Bitget Unveils Bitget Pay, a Peer-to-Peer Payment Service for Users

Leading crypto exchange Bitget is on a service expansion spree and shows no signs of slowing down. Following the recent launch of PoolX, its innovative crypto staking platform, the exchange has unveiled a new service that promises to make crypto payments easier than ever for its users.

Leading crypto exchange Bitget continues to expand its services, making good on its promise to provide users with a comprehensive crypto experience. Fresh off the launch of PoolX, its innovative crypto staking platform, the exchange has unveiled a new service that will make crypto payments easier than ever for its users.

Bitget Pay, a peer-to-peer payment service for users, was announced by the firm on October 31. The new service supports several popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), according to Bitget. At the same time, the firm highlighted that the service would incur zero fees, be instantaneous, and be available to users globally.

To leverage Bitget Pay, users must ensure they are using the latest version of the Bitget app. They can confirm this by checking for updates wherever they obtain their applications. After ensuring their application is up-to-date, they simply need to follow the steps outlined below:

To make a payment, users only need one of the following: the receiver’s Bitget user ID, phone number, or email. Conversely, users can simply make payments by scanning the receiver’s QR code.

For the first time, users must create a PIN to authenticate payments, with the option to set daily transfer limits. To use this service, both users need to complete Know Your Customer (KYC) verification. The most basic KYC verification level on Bitget requires users to input a valid ID number and complete facial recognition.

Bitget Pay promises to make international payments easier than ever for users by abstracting away the complexities of crypto payments.