How To Send Bitcoin From Cash App

Bitcoin is a digital currency that enables value transfer between anybody in the world who has access to the internet. Bitcoin is the world’s first decentralized digital money, existing independent of any government or organization.
Until recently, purchasing Bitcoin was difficult, as it was not a widely accepted form of payment for products and services, let alone as an investment. It took a long time and came at a heavy cost. Now, with Cash App, you can instantly acquire Bitcoin and withdraw it to a non-custodial wallet in which you control the private keys. All Bitcoin purchases are subject to a 1.75 percent fee, which is among the lowest in the industry.
Kindly follow this post as we lead you through the stages of How to Send Bitcoin with CashApp, How to Buy Bitcoin on Cash App, and lastly How to Transfer Bitcoin to a non-custodial wallet that you control.

If you’re reading this, bear in mind that they have complete control over the money and Bitcoin you store on Cash App! If you leave your Bitcoin on the app, it is possible that it may be suspended or seized. This is why I recommend transferring your Bitcoin immediately after purchase to a Ledger or Trezor hardware wallet.

How to Purchase Bitcoin Through CashApp

 

When you initially log into CashApp, you will get a green payment screen. This is the screen to use to transfer money to your friends and relatives.

 

To view your Bitcoin holdings, tap on Bitcoin at the top. From here, press the Buy button and enter the desired quantity of Bitcoin. Tap the three dots in the bottom right-hand corner to purchase a custom amount. Enter the quantity you wish to purchase and then click next.

Cash App now allows users to purchase up to 10,000 worth of Bitcoin every week. You can withdraw up to $2,000 per day or $5,000 per week in Bitcoin. Your CashApp wallet may accept deposits of up to $10,000 every week.

 

Tap check whether the transaction is valid. Congratulations, you’ve just made a Bitcoin purchase with CashApp! Now you must withdraw it to a non-custodial wallet in which you retain possession of the private keys.

 

How to Use the Cash App to Send Bitcoin

 

Once you’ve navigated to the Bitcoin tab in Cash App, you may now transfer Bitcoin using the following manner.

1. From the Cash App’s home screen, select the Bitcoin tab.

2. Select the Airplane option.

3. Select Bitcoin as the method of payment

4. Enter the recipient’s $Cashtag and the amount.

5. By providing the recipient’s phone number or email address, you may easily transfer bitcoin to folks who do not currently have a Cash App account. They will be requested to establish an account before the payment will be accepted. If they do not establish and validate an account within 14 days, you will receive a refund.

 

The minimum transaction amount for a $Cashtag transaction is 0.00001 BTC or 1,000 sats (Satoshis).

 

Transactions on the Blockchain

The blockchain enables you to transmit bitcoin to any wallet.

To accomplish this:

• On the Cash App’s home screen, tap the Bitcoin tab.

• Select the Airplane option.

• Select Bitcoin as the payment method

• To access the QR code scanner, either hit the upper left corner of the screen or tap Send to manually enter the external wallet address.

• Confirm the wallet address by tapping it.

• Click Next

• Select a rate of withdrawal

• Tap Confirm & Send to begin the withdrawal process.

To use the Standard withdrawal speed, you must withdraw at least 0.001 bitcoin. There is no minimum withdrawal amount for Rush and Priority withdrawals.

 

Limitations on Bitcoin Transfers From The Cash App

 

When sending Bitcoin, there are a few restrictions to keep in mind:

• The minimum transaction amount for a $Cashtag transaction is 0.00001 BTC or 1,000 sats (Satoshis).

• The minimal transaction size on-chain is 0.001 BTC or 100,000 sats (Satoshis).

• Weekly maximum sending amount: $7,500

• Weekly receipts cap: $7,500

 

How to Make a Bitcoin Withdrawal from CashApp

After purchasing Bitcoin, the next step is to transfer it to a wallet that you control. CashApp’s Bitcoin wallet is custodial, which means that you do not have control to the wallet’s private keys.

 

Suspending your Cash App account will result in the loss of access to your Bitcoin. This is why you should immediately transfer your Bitcoin to a non-custodial wallet.

Cash App makes it difficult to withdraw your Bitcoin from the program. It’s buried deep within a menu set that isn’t intuitively accessible.

To access withdrawals, tap on the bottom left home symbol. This will send you to the screen titled “My Cash.” From this point, select Bitcoin. Your entire amount will be displayed, and information about your wallets will be presented underneath.

Kindly follow the straightforward instructions below:

• Toggle between USD and BTC, press “USD” on the Cash App’s main screen.

• Decide on Bitcoin

• Enter the desired quantity of Bitcoin (you can toggle between BTC or USD)

• To access the QR code scanner, either hit the upper left corner of the screen or tap Send to manually enter the external wallet address.

• Confirm the wallet address by tapping it.

• Click Next

• Select a rate of withdrawal

• Tap Confirm & Send to begin the withdrawal process.

If this is your first withdrawal from Bitcoin, you may be required to submit extra personal information before proceeding.

To use the Standard withdrawal speed, you must withdraw at least 0.001 bitcoin. There is no minimum withdrawal amount for Rush and Priority withdrawals.