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How to Send Bitcoin From Cash App? Step by Step Process

October 5, 2022

Did you know that you can use Cash App to buy and send Bitcoin? Buying and selling Bitcoin with Cash App is easy, fast, and secure.

In this article, we will discuss exactly the step-by-step process of how to buy and send BTC on Cash App.

Bitcoin is a revolutionary digital asset in the finance sector and is one of the most used cryptocurrencies in the world. It’s one of the first digital currencies existing outside any government or corporation control.

Over the years, the currency has become even more secure and safe to use cryptocurrency with blockchain technology.

On the other hand, Cash App is another popular innovation that allows you to send and acquire money on the go.

>> Read: How to Add Money to Cash App Card?

It used to be very cumbersome and took a huge amount of time and even higher fees to purchase Bitcoin. However, Up until recently, with Cash App, it now takes a couple of seconds to purchase Bitcoin, and can even withdraw it to a non-custodial wallet with the control of your private keys.

Contents

  • How To Send Bitcoin From Cash App?
  • How To Buy Bitcoin On Cash App?
  • How much Bitcoin can I buy on Cash App?
  • WARNING
  • Updates on Cash App Bitcoin
  • Conclusion:

How To Send Bitcoin From Cash App?

Here are the steps to send bitcoin from Cash App:

  1. Open the Cash app and select the profile icon of the profile in the upper left corner.

  2. Scroll down to funds and select bitcoin to display your total balance.

  3. Tap on the “Withdraw Bitcoin” button.

  4. Choose the amount of BTC to transfer.

  5. Either scan a QR code or select the enter manually alternative to copy/paste the wallet address.

  6. Next, enter your CashApp PIN code or use Touch ID to confirm the transaction.

How To Buy Bitcoin On Cash App?

  • Launch and log into CashApp
  • Select the option of BTC and cash on the screen top.
  • If the options don’t appear, swipe left or right on the BTC symbol available on the top right corner.
  • Ether select the swipe up or the slider and enter the amount of bitcoin that you wanna purchase.
  • Once the BTC amount is entered, Click on the button to buy.
  • Next, use the Touch ID or enter the cash app pin.
  • Press on the confirm button to complete the purchase of the bitcoin.

The Fees for all Bitcoin purchases are 1.75%, which is some of the lowest in the market, but they can vary as per the website.

Cash App charges two kinds of fees for your bitcoin transactions:

  • Service fee for the transaction and
  • Additional fees are determined by price volatility across U.S. exchanges.

Apart from the option to purchase Bitcoin, Cash App also added the ability to even purchase stock and without fees. This feature can be accessed on the rising curved line in the bottom menu and gives two tabs to switch between buying Bitcoin and stocks.

How much Bitcoin can I buy on Cash App?

Cash App currently allows you to purchase Bitcoin worth $100,000 a week and can withdraw $2,000 of Bitcoin a day or $5,000 a week.

Buying and sending Bitcoin on Cash App is pretty straightforward and convenient.

>> Read: How To Find Cash App Bitcoin Wallet Address?

WARNING

Make sure to always double-check the Bitcoin wallet address to send to. In the case that you enter the wrong address in Cash app, your bitcoin will be lost forever. Hence, it is best recommended to copy and paste it from your receiving wallet to avoid any small character errors.

You need to have at least a 0.001 bitcoin balance to make a withdrawal. Withdrawal won’t be processed immediately and take some time for your transaction to be confirmed on the network.

Related read: Cash APP Support Phone Number – Contact Guide

Transfers usually take anywhere from 5-60 minutes depending on network congestion and how fast new blocks are mined.

Updates on Cash App Bitcoin

Bitcoin’s weekly buying limit on its own Cash Ap was quietly lifted in early May 2020 from $10,000 to $100,000.

Jack Dorsey the CEO of both Twitter and Square Inc has made their intention on Bitcoin and its growing adoption.

In November of 2020, the Q3 of Square’s stock soared as their financials were reported to beat their investor expectations by a long shot with a huge reason for that performance as 80% of Cash Apps revenue came from Bitcoin sales.

Square reported Quarterly Bitcoin revenue of over $1 Billion for the first time and it seems like they are working on more features. CashApp would now allow users to make recurring Bitcoin buys that will allows purchasers to practice an investment strategy known as Dollar Cost Averaging to remove the risk of “going all in” at the top.

>> Read: Send Bitcoin from Cash App to Coinbase

Conclusion:

Remember that Bitcoin is volatile and risky with the charge fluctuating heavily. Other expenses for BTC transactions include buying, selling, and maybe chickening out.

Buying and Sending Bitcoin with Cash App is super easy and convenient. Hopefully, this guide helps you on how to send Bitcoin from Cash App.

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About The Author

Laurens Yarpei

I’m Lawrence Yarpei. I have been using Cash App for the past 4 years. In this blog, I help Cash App Users with their Problems and Offer Troubleshoot solutions on everything Cash App-related Problems. Disclaimer: The intention of using trademarks, images, logos, and brand name is for information and referral only and not intended to act as Cash App representatives. We do not provide any service and are not Cash App representatives. This is just an educational blog run by a long-time Cash App user and a lover of the app and its service. Contact Cash App here for your queries: https://cash.app/help

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