You’ve come to the correct place if you’re hunting for the top blockchain projects and tokens to invest in. During the mixed market of 2022, most crypto assets haven’t demonstrated price increases in recent months. However, not all crypto assets have fared equally well. In terms of price increases, there have been some winners.
Bitget’s average daily futures trading volume is ten times higher than last year, and the company’s total yearly income has surpassed $300 million, making it a unicorn in the global digital financial market. Furthermore, in March 2021, the firm purchased BitKeep, Asia’s most well-known decentralized wallet, and has since evolved into the world’s largest decentralized finance and Defi 360 trading platform, which offers multi-dimensional asset security.
BGB (Bitget Token) is Bitget’s enhanced platform token. BGB has made amendments to the rights and interests of application to the initial platform token BFT in order to adapt to the evolution of the current platform (Bitget Defi Token).
Token Symbol: BGB
Total supply: 2,000,000,000
Allocation: Existing circulating exchange: 25%, the balances exchange: 75%
What is so special about Bitget Token?
- Spot trading, futures trading, copy trading, and C2C trading are all part of the product range, with copy trading being the world’s biggest cryptocurrency copy trading offering.
- The risk control team comprises the world’s finest financial risk control experts, and they apply A+ risk control principles to safeguard user funds and maintain transaction security.
- Bitget has grown to become the world’s largest cryptocurrency copy trading platform, and it is one of the top five cryptocurrency futures trading platforms in the world.
Now that you know everything about Bitget Token, here is a step-by-step guide on how to buy Bitget coin.
Step 1: Creating a Coinbase account
Visit the coinbase official website. If you don’t have an account on coinbase, you will have to click on get started and complete the 15 min account opening process. The process seems long, but coinbase has security measures to make their platform more secure for crypto transactions. Once you get your identity verified using government ID proof, you can log into your account.
Step 2: Downloading coinbase wallet on your phone
Bitget token is currently not available on the coinbase trading platform. To buy this token, you have to buy another cryptocurrency like BTC or USD. Then, you have to trade this currency to BGB, a bitget token.
Step 3: Buy Crypto on Coinbase
The next step is adding a payment method to your coinbase account.
You can add a payment method to your Coinbase account by clicking on the “Add payment method” box at the top of the main screen, or by clicking on your profile photo, then settings, then payment methods.
Step 4: Purchasing another cryptocurrency
The next step is to buy another cryptocurrency and then move it to an exchange that accepts BGB trades. The safest bet is to buy Bitcoin on Coinbase with USD, as it is the most widely accepted trading pair.
Once you have purchased cryptocurrency in your coinbase account, open your coinbase wallet. (Please note that coinbase trading platform and coinbase wallet are two different platforms and do not operate interconnectedly.
Step 5: Adding USDC to coinbase wallet
After successfully purchasing the USD coin, it’s time to add it to our coinbase wallet to exchange it and get Bitget coin. First, open your coinbase wallet and select Receive option on the home screen. Then select USDC from the list.
Step 6: Exchange the USD coin to Bitget coin
Once you have added the USD coin to your coinbase account, the next step is to exchange the USD coin to Bitget. You can see trade options besides sending and receiving options. Once you click on the trade button, you need to trade the USD for Bitget coin.
What to consider when buying Bitget tokens?
The Bitget platform’s BGB token is a utility token. Securities, stocks, bonds, and other financial derivatives are not included. Users with BGB are responsible for adhering to local laws and regulations at their own risk.
Where else can you buy Bitget Token?
CoinMarketCap features a list of purchase options for each cryptocurrency. Visit the coinmarketcap website and search Bitget. Near the price chart, press the Market button. This section will find a comprehensive list of where you can buy bitget. Under Pairs, you’ll notice the abbreviation of the coin as BGB, as well as a second currency. The second currency is the currency you will swap for buying the coin.
How to sell Bitget Token?
Now that you own the coin, what if you want to sell the coin in the future. The process is straightforward and almost similar to buying a coin, just with a twist. Just as you couldn’t directly buy the bitget token, you cannot sell it. Instead, you will have to exchange it for another crypto coin and export it to your coinbase trading account. Then you can sell the traded crypto.
Step 1: Go to the coinbase wallet app on your phone
Click on the trade option on the home screen and exchange your bitget token for some other crypto.
Step 2: Send the crypto to your coinbase trading account
After trading the bitget coin, send it to your coinbase account by entering the address or by scanning the QR code.
BGB’s price has climbed by 111 percent in the previous 90 days, rising from $0.0958 to $0.2022. Bitget Token is now the best-performing platform token across all cryptocurrency exchanges, outperforming Binance’s BNB, Huobi’s HT, Okex’s OKB, and others.
The cryptocurrency investment market is quickly expanding, and the industry needs a more accessible and user-friendly copy trading platform. Bitget’s mission is to make bitcoin trading more accessible and popular. Bitget aspires to be a world-class cryptocurrency exchange with copy trading functionality and provides significant momentum for the cryptocurrency industry’s growth.
With all these great ambitions, the future of bidget coin seems interesting.