Visa and Mastercard deposits now available for immediate use on Bitget platform
Bitget Unveils Instant Crypto-to-Fiat Payout Feature
Bitget, a leading cryptocurrency exchange, has introduced a conversion payout feature that enables users to instantly convert cryptocurrency assets like Bitcoin and Ethereum into fiat currency and deposit the funds directly onto their Visa or Mastercard accounts in real time [1][4][5].
This innovative feature supports over 140 fiat currencies globally, making it highly accessible for users worldwide. The process is simple: users visit the "Buy & Sell Crypto" section on Bitget's platform, select the ‘Sell Crypto’ option, and choose Visa or Mastercard as the payout method. The system instantly converts the crypto at current market rates and deposits the corresponding fiat amount directly onto the selected card [1][4].
The direct card deposit bypasses traditional banking delays or peer-to-peer transaction risks, allowing for near real-time settlement without intermediaries. This feature offers a faster and more secure alternative to bank transfers and peer-to-peer transactions, improving both transaction speed and success rates compared to traditional methods [1][3][4].
In addition to this payout feature, the Bitget Wallet Mastercard provides a seamless experience by allowing real-time top-ups in stablecoins (e.g., USDC) with instant crypto-to-fiat conversion at spend time, no top-up fees, and integration with Apple Pay and Google Pay for easy payment globally [2][3].
Key benefits of this payout feature include:
- Instant conversion and deposit without waiting for bank transfers.
- Support for a wide range of fiat currencies (140+).
- Enhanced security and reliability by eliminating third-party risks common in P2P channels.
- Integration with widely accepted payment methods (Visa and Mastercard).
- Convenience for daily spending and easier real-world utility of crypto assets [1][3][4].
Gracy Chen, CEO at Bitget, emphasizes the goal of making digital assets more functional for real-life utility. The payout feature is one of the efforts to remove barriers between digital assets and real-world use, marking a crucial step towards integrating crypto into daily life [1].
Recent updates have expanded on-ramp and off-ramp options with faster processing, allowing users to access funds instantly on Visa and Mastercard platforms. The payout feature supports minimal friction when converting digital assets into fiat, aligning with Bitget's global strategy to improve fiat accessibility across the Bitget ecosystem.
[1] Bitget Press Release - [Link to Press Release] [2] Bitget Wallet Mastercard Features - [Link to Features Page] [3] Bitget Blog Post - [Link to Blog Post] [4] Bitget FAQs - [Link to FAQs] [5] Bitget Payout Feature Guide - [Link to Guide]
The new payout feature on Bitget, a leading cryptocurrency exchange, allows users to instantly convert cryptocurrency assets like Bitcoin and Ethereum into real-time fiat deposits onto their Visa or Mastercard accounts, bypassing traditional banking delays or peer-to-peer transaction risks [1][4][5]. This innovative technology-driven feature supports over 140 fiat currencies worldwide, making it simple for users to access their funds quickly and securely [1][3][4].
