Binance now allows European users to convert cryptocurrency to cash and instantly withdraw to Mastercard
In an important step towards making cryptocurrency more accessible and convenient, Binance has launched a seamless service for converting and withdrawing cryptocurrency to fiat for European users, allowing funds to arrive directly to the corresponding Mastercard accounts in nearly real-time.
This new feature is part of the Binance 'Buy and Sell' service, which is now available on both the Binance website and app, and operates based on Mastercard Move, a suite of money movement solutions from the payment giant. With this update, users can effortlessly sell their crypto assets and receive the fiat equivalent (such as EUR) directly on Mastercard, bypassing the need for traditional bank transfers.
What you can do:
Sell cryptocurrency and withdraw fiat directly to Mastercard
Instantly withdraw existing fiat balances to Mastercard
Get a faster, easier, and safer exit from cryptocurrency
This enhanced feature simplifies access to funds by offering an alternative withdrawal route alongside bank transfers and other supported options.
How to use the new Sell/Withdraw option to Mastercard:
1. Log in to your Binance account via the website or app.
2. Go to the 'Buy and Sell Cryptocurrency' page and select [Sell] or [Withdraw].
3. For [Sell]: Select the cryptocurrency you want to convert and your preferred fiat currency.
4. For [Withdraw]: Select EUR and enter the amount.
5. Link your Mastercard if you haven't done so already.
6. Complete verification and confirm the transaction.
> 📱 Important: Update your Binance app to iOS v2.102.3 or Android v2.102.4 or later to access this feature.
⚠️ Note:
The actual transaction posting time depends on the receiving bank.
This service may not be available in all regions.
Terms and conditions apply.
This update underscores Binance's commitment to making cryptocurrency more suitable for everyday life. With instant access to fiat money via Mastercard, users can manage their assets more flexibly and conveniently than ever before.
Stay tuned for new updates as Binance continues to expand its ecosystem of convenient tools and services.