Binance Adds Instant Crypto-To-Mastercard
Binance, the world’s largest cryptocurrency exchange by trading volume and user base, has announced a major update for its European customers: the ability to convert crypto to fiat and transfer or withdraw funds directly to an eligible Mastercard with near-real-time availability.
This new functionality — accessible via the “Buy & Sell” feature on both the Binance website and mobile app — is powered by Mastercard Move, the company’s global suite of money movement solutions. Users can now either sell their crypto holdings and send the converted fiat directly to a linked Mastercard, or withdraw their existing fiat balance to the same card.
Binance users can now effortlessly convert crypto and withdraw funds to their Mastercard
The update is designed to simplify off-ramping by offering a fast, convenient, and secure method to access funds, adding to existing withdrawal options such as bank transfers.
Sell To Card Vs Withdraw To Card
| Aspect | Sell to Card | Withdraw to Card |
|---|---|---|
| Primary Function | Instantly convert crypto to fiat and send it directly to a linked Mastercard with near-real-time availability* | Transfer existing Euro balance directly to Mastercard with near-real-time availability* |
| Use Case | For users holding crypto who want to cash out immediately | For users with a Euro balance already in Binance |
| Supported Currency | Euro payouts only, with more fiat options coming soon | Euro payouts only |
(*Near-real-time availability is subject to the card issuer’s processing capabilities.)
Thomas Gregory, Binance Vice President of Fiat, highlighted the company’s user-first approach:
“With nearly 300 million registered users, our goal is to make payouts from crypto proceeds faster and simpler. The Sell to Card and Withdraw to Card features significantly enhance the off-ramp process for our European customers.”
Gregory added that Binance will continue collaborating with global payment leaders like Mastercard to expand services, support more fiat currencies, and maintain high standards of regulatory compliance, security, and user protection.
Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, echoed this vision:
“Mastercard is committed to enabling crypto for everyday transactions. Through our partnership with Binance, we’re excited to deliver a better payout experience for European users with Mastercard Move.”