Coinbase is now offering “instant” withdrawals in nearly 40 countries via Visa and Mastercard
The largest crypto exchange in the US Coinbase is now offering “instant” withdrawals in nearly 40 countries, including the U.S. and the U.K.
Now you can instantly withdraw cash from your Coinbase account using a linked Mastercard or Visa debit card. Don’t wait days for your cash when you need it now. https://t.co/HZNj9cjzgS pic.twitter.com/IVsyRy4VKu
— Coinbase (@coinbase) October 2, 2020
Coinbase offers instant withdrawals in nearly 40 countries including the US, UK, and more across Europe. Customers in the US, UK, and Europe can withdraw funds with a linked Visa debit card. In the US, customers will be able to also withdraw funds with their Mastercard, said the company’s blog post.
This fresh feature incurs an additional 1.5% charge on U.S. users, while E.U. and U.K. participants pay a slightly higher rate of 2%.
“By enabling real-time card withdrawals through the Visa Direct capability, Coinbase is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 60M merchant locations where Visa is accepted,” said Terry Angelos, SVP and global head of fintech, Visa.
Sherri Haymond, executive vice president of digital partnerships at Mastercard, said Coinbase would leverage Mastercard Send, allowing its customers to withdraw and use their funds wherever Mastercard debit is accepted.
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