- Bitget Wallet users can now off-ramp USDT and USDC into 25 fiat currencies directly through the wallet via MoonPay.
- The fiat withdrawal feature includes a variable fee of 3–4%, with a minimum transaction of around $20, depending on currency and method.
Bitget Wallet, the self-custodial wallet backed by leading crypto exchange Bitget, has launched its first fiat withdrawal feature in collaboration with crypto payments provider MoonPay.
This move allows users to off-ramp stablecoins like USDT and USDC into 25 fiat currencies directly through the wallet, without needing centralised exchanges.
Moving Beyond Storage
The off-ramp currently supports Tether’s USDt and Circle-Coinbase-backed USDC.
According to Bitget Wallet’s chief market officer, Jamie Elkaleh, the initiative signals a broader industry shift towards wallets becoming comprehensive asset management tools.
“Before the launch of this fiat withdrawal feature, Bitget Wallet users typically transferred assets to centralized exchanges such as Bitget Exchange or third-party platforms for fiat conversion,” said Elkaleh.
With this feature, users can convert crypto holdings into fiat, including USD, EUR, GBP, CHF, AUD, and others, all while remaining within the self-custodial Bitget Wallet ecosystem.
Growing Demand for Flexible Exits
Elkaleh emphasised that the move aligns with rising demand for decentralised tools that support full-cycle asset management.
“With more users seeking flexible, self-custodial asset management, offering both onramp and offramp services directly in-app completes Bitget Wallet’s transactional ecosystem,” he said.
This shift comes amid a 22% decline in spot trading volume on centralised exchanges in Q2 2025, as reported by TokenInsight.
The fiat withdrawal carries a variable fee, typically between 3% and 4%, factoring in FX spreads and processing charges.
While Bitget Wallet imposes no fixed minimum withdrawal amount, MoonPay has a minimum threshold, generally around $20 or its local currency equivalent.
The feature marks Bitget Wallet’s first off-ramp since its rebrand from BitKeep in 2023, following Bitget’s $30 million acquisition.
The wallet had previously offered on-ramp services through MoonPay, including crypto purchases via cards and Apple Pay.
Edited by Annette George
