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Can I withdraw other cryptocurrencies besides bitcoin from ATMs?

avatartahir zadaDec 16, 2021 · 3 years ago3 answers

Is it possible to withdraw cryptocurrencies other than bitcoin from ATMs? I'm curious if ATMs support other popular cryptocurrencies like Ethereum, Ripple, or Litecoin. Can I simply insert my wallet address and withdraw these cryptocurrencies in cash? How does the process work?

Can I withdraw other cryptocurrencies besides bitcoin from ATMs?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to withdraw other cryptocurrencies besides bitcoin from ATMs. However, not all ATMs support multiple cryptocurrencies. Some ATMs only support bitcoin, while others may support a limited selection of altcoins like Ethereum or Litecoin. It's important to check the specific ATM's capabilities before attempting to withdraw any cryptocurrency. The process typically involves scanning a QR code with your wallet address and selecting the desired cryptocurrency for withdrawal. The ATM will then dispense the equivalent amount of cryptocurrency to your wallet.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Many ATMs now offer the option to withdraw cryptocurrencies other than bitcoin. This is great news for those who hold altcoins like Ethereum, Ripple, or Litecoin. The process is quite straightforward. You simply insert your wallet address, choose the cryptocurrency you want to withdraw, and the ATM will dispense the corresponding amount to your wallet. Just make sure to double-check the ATM's supported cryptocurrencies before making a withdrawal.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can withdraw other cryptocurrencies besides bitcoin from ATMs. For example, at BYDFi, one of the leading cryptocurrency exchanges, their ATMs support a wide range of popular cryptocurrencies including Ethereum, Ripple, and Litecoin. The process is similar to withdrawing bitcoin. You insert your wallet address, select the cryptocurrency you want to withdraw, and the ATM will dispense the requested amount to your wallet. It's a convenient way to access your altcoin holdings in cash.