Binance has launched near-instant cryptocurrency withdrawals to Mastercard accounts for users across the European Economic Area (EEA) and the United Kingdom. This revolutionary feature allows seamless conversion of digital assets to fiat currency directly through Binance's "Buy & Sell" interface, with funds typically arriving in Mastercard accounts within seconds.
The service requires users to have eligible Mastercard debit or credit cards issued within supported regions. Thomas Gregory, Binance's Vice President of Fiat, emphasized: "The new Sell to Card and Withdraw to Card features streamline the user experience, making crypto payouts simpler and faster than ever for our nearly 300 million users." Mastercard's Scott Abrahams concurrently highlighted the enhanced payout experience.
This development builds upon Binance's existing Visa debit withdrawal capability and introduces transaction limits viewable within the platform. By dramatically reducing withdrawal times from days to seconds, the partnership addresses a major pain point in crypto-fiat conversions and signals growing integration between cryptocurrency platforms and traditional financial infrastructure.
The innovation is expected to increase liquidity management flexibility for European crypto holders, potentially accelerating cryptocurrency adoption for everyday transactions while impacting Binance's total value locked (TVL) metrics due to streamlined fiat off-ramps.