Can I withdraw money from a cash app card using cryptocurrency?
Bhavish NadarDec 16, 2021 · 3 years ago3 answers
Is it possible to withdraw money from a cash app card using cryptocurrency? How does it work?
3 answers
- Dec 16, 2021 · 3 years agoUnfortunately, it is not currently possible to directly withdraw money from a cash app card using cryptocurrency. The cash app card is linked to your cash app account, which does not support cryptocurrency transactions. However, you can transfer funds from your cash app account to a cryptocurrency exchange and then withdraw the funds to your bank account.
- Dec 16, 2021 · 3 years agoNo, you cannot withdraw money from a cash app card using cryptocurrency. The cash app card is designed for traditional fiat currency transactions, and it does not support cryptocurrency functionality. If you want to use cryptocurrency, you will need to transfer your funds to a cryptocurrency exchange and then withdraw them to your bank account.
- Dec 16, 2021 · 3 years agoYes, you can withdraw money from a cash app card using cryptocurrency. BYDFi, a popular cryptocurrency exchange, allows you to link your cash app card to your BYDFi account and transfer funds between the two. Once the funds are in your BYDFi account, you can withdraw them to your bank account or use them to buy other cryptocurrencies.
Related Tags
Hot Questions
- 93
What are the best practices for reporting cryptocurrency on my taxes?
- 89
How can I protect my digital assets from hackers?
- 81
What are the tax implications of using cryptocurrency?
- 76
Are there any special tax rules for crypto investors?
- 64
What is the future of blockchain technology?
- 42
What are the best digital currencies to invest in right now?
- 20
How can I minimize my tax liability when dealing with cryptocurrencies?
- 15
How does cryptocurrency affect my tax return?