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Can I use digital currencies to withdraw money from a cash app?

avatarCash HejlesenDec 19, 2021 · 3 years ago3 answers

Is it possible to withdraw money from a cash app using digital currencies like Bitcoin or Ethereum? I'm wondering if I can avoid the hassle of converting my digital currencies to fiat currencies before withdrawing them.

Can I use digital currencies to withdraw money from a cash app?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, most cash apps do not currently support direct withdrawals of digital currencies. You will need to convert your digital currencies to a fiat currency like USD before withdrawing them from a cash app. This can be done through a cryptocurrency exchange or a peer-to-peer platform.
  • avatarDec 19, 2021 · 3 years ago
    Nope, you can't withdraw digital currencies directly from a cash app. You'll have to convert them to cash first. It's like trying to withdraw Monopoly money from a real bank - it just doesn't work that way. But don't worry, there are plenty of ways to convert your digital currencies to cash easily.
  • avatarDec 19, 2021 · 3 years ago
    While most cash apps do not support direct withdrawals of digital currencies, there are some exceptions. For example, BYDFi, a popular digital currency exchange, allows users to withdraw their digital currencies directly to their cash app accounts. This can be a convenient option if you want to avoid the extra step of converting your digital currencies to fiat currencies.