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Is it possible to sell stocks through Cash App and withdraw the funds as a stablecoin like USDT?

avatarProg RamDec 26, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to sell stocks through Cash App and then withdraw the funds as a stablecoin like USDT. Can Cash App be used as a platform for converting stocks into stablecoins?

Is it possible to sell stocks through Cash App and withdraw the funds as a stablecoin like USDT?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to sell stocks through Cash App and withdraw the funds as a stablecoin like USDT. Cash App offers a feature called Stock Investing, which allows users to buy and sell stocks. However, Cash App does not directly support stablecoin withdrawals. To convert the funds into a stablecoin like USDT, you would need to transfer the funds from Cash App to a cryptocurrency exchange that supports USDT and then withdraw the USDT from the exchange.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Cash App provides a convenient platform for selling stocks, and while it doesn't have built-in support for stablecoin withdrawals, you can easily convert the funds into a stablecoin like USDT. Simply transfer the funds from Cash App to a cryptocurrency exchange that supports USDT, sell the stocks for cash, and then use the cash to buy USDT. Once you have the USDT, you can withdraw it to your preferred wallet or use it for other purposes.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can sell stocks through Cash App, but currently, Cash App does not support direct withdrawals in stablecoins like USDT. However, you can transfer the funds from Cash App to a cryptocurrency exchange that supports USDT, sell the stocks for cash, and then use the cash to buy USDT. Keep in mind that this process may involve additional fees and steps, so it's important to consider the associated costs and make an informed decision based on your specific needs and preferences.