Buy & Swap Bitget Token (BGB)

One token for exchange and wallet

Bitget describes BGB as the ecosystem token for both the Bitget exchange and Bitget Wallet.

On the exchange side, Bitget lists early access to new tokens through Launchpad, rewards from locking BGB in Launchpool, and access to new tokens through PoolX. That gives holders a reason to use the token rather than simply keep it.^{[1], [2]}

A smaller supply

BGB started with a supply of two billion tokens, a quarter of which went to holders of the earlier BFT token through a swap.

At the end of 2024, Bitget burned 800 million BGB, reducing the total supply to 1.2 billion. That single step removed two fifths of the original supply.^{[3], [4]}

Burns tied to use

From 2025, Bitget's quarterly burns are based on the amount of BGB used as gas fees in that quarter. The burn therefore follows how much the token is actually used.

Bitget's updated white paper also sets out a quarterly buyback and burn using 20% of profits from exchange and wallet operations. Holders can follow both rules from Bitget's published documents.^{[5], [7]}

The official contract

Bitget's white paper names Ethereum (ERC-20) as BGB's chain, with the contract address 0x54D2252757e1672EEaD234D27B1270728fF90581 and an issuance date of 26 July 2021.

Bitget's support pages explain that every token has its own contract address on each blockchain, which is how otherwise similar tokens are told apart. Checking the address is the simplest way to confirm you hold real BGB.^{[6], [10]}

A deployment on Morph

BGB is also used for on-chain trading on Morph, a separate network. Bitget ran a one-to-one swap there from an old contract to a new one to support a smart-contract upgrade.

Bitget's notice made clear that the swap affected only BGB's on-chain trading on Morph, not spot or futures trading on the exchange. Clear notices like this help holders on each network know which version applies to them.^{[8], [9]}

Why an exchange token links to real use

An exchange token is most useful when it connects to things holders already do. BGB's design leans on that idea. Holders who trade on Bitget can use it for access to new token launches and rewards, and people who use Bitget Wallet meet the same token there, so one asset carries across both products.

The burn rules follow the same logic. Since 2025, the quarterly burn is tied to how much BGB was spent as gas fees, and the white paper adds a buyback funded by a share of exchange and wallet profits. Both are set out in documents anyone can read, which lets holders follow how supply changes each quarter rather than relying on announcements alone.

Taken together, the token's uses and its supply rules point in one direction: the more BGB is used, the more of it is removed.^{[1], [2], [5], [7]}

Which other networks are official

Bitget's white paper documents BGB on Ethereum, and its support pages describe the Morph deployment. Whether Bitget recognises other contract addresses on further networks, such as BNB Chain, is UNKNOWN from the official pages reviewed.

No such address is assumed here.^{[6], [9]}