Bitget Wallet Launches Direct USDT and USDC Fiat Withdrawals via MoonPay
Bitget Wallet, the self-custodial wallet under the Bitget exchange, has launched its first fiat withdrawal feature, allowing users to cash out stablecoins like USDT and USDC with the Bitget Wallet USDT USDC fiat withdrawal option, without relying on centralized exchanges.
In partnership with crypto payments firm MoonPay, the new off-ramp service lets users directly convert Tether (USDT) and USD Coin (USDC) into 25 fiat currencies, including the USD, EUR, GBP, CHF, and AUD.
This marks a significant move for self-custodial wallets, which are evolving from simple storage tools into full-cycle decentralized asset management platforms.
Why This Matters: A Shift Away from Centralized Exchanges
Before this update, Bitget Wallet users had to move funds to centralized exchanges (CEXs) like Bitget Exchange or third-party platforms for fiat conversions.
“With more users seeking flexible, self-custodial asset management, offering both onramp and offramp services directly in-app completes Bitget Wallet’s transactional ecosystem,” said Jamie Elkaleh, Chief Market Officer at Bitget Wallet.
The trend aligns with market data: TokenInsight reported a 22% decline in spot trading volume on centralized exchanges in Q2 2025, showing a growing demand for decentralized options.
✅ Key Features of the New Off-Ramp
| Feature | Details |
|---|---|
| Supported Coins | Tether (USDT), USD Coin (USDC) – expansion to more stablecoins expected |
| Supported Fiat Currencies | 25, including USD, EUR, GBP, CHF, AUD |
| Jurisdictions | Available in 61 countries |
| Withdrawal Fees | ~3–4% (includes FX and processing fees) |
| Minimum Withdrawal | ~ $20 USD or local equivalent (MoonPay rules apply) |
| Provider | MoonPay – also Bitget’s on-ramp provider |
MoonPay confirmed that more stablecoins may be added in future updates.
Read More: Crypto Funds Hit Record $4.39B Weekly Inflows in July 2025: Is the Biggest Rally Next?
📉 Fees & Minimums: What Users Should Know
The 3–4% withdrawal fee depends on processing costs and live currency spreads. No fixed minimum is set by Bitget Wallet, but MoonPay enforces ~$20 USD minimums for most transactions.
Background: From BitKeep to Bitget Wallet
- 2018: Wallet launched as BitKeep.
- 2023: Bitget acquired a $30M controlling stake and rebranded it to Bitget Wallet.
- 2023–2024: On-ramp services integrated via MoonPay.
- 2025: First off-ramp service goes live, expanding its DeFi ecosystem.
This move makes Bitget Wallet one of the first major self-custodial wallets to offer direct fiat withdrawals for stablecoins, signaling broader adoption of decentralized finance tools.
📈 What This Means for the Market
✅ Decentralized Finance (DeFi) Gains More Traction: Direct fiat conversions make self-custodial wallets more practical for everyday use.
✅ Less Reliance on Centralized Exchanges: Off-ramp features reduce the need for CEXs, a big plus after recent exchange regulatory crackdowns.
✅ Competitive Advantage: Bitget Wallet positions itself as a full-service DeFi wallet, directly competing with MetaMask and Trust Wallet.
💬 Will You Try Bitget Wallet’s Off-Ramp?
Do you think self-custodial off-ramps are the future of crypto cash-outs? Or will centralized exchanges remain dominant? Share your thoughts below!
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