Bitget Wallet turns cashback into Bitcoin and stocks
Bitget Wallet will launch Assetback on Aug. 1, allowing eligible card users to convert purchase rewards automatically into Bitcoin, tokenized gold, U. S. equity tokens, an exchange-traded fund token or. . .
Bitget Wallet will launch Assetback on Aug. 1, allowing eligible card users to convert purchase rewards automatically into Bitcoin, tokenized gold, U. S. equity tokens, an exchange-traded fund token or USDC. SummarySeven reward assets include Bitcoin, tokenized gold, three U. S. stocks, an ETF, and USDC options. Eligible cardholders receive 2% base rewards, while qualifying users can unlock 3% during booster periods. Rewards become redeemable seven days after transactions and require at least one USDC before withdrawal. The companysaidusers can select one of seven assets: BTC, Tether Gold, tokenized Nvidia, Tesla and Alphabet shares, an S&P 500 product, or USDC. Rewards will be generated from qualifying purchases made with the Bitget Wallet Card. Bitget Wallet replaces cash rewards with seven assetsAssetback provides a 2% base reward for cardholders. New users and customers who meet a monthly spending threshold can receive up to 3% through a booster tier. Once unlocked, the higher rate applies during that calendar month and the next one. Users may change their selected reward asset once each month. USDC rewards are credited to the card balance, while other rewards can be moved to a rewards account after reaching at least one USDC in accumulated value. Redemption becomes available seven days after the underlying transaction. However, the advertised rate does not apply to every payment. Bitget Wallet says monthly caps, merchant-category exclusions and risk reviews apply. Refunded, reversed or cancelled transactions do not qualify. The model also replaces the card’s previous zero-fee rewards program, so users should review regional fees and limits. Tokenized stocks provide exposure, not standard sharesThe stock and ETF rewards will usexStocks, which issues blockchain tokens backed by securities held in custody. Available choices include Nvidia, Tesla, Alphabet and an S&P 500-linked product. xStocks says each token is backed one-for-one by underlying securities. However, tokenized equities are not identical to holding shares through a conventional brokerage account. Rights, redemption access, trading availability and investor protections depend on the issuer, platform and user’s location. Bitget Wallet also describes the rewards as available only to eligible users. As previously reported,Bitget Wallet addedmore than 130 xStocks products in May, allowing users to access tokenized equities through its self-custodial application. In related coverage, crypto. newsexplainedhow tokenized stocks work, including issuer, custody, liquidity and regulatory risks. Card access still depends on each user’s regionBitget Wallet says the card serves markets across Europe, Asia and Latin America, with availability also expanding in Africa. Itsofficial card pagestates that cards may operate through Visa or Mastercard depending on the regional issuing partner. The product supports Apple Pay and Google Pay in eligible markets. The card converts selected crypto assets to fiat when users pay merchants. Official termsstate that customers must complete identity checks and live in supported jurisdictions. The terms also permit applicable conversion, foreign-exchange and other charges, meaning Assetback should not be treated as a guaranteed net return. Bitget Wallet says it has more than 100 million users and that spending through its card nearly tripled during the first half of 2026. It also cited monthly crypto-card payment volume of $656 million in May, up from $271 million one year earlier. Those figures are company-provided and have not been independently audited. The Aug. 1 rollout will test actual demandUsers will need Bitget Wallet app version 9. 5. 3 or later to access the updated card. After selecting an asset, eligible cashback will be converted automatically, creating small recurring purchases rather than requiring a separate trade after every card payment. Bitget Wallet describes the process as applying“dollar-cost averaging”to routine spending. That is a company characterization, not a promise that the selected assets will gain value. Bitcoin, tokenized gold and equity-linked products can rise or fall after rewards are credited. There is no verified market reaction because Bitget Wallet is not publicly traded and the announcement does not introduce a new token. The next measurable updates will be redemption activity, reward volumes and whether regional cardholders adopt non-cash rewards after Aug. 1.