A Comprehensive Guide To Know How To Send Bitcoin Through Cash App

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-

Can you send bitcoin through 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.

How do I send bitcoin to someone?

You can instantly send bitcoin through Cash App to any $cashtag for free just by performing these instant steps-

To start sending Bitcoin:

• First of all, just toggle from USD to BTC on your Cash App home screen.
• Now, enter at least $1 in the given field
• Tap the “Pay” button from your home screen
• Here, make sure to type your recipient’s $Cashtag, email address, or current phone number.
• Lastly, click on the “Pay’

To send bitcoin from the Bitcoin tab:

For doing so, you just have to follow these quick steps-

• At first, make sure to tap the Bitcoin tab on your Cash App home screen
• Now, click on the Airplane button
• In this step, tap on ‘send Bitcoin’
• Here, enter the amount that you want to send and the recipient’s $Cashtag

How much Bitcoin can you send on cash App?

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.

Why can’t I send bitcoin from the Cash App?

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.

How to cash out Bitcoin on the cash app?

If you’re looking for a way to cash out bitcoin from your Cash App then make sure to follow these instructions-

• Make sure to toggle from USD to BTC by clicking “USD” on your Cash App home screen.
• Here, select the option of “Bitcoin”
• Mention the amount of Bitcoin you want to cash out
• In this step, you can either click on the top left corner of the screen to access the QR code scanner or click “Send” to enter the external wallet address
• Now, mention the wallet address to confirm
• Tap “Next” and then choose a withdrawal speed
• Select “Confirm” & “Send” to initiate the withdrawal of Bitcoin on the Cash app.