Giant Bitcoin Exchange Now Offers "Instant" Withdrawal With Visa and Mastercard - News-Credit-Mortgage-Coin

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Friday, October 2, 2020

Giant Bitcoin Exchange Now Offers "Instant" Withdrawal With Visa and Mastercard

 



The cryptocurrency exchange Coinbase currently offers “instant” withdrawals in nearly 40 countries, including the US and the UK.


What Does the New Feature Bring?

The new feature is facilitated by Visa and Mastercard. Coinbase said its customers in the US, UK and Europe can withdraw with a linked Visa debit card. In the USA, they will be able to withdraw money with their Mastercard.


“By enabling real-time card withdrawals through the Visa Direct feature, Coinbase offers a faster, simpler and more connected experience for its users,” said Terry Angelos, Visa's Senior Vice President and global head of fintech. This move also makes it easier to convert crypto balances to fiat, ”he explains.


Cost Fee

Sherri Haymond, vice president of digital partnerships at Mastercard, said Coinbase will leverage Mastercard Send and allow its customers to withdraw and use their funds wherever Mastercard is accepted.

Coinbase said it will charge US customers 1.5% (minimum $ 0.55) and up to 2% from UK and European customers for instant withdrawals.

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