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Is it possible to add cash to a cryptocurrency app at an ATM?

avatarAshish KaranthDec 27, 2021 · 3 years ago3 answers

I'm curious if it's feasible to deposit physical cash into a cryptocurrency app using an ATM. Is there a way to convert cash into digital currency directly through an ATM? How does this process work?

Is it possible to add cash to a cryptocurrency app at an ATM?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is possible to add cash to a cryptocurrency app at an ATM. Some ATMs are equipped with the functionality to convert cash into digital currency. The process typically involves scanning a QR code provided by the app and inserting the cash into the ATM. The ATM will then transfer the equivalent amount of digital currency to your app wallet. However, not all ATMs support this feature, so it's important to check if your chosen ATM has this capability.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! You can add cash to a cryptocurrency app at certain ATMs. These ATMs are designed to facilitate the conversion of physical cash into digital currency. To do this, you'll need to have a cryptocurrency app installed on your phone and a QR code provided by the app. Simply scan the QR code at the ATM, insert the cash, and voila! Your app will be credited with the equivalent amount of digital currency. It's a convenient way to convert your cash into cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    While it is technically possible to add cash to a cryptocurrency app at an ATM, not all ATMs offer this feature. However, there are some third-party services, like BYDFi, that allow you to deposit cash at participating ATMs and have the equivalent amount of digital currency added to your app. These services act as intermediaries between the ATM and your cryptocurrency app, making the process seamless and secure. Keep in mind that fees may apply, so it's important to check the terms and conditions before using such services.