Bitget Wallet & MoonPay Enable Fiat Withdrawals

Bitget Wallet Partners with MoonPay for Fiat Withdrawals

Bitget Wallet, the self-custodial crypto wallet from the Bitget exchange, has integrated a new fiat withdrawal option through a partnership with MoonPay, a leading crypto payment provider. This feature, announced recently, aims to simplify the process of converting crypto to fiat currency for its users.

Direct Crypto Cash-Out in 25 Fiat Currencies

This collaboration enables Bitget Wallet users to exchange their cryptocurrencies into 25 fiat currencies, including USD, EUR, and GBP. Users can receive their funds directly to bank cards or via PayPal, eliminating the need to transfer assets to centralized exchanges.

• Supports major currencies like USD, EUR, and GBP
• Direct withdrawals to bank cards and PayPal
• Streamlines crypto-to-fiat conversions

Addressing User Needs

Previously, converting crypto to fiat often required multiple platforms, leading to delays and complexities. With this update, Bitget Wallet streamlines the process, allowing users to manage their crypto activities within a single platform.

Jamie Elkaleh, Chief Market Officer at Bitget Wallet, stated that this feature addresses a key gap in in-app asset management. Following the introduction of fiat-to-crypto purchases in 2023, the addition of fiat withdrawals enhances the accessibility of crypto for Bitget Wallet users.

Fees and Accessibility

Transaction fees for the new withdrawal option range from 3% to 4%, covering processing and currency exchange costs. While Bitget Wallet does not impose a minimum withdrawal amount, MoonPay has minimum limits for certain currencies and payment methods, such as a $20 minimum for some transactions.

Bitget Wallet aims to cater to a diverse user base by accommodating both small and large transactions, enhancing its appeal to a wide range of users.

Looking Ahead

By offering a straightforward fiat withdrawal method, Bitget Wallet differentiates itself in the competitive crypto wallet market. The integration of on- and off-ramp services is expected to drive further growth and attract users seeking convenient crypto transaction processing.

This partnership with MoonPay marks a significant step for Bitget Wallet, empowering users with greater control over their assets and making crypto more accessible for everyday use. Bitget Wallet plans to continue introducing new features to enhance the safety and ease of use of its platform.