As of March 21, 2021, the cash app has recorded approximately 36 million active users. All these users make use of this application for transferring money, doing online shopping, and paying monthly bills. As the number of users of this app increases daily, Cash App keeps on updating its layout and adding more features. One of the features of this app is its ability to purchase stock without paying any fees via its investment section. This allows users to get access to buy, withdraw and send Bitcoin with ease.
However, there are times when a few cash app users find it hard to understand several technicalities of BitCoin. How can I send bitcoin through Cash App? How to cash out Bitcoin? These are a few common queries of every user when they’re new to Bitcoin investment on the cash app.
If you wish to use Bitcoin through Cash App then here is a step by step guide for you. Let’s explore more about BitCoin trading on cash app-
Yes, users can send BitCoin via cash app with ease. While doing so, you just need to verify that you’re sending to a BTC wallet address from your cash app bitcoin wallet. Also, be careful while entering the wallet address.
Right from Cash App, users can instantly send bitcoin to any $Cashtag for free. To get started with sending or receiving Bitcoin, you need to toggle from USD to BTC by clicking “BTC” or “USD” on your Cash App home screen and then proceed.
You can instantly send bitcoin through Cash App to any $cashtag for free just by performing these instant steps-
To start sending Bitcoin:
To send bitcoin from the Bitcoin tab:
For doing so, you just have to follow these quick steps-
There are certain limitations on sending Bitcoin on a cash app that every user needs to be aware of. The minimum amount per transaction to a $Cashtag is 1,000 sats (Satoshis) or 0.00001 BTC.
Whereas, the minimum amount per on-chain transaction is 100,000 sats (Satoshis) or 0.001 BTC. Both weekly Bitcoin sending and receiving limit on cash app is $7,500.
According to the terms & conditions of the cash app, you must follow the Bitcoin withdrawal verification process. Without this process, you can’t transfer BTC from the cash app to any other BTC wallet.
Also, users must have at least 0.001 Bitcoin to ensure successful Bitcoin withdrawal on Cash App. There’s a $5000 limit of Bitcoin withdrawal on the cash app for 7 days and $2000 in 24 hours.
If you’re looking for a way to cash out bitcoin from your Cash App then make sure to follow these instructions-