Bitcoin has become one of the most popular cryptocurrencies in the world, and many people are investing in it. Robinhood is one of the apps that allow you to buy and sell Bitcoin, while Cash App is another platform where you can store and use your Bitcoin. In this article, we will explain how to transfer Bitcoin from Robinhood to Cash App.
Step 1: Open Cash App and tap on the “Investing” tab
To start the process, you need to open the Cash App on your phone and tap on the “Investing” tab. This will take you to the screen where you can buy and sell Bitcoin.
Step 2: Tap on the “Bitcoin” button
Once you are on the “Investing” tab, you will see a button labeled “Bitcoin.” Tap on this button to proceed.
Step 3: Tap on the “Deposit Bitcoin” button
On the next screen, you will see the option to “Deposit Bitcoin.” Tap on this button to proceed.
Step 4: Copy the Bitcoin address
When you tap on the “Deposit Bitcoin” button, you will see a Bitcoin address. This is the address where you will send your Bitcoin from Robinhood. Copy this address to your clipboard by tapping on it.
Step 5: Open Robinhood and sell your Bitcoin
Now that you have the Bitcoin address for your Cash App account, it’s time to sell your Bitcoin on Robinhood. Open the Robinhood app and navigate to the “Bitcoin” tab. From here, you can sell your Bitcoin by tapping on the “Sell” button.
Step 6: Enter the Bitcoin address from Cash App
When you sell your Bitcoin on Robinhood, you will be asked to enter the address where you want to send your Bitcoin. Paste the address you copied from Cash App into this field.
Step 7: Confirm the transfer
Once you have entered the Bitcoin address, review the transaction details to make sure everything is correct. Then, confirm the transfer to initiate the process.
Step 8: Wait for the transfer to complete
Bitcoin transfers can take some time to complete, so be patient. Once the transfer is complete, you will see the Bitcoin in your Cash App account.
In conclusion, transferring Bitcoin from Robinhood to Cash App is a straightforward process that can be completed in a few simple steps. By following the steps outlined above, you can easily move your Bitcoin from one platform to another. It’s important to note that Bitcoin transactions can take some time to complete, so be patient and wait for the transfer to complete before taking any further action.