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Bitcoin is one of the cryptocurrencies which is highly in use. There are 90% of the people who do Bitcoin trading. From the time it was introduced, it has grown rapidly, and now every person is buying and selling Bitcoins.
Cash App is one of the applications which not only lets you send and receive money. But it also lets you purchase and sells Bitcoin. Purchasing Bitcoin on Cash App is one of the standard features for the Cash App users. That is why more than 10 million Bitcoins have been purchased and sold by the customers on the Cash App account.
Here in this article, we will help you with the information by which you can send Bitcoin from Cash App to any other account.
What is Bitcoin?
Bitcoin is a digital cryptocurrency that came on the internet in 2009. There is no record about the user or the person who developed Bitcoin. There is no involvement of the government in the trading and transactions of Bitcoin.
How Much Cash App Charges for Bitcoin?
There is a fee of 1.75% on every transaction of the Bitcoin on Cash App. Whenever the user moves Bitcoin from one account to another, the charges apply.
Cash App charges a fee in 2 ways:
The fee is charged on every transaction of Bitcoin on Cash App.
Another fee is the “Volatility fee.” This fee is never the same, it keeps changing, and the changes depend on Bitcoin’sBitcoin’s value in the Country.
The fee which is charged is converted into the exchange rates, and everything is transparent. The fee which is charged is updated separately.
As the “Volatility” keeps on changing, there is no fixed amount of fee charged. There is no such update from the end of the Cash App; this is based on its feedback.
How to Buy Bitcoin on Cash App?
Here are the following instructions by which you can buy Bitcoins on Cash App:
Firstly, open the Cash App on your Android/iOS.
Then, go to the option “Investing.” The investing option is on the home screen of the application.
Choose the tab “Bitcoin.”
After that, you have to choose the tab “Buy.”
Then put the amount of Bitcoin you want to add.
And confirm it by putting your “PIN” or “Touch ID.”
Once you buy or add bitcoin to your account, you can send them to any other account.
How to Send Bitcoin Through Cash App?
Here you will get the steps by which you can easily send Bitcoin from Cash App:
Firstly, open the Cash App on your Android/iOS device.
Then you need to choose the option “Withdraw Bitcoin.”
From there, you will get the option “Fund.” It would help if you tapped on it.
After that, you need to select the option “Withdraw BTC.”
Enter the amount of Bitcoin which you want to send.
Then choose the option “Withdraw.”
You can scan the receiver’s QR code, or else you can enter the details of the receiver on your own.
After this, the amount of Bitcoin you wanted to send will be transferred.
The transfer process of Bitcoin from one account to another generally takes 30-40 minutes. Sometimes it also takes time more than 40 minutes.
How to Sell Bitcoin from Cash App?
Here you can check the steps by which you can sell the Bitcoins from Cash App:
Firstly, open the Cash App on your device.
Then select the option “Investing” that can be seen on the Cash App’s home screen.
Go to the option “Bitcoin.”
After that, you will see the option “Sell.” It is on the homepage of the screen.
Enter the amount of Bitcoin you want to sell.
At last, you need to confirm the changes by entering your PIN or Touch ID.
Always keep in mind that Bitcoin’s transaction is only possible if you have 0.001 Bitcoin in your account. The limit to send Bitcoin on Cash App is $2000 in a day and $5000 in 7 days.
How to Send Bitcoin to External Wallet?
Here are the steps are given below to send Bitcoin to the external wallet from the Cash App account:
Firstly, you need to open the Cash App on your device.
Then go to the option “Fund”.
After that, select the option “Bitcoin.”
Then you need to confirm your identity.
After that, you need to select the option “Transfer Out” and select the option “Confirm.”
Finally, you need to scan the QR code and select the option “Wallet Address,” which is on the screen’s bottom.
And you can select the option “Confirm.”
We discussed the steps by which the Cash App user can easily send, sell, and purchase Bitcoin from Cash App to other accounts. If you still get any issue in the process of sending Bitcoin to another account.
You can contact Cash App customer service for help. Experts are here to help you with the Cash App issue.