Bitget Wallet has announced an update that allows users to withdraw fiat currencies directly through the app, significantly expanding its functionality.
New Features of Bitget Wallet
The update from Bitget Wallet, powered by MoonPay, supports over 25 fiat currencies and is available in 61 regions. Users can now offload USDT and USDC directly through the app, marking a significant expansion of the wallet’s functionality beyond just storage.
Withdrawal Fees and Conditions
Fees for withdrawals range from 3% to 4%, depending on exchange rates and processing costs. The minimum withdrawal amount is typically around $20, making the process more accessible for users.
Trends in the Cryptocurrency Space
This move comes as more crypto users look for streamlined ways to manage their assets independently. Bitget’s CMO, Jamie Elkaleh, noted that the shift reflects increasing demand for flexible in-app solutions as spot trading on centralized platforms continues to decline.
Thus, the introduction of direct fiat withdrawals in Bitget Wallet demonstrates the platform's adaptation to user needs and the growing trend toward self-custody in cryptocurrency.
