KEY FACTS: Bitget Wallet, a leading self-custodial cryptocurrency wallet, has partnered with MoonPay to introduce its first fiat withdrawal feature, allowing users to convert major stablecoins like USDT and USDC into 25 fiat currencies, including USD, EUR, and GBP, across 61 jurisdictions. Launched on July 22, 2025, this feature enables seamless payouts via bank cards, PayPal, Apple Pay, Visa, and Mastercard, with transactions processed within minutes. Building on their 2023 collaboration for crypto purchases, this move enhances Bitget Wallet’s ecosystem, supporting over 80 million users and 130 blockchains, and aligns with the growing demand for decentralized, user-controlled asset management.
Source: Moonpay/ X
Bitget Wallet Partners with MoonPay to Launch First Fiat Withdrawal Feature
Bitget Wallet, a leading self-custodial wallet operated by the major cryptocurrency exchange Bitget, has unveiled its first fiat withdrawal option through a strategic partnership with MoonPay, a global crypto payments provider. Announced on Tuesday, July 22, 2025, this new feature allows users to convert major stablecoins, including Tether’s USDt (USDT) and USDC (a stablecoin developed by Circle and Coinbase) - directly into 25 fiat currencies, streamlining the process of exiting crypto positions without relying on centralized exchanges. This development is a significant milestone in Bitget Wallet’s evolution, transforming it from a mere storage solution into a comprehensive platform for full-cycle asset management within a decentralized ecosystem.
The introduction of the fiat withdrawal feature addresses a growing demand among crypto users for simplified, secure, and self-custodial methods to convert their digital assets into traditional currencies. Historically, Bitget Wallet users seeking to cash out their crypto holdings were required to transfer assets to centralized exchanges, such as Bitget Exchange, or third-party platforms for fiat conversion. This process often involved additional steps, fees, and reliance on intermediaries, which could compromise the autonomy and efficiency that decentralized finance (DeFi) users prioritize.
The new off-ramp feature, accessible via the “Sell Crypto” page within the Bitget Wallet app, enables users in 61 eligible jurisdictions to select their preferred stablecoin and fiat currency, facilitating seamless transactions through MoonPay’s regulated payment infrastructure. Supported fiat currencies include major options such as the U.S. dollar (USD), euro (EUR), British pound (GBP), Swiss franc (CHF), Australian dollar (AUD), and Hong Kong dollar (HKD), among others. Payouts are facilitated through popular methods like bank cards, PayPal, Apple Pay, Visa, and Mastercard, with most transactions processed within minutes after approval.
The collaboration with MoonPay builds on a relationship established in 2023, when Bitget Wallet integrated MoonPay as one of its crypto purchase providers, enabling users to buy cryptocurrencies using cards and Apple Pay. The addition of fiat withdrawals expands this partnership, creating a comprehensive ecosystem where users can both enter and exit crypto markets directly within the wallet.
MoonPay, a registered Virtual Asset Service Provider (VASP) in the European Union and a Money Services Business (MSB) in the United States, ensures that all transactions comply with stringent regulatory standards, including identity verification and anti-money laundering (AML) checks. This compliance provides users with a secure and transparent experience, with real-time transaction tracking available within the Bitget Wallet app and updates sent via email. “
Presently, the cryptocurrency industry is witnessing a shift in user preferences toward decentralized and self-custodial solutions. Industry data from TokenInsight highlights a 22% decline in spot trading volume on centralized exchanges in the second quarter of 2025, signaling a growing preference for tools that allow users to manage assets independently. Bitget Wallet’s new fiat withdrawal feature is in line with this trend, offering a streamlined alternative to centralized platforms.
The feature also reflects Bitget Wallet’s broader vision of “Crypto for Everyone,” aiming to make digital assets simpler, safer, and more integrated into everyday financial activities. With over 80 million users, Bitget Wallet supports more than 130 blockchains and millions of tokens, enabling seamless multi-chain trading across hundreds of decentralized exchanges (DEXs) and cross-chain bridges. Backed by a $300 million user protection fund, the platform prioritizes security while expanding its suite of services, which includes swaps, market insights, staking, rewards, DApp exploration, and payment solutions like crypto cards and QR code-based payments.
The fiat withdrawal feature comes with a variable transaction fee, typically ranging between 3% and 4%, which includes processing costs and foreign exchange-related expenses. These fees may fluctuate based on real-time currency exchange spreads. While Bitget Wallet does not impose a fixed minimum withdrawal amount, MoonPay sets a minimum threshold for certain currencies and payment methods, generally equivalent to approximately $20 USD or the local currency equivalent. This flexibility accommodates both small-scale users and those conducting larger transactions, broadening the feature’s appeal.
Going forward, Bitget Wallet and MoonPay plan to expand the range of supported tokens and fiat currencies. The partnership’s focus is on enhancing accessibility and user control within the DeFi space. Additionally, MoonPay’s recent integration of Revolut Pay for one-click crypto purchases in the UK and EEA complements Bitget Wallet’s new feature, further bridging the gap between traditional finance and blockchain ecosystems.
The fiat withdrawal feature marks the first off-ramp functionality since Bitget Wallet’s official launch under the Bitget brand in 2023, following the exchange’s $30 million acquisition of a controlling stake in the wallet, formerly known as BitKeep, which had been operating since 2018. The rebranding and subsequent enhancements, including the integration of on-ramp services in 2023 and now off-ramp capabilities, reflect Bitget Wallet’s ambition to differentiate itself in a competitive market. The provision of a seamless, secure, and compliant solution for converting crypto to fiat will make Bitget Wallet a one-stop financial gateway for crypto users worldwide.
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