Binance Activates Instant Mastercard Withdrawals

The world’s largest cryptocurrency exchange, Binance, has officially launched a new feature allowing users in the European Economic Area (EEA) and the United Kingdom to instantly convert their crypto assets into fiat and withdraw funds directly to Mastercard-linked accounts. This marks a significant step forward in enhancing user experience, shortening transaction times, and streamlining the crypto-to-fiat conversion process.

Powered by Mastercard Move, the new integration offers two main options for users:

Sell to Card: Instantly sell crypto and receive fiat funds directly to a linked Mastercard.

Withdraw to Card: Transfer existing fiat balances on Binance directly to a Mastercard account.

Both options offer near-instant settlement, subject to the processing times of the recipient’s issuing bank.

To activate this feature, users simply navigate to the “Buy & Sell Crypto” section on the Binance app or website. From there, they can choose either the “Sell” or “Withdraw” option, enter the desired amount, link or select a Mastercard, complete basic security verification, and confirm the transaction. This streamlined process provides near-instant fiat access — a major improvement over traditional bank transfers that can take hours or even days.