Bitget Wallet launches first fiat withdrawal option via MoonPay

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Bitget Wallet, a self-custodial wallet operated by large cryptocurrency speech Bitget, has introduced its archetypal fiat withdrawal enactment with the crypto outgo level MoonPay.

Bitget Wallet has partnered with MoonPay to motorboat a crypto off-ramp allowing users to person stablecoins straight successful 25 fiat currencies, the companies announced connected Tuesday.

“Before the motorboat of this fiat withdrawal feature, Bitget Wallet users typically transferred assets to centralized exchanges specified arsenic Bitget Exchange oregon third-party platforms for fiat conversion,” Bitget Wallet main marketplace serviceman Jamie Elkaleh told Cointelegraph.

According to the exec, the caller motorboat marks different milestone successful the increasing inclination for wallets to germinate beyond storage, supporting full-cycle plus absorption wrong a decentralized network.

Off-ramp is exclusive to Tether USDt and UDSC

Bitget Wallet’s caller off-ramp offering supports large stablecoins, including Tether’s USDt (USDT) and UDSC (USDC), a stablecoin created jointly by the public crypto steadfast Circle and the US crypto speech Coinbase.

The supported fiat currencies see US dollars, euros, British pounds, Swiss francs, Australian dollars and much without relying connected centralized exchanges.

“Regarding the stablecoins, we are starting with USDT and USDC, but volition perchance grow to others successful the future,” a spokesperson for MoonPay told Cointelegraph.

This motorboat reflects the increasing idiosyncratic request for simplified, self-custodial methods to exit crypto positions without relying connected exchanges, Bitget Wallet’s Elkaleh said, adding:

“With much users seeking flexible, self-custodial plus management, offering some onramp and offramp services straight in-app completes Bitget Wallet’s transactional ecosystem.”

He besides mentioned the broader marketplace context, with manufacture information providers similar TokenInsight reporting a 22% diminution successful spot trading connected centralized exchanges successful the 2nd 4th of 2025.

Fees and minimum withdrawal amounts

According to Elkaleh, Bitget Wallet’s caller fiat withdrawal volition person a adaptable fee, typically astir 3-4% of the transaction amount.

“This includes processing fees and FX-related costs, arsenic the last complaint whitethorn fluctuate based connected currency speech spreads astatine the clip of transaction,” Elkaleh told Cointelegraph.

He besides mentioned that there’s nary fixed minimum magnitude connected withdrawals by Bitget Wallet, but MoonPay has a minimum transaction acceptable for selected currencies and outgo methods.

“In astir cases, the minimum is astir equivalent to $20 USD oregon section currency equivalent,” Elkaleh noted.

First off-ramp since Bitget Wallet motorboat successful 2023

Bitget Wallet’s caller stablecoin off-ramp, powered by MoonPay, marks its archetypal off-ramp diagnostic since the wallet’s authoritative motorboat nether the Budget Brand successful 2023.

Originally known arsenic BitKeep, the wallet had been operating since 2018. The rebrand to Bitget Wallet followed Bitget’s acquisition of a controlling $30 cardinal involvement successful August 2023.

While introducing off-ramps 2 years aft launch, Bitget Wallet was antecedently offering on-ramps with the aforesaid provider.

“MoonPay has been integrated arsenic 1 of the wallet’s crypto acquisition providers since 2023, allowing users to bargain crypto via cards and Apple Pay,” Elkaleh said.

“The fiat withdrawal diagnostic marks an enlargement of this existing partnership, extending it to screen some bargain and merchantability functions wrong the app for the archetypal time,” helium added.

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