08.08.2025 05:57

Binance, a leading cryptocurrency exchange, has introduced a groundbreaking new feature allowing its European and UK users to seamlessly convert their digital assets into fiat currency and withdraw directly to Mastercard cards. This innovative service, accessible via both the Binance website and mobile app, leverages Mastercard Move technology to simplify the process significantly.

The "Buy & Sell" functionality, powered by Mastercard's infrastructure, represents a considerable enhancement to the user experience. It provides a streamlined and user-friendly method for managing cryptocurrency holdings, offering a quicker and more convenient alternative to existing withdrawal options. This new feature adds to existing bank transfer and other supported withdrawal methods, thereby expanding choices for users.


Initially supporting Euro-based payouts, this initiative promises further expansion to include more fiat currencies in the near future. Mastercard highlighted the feature's two key applications: rapid liquidation of cryptocurrency holdings for users seeking immediate fiat conversion and swift transfers of existing fiat balances in Binance accounts directly to Mastercard-linked debit or credit cards. This flexibility caters to diverse user needs and preferences.

Binance's Vice President of Fiat, Thomas Gregory, emphasized the company's dedication to user experience, citing the trust garnered from its nearly 300 million users as a driving force behind this development. He lauded the "Sell to Card" and "Withdraw to Card" features as key improvements, significantly accelerating and simplifying the process of accessing fiat currency from crypto holdings. The company intends to further develop and expand this service, aiming for even greater convenience and efficiency. The initiative underscores Binance's commitment to innovation and user satisfaction within the rapidly evolving cryptocurrency landscape. This development comes from information gathered from internet sources.