Cryptocurrency exchange service Coinomat are now supporting crypto coin withdrawals, allowing customers to transfer them to their Visa or Mastercard debit cards.
Launched back in November last year, Coinomat gave clients the ability to almost instantly exchange their Bitcoins to Litecoins and vice versa.
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Their new withdrawal service currently supports three coins, namely Bitcoin, Litecoin and Peercoin, but other digital currencies will be supported later on. However, the transfer will only be made in US Dollars, so if you haven’t got a Dollar based bank account, you’re at the mercy of your bank’s exchange rate.
Coinomat on their website mention,
“Dear clients, now you are able to withdraw your cryptocurrency to your VISA or Master card through our service. We support all VISA and Mastercards worldwide… If we are unable to transfer funds to your card your exchange is refunded.”
The transfer will take between two to four days to complete.