Cryptocurrency is a digital currency that has become increasingly popular in recent years. Bitcoin is one of the most popular cryptocurrencies in the world. Cash App, a mobile payment app developed by Square, allows users to buy, sell, and send Bitcoin. In this article, we will explore how to send Bitcoin on Cash App.
Firstly, it is important to note that you must have a Cash App account to send Bitcoin. If you do not have an account, download the app and create one. Once you have an account, you will need to verify your identity by providing your full name, date of birth, and social security number.
Once your account is verified, you can start buying Bitcoin on Cash App. To do so, tap the “Investing” tab on the home screen and select “Bitcoin.” Next, enter the amount of Bitcoin you want to buy and tap “Buy.”
To send Bitcoin on Cash App, follow the steps below:
Step 1: Open the Cash App on your mobile device.
Step 2: Tap the “Bitcoin” tab on the home screen.
Step 3: Tap the “Send” button.
Step 4: Enter the recipient’s Bitcoin address or scan their QR code.
Step 5: Enter the amount of Bitcoin you want to send.
Step 6: Tap “Confirm” to review the details of the transaction.
Step 7: Enter your Cash App PIN or use Touch ID/Face ID to confirm the transaction.
Once the transaction is confirmed, the recipient will receive the Bitcoin in their wallet. It is important to note that Bitcoin transactions can take several minutes to be processed and added to the blockchain.
Cash App charges a fee for Bitcoin transactions. The fee varies depending on the market conditions and can be viewed before confirming the transaction. The fee is deducted from the amount of Bitcoin being sent.
In conclusion, sending Bitcoin on Cash App is a simple process that can be done in a few easy steps. However, it is important to ensure that you have the correct Bitcoin address and review the details of the transaction before confirming it. Additionally, it is important to keep in mind the transaction fees associated with sending Bitcoin on Cash App.