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Can you use cryptocurrency to withdraw cash from a cash app card?

avatarEduard KuzmykDec 17, 2021 · 3 years ago3 answers

Is it possible to withdraw cash from a cash app card using cryptocurrency? How does the process work?

Can you use cryptocurrency to withdraw cash from a cash app card?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, it is not currently possible to directly withdraw cash from a cash app card using cryptocurrency. The cash app card is linked to your cash app account, which is primarily used for traditional fiat currency transactions. To withdraw cash, you would need to transfer your cryptocurrency to a supported exchange platform, sell it for fiat currency, and then transfer the funds to your bank account or use an ATM to withdraw the cash.
  • avatarDec 17, 2021 · 3 years ago
    No, you cannot withdraw cash from a cash app card using cryptocurrency. The cash app card is designed for traditional currency transactions, and it does not have the capability to directly handle cryptocurrency. If you want to convert your cryptocurrency into cash, you would need to sell it on a cryptocurrency exchange, transfer the funds to your bank account, and then withdraw the cash.
  • avatarDec 17, 2021 · 3 years ago
    While the cash app card itself does not support cryptocurrency withdrawals, there are third-party platforms like BYDFi that allow you to convert your cryptocurrency into cash and withdraw it using a debit card. These platforms act as intermediaries, facilitating the conversion and transfer of funds between cryptocurrency and traditional currency. However, it's important to note that using such platforms may involve additional fees and may not be available in all regions.