Bitget Token (BGB) review: Everything you need to know about BGB

Bitget Token (BGB) is the official cryptocurrency of the Bitget platform, a global cryptocurrency exchange. Accordingly, the value of this token is to enhance user experience as well as promote participation in the platform.

If you want to know more information about Bitget Token and its construction platform, please follow the following content from AZcoin.

What is Bitget Token (BGB)?

Bitget Token abbreviated as BGB, is an official cryptocurrency of the Bilget platform, a global cryptocurrency exchange. Some general information about this platform if you want to learn more:

• Bilget is a cryptocurrency exchange founded in 2018.
• Bilget owns a registered user base of more than 20 million to date.
• Bilget has an average daily trading volume of up to 1 billion USD.
• Bilget announced an exclusive partnership with Messi in 2022.

At this exchange, Bitget Token is used not only as a regular token, but it is the key to bringing more benefits to users. On the other hand, it contributes to promoting the participation of other potential users to the platform.

Does Bitget have any impressive products?

Besides Bitget Token, the Bitget platform also owns many impressive products such as:

• Spot Trading: Allows users to make instant transactions with various cryptocurrencies.
• Copy Trading: Supports users to follow and copy the trading strategies of successful investors. Completely free, investors also earn profits from their followers.
• Spot Margin: Margin trading on the spot market with a more convenient borrowing and leverage trading process.
• Trading Bot: Use bots to automate trading. There are up to 11 types of bots corresponding to different trading strategies.
• Earn: These are investment products of the Bitget exchange, allowing users to earn profits from staking.

Besides, if you have time, we would like to suggest you check out other interesting content such as: Celestia Coin, Notcoin, ONDO,…

Bitget Token Use Case

As mentioned before, Bitget Token has great value for the Bitget platform, accordingly, the use value of this cryptocurrency is huge. You can use it for tasks such as:

• Reduced transaction fees: You can enjoy preferential transaction fees when using BGB.
• Margin contracts: BGB allows you to participate in margin contracts on the exchange.
• Trading Increases Income: Using BGB can help increase your chances of earning income from trading.
• Join Launchpad and Launchpool: You have the opportunity to participate in new projects through Launchpad and earn more profits from staking in Launchpool.
• Reduced ordering fees: Using BGB can help reduce costs when ordering other assets.
• Access mystery boxes: BGB provides access to mystery boxes, which may contain special rewards.
• Participate in the lottery: BGB provides lottery tickets with high reward value for users.

Overview of Bitget Token

Specifications

• Token Name: Bitget Token
• Ticker: BGB
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0x19de6b897ed14a376dda0fe53a5420d2ac828a28
• Token type: Utility
• Total Supply: 2.000.000.000 BGB
• Circulating Supply: 1.400.001.000 BGB

Allocation rate

The current allocation rate of Bitget Token can be specifically listed as follows:

• Replace BFT: 25% – Equivalent to 500.000.000 BGB
• Investment in employees: 20% – Equivalent to 400.000.000 BGB
• Investment in the ecosystem: 15% – Equivalent to 300.000.000 BGB
• Offer: 15% – Equivalent to 300.000.000 BGB
• User input: 15% – Equivalent to 300.000.000 BGB
• Bitget Protection Fund: 10% – Equivalent to 200.000.000 BGB

Transaction costs at Bilget

Information on transaction costs at Bilget will be as follows:

• Deposit fee: Bilget is completely free for users when depositing money into their accounts.
• Transaction fees:
  • Spot transactions: Standard fee is 0.1% of the value of each transaction.
  • Future trading: The standard fee for Maker is 0.02% and for Taker is 0.06% of the value of each transaction.
• Withdrawal fees: Withdrawal fees at Bilget vary depending on the currency being withdrawn and depending on the market situation.

How to register Bilget?

If you want to register as a member at Bilget, let us share with you how to do it as follows:

• Step 1: Access the following address www.bitget.com.
• Step 2: Find the Signup section and provide the required registration information.
• Step 3: Perform identity verification by selecting Account and then ID Verification. Be sure to provide the required information and images following Bilget’s privacy policy.
• Step 4: Find the Security Settings section then select the Set button in the Google Authenticator code section. Note that this can only be done when the Email has been verified and be careful when storing the key code provided.
• Step 5: Find the Assets section to deposit money into your account.

Conclusion

We have finally learned together all the most general information about Bilget Token. If you are interested in investing in this cryptocurrency, we recommend you take a look at the best crypto exchanges page.