Bitget Wallet Unveils First Fiat Withdrawal Feature via MoonPay

A New Era for Self-Custodial Wallets

Bitget Wallet, the self-custodial crypto wallet backed by leading exchange Bitget, has launched its first fiat off-ramp feature in partnership with the global payment platform MoonPay. The new service enables users to convert stablecoins directly into 25 fiat currencies, eliminating the need to transfer funds to centralized exchanges.

Before this launch, Bitget Wallet users had to rely on platforms like Bitget Exchange or third-party providers to liquidate crypto holdings into fiat. According to Jamie Elkaleh, Bitget Wallet’s Chief Market Officer, the new feature reflects a broader industry shift toward self-custodial asset management solutions that offer a full cycle of crypto-to-fiat transactions.

The full list of fiat currencies supported by Bitget Wallet through MoonPay. Source: MoonPay

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Stablecoin Off-Ramp: Starting with USDT and USDC

The fiat withdrawal service currently supports two of the most widely used stablecoins:

• Tether (USDT) – $1.00

• USD Coin (USDC) – $0.9996

These assets can now be seamlessly converted into major fiat currencies, including the US dollar (USD), euro (EUR), British pound (GBP), Swiss franc (CHF), and Australian dollar (AUD), among others.

“We are starting with USDT and USDC but plan to expand to other stablecoins in the future,” a MoonPay spokesperson confirmed.

Bitget Wallet’s off-ramp feature is available in 61 jurisdictions. Source: Bitget Wallet

Why This Launch Matters

The introduction of fiat withdrawals comes amid a 22% decline in spot trading volume on centralized exchanges in Q2 2025, as reported by TokenInsight. This shift highlights a growing demand for decentralized, flexible off-ramp solutions that give users direct control over their funds.

“With more users seeking flexible, self-custodial asset management, offering both on-ramp and off-ramp services directly in-app completes Bitget Wallet’s transactional ecosystem,” Elkaleh explained.

Fees and Minimum Withdrawal Limits

Bitget Wallet’s fiat withdrawal feature comes with a variable fee of around 3%-4% per transaction, factoring in processing charges and foreign exchange costs.

• Minimum Withdrawal: There is no fixed minimum on Bitget Wallet's side, but MoonPay sets a threshold for certain currencies and payment methods, typically around $20 USD or its equivalent.

Partnership Evolution: From On-Ramp to Off-Ramp

This is Bitget Wallet’s first fiat withdrawal feature since its rebranding in 2023. The wallet, formerly known as BitKeep, was acquired by Bitget in August 2023 for $30 million and has since expanded its ecosystem.

MoonPay has been a partner since 2023, initially supporting crypto purchases via credit cards and Apple Pay. The new fiat withdrawal option expands this partnership, offering both buying and selling of crypto directly within the app.

Off-ramp versus on-ramp transactions in crypto. Source: B2BinPay

Conclusion

With this move, Bitget Wallet joins a growing list of self-custodial wallets offering seamless fiat conversion, positioning itself as a one-stop solution for digital asset management. By combining on-ramp and off-ramp services, Bitget Wallet is eliminating the reliance on centralized exchanges — a major milestone for the future of decentralized finance.

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