How To Withdraw EUR, GBP or USD On Tap

When it comes to withdrawing fiat from your Tap account, there are three options available, and the process is simple. The first option is sending the money to a fellow Tap user, which comes free of charge, the second is sending the funds to your own fiat bank account, and lastly sending the money directly to a business. Let’s explore how to do these three options.

Step 1
Intitate the Withdraw

To initiate a withdrawal, select the blue Withdraw button on the homescreen of the app, select “Send to Bank Account” to send to yourself or directly to a business.
If you would like to transfer funds to another Tap user select the first option and follow the our guide here:
How To Send Crypto Or USD/EUR/GBP To Other Tap Users For Free
Step 2
Add Beneficiary

From the beneficiary page, select the blue plus button and choose the relevant transfer option transfer type: To MyselfTo A BusinessTo Another Person
(Type 1) Step 3:
To Send Funds To Yourself
Select a Beneficiary from the list or add a new one if you don’t have any. You can do so by selecting the blue plus sign in the top right-hand corner, then selecting the Internal (TAP) Beneficiary option.
(Type 2) Step 3:
Send Funds Directly to a Business
Select the third option “To a business”, and enter the necessary information. A confirmation code will be sent to your registered mobile number, enter this when prompted.
Step 4:
Complete your Withdrawal
Select the third option “To a business”, and enter the necessary information. A confirmation code will be sent to your registered mobile number, enter this when prompted.
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Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. Cards provided to EEA residents are issued by Transact Payments Malta Limited and cards provided to UK residents are issued by Transact Payments Limited pursuant to licences by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission.
Tap Global Limited (Tap) is licensed and regulated by the Gibraltar Financial Services Commission under the Distributed Ledger Technology (DLT) with license No. 25532.
*the rates applied for transactions within your free limit will be calculated using the Mastercard rates at the time of the transaction, these rates will have no additional mark up or fees from Tap Global Limited.