common-close-0
BYDFi
Trade wherever you are!

Can I withdraw cash from an ATM using my CashApp card for cryptocurrency transactions?

avatarMark IgushkinDec 18, 2021 · 3 years ago3 answers

Is it possible to withdraw cash from an ATM using my CashApp card for cryptocurrency transactions? I'm wondering if I can easily convert my digital assets into physical cash.

Can I withdraw cash from an ATM using my CashApp card for cryptocurrency transactions?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, you cannot directly withdraw cash from an ATM using your CashApp card for cryptocurrency transactions. CashApp is primarily a digital payment platform that allows you to send, receive, and store money digitally. While you can use your CashApp card to make purchases at physical stores, it does not support cash withdrawals for cryptocurrency transactions. If you want to convert your digital assets into physical cash, you may need to use a cryptocurrency exchange that offers withdrawal options to your bank account or a peer-to-peer trading platform where you can find buyers who are willing to exchange cash for your digital assets.
  • avatarDec 18, 2021 · 3 years ago
    No, you cannot withdraw cash from an ATM using your CashApp card for cryptocurrency transactions. CashApp is designed for digital transactions and does not provide a direct cash withdrawal feature. If you want to convert your cryptocurrency into cash, you will need to use a different method, such as selling your cryptocurrency on an exchange and then transferring the funds to your bank account. From there, you can withdraw the cash from an ATM using your bank card.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can withdraw cash from an ATM using your CashApp card, but it won't be directly related to your cryptocurrency transactions. CashApp allows you to link your bank account to your CashApp account, and you can use your CashApp card to withdraw cash from ATMs just like any other bank card. However, the cash you withdraw will come from your bank account, not from your cryptocurrency holdings. If you want to convert your cryptocurrency into cash, you'll need to sell your digital assets on a cryptocurrency exchange and then transfer the funds to your bank account before using your CashApp card to withdraw the cash from an ATM.