Binance has launched two new features that allows European users to quickly convert their crypto into euros and withdraw their euro balance, straight to a linked Mastercard debit or credit card in just a few steps.
This comes through a new partnership with Mastercard Move, a money transfer service by Mastercard. The update applies to users in the European Economic Area and the United Kingdom (UK). In the past, people often had to rely on bank transfers or outside services, which sometimes took days to complete.
How the New Features Work?
The two services are called ‘Sell to Card’ and ‘Withdraw to Card’. The first allows users to convert crypto like bitcoin, ether, or other supported tokens directly into euros. The funds are then sent to their Mastercard without delay. The second is for users who already have euros in their Binance account. Instead of converting crypto, they can simply transfer that balance to their card.
Thomas Gregory, Vice President of Fiat at Binance, said the new features were built with users in mind. “The new Sell to Card and Withdraw to Card features streamline and enhance the user experience, making payouts of crypto proceeds simpler and faster than ever for our users.”
Binance also posted on X to show how the process works, calling it a way to move crypto to fiat in “near real time” with just a few taps.
Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, said, “Through our global partnership with Binance, we are thrilled to bring an enhanced payout experience to Binance users across Europe, enabled through Mastercard Move.” He added that this step gives people more control over how they manage and spend their money, whether it’s for shopping, bills, or personal use.
To start, customers need to go to the “Buy & Sell” section on the Binance app or website, pick either “Sell” or “Withdraw”, and then choose “Card” as the payment method. If their Mastercard hasn’t been added before, they will need to link it.
Binance, known as the leading crypto exchange by trading volume, said the new service currently supports euro payouts, with other currencies likely to follow. It builds on earlier efforts by the platform to make digital assets more accessible, including the growth of its peer-to-peer network and the introduction of crypto-backed loans in certain areas.
The new card-based withdrawal option helps close the gap between crypto and everyday spending, making it easier for users to access and use their funds when needed.
The feature gives users in Europe quicker access to their money and makes everyday use of crypto more practical. It’s a clear example of how exchanges and payment companies are working together to make digital money more practical for everyone.
Also Read: Fundamental Global Targets $5B Ethereum Treasury via SEC
