Bitget Wallet has rolled out its first fiat withdrawal feature, giving users a way to convert stablecoins into local currencies without relying on centralized exchanges.
The update, powered by MoonPay, supports over 25 fiat currencies and is available in 61 regions.
Users can now offload USDT and USDC directly through the app, marking a significant expansion of Bitget Wallet’s functionality beyond storage. Fees range between 3% and 4%, depending on exchange rates and processing costs, with minimum withdrawals typically set around $20.
This move comes as more crypto users look for streamlined ways to manage assets independently. Bitget’s CMO, Jamie Elkaleh, noted that the shift reflects increasing demand for flexible, in-app solutions as spot trading on centralized platforms continues to decline.
Bitget Wallet, formerly BitKeep, was acquired in 2023 and has since added fiat on-ramps. The new off-ramp completes its buy-and-sell cycle within a single decentralized interface.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitget-wallet-adds-direct-fiat-withdrawals-as-self-custody-trend-grows/