How the Feature Works
Users can now convert and withdraw cryptocurrency holdings in four simple steps:
- Open Crypto Wallet and tap “Send,” then select “Bank Card”
- Choose the cryptocurrency asset and enter withdrawal amount
- Add bank card details for the recipient account
- Confirm the withdrawal; funds transfer directly to the card
| Feature | Details |
|---|---|
| Supported Assets | TON, USDT, BTC, and other tokens |
| Payment Partner | Mercuryo |
| Conversion | Automatic crypto-to-fiat conversion |
| Geographic Restriction | Not available in United Kingdom |
Integration with Earn Campaigns
The withdrawal feature complements Telegram’s existing Crypto Wallet Earn campaigns, allowing users to grow crypto holdings through staking or yield programs and withdraw profits directly to bank cards when needed. This creates a streamlined experience from investment to liquidation within the Telegram ecosystem.
Important Disclosures:
- Cryptocurrency investments carry significant risk
- Service not available to users in the United Kingdom
- Bank card withdrawals processed through third-party partner Mercuryo
Market Significance
This feature represents a significant step in making cryptocurrency more accessible for mainstream users by simplifying the conversion process from digital assets to traditional currency.
By eliminating the need for external exchanges or complex withdrawal procedures, TelegramTelegram reduces friction in the crypto-to-fiat pipeline, potentially accelerating cryptocurrency adoption among its user base.
