Bitcoin, the world’s most popular cryptocurrency, has become a household name in recent years. As more and more people invest in Bitcoin, the need to cash out their investments and transfer funds to their bank accounts has also increased. In this article, we will explore how you can put Bitcoin in your bank account from Cash App, a popular mobile payment app.
Step 1: Buy Bitcoin on Cash App
The first step to transfer your Bitcoin to your bank account is to buy Bitcoin on Cash App. If you already have Bitcoin in your Cash App wallet, you can skip this step. To buy Bitcoin on Cash App, follow these steps:
1. Open the Cash App on your mobile device.
2. Tap the “Investing” tab.
3. Tap “Bitcoin.”
4. Enter the amount of Bitcoin you want to buy.
5. Tap “Buy.”
6. Confirm your purchase by entering your PIN or using Touch ID.
Once you have purchased Bitcoin on Cash App, it will be stored in your Cash App wallet.
Step 2: Transfer Bitcoin to Your Bank Account
To transfer Bitcoin from your Cash App wallet to your bank account, follow these steps:
1. Open the Cash App on your mobile device.
2. Tap the “Banking” tab.
3. Tap “Bitcoin.”
4. Tap “Withdraw Bitcoin.”
5. Enter the amount of Bitcoin you want to withdraw.
6. Enter your wallet address or scan the QR code of your Bitcoin wallet.
7. Confirm your withdrawal by entering your PIN or using Touch ID.
Once you have confirmed the withdrawal, your Bitcoin will be transferred to your bank account. The amount of time it takes for the transfer to complete depends on several factors, including network congestion, the amount of Bitcoin being transferred, and the processing time of your bank.
Step 3: Sell Bitcoin for Cash
If you prefer to receive cash instead of transferring Bitcoin to your bank account, you can sell your Bitcoin on Cash App and receive cash instantly. To sell Bitcoin on Cash App, follow these steps:
1. Open the Cash App on your mobile device.
2. Tap the “Investing” tab.
3. Tap “Bitcoin.”
4. Tap “Sell.”
5. Enter the amount of Bitcoin you want to sell.
6. Tap “Sell.”
7. Confirm your sale by entering your PIN or using Touch ID.
Once you have confirmed your sale, your Bitcoin will be sold and the cash will be deposited into your Cash App account. You can then transfer the cash to your bank account or spend it using your Cash App account.
Conclusion
Transferring Bitcoin to your bank account from Cash App is a straightforward process. By following the steps outlined in this article, you can easily transfer Bitcoin to your bank account or sell it for cash. As with any financial transaction, it is important to be aware of the risks involved and to take appropriate measures to protect your funds. Always ensure that you are using a reputable and secure platform for your Bitcoin transactions.