Published 10:46 IST, May 20th 2020

How to send Bitcoin on Cash App? Learn how to buy or withdraw Bitcoins easily

How to send Bitcoin on Cash App? Here is everything you need to know about how to buy, withdraw or send Bitcoins. Learn the procedures in a simple guide here.

Reported by: Yash Tripathi
Follow: Google News Icon
  • share
null | Image: self
Advertisement

Cash App currently has 7 million active users who use this application for transferring money and paying monthly bills. As users of this mobile app keep growing daily, Cash App recently updated its layout and added ability to purchase stock and without fees in its Investing section which gave users access to buy, withdraw and send Bitcoin easily. However, sometimes a few users find it hard to understand several things, especially how to send Bitcoin on Cash App or how to buy Bitcoin on Cash App. If you wish to buy, withdraw or send Bitcoin using Cash App, here is a step by step guide for you.

Also Read | What does pending mean on Cash App? Learn all about Cash App pending status here

Advertisement

How to buy Bitcoin on Cash App?

  • Open Cash app and tap on "Rising curve" icon or "Investing" section in bottom menu. Two options will appear such as "Buying stocks" and "Bitcoin."
  • Tap on Bitcoin at top to bring up your Bitcoin holdings. 
  • w, tap "Buy" button and choose amount of Bitcoin you want to purchase. 
  • However, to purchase a custom amount, tap "Three dots" in lower right-hand corner. 
  • w, enter amount you want to buy and n press next.
  • A confirmation screen will appear with full details of transaction such as funding source, amount of Bitcoin to be purchased, exchange rate and fees, and more. 
  • If transaction is correct, tap "Confirm."

Also Read | How to report a fraud on Cash App? Learn how to cancel transactions here

How to send Bitcoin on Cash App?

A person can withdraw Bitcoin from Cash App effectively in a few easy steps. If you wish to withdraw Bitcoin or send it to ar account, follow steps below-

Advertisement
  • Open Cash App and n tap Banking tab on your Cash App home screen
  • Select Bitcoin
  • Press Withdraw Bitcoin
  • Scan a QR code address or press Use Wallet Address to enter one manually
  • Confirm with your PIN or Touch ID
  • A user must have a balance of at least 0.001 bitcoin to withdraw or send Bitcoin. A person can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within a 7-day period. However, te that Bitcoin transfers to external wallets usually take around 30 to 40 minutes or sometimes longer.

Also Read | Google Pay limit: How much money can you transfer at a time?

Also Read | Paytm, Adidas invest ₹12.8 crores in Indian startup Rooter's new eSports platform: Report

Advertisement

10:45 IST, May 20th 2020