Bitcoin exchange CEX.IO has announced the launch of instant USD, EUR, and RUB withdrawals to Visa and MasterCard in addition to fiat fund deposits. Withdrawal requests are processed automatically after their placement, meaning to third party services are not involved. Usually, withdrawals are processed instantly and funds are available right away. However, not all withdrawals may be instant and CEX.IO is negotiating with payment service providers to combat this.
Oleksandr Lutskevych, CEO and Co-Founder of CEX.IO, stated: “Global commonness of using payment cards effectively intersects with people’s will to buy and trade bitcoins. We are proud to tell that there are currently no other exchanges offering instant withdrawals of fiat funds to Visa/MasterCard at low commissions, except for CEX.IO.”
Withdrawals to payment cards are have benefits of high speed or payment processing and low commissions. Once the card in question is linked to CEX.IO profile, a user is able to deposit and withdraw fiat funds to this card in a few steps. PCI DSS certificate obtained by CEX.IO ensures strong safety of provided payment card data. CEX.IO is planning to continue expanding payment options and will introduce options such as bitcoin debit cards, enabling loading cards with bitcoin directly.