Bitcoin has been around for more than a decade now and has become a popular investment option for many. While buying bitcoin is relatively easy, selling it can be a bit tricky. However, with the Cash App, selling bitcoin has become much more accessible, and in this article, we will guide you through the steps of selling bitcoin on Cash App.
Step 1: Open the Cash App and go to the Investing tab
The first step is to open the Cash App on your mobile device and navigate to the Investing tab. Once you are on the Investing tab, you will see your bitcoin balance, which is the amount of bitcoin you currently have in your Cash App account.
Step 2: Select the bitcoin you want to sell
The next step is to select the amount of bitcoin you want to sell. You can either sell your entire bitcoin balance or sell a specific amount of bitcoin. To do this, tap on the Bitcoin button and select the amount you want to sell.
Step 3: Tap on Sell
Once you have selected the amount of bitcoin you want to sell, tap on the Sell button to proceed.
Step 4: Confirm your sale
The next step is to confirm your sale by entering your PIN or using Touch ID. Once you have confirmed your sale, the transaction will be processed, and the money will be added to your Cash App balance.
Step 5: Transfer the money to your bank account
The final step is to transfer the money from your Cash App balance to your bank account. To do this, tap on the Cash Out button and select the amount you want to transfer. You can transfer the money instantly or choose to transfer it within a few days.
Selling bitcoin on Cash App is an easy and straightforward process. However, there are a few things you should keep in mind before you sell your bitcoin.
– The price of bitcoin fluctuates, and it is essential to keep track of the current market price before you sell your bitcoin.
– Cash App charges a transaction fee of 1.76% for selling bitcoin, which is relatively low compared to other platforms.
– It may take a few minutes for the transaction to be processed, but the money should be added to your Cash App balance within a few minutes.
– You can only sell bitcoin that is in your Cash App account. If you have bitcoin in a different wallet, you will need to transfer it to your Cash App account before you can sell it.
In conclusion, selling bitcoin on Cash App is a simple and easy process. By following the steps outlined in this article, you can sell your bitcoin and transfer the money to your bank account within a few minutes. However, it is important to keep track of the current market price and be aware of the transaction fees before you sell your bitcoin.