CoinCorner, one of the UK’s leading cryptocurrency exchanges, today launches free GBP withdrawals for customers trading in pound sterling.

Available with immediate effect, this feature will allow customers to easily and securely withdraw up to £1,000 per day directly to a card in their name at no cost, with larger amounts available on request. GBP card withdrawals typically appear in a customer’s bank account within 24 hours*.

Up until this point, UK customers wishing to use pound sterling have had to do so via international bank transfers in euros, which took between three to five working days to appear within a customer’s bank account, cost up to €35 per withdrawal and required additional information such as an IBAN number.

Danny Scott, CEO at CoinCorner, commented on the announcement: ‘We’re very excited to offer free GBP withdrawals to our customers at a time when transacting in GBP for cryptocurrency is proving problematic while financial institutions refuse to make the move to adopt cryptocurrency trading.

‘This new solution will hugely improve customer experience, making withdrawing funds easier and cost-effective. It builds on other industry-leading innovations that we have introduced over the last four years, continuing towards our goal of making Bitcoin easy.’

CoinCorner was founded in 2014 with the aim of making Bitcoin easy to buy in the UK. The company supports more than 45 countries worldwide and is overseen by the Isle of Man Financial Services Authority. This means that CoinCorner complies with globally accepted anti-money laundering and counter terrorism financing legislation.