The Bitget Wallet Lite mini app, a self-custodial crypto wallet available on Telegram, attracted over six million users within three days of its soft launch.
The Oct. 31 announcement from Bitget Wallet marked the official launch of Bitget Wallet Lite, a multi-chain wallet within Telegram that enables users to buy, store, and send crypto directly through the app. Following its initial rollout on Oct. 28, the mini app quickly gained traction, reaching three million users in just two days and surging to six million on its official launch day. This rapid growth represents half of Bitget Wallet’s 12-million monthly user base.
Alvin Kan, Bitget Wallet’s chief operating officer, attributes the rapid expansion to strategic campaigns, such as reward incentives for early adopters, which encouraged users to join quickly. He explained, “We incentivized early users with gifts and rewards for the first million sign-ups, creating urgency and motivating users to explore Bitget Wallet.” Partnerships with other popular Telegram Mini Apps, like Tomarket, also helped increase the wallet’s visibility and user reach.
Bitget Wallet Lite’s expansion was further fueled by a referral program, allowing users to earn rewards for inviting others to join.
Crypto Wallets Thriving on Telegram
Bitget Wallet Lite joins a list of popular crypto wallet services on Telegram, including Hot Wallet (5.8 million monthly users), Tonkeeper (760,000 users), and OKX Wallet (700,000 users). However, users should exercise caution with Mini Apps on Telegram, as phishing and other security risks are on the rise.
According to Bitget, monthly active user (MAU) data on Telegram may sometimes be inflated, potentially misrepresenting user engagement.
Summary Review: Bitget Wallet Lite, launched on Telegram, drew six million users in three days, driven by early user incentives and partnerships. With Telegram as a hub for crypto wallets, Bitget has quickly joined other popular options like Hot Wallet and Tonkeeper, though users should stay alert to phishing risks on the platform.
Disclaimer: Nothing in this article, or under the responsibility of Web30 News, should be considered financial advice. The information provided is for entertainment and educational purposes only. Cryptocurrency investing carries inherent risks, and potential investors should be aware that capital is at risk and returns are not guaranteed. Always conduct thorough research and consult a financial advisor before making investment decisions.
