Cash App is a popular mobile payment app that allows users to send and receive money instantly. In addition to traditional payment methods, users can also send and receive Bitcoin on the app. If you are new to Cash App and are wondering how to send Bitcoin to a Bitcoin address on the app, this article will guide you through the process.
Step 1: Verify your account
Before you can send Bitcoin on Cash App, you need to verify your account. To do this, you will need to provide your full name, date of birth, and the last four digits of your social security number. You will also need to link your bank account or debit card to your Cash App account.
Step 2: Buy Bitcoin
Once your account is verified, you can buy Bitcoin on Cash App. To do this, tap on the “Investing” tab on the home screen and select “Bitcoin”. You can choose to buy any amount of Bitcoin you want, from as little as $1. You will also need to set up a PIN to secure your Bitcoin wallet.
Step 3: Navigate to the Bitcoin tab
To send Bitcoin on Cash App, you need to navigate to the Bitcoin tab on the app. To do this, tap on the “Banking” tab on the home screen and select “Bitcoin”. You will see your Bitcoin balance and transaction history.
Step 4: Enter the recipient’s Bitcoin address
To send Bitcoin to a Bitcoin address, you need to enter the recipient’s Bitcoin address. This is a unique combination of letters and numbers that identifies the recipient’s Bitcoin wallet. You can copy and paste the address or scan a QR code.
Step 5: Enter the amount you want to send
Once you have entered the recipient’s Bitcoin address, you need to enter the amount of Bitcoin you want to send. You can choose to send any amount of Bitcoin you want, from as little as $1. Cash App will show you the current exchange rate and the amount in USD.
Step 6: Review and confirm the transaction
Before you can send Bitcoin on Cash App, you need to review and confirm the transaction. You will see the recipient’s Bitcoin address, the amount you want to send, the current exchange rate, and the fee for the transaction. Once you have reviewed the details, you can confirm the transaction.
Step 7: Wait for the transaction to complete
After you have confirmed the transaction, you need to wait for the transaction to complete. This can take anywhere from a few minutes to a few hours, depending on the Bitcoin network. You can check the status of your transaction on the Bitcoin tab on the app.
In conclusion, sending Bitcoin on Cash App is a simple and straightforward process. You need to verify your account, buy Bitcoin, navigate to the Bitcoin tab, enter the recipient’s Bitcoin address and the amount you want to send, review and confirm the transaction, and wait for the transaction to complete. With Cash App, you can send Bitcoin instantly and securely to anyone with a Bitcoin wallet.