Cash App is a popular mobile payment application that allows users to send and receive money easily. In addition to peer-to-peer payments, Cash App also allows users to buy and sell Bitcoin. In this article, we will explain how to enable Bitcoin deposit and withdrawal on Cash App.
Step 1: Download the Cash App
The first step is to download the Cash App from the App Store or Google Play Store. Once you have downloaded and installed the app, open it and create an account.
Step 2: Link your Bank Account or Debit Card
To enable Bitcoin deposit and withdrawal on Cash App, you need to link your bank account or debit card. To do this, go to the Cash App’s home screen and tap on the “Banking” tab. From there, select “Add a Bank Account” or “Add a Debit Card” and follow the on-screen instructions.
Step 3: Enable Bitcoin
Now that your account is set up and linked to your bank account or debit card, you can enable Bitcoin. To do this, go to the home screen and tap on the “Investing” tab. From there, select “Bitcoin” and then tap on “Enable Withdrawals and Deposits.”
Step 4: Verify your Identity
To enable Bitcoin deposit and withdrawal on Cash App, you need to verify your identity. To do this, go to the “Profile” tab and tap on “Personal Information.” From there, follow the on-screen instructions to verify your identity.
Step 5: Deposit Bitcoin
Once you have enabled Bitcoin deposit and withdrawal on Cash App, you can now deposit Bitcoin. To do this, go to the “Bitcoin” tab and select “Deposit Bitcoin.” You will be given a Bitcoin address to send your Bitcoin to. You can either scan the QR code or copy and paste the address.
Step 6: Withdraw Bitcoin
To withdraw Bitcoin from Cash App, go to the “Bitcoin” tab and select “Withdraw Bitcoin.” You will be asked to enter the amount of Bitcoin you want to withdraw and the Bitcoin address you want to send it to. Once you have entered the information, tap on “Confirm” to complete the withdrawal.
In conclusion, enabling Bitcoin deposit and withdrawal on Cash App is a straightforward process. By following the steps outlined above, you can easily link your bank account or debit card, enable Bitcoin, verify your identity, and deposit or withdraw Bitcoin. With Cash App’s user-friendly interface, buying and selling Bitcoin has never been easier.