Bitcoin is a digital currency that has gained immense popularity in recent years. It is a decentralized currency that allows peer-to-peer transactions without the need for any intermediary. Cash App is one of the most popular mobile applications used to buy, sell, and transfer bitcoin. If you are wondering how to transfer bitcoin from Cash App, this article will guide you through the process.
Step 1: Download Cash App and Set up Account
The first step is to download the Cash App on your mobile phone and create an account. Once you have installed the app, follow the instructions to create an account. You will be asked to provide your name, email address, and phone number. After entering the details, you will receive a verification code on your mobile phone. Enter the code to verify your account.
Step 2: Link Your Bank Account
To transfer bitcoin from Cash App, you need to link your bank account. To do this, go to the home screen of the app and click on the “Banking” tab. From there, click on “Add a bank account” and provide the necessary details. Once your bank account is linked, you will be able to transfer funds between your Cash App account and your bank account.
Step 3: Buy Bitcoin
Before you can transfer bitcoin, you need to buy it. To buy bitcoin on Cash App, click on the “Investing” tab and select “Bitcoin.” From there, you can choose to buy any amount of bitcoin that you want. The app will also show you the current market price of bitcoin.
Step 4: Transfer Bitcoin
To transfer bitcoin from Cash App, click on the “Banking” tab and select “Bitcoin.” From there, you can choose to send or receive bitcoin. If you want to send bitcoin, enter the recipient’s wallet address and the amount you want to send. Make sure to double-check the wallet address as bitcoin transactions are irreversible. Once you have entered the details, click on “Send” to complete the transaction.
Cash App charges a small fee for bitcoin transactions. The fee is based on the current market price of bitcoin and is subject to change.
In conclusion, transferring bitcoin from Cash App is a simple process that can be completed in a few steps. By following the steps outlined in this article, you can easily transfer bitcoin from your Cash App account to any other wallet address. However, it is important to note that bitcoin transactions are irreversible, and it is essential to double-check the wallet address before sending bitcoin.