Bitcoin has been one of the most popular cryptocurrencies in the world, with its value fluctuating constantly. If you’re one of the many people who have invested in Bitcoin and are looking to turn it into cash, the Cash App is a great option. The app, developed by Square Inc., allows you to easily buy, sell, and store Bitcoin. In this article, we’ll explain how to turn your Bitcoin into cash on Cash App.
Step 1: Download the Cash App
To get started, you need to download the Cash App on your smartphone. The app is available for both iOS and Android devices and can be downloaded for free from the App Store or Google Play Store. Once you have downloaded the app, sign up for an account by providing your email address and creating a password.
Step 2: Link your Bitcoin Wallet
If you already have a Bitcoin wallet, you can link it to your Cash App account. To do this, go to the “Investing” tab on the home screen and select Bitcoin. Then, click on “Deposit Bitcoin” and scan the QR code or copy the Bitcoin address to your wallet.
If you don’t have a Bitcoin wallet, you can create one within the Cash App. To do this, go to the “Investing” tab and select Bitcoin. Then, click on “Deposit Bitcoin” and follow the on-screen instructions to create a new wallet.
Step 3: Sell your Bitcoin
Once your Bitcoin is in your Cash App wallet, you can sell it for cash. To do this, go to the “Investing” tab and select Bitcoin. Then, click on “Sell Bitcoin” and enter the amount you want to sell. You can sell all or a portion of your Bitcoin.
Next, select the “Cash Out” option and choose how you want to receive your cash. You can choose to receive it in your Cash App balance, bank account, or debit card. If you choose to receive it in your bank account, you’ll need to enter your bank account details.
Step 4: Confirm the Transaction
Before you can complete the transaction, you’ll need to confirm the details. Double-check the amount you’re selling and the cash-out option you’ve selected. Once you’re sure everything is correct, click on “Confirm” to complete the transaction.
Step 5: Wait for the Transfer
After you confirm the transaction, you’ll need to wait for the transfer to be completed. The time it takes for the transfer to be completed depends on the cash-out option you selected. If you chose to receive the cash in your Cash App balance, it should be available immediately. If you chose to receive it in your bank account, it may take a few business days for the transfer to be completed.
In conclusion, turning your Bitcoin into cash on Cash App is a simple process. All you need to do is download the app, link your Bitcoin wallet, sell your Bitcoin, and choose how you want to receive your cash. With the Cash App, you can easily convert your Bitcoin into cash and use it for your everyday expenses.