Back

Bitget Wallet Launches First Fiat Withdrawal Option via MoonPay

Bitget Wallet's new feature allows users to convert stablecoins into over 25 fiat currencies, streamlining crypto-to-fiat transactions for self-custodial wallet users.

USDT
USDC

Summary

Bitget Wallet has launched its first fiat withdrawal option in partnership with MoonPay, enabling users to convert stablecoins like USDT and USDC into 25 fiat currencies. This feature aims to simplify crypto-to-fiat transactions without relying on centralized exchanges. Available in 61 jurisdictions, the service incurs variable fees of around 3-4% of the transaction amount. Bitget Wallet, previously known as BitKeep, has expanded its asset management capabilities following a $30 million acquisition in 2023.

Terms & Concepts
  • Fiat Withdrawal: The process of converting cryptocurrency into traditional currency, allowing users to access cash directly.
  • Stablecoins: Cryptocurrencies pegged to a stable asset, such as the US dollar, to minimize price volatility.
  • Self-Custodial Wallet: A type of digital wallet where users retain full control over their private keys and cryptocurrency assets.