CEX.io Launches Instant Transfer to Payment Cards

News and Analysis

Cryptocurrency exchange CEX.io has announced a new option that enables users to instantly withdraw USD, EUR, and RUB to their payment cards. Thus, the company has successfully supplemented its fiat services for Visa and MasterCard.

CEX.io’s CEO Alexander Lutskevich said in a statement:

“Global penetration of payment cards happily entwines with people’s willingness to buy and trade bitcoins. We’re proud that currently CEX.io is the only exchange providing instant withdrawal of funds to Visa/MasterCard at low fees.”

The company noted that once a withdrawal request is placed, it is processed automatically, so a user has no need to log in at third-party services.

In most cases, withdrawals are processed instantaneously, so card owners may use the funds at once. In some cases, however, it may take time, so CEX.io is currently negotiating with payments service providers to maintain instant withdrawal for everyone.

Withdrawals to payment cards are advantageous due to high processing speed and low fees. Once a card is added to CEX.io profile, users may deposit or withdraw fiat assets in a few steps. PCI DSS Certificate granted to the exchange guarantees safety of provided card data.

CEX.io intends to continue expanding its payemnts options. The company plans to release its own debit cards, and add margin trades for bitcoin.

Earlier this month, CEX.io added Ethereum to its trading platform.

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