What is Bitget Token (BGB)?

Bitget Token, or BGB, is the native token of the Bitget crypto exchange. It works much like other exchange tokens. Holding or spending it unlocks discounts and perks on Bitget's platforms, and the company removes some of its supply over time through burns. This guide explains how it works and does not cover its price.

What is BGB in Bitget?

Bitget's December 2024 announcement lists BGB as an ERC-20 token first issued on July 26, 2021. At that time the exchange and its self-custody wallet had separate tokens. The Bitget Wallet blog says that in December 2024 its BWB token was merged into BGB at a rate of 0.08563 BGB per BWB, so that one token would serve both the exchange and Bitget Wallet. The blog said the merge did not change BGB's total supply, and onchain BWB holders on Solana, Base, Ethereum and TON could swap through a dedicated site from December 31, 2024.

What is BGB used for?

Bitget's whitepaper lists these uses:

• Trading fees. Paying spot trading fees in BGB gives a 20% discount.
• Launch events. BGB can be staked in Launchpool to earn new tokens and used to subscribe to Launchpad sales.
• Account perks. Holding BGB counts toward VIP status, and it can serve as collateral in Bitget's crypto loans and some account modes.
• Gas fees. Bitget Wallet lets users pay network fees on several chains in BGB.
• Payments. The whitepaper describes planned use in Bitget Pay and the Bitget Card.

These benefits depend on Bitget's own terms, which can change. Whether you can use the exchange at all depends on where you live.

How does the Bitget token burn work?

A token burn sends tokens to an address no one can spend from. BGB started with a supply of 2 billion. Bitget's whitepaper says the core team's 800 million BGB, 40% of supply, was burned in January 2025, leaving 1.2 billion.

The December 2024 announcement set quarterly burns funded by 20% of quarterly profits from the exchange and wallet. The later whitepaper describes a formula based on BGB used for gas each quarter, the average BGB price and a fixed amount, with burns continuing until total supply reaches 100 million. Bitget says it publishes each burn's size and onchain record afterward.

In September 2025, The Block reported that Bitget moved 440 million BGB to the Morph Foundation. Half, 220 million, was burned at once, and the rest was locked to unlock at 2% a month for ecosystem use. Morph said it would tie future burns to onchain activity. Supply figures change after every burn, so check Bitget's latest burn announcement for current numbers as of November 2026.

Which chain is Bitget token on?

BGB began on Ethereum, and its whitepaper lists it as an ERC-20 token with a published contract address. Since the September 2025 deal, it has also been the native gas and governance token of Morph, an Ethereum layer 2 network, according to The Block. If you hold BGB in a self-custody wallet, check which network you are using before sending it, since the same token can live on more than one chain.