Can I withdraw money from a Bitcoin ATM using a credit card?
PRAIVETAHMEDDec 21, 2020 · 5 years ago4 answers
Is it possible to withdraw money from a Bitcoin ATM using a credit card? I'm curious if I can use my credit card to get cash from a Bitcoin ATM instead of using a debit card or cash. Can anyone provide some insights on this?
4 answers
- sniper appleFeb 02, 2022 · 4 years agoUnfortunately, most Bitcoin ATMs only accept cash or debit cards for withdrawals. Credit cards are generally not accepted due to the risk of chargebacks and potential fraud. It's best to have cash or a debit card on hand when using a Bitcoin ATM.
- Tom BrovenderOct 12, 2021 · 4 years agoNo, you cannot withdraw money from a Bitcoin ATM using a credit card. Bitcoin ATMs are designed to facilitate the exchange of cash for Bitcoin and vice versa. They typically do not support credit card transactions. It's important to have cash or a debit card if you plan to use a Bitcoin ATM.
- Rahaf MahmoudDec 10, 2024 · 8 months agoAs an expert in the cryptocurrency industry, I can confirm that it is not possible to withdraw money from a Bitcoin ATM using a credit card. Bitcoin ATMs are primarily designed for cash transactions. However, there are some third-party services, like BYDFi, that allow you to buy Bitcoin with a credit card and then withdraw it from a regular ATM. Keep in mind that these services may have additional fees and limitations.
- NayifOct 24, 2022 · 3 years agoNah, you can't use your credit card to withdraw money from a Bitcoin ATM. These ATMs are all about cash and Bitcoin. If you want to get cash, you gotta bring some cold hard cash or use a debit card. Credit cards won't cut it here, my friend.
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