How To Buy And Send Bitcoin On Cash App

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Want to try cryptocurrency without the hassle of MetaMask or OpenSea? Cash App lets you to trade, sell, buy and send Bitcoin on cash app easily.

It’s user-friendly, perfect for beginners and experienced traders. \You can switch to a more advanced wallet later.

How to buy Bitcoin on Cash App

To buy Bitcoin on Cash App:

  1. Open the app and tap the Bitcoin symbol at the bottom right.
  2. Click the “Buy” button in the center.
  3. Choose the amount you want to buy.
  4. If it’s your first time, provide security info and set a PIN.
  5. Confirm your order, noting any fees.
  6. Your Bitcoin balance and a chart will be visible in the Bitcoin tab.
Buy Bitcoin on Cash App
Buy Bitcoin on Cash App: Photo (Forbes)

How to sell Bitcoin on Cash App

To make money trading Bitcoin on Cash App:

  1. Tap “Sell” in the Bitcoin tab.
  2. Choose a one-time sale value in USD.
  3. Confirm with your PIN, and the transaction is done.

Or set up automatic sales:

  1. Tap “Sell” and then “Change Order Type.”
  2. Select “Custom Sell Order.”
  3. Pick a trigger Bitcoin price using the slider.
  4. Choose the amount to sell once the trigger is reached.
  5. Set an expiration date for the automatic sale.
  6. Confirm with your PIN to set it up.

Note: Automatic sales are irreversible, so be careful. To view and manage them, go to the “Activity” section in the Bitcoin tab.

Sell Bitcoin On Cash App
Sell Bitcoin on Cash App: Photo source (Forbes)

How to send Bitcoin on Cash App

To send Bitcoin on Cash App:

  1. Open Cash App and go to the transaction tab.
  2. Tap the currency drop-down menu.
  3. Select Bitcoin as your currency.
  4. Enter the amount you want to send in USD, and Cash App will convert it to Bitcoin.
  5. Choose a recipient from your contacts or enter a $Cashtag.
  6. Confirm and send the transaction.
Send Bitcoin on Cash App
Buy and Send Bitcoin on cash app: Photo source (Forbes)

How to transfer Bitcoin between Cash App and other wallets

To withdraw and deposit Bitcoin from other cryptocurrency wallets on Cash App:

  1. Verify your account by providing personal details and a photo ID.
  2. Once verified, find the option in the Bitcoin tab below your balance and market chart.
Withdrawing Bitcoin

To withdraw Bitcoin from Cash App:

  1. In the Bitcoin tab, tap the send icon.
  2. Enter the amount you want to withdraw.
  3. Choose how to input the recipient’s wallet address: manual entry, pasting, or scanning the QR code.
  4. Select the transfer speed with associated fees.
  5. Confirm the transaction with your Cash App PIN.
  6. Cash App prevents sending Bitcoin to incompatible wallets by flagging invalid addresses, adding an extra layer of security. Always double-check addresses before making transfers.

 

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