Bitget Wallet, a self-discussion portfolio operated by the great exchange of cryptocurrency Bitget, introduced its first Fiat withdrawal option with the Crypto Moonpay payment platform.
Bitget Wallet has teamed up with Moonpay to launch a shift crypto-ramp allowing users to convert stablecoins directly into 25 fiduciary currencies, companies announced on Tuesday.
“Before the launch of this FIAT withdrawal function, Bitget Wallet users have generally transferred assets to centralized exchanges such as Bitget Exchange or third-party platforms for Fiat conversion,” said market director Bitget Wallet, Jamie Elkaleh, Cointelegraph.
According to the executive, the new launch marks another important step in the growing trend so that the portfolios evolve beyond storage, supporting the management of full cycle assets in a decentralized network.
Off-Ramp is exclusive to Tether USDT and UDSC
The new Bitget Wallet off-brevet offer supports the main Stablecoins, including the USDT of Tether (USDT) and UDSC (USDC), a stablecoin created jointly by the public crypto company Circle and the American Coinbase Coinbase Crypto.
Supported fiduciary currencies include US dollars, euros, British books, Swiss francs, Australian dollars and even more without counting centralized exchanges.
“With regard to stablecoins, we start with the USDT and the USDC, but we will potentially extend to others in the future,” Moonpay spokesperson in Cointelegraph told.
This launch reflects the growing demand for users of simplified methods and auto to leave cryptographic positions without counting on exchanges, said Elkaleh of Bitget Wallet, adding:
“With more users looking for flexible asset management and self-mockery, offering onramp and offramp services directly in the application completes the Bitget Wallet transactional ecosystem.”
He also mentioned the broader context of the market, with industry data providers and Tokeninsight reporting a 22% drop in punctual negotiation on the centralized scholarships in the second quarter of 2025.
Minimum costs and amounts of withdrawal
According to Elkaleh, the new Fiat Fiat from Bitget Wallet will have variable costs, generally approximately 3 to 4% of the amount of the transaction.
“This includes processing costs and FX costs, as the final rate can fluctuate depending on exchange differences at the time of the transaction,” Elkaleh told Cointelegraph.
He also mentioned that there was no fixed minimum amount on withdrawals by Bitget Wallet, but Moonpay has a set of minimum transactions for selected currencies and payment methods.
In relation: Circle and OKX launch USDC zero conversions to an American dollar
“In most cases, the minimum is approximately equivalent to $ 20 USD or the equivalent of local currency,” noted Elkaleh.
First ramp out of ramp since launching the Bitget portfolio in 2023
The new Bitget Wallet exit ramp, propelled by Moonpay, marks its first feature out of ramp since the official launch of the portfolio under the budgetary brand in 2023.
Initially known as Bitkeep, the portfolio has been working since 2018. The Bitget Rebrand portfolio in Bitget followed by Bitget’s acquisition of a participation of $ 30 million in August 2023.
While introducing ramps outside two years after the launch, Bitget Wallet previously offered ramps on ramps with the same supplier.
“Moonpay has been integrated as one of the crypto shopping suppliers from the portfolio since 2023, allowing users to buy crypto via cards and Apple Pay,” said Elkaleh.
“The Fiat withdrawal function marks an expansion of this existing partnership, extending it to cover both purchase and sale functions in the application for the first time,” he added.
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