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Can you withdraw money from Apple Pay using cryptocurrency?

avatarRakesh Ranjan PradhanDec 16, 2021 · 3 years ago3 answers

Is it possible to withdraw money from Apple Pay using cryptocurrency? I'm curious if there's a way to transfer my cryptocurrency funds to my Apple Pay account and then use it to make purchases or withdraw cash. Can anyone provide some insights on this?

Can you withdraw money from Apple Pay using cryptocurrency?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, as of now, it is not possible to directly withdraw money from Apple Pay using cryptocurrency. Apple Pay is primarily designed for traditional payment methods such as credit cards, debit cards, and bank accounts. While there are some third-party apps and services that claim to offer cryptocurrency integration with Apple Pay, they usually function as intermediaries, converting your cryptocurrency to fiat currency before it can be used with Apple Pay. It's important to note that these services may charge additional fees for the conversion and may not be available in all regions.
  • avatarDec 16, 2021 · 3 years ago
    No, you cannot withdraw money from Apple Pay using cryptocurrency. Apple Pay is a digital wallet service that allows you to make payments using your linked credit or debit cards. It does not support direct integration with cryptocurrencies. If you want to use your cryptocurrency for purchases or withdrawals, you would need to convert it to a traditional currency first and then transfer it to your bank account or a cryptocurrency exchange that supports withdrawals to a bank account.
  • avatarDec 16, 2021 · 3 years ago
    While Apple Pay itself does not support direct withdrawal of funds using cryptocurrency, there are some third-party platforms and services that facilitate the conversion of cryptocurrency to fiat currency, which can then be transferred to your Apple Pay account. One such platform is BYDFi, a popular cryptocurrency exchange that offers seamless integration with Apple Pay. With BYDFi, you can convert your cryptocurrency to fiat currency and transfer it to your Apple Pay account, allowing you to use your funds for purchases or withdrawals. However, it's important to note that fees and restrictions may apply, so it's always a good idea to do your research and choose a reliable platform for such transactions.