Bitget Wallet Launches Fiat Withdrawals via MoonPay Partnership
Cryptocurrency Exchange Unveils Feature to Convert Stablecoins to 25 Fiat Currencies
Bitget Wallet, the self-custodial cryptocurrency wallet operated by major exchange Bitget, has introduced its first fiat withdrawal option in partnership with crypto payment platform MoonPay, according to an announcement made on Tuesday.
The new feature enables users to convert stablecoins directly into 25 fiat currencies through the wallet’s interface, eliminating the need for transfers to centralized exchanges for fiat conversion.
According to Bitget Wallet chief market officer Jamie Elkaleh, this innovation represents a significant milestone in the evolution of cryptocurrency wallets beyond simple storage solutions.
“The launch marks another milestone in the growing trend for wallets to evolve beyond storage, supporting full-cycle asset management within a decentralized network,” Elkaleh told Cointelegraph.
Off-Ramp Supports Tether and Circle-Coinbase Stablecoins
The wallet’s off-ramp functionality, exclusive to Tether’s USDT and Circle-Coinbase’s USDC, supports 25 fiat currencies including USD, EUR, GBP, and AUD without relying on centralized exchanges.
“Regarding the stablecoins, we are starting with USDT and USDC, but will potentially expand to others in the future,” a MoonPay spokesperson confirmed.
“With more users seeking flexible, self-custodial asset management, offering both onramp and offramp services directly in-app completes Bitget Wallet’s transactional ecosystem.”
Evolving Wallet Functionality
This represents Bitget Wallet’s first off-ramp feature since its official launch under the Budget Brand in 2023. Originally known as BitKeep, the wallet had been operating since 2018.
While introducing off-ramps two years after launch, Bitget Wallet had previously been offering MoonPay as a crypto on-ramp provider since 2023.
“MoonPay has been integrated as one of the wallet’s crypto purchase providers since 2023, allowing users to buy crypto via cards and Apple Pay. The fiat withdrawal feature marks an expansion of this existing partnership, extending it to cover both buy and sell functions within the app for the first time,” Elkaleh noted.
Fees and Minimum Withdrawals
Withdrawals feature variable fees, typically around 3-4% of the transaction amount, covering processing fees and FX-related costs.
The minimum withdrawal amount varies by currency and payment method, typically ranging from approximately $20 to $30 USD equivalent, according to Bitget Wallet.
Geographic Availability:
The off-ramp feature is currently available in 61 jurisdictions.
Broadening Crypto User Experience
Bitget Wallet’s chief market officer noted that this expansion reflects growing user demand for simplified, self-custodial methods to exit crypto positions without relying on exchanges.
In a broader market context, as reported by industry data providers, spot trading volume on centralized exchanges saw a 22% decline in the second quarter of 2025, highlighting shifting user preferences.
