Can I Withdraw Cash from an ATM Using a Bitcoin Debit Card?

Coinbase card offers a range of features that provide security and convenience to its users. These features include a mobile wallet application, two-factor identification, instant card freezing, spending tracking, and more. With the help of this card, users can make online and in-store purchases as well as withdraw cash from any Visa-supported ATM around the world. To withdraw money from Bitcoin ATMs, users need to have BTC stored in a cryptocurrency wallet.

When it comes to withdrawing cash from an ATM using a Bitcoin debit card, the card provider takes care of the exchange element of the conversion. This is usually not as favorable as market exchange rates, but it provides an additional layer of convenience that compensates for the slight increase in cost. Wirex is a simple and easy-to-use Bitcoin debit card that offers an optimized user experience. Coinbase was the first platform to offer cryptocurrency enthusiasts the ability to spend their bitcoins directly through its Shift Card solution.

Paycent, a Singaporean financial technology company, also provides a Bitcoin debit card that allows users to purchase items and convert them into bitcoins at the time of the transaction. Paycent offers rewards for early access to interested users. To find a Bitcoin ATM near you, simply Google “Hermes Bitcoin ATM” or go to the Hermes Bitcoin locations page. Wagecan's Bitcoin debit card has an interesting feature - each individual card has its own wallet address printed on it, which is useful for depositing bitcoins and converting them into fiat currency.

Bitpay offers an honest and refreshing approach to Bitcoin debit cards and provides guidance on how to best take advantage of its solution without incurring excessive fees. Bitcoin debit cards offer cryptocurrency investors the ability to bypass the cumbersome steps necessary to convert BTC into fiat currency and allow them to spend their currency freely. Cashing money at an ATM is equivalent to selling bitcoin, says Californian ATM company Hermes Bitcoin. Compared to other debit card solutions in the industry, the Shift card offers a number of attractive advantages. Those who send an email with an access code to potential users, such as friends or family, can earn 0.01 BTC along with the referral if the person spends 0.1 BTC or more at the time of the launch of the Paycent debit card. The purple location marker indicates that this machine can facilitate two-way transactions and allows you to buy bitcoins and withdraw cash in exchange for bitcoins.

Bitcoin debit cards are still very new and in development, so it's also worth considering whether any alternatives might better suit your needs. Even though the list of merchants that accept Bitcoin is continuously expanding, it's still not possible to buy everything with Bitcoin.

Bernt Thomsen
Bernt Thomsen

Hipster-friendly travel enthusiast. Certified coffee lover. Wannabe beer evangelist. Evil music specialist. Wannabe tea expert.