How to Send Bitcoin on Cash App | Cash App has revolutionized the way people handle money, offering a seamless platform for transfers, investing, and even cryptocurrency transactions. With over 57 million users in 2024, it has become one of the most popular financial apps.
Since introducing Bitcoin transactions in 2018, Cash App has made it incredibly simple to buy, sell, and send Bitcoin with just a few taps.
If you’re wondering how to send Bitcoin on Cash App, this guide will walk you through the process step by step.
what is Cash App
Cash App is a mobile payment service developed by Block, Inc. (formerly known as Square, Inc.) that allows users to transfer money to one another using a smartphone app. It is widely used for peer-to-peer (P2P) payments, but it also offers additional features, such as:
- Sending and Receiving Money: Users can send and receive money instantly using their $Cashtag (a unique username), phone number, or email address.
- Cash Card: A customizable debit card linked to the Cash App balance, which can be used for purchases or ATM withdrawals.
- Direct Deposit: Users can set up direct deposit to receive paychecks or government benefits directly into their Cash App account.
- Investing: Cash App allows users to buy, sell, and hold stocks and Bitcoin.
- Boosts: Discounts or cashback offers that can be applied when using the Cash Card at select merchants.
- Bitcoin Transactions: Users can buy, sell, and withdraw Bitcoin directly through the app.
- Cash App Taxes: A free tax filing service (formerly known as Credit Karma Tax).
Cash App is available in the U.S. and the U.K., and it is known for its simplicity and user-friendly interface. However, users should be cautious of scams, as Cash App transactions are instant and typically irreversible. Always verify the recipient before sending money.
For more information, you can visit the official Cash App website: https://cash.app.
How to Send Bitcoin on Cash App
Sending Bitcoin through Cash App is straightforward, but first-time users should carefully follow these steps:
Step 1: Open the Cash App and Navigate to the Bitcoin Section
Launch the app and log into your account. On the home screen, tap the Bitcoin icon, which resembles a “B” with two vertical lines. This will take you to your Bitcoin wallet.
Step 2: Choose “Send Bitcoin”
Tap the “Send” button. You’ll be prompted to enter the recipient’s Bitcoin address, scan their QR code, or use their $Cashtag (if they’re also a Cash App user).
Step 3: Enter the Amount
Specify how much Bitcoin you’d like to send. You can enter the amount in either USD or BTC, and Cash App will automatically convert the value based on real-time exchange rates.
Step 4: Review Transaction Details
Double-check the recipient’s address and the transaction amount. Since Bitcoin transactions are irreversible, it’s crucial to ensure accuracy before proceeding.
Step 5: Confirm the Transfer
Authorize the transaction using your security PIN, Face ID, or fingerprint authentication.
Step 6: Wait for Confirmation
Bitcoin transactions on Cash App typically take up to an hour to process, depending on network congestion. You’ll receive a notification once the transfer is complete.
Pro Tip: Sending Bitcoin incurs a network (miner) fee, which fluctuates based on demand.
How to Receive Bitcoin on Cash App
Receiving Bitcoin is just as easy. Follow these steps:
Step 1: Open Your Bitcoin Wallet
Tap the Bitcoin icon on the Cash App home screen.
Step 2: Generate a Bitcoin Address
Click “Receive” to generate a unique Bitcoin address or QR code.
Step 3: Share Your Address
Copy and share your Bitcoin address with the sender, or let them scan your QR code.
Step 4: Wait for the Transaction to Process
Once the sender initiates the transfer, Bitcoin typically arrives in your wallet within 10–30 minutes. A confirmation notification will appear once the transaction is validated on the blockchain.
Note: Cash App does not charge fees for receiving Bitcoin, but the sender may incur network fees.
Understanding Bitcoin on Cash App
Cash App acts as a custodial wallet, meaning it holds your private keys and manages your Bitcoin on your behalf. Here’s what you need to know about using a custodial wallet:
Advantages:
✅ User-Friendly: No need to manage private keys; Cash App does it for you. ✅ Easy Recovery: If you lose access to your account, Cash App provides recovery options.
Disadvantages:
❌ Less Control: Since Cash App controls the private keys, you don’t have full ownership of your Bitcoin. ❌ Withdrawal Limits: Cash App imposes daily and weekly limits on Bitcoin withdrawals, which may require identity verification to increase.
If you prefer full control over your Bitcoin, consider transferring it to a non-custodial wallet like Ledger, Trezor, or Exodus. These wallets allow you to manage your private keys, but you’ll need to secure them properly to prevent loss.
KYC Requirements to Send Bitcoin on Cash App
To send Bitcoin on Cash App, users must complete Know Your Customer (KYC) verification to comply with financial regulations. You’ll need to provide:
- Full Name and Date of Birth
- Social Security Number (SSN) or Tax ID
- A Government-Issued Photo ID
Verification typically takes a few minutes to several hours. Once approved, you’ll have access to Bitcoin transactions, though some withdrawal limits may still apply.
Final Thoughts
Cash App offers a convenient way to send and receive Bitcoin, making cryptocurrency transactions accessible to everyone. While it’s a great option for quick and small transactions, users who want full control over their digital assets should consider a non-custodial wallet.
Always double-check addresses before sending Bitcoin, monitor network fees, and stay informed about Cash App’s latest updates to ensure smooth transactions.
By following this guide, you can easily send Bitcoin on Cash App and take advantage of its fast and secure transactions. Whether you’re paying a friend or investing in cryptocurrency, Cash App provides a simple way to manage your Bitcoin holdings.
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