fees are charged during promotional periods. Normally, Bitget may charge 0.05% for subscription or redemption depending on blockchain network traffic.
4. Does BGBTC’s value increase?
No. BGBTC always maintains a 1:1 conversion rate with BTC.
5. Can I redeem partially?
Yes. You can redeem part or all of your BGBTC. Partial redemptions allow BGPoints to continue accruing on the remaining BGBTC.
6. Can I cancel a redemption request?
No. Once a redemption is submitted, it cannot be canceled.
7. Will I lose my BGPoints if I redeem?
No. BGPoints are kept in your account and can still be used for airdrops or early settlement.
8. What happens if I transfer my BGBTC?
The BGBTC is transferred to the new holder, but any BGPoints already accumulated remain with your account.
9. When will I receive airdrops from BGPoints?
At the Token Generation Event (TGE) of the partner project. If you choose early settlement, BGPoints are converted into BGBTC at 1.5% APY instead.
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