Coinbase made a faster way to withdraw cryptocurrencies to bank accounts

Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly.

Coinbase has announced the launch of an “instant” withdrawal function, which is available to clients from nearly 40 countries, including the United States, United Kingdom and EU member countries. Users are now able to receive fiat funds in real time on Visa debit cards linked to their account. In the USA the service is also available for Mastercard card holders.

For European clients the fee for instant withdrawal is 2% (minimum €0.52 or £0.45), for US users — 1.5%, but not less than $0.55. Coinbase noted that now users will be able to choose between the methods of withdrawal, because the process can take up to several days with standard methods.

Representatives of Visa and Mastercard stressed that the new service provided an opportunity to instantly convert cryptocurrencies to fiat and use them for payments.

Cryptocurrencies have many more other use cases. For example, gambling. With blockchain it is possible to create a fair, transparent and quick crypto lotto. Visit Ethex.bet to find out more!

--

--

--

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

BlockX Announces ExMarkets IEO Date

YIN Finance BiWeeks Report Oct 11th-October 22nd

QUINTILLUS 270AD Rome FIDES TRUST Original Authentic Ancient Roman Coin i58659

3 Things to Know About Cryptocurrencies From a Mid 20-Something

GUIDE TO BUY $ACK TOKENS with BUSD

Bithumb Global Integrate New Fiat Gateway — Indocoin

How to create NFTs on the bitcoin blockchain

The impacts of decentralized finance in the financial system

The impacts of decentralized finance in the financial system

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jeffrey Hancock

Jeffrey Hancock

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

More from Medium

Blockchain, Tokens, Africa — Stable Coin Fiasco.

APE Foundation Unveils ApeCoin

MYST-Fits Making Moves On #SOL

Investor spotlight — Crowd Fund Junction

Logo of Crowd Fund Junction and Epic meta is seen