Victoria, Seychelles--(Newsfile Corp. - April 26, 2023) - Bitget has officially launched a BGB staking service that offers users a better experience. Available to all Bitget.com users, even without KYC verification, stake BGB to withdraw assets with no withdrawal fees.
Bitget Exchange Launches BGB Staking Service
Terms and conditions:
- Zero withdrawal fees: the daily number of zero fee withdrawals depends on user staking amount. See below for details.
| Level | Zero fee withdrawals | Staked BGB |
| 1 | 1 | 2,500 |
| 2 | 3 | 12,500 |
| 3 | 10 | 60,000 |
| 4 | 30 | 240,000 |
| 5 | 100 | 1,000,000 |
Supported coins: All except for burn coins (burn coins: GM (ERC20), PIT (BEP20), BABYDOGE (BEP20), BOT (BEP20), CULT (ERC20), PAXG (ERC20), VOLT (BEP20), VOLT (ERC20), LUFFY (ERC20), TUP (ERC20), TUP (BEP20), GVR (BEP20), CATE (BEP20), BRISE (BEP20), SAITAMA (ERC20), GRV (BEP20), ARBINU (Arbitrum One), HAMI (Arbitrum One), BOO (Arbitrum One), MUTE (ERC20), FAST (BEP20), LUNC (Terra), USTC (378), JNS (C-Chain)) and BTC on the BTC network. User can enjoy complimentary withdrawals on all other coins.
Redemption: redeem the tokens in BGB staking every seven days, after when users get their staked BGB back. Users can also pay a 2% fee to redeem it immediately and get their BGB tokens in ten minutes. All redemptions can be partial or in full. During the redemption period, the status will be shown as redeeming.
Staking profit: stake BGB to get a 2% APY. If users stake on day D, interest will be from day D+1 and distributed from day D+2. Afterwards, interest will be calculated and distributed to user's spot accounts daily. During the redeeming period, no additional interest will be distributed.
About Bitget
Bitget, established in 2018, is the world's leading cryptocurrency exchange with a core focus on copy trading. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL.
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Disclaimer:
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163810
