Bitget Wallet Unlocks Seamless Fiat Withdrawal: A Game-Changer for Crypto Users

For years, navigating the crypto world has often meant relying on centralized exchanges for the crucial step of converting digital assets back into traditional money. This process, known as off-ramping, has frequently been a bottleneck for users seeking true financial autonomy. Now, a significant shift is underway. Bitget Wallet, a prominent self-custodial wallet, is making waves by introducing a direct fiat withdrawal option, offering a much-anticipated solution for those looking to exit crypto positions with greater ease and control.

Bitget Wallet Pioneers Direct Fiat Exits: What Does This Mean for You?

In a move that underscores the evolving landscape of decentralized finance, Bitget Wallet has officially launched its first fiat withdrawal feature, powered by a strategic partnership with MoonPay. This development is not just another update; it’s a pivotal moment for self-custodial wallets. Previously, users typically had to transfer their assets to centralized exchanges like Bitget Exchange or other third-party platforms to convert stablecoins into fiat. As Jamie Elkaleh, Chief Market Officer at Bitget Wallet, highlighted, this new offering marks a milestone in wallets evolving beyond simple storage, supporting full-cycle asset management within a decentralized network.

This innovation addresses a clear market demand. With industry data, such as TokenInsight reporting a 22% decline in spot trading on centralized exchanges in Q2 2025, the trend towards self-custody and direct off-ramping is evident. Users are increasingly seeking flexible methods to manage their assets without the intermediaries that centralized platforms represent. Bitget Wallet’s integrated on-ramp (already in place since 2023 with MoonPay) and now off-ramp services complete its transactional ecosystem, offering a comprehensive solution for crypto users.

The Power of Fiat Withdrawal: Bridging Crypto and Traditional Finance

The ability to convert stablecoins directly into fiat currency within a self-custodial wallet simplifies a critical aspect of crypto management. This feature is a game-changer for several reasons:

• Enhanced Autonomy: Users retain full control over their funds throughout the entire process, from holding crypto to converting it into fiat, reducing reliance on centralized entities.
• Streamlined Process: The multi-step process of transferring to an exchange, selling, and then withdrawing is condensed into a more direct, in-app experience.
• Increased Accessibility: It opens up easier exit routes for a broader audience, potentially encouraging more mainstream adoption of self-custody solutions.

The new off-ramp supports major stablecoins, including Tether’s USDt (USDT) and USDC, a stablecoin created by Circle and Coinbase. While starting with these two, MoonPay has indicated potential expansion to other stablecoins in the future. The service supports conversion into 25 fiat currencies, including US dollars, euros, British pounds, Swiss francs, and Australian dollars, catering to a global user base.

MoonPay Partnership: Simplifying Your Off-Ramp Journey

MoonPay, a leading crypto payment platform, is the technology behind Bitget Wallet’s new off-ramp feature. This partnership is an extension of an existing collaboration, as MoonPay has been integrated as one of Bitget Wallet’s crypto purchase providers since 2023, enabling users to buy crypto via cards and Apple Pay. This expansion to cover both buy (on-ramp) and sell (off-ramp) functions within the app for the first time signifies a deepened commitment to providing a holistic user experience.

The collaboration leverages MoonPay’s robust infrastructure to facilitate secure and efficient conversions. A spokesperson for MoonPay confirmed their initial focus on USDT and USDC, with plans to potentially broaden the stablecoin offerings, reflecting a responsive approach to user demand and market trends. This synergy between Bitget Wallet’s self-custodial framework and MoonPay’s payment gateway expertise creates a powerful tool for crypto enthusiasts.

Crypto Off-Ramp: A New Era of Self-Custody

The introduction of this direct crypto off-ramp by Bitget Wallet marks a significant step towards a truly comprehensive self-custodial ecosystem. For many, the idea of managing their own keys and assets has been appealing, but the practicalities of moving in and out of the crypto economy often necessitated interactions with centralized exchanges. This new feature empowers users to maintain self-custody throughout more of their financial journey.

Jamie Elkaleh emphasized that “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.” This aligns with a broader industry trend where wallets are evolving from mere storage solutions into comprehensive financial hubs. The ability to directly convert stablecoins to fiat without an intermediary exchange strengthens the case for self-custody, making it a more practical and appealing option for everyday users.

This off-ramp is available in 61 jurisdictions, significantly expanding access to direct fiat conversions for a global audience, further solidifying the wallet’s position as a versatile tool for crypto asset management.

Understanding Stablecoin Conversion: Fees and Minimums

When considering any financial transaction, understanding the associated costs is crucial. Bitget Wallet’s new fiat withdrawal feature comes with a variable fee, typically ranging around 3-4% of the transaction amount. This fee structure is designed to cover processing fees and foreign exchange (FX) related costs, meaning the final rate might fluctuate based on currency exchange spreads at the time of the transaction. While variable, this transparency helps users anticipate costs.

Regarding minimum withdrawal amounts, Bitget Wallet itself does not impose a fixed minimum. However, MoonPay, as the underlying payment provider, does have minimum transaction requirements for selected currencies and payment methods. In most cases, this minimum is approximately equivalent to $20 USD or its local currency equivalent. This low minimum makes the service accessible for smaller transactions, catering to a wide range of user needs.

This is Bitget Wallet’s first off-ramp feature since its official launch under the Bitget brand in 2023, following Bitget’s acquisition of a controlling stake in the wallet (originally BitKeep, operating since 2018). The careful rollout with clear fee structures and accessible minimums reflects a user-centric approach to integrating this vital service.

Conclusion: Empowering Your Crypto Journey

Bitget Wallet’s groundbreaking introduction of direct fiat withdrawal via MoonPay marks a significant leap forward in the usability and autonomy of self-custodial crypto management. By enabling seamless conversion of USDT and USDC into 25 fiat currencies, this feature addresses a critical user need, reducing reliance on centralized exchanges and fostering a more independent crypto experience. As the industry continues to mature, solutions like this empower users with greater control over their digital assets, truly bridging the gap between the decentralized world and traditional finance. This is not just a feature; it’s a testament to the ongoing evolution of crypto towards greater accessibility and user empowerment.