In a significant step towards seamless crypto-fiat conversions, Bitget Wallet has officially launched its first-ever fiat withdrawal feature. This new functionality allows users to convert stablecoins directly into local currencies, offering an alternative to traditional centralized exchanges.
Powered by MoonPay, a leading crypto payment platform, the update supports over 25 fiat currencies and is available in 61 regions worldwide. This broad coverage aims to provide greater accessibility for crypto users looking to offload their digital assets.
Users can now directly withdraw USDT and USDC through the Bitget Wallet app, marking a substantial expansion beyond its core storage functions. The fees for these withdrawals typically range between 3% and 4%, depending on current exchange rates and processing costs. Minimum withdrawal amounts are generally set around $20 USD or its local currency equivalent.
This strategic move by Bitget Wallet addresses a growing demand from crypto users seeking more streamlined, independent ways to manage their digital assets. Jamie Elkaleh, CMO of Bitget Wallet, highlighted that this shift reflects the increasing preference for flexible, in-app solutions, especially as spot trading on centralized platforms continues to see a decline.
Bitget Wallet, which was formerly known as BitKeep before its acquisition in 2023, has been actively expanding its offerings. The introduction of this fiat off-ramp completes its integrated buy-and-sell cycle, all within a single, decentralized interface. Previously, the wallet had already incorporated fiat on-ramps, allowing users to purchase crypto with traditional money.
By enabling direct fiat withdrawals, Bitget Wallet is enhancing the user experience and further solidifying its position as a comprehensive platform for managing digital assets without the constant need to interact with centralized exchanges. This development is particularly beneficial for users prioritizing self-custody and direct control over their crypto assets.
July 2025, Cryptoniteuae