How and Where to Buy Bitget Token (BGB) – Detailed Guide
- What is BGB?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade BGB
- Last Step: Store BGB securely in hardware wallets
- Other useful tools for trading BGB
- Frequently Asked Questions
- Latest News for BGB
- BGB Price Prediction and Price Movement
What is BGB?
Bitget is rebranding. Learn more
What Is Bitget Token (BGB)?
Bitget Token (BGB) is the native utility token of Bitget, a crypto centralized exchange (CEX). The updated BGB token was launched in July 2021 with the aim of providing platform users with a form of payment within the ecosystem.
The utility token of Bitget can be used by traders for staking, social trading, profit sharing or receiving discounts on trading fees. BGB holders can also participate in the launchpad and launchpool.
Who Are the Founders of Bitget Token?
Bitget Token (BGB) is the exchange token of Bitget, a centralized cryptocurrency exchange (CEX). The social trading platform was founded in 2018, and registered in the Seychelles. Bitget is a fast-growing derivatives exchange platform with over 8 million registered users in more than 100 countries.
Sandra Lou is the CEO and founding member of Bitget. Lou has nearly 10 years of experience in the traditional financial industry. In 2016, she was introduced to Bitcoin, gained interest in blockchain technology and investing within the crypto industry. In 2017, she joined the founding team of Bitget.
What Makes Bitget Token (BGB) Unique?
In September 2022, the platform became the third-largest derivatives exchange in the world. According to Bitget, BGB provides low transaction costs as it uses a decentralized blockchain network with no middlemen.
BGB token is highly scalable, according to the website. As the Bitget platform grows, developers ensure that it can manage high transaction volumes without getting congested.
BGB also offers discounted trading fees of up to 20% off, and access to exclusive rewards and promotions to users of Bitget. With BGB, users can profit share using the Bitget flagship product, Copy Trade. Furthermore, holders of BGB can gain early access to projects on the launchpad, or stake and obtain tokens from the launchpool.
Related Pages:
Read about KuCoin (KCS) and Huobi Token (HT).
What are centralized exchanges (CEXs)? Learn more with CMC glossary.
What are web 3.0 cryptocurrencies? Take a deep dive with CMC Alexandria.
How Many Bitget Token (BGB) Coins Are There in Circulation?
The current circulating supply of Bitget Token is 1.4 billion BGB with the maximum amount of 2 billion BGB. The distribution of BGB tokens is as follows: exchange for BFT (Bitget DeFi Token) - 25%; Team Incentives - 20%; Branding (KOL) - 15%; Referrals - 15%; BGB ecosystem - 15%; Investor Protection Fund - 10%
How Is the Bitget Token Network Secured?
Bitget Token (BGB) is built on top of Ethereum’s blockchain according to the ERC-20 compatibility standard, which means it relies on a Proof-of-Stake (PoS) consensus mechanism. BGB tokens can be securely stored on any wallet which supports Ethereum (ETH).
Moreover, the exchange has received MSB licenses in the U.S. and Canada. The platform is KYC-compliant, Bitget requires identity verification to gain access to financial activities.
Where Can You Buy Bitget Token (BGB)?
Bitget Token (BGB) can be purchased directly on the Bitget exchange. BGB is also available for trading on Bitfinex.
Download the CMC mobile app to track prices of BGB in real-time.
BGB was first tradable on 29th Jul, 2021. It has a total supply of 2,000,000,000. As of right now BGB has a market capitalization of USD $2,268,828,684.94. The current price of BGB is $1.13 and is ranked 50 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged 30.27 percent at the time of writing.
BGB has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BGB.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since BGB is an altcoin we need to transfer our BTC to an exchange that BGB can be traded. Below is a list of exchanges that offers to trade BGB in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase BGB from the exchange view.
Last Step: Store BGB securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your BGB for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy BGB with cash?
There is no direct way to buy BGB with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy BGB in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy BGB or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Bitget Token's fundamentals and current price here.