The U.S. friendly crypto platform now allows 40 different countries faster cash withdrawals, Coinbase wrote in a Oct. blog . “Customers in the U.S., U.K. and Europe can withdraw funds with a linked Visa debit card,” the post said. “In the U.S., customers will be able to also withdraw funds with their Mastercard.”
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%.
Under usual circumstances, transferring fiat from crypto exchanges takes between one and five business days to settle on the involved bank’s back end. This means users must wait that time period before they can use cash withdrawn from exchanges. This new option from Coinbase speeds along the process when using a payment card, making funds available to spend instantly.