11 June 2019, 13:06
2 min reading
Cryptocurrency holders have been looking for effective ways to withdraw digital currencies for a very long time. Whether you trusted a traditional crypto exchange or relied on a cutting-edge crypto wallet, the options were always quite limited. Those days are over. Today, we are introducing Card Payouts — the easiest, fastest and cheapest way to
Cryptocurrency holders have been looking for effective ways to withdraw digital currencies for a very long time. Whether you trusted a traditional crypto exchange or relied on a cutting-edge crypto wallet, the options were always quite limited.
Those days are over. Today, we are introducing Card Payouts — the easiest, fastest and cheapest way to cash out your favorite cryptocurrencies. With this new feature, you can instantly send digital currencies to any MasterCard and VISA for a very low commission. Here is how it works:
Each Crypterium feature is designed to offer an outstanding user experience. This one is no exception. Our team has simplified the process as much as possible so that you can send Bitcoin to your card in under 1 minute. Here is how it works:
To transfer your cryptocurrencies to a bank card, open your Crypterium App and click on the Cash Out feature. You will find this feature at the top of the dashboard, as well as in the «Money Transfer» section.
The Crypterium App will display a source balance by default. If you wish to choose another balance to draw funds, click on «From» and select your desire balance from the drop down. You can use any of your balances.
It’s now time to enter your bank card details. Unlike other solutions in the market, we only need your 16-digit card number. We will never ask for your CVV code. This feature works with both MasterCard and VISA debit and credit cards.
You can either enter the crypto amount you wish to transfer or the specific EUR amount you would like to receive in your bank card. Once you’ve done so, Crypterium SX; our AI-based matching engine will offer you the best available rate in the market. We’ll also show an estimated processing time and the total fee.
Go over the details and make sure everything is correct, especially your card number. If things look good, click Pay and get yourself a coffee. Your funds will arrive soon!
We get it. Fees are a pain. Especially when no one around seems to be straightforward about them. In many exchanges, it’s nearly impossible to find their withdrawal fees. At Crypterium, what you see is what you pay. No hidden fees. No surprises to you or your balance.
For example: let’s imagine you would like to withdraw 100 EUR to your bank card. In this particular case, you would pay a 2.5% (2% + 0.5% in CRPT) on the transaction amount (100 EUR x 2.5% = 2.5 EUR) and a fixed 1 EUR, resulting in a total fee of 3.5 EUR.
It’s worth mentioning that the 0.5% in CRPT is used to actually load funds to your bank card. The commission is deduced in the payout currency from the user’s balance, so there is no need to have CRPT in your wallet. We automatically convert that 0.5% to CRPT for subsequent burning.
Long gone are the days you had to wait up to 5 days for funds to hit your bank account. Withdrawals to your debit or credit card are processed instantly so that you can access your money on the spot.