Binance has partnered with Mastercard to let European users convert crypto to fiat and withdraw funds directly to eligible Mastercard accounts. The new features offer faster and more convenient access to crypto earnings, improving off-ramping options.
Binance and Mastercard Partner for Crypto-to-Fiat Transfers in Europe
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European Binance Users Can Now Off-Ramp Crypto Directly to Mastercard
Binance has launched a new feature that allows European users to convert crypto into fiat and withdraw funds directly to an eligible Mastercard with near-instant settlement. The service is live on both the Binance app and website and is powered by Mastercard Move, the payment giant’s suite of money movement tools.
The new functionality comes in two parts: a “sell to card” option that converts crypto into Euros and sends the funds straight to the user’s Mastercard. The other option is a “withdraw to card” that lets users withdraw existing Euro balances from Binance directly to their card. Both services are currently limited to euro-based payouts, with more currencies expected to be added soon.
Binance Vice President of Fiat, Thomas Gregory, says the new features are designed to make crypto payments simpler.
Our goal is to continue expanding our services with global leaders and innovators in digital payments, like Mastercard, to widen access and possibilities for our broad global user base. We are looking forward to supporting additional products and features, and we remain committed to the highest standards of regulatory compliance.
This upgrade simplifies the off-ramping process for users who want quick access to their funds without relying on traditional bank transfers. With near real-time availability, it bridges a key gap between crypto wallets and everyday fiat spending.
