Bitget Wallet, a self-custodial cryptocurrency wallet with more than 100 million users worldwide, has introduced Virtual Account, a feature designed to let users receive traditional bank transfers directly into their wallets.
Provided through licensed partner Noah, the feature gives users personal USD and EUR account numbers accessible within Bitget Wallet. It offers an alternative route for moving money from bank accounts into crypto without relying on centralized exchanges.
Incoming funds are automatically converted into USDT or USDC, which can then be used across the wallet's financial services, including card payments, QR payments, cross-border transfers, yield earning and investments in crypto assets and tokenized real-world assets.
Virtual Account supports incoming transfers through ACH and Fedwire in the United States, SEPA in Europe, and SWIFT for international transfers.
According to Bitget Wallet, users can open an account for free without local residency requirements or a branch visit. The service currently supports incoming transfers, with outbound bank transfers planned for the coming months.
The launch adds a bank-transfer receiving function to Bitget Wallet's Onchain Payments Matrix, its payment infrastructure spanning crypto assets, stablecoins and traditional financial rails.
The infrastructure also supports the wallet's payment card, QR transactions and cross-border transfer services.
Targeting cross-border workers and international payments
The new service could be particularly relevant to freelancers, remote workers and users in emerging markets, where access to foreign currency accounts and international banking services can be limited.
For example, freelancers working with overseas clients can receive USD or EUR payments without maintaining a traditional bank account in the sender's country. The feature also supports international remittances and transfers from existing bank accounts into stablecoins.
Unlike conventional crypto exchange deposits, the converted stablecoins are delivered to users' self-custodial wallets, where they retain control of their private keys.
"Crypto wallets are evolving into everyday financial hubs, bringing together the tools people need to receive, manage, and move money globally while maintaining control of their assets," said Alvin Kan, COO of Bitget Wallet. "For many users, especially in markets where access to dollar accounts or cross-border banking remains limited, bringing these payment rails directly into a self-custodial wallet creates a more accessible way to participate in the global financial system."
Potential savings on cross-border transfers
Bitget Wallet said Virtual Account could reduce the cost of international transfers compared with conventional remittance services.
A $500 ACH transfer through the feature incurs approximately $2 in Bitget Wallet fees, compared with a global average remittance cost of around 6%, or approximately $30 on a $500 transaction, based on World Bank data.
The comparison does not include every potential charge. Fees imposed by sending banks, intermediary institutions or blockchain networks may apply separately.
The feature also reflects a broader push to expand self-custodial wallets beyond asset storage and trading access. By connecting bank transfers with stablecoin balances and payment services, Bitget Wallet aims to provide users with a broader set of financial functions while allowing them to retain control of their wallet keys.
The initial rollout covers incoming transfers, while outbound bank transfer functionality remains planned rather than available at launch. Access to the service may also depend on eligibility and applicable requirements.
The development reflects a wider trend among crypto wallet providers to bring banking-style functions into self-custodial applications, combining access to stablecoins with more familiar ways to receive and spend money.
