In this article, we'd be sharing an easy guide on how you can withdraw, buy or send bitcoins on Cash App. Cash app is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. It is one of the most popular payment services in the world with over 7 million users.
As users continue to increase on a regular basis, the company keeps on expanding and adding more features that make their apps more user-friendly. In January 2018, bitcoin traders in Nigeria and other parts of the world were filled with joy after Cash App expanded to support bitcoin trading.
You might be new to the app, or an old user interested in buying, withdrawing or sending Bitcoin using the Cash App, here is a step by step guide for you.
Steps on how to buy Bitcoin on Cash App
Follow the below steps to buy bitcoin on Cash App:
• Open Cash App and tap on the 'Rising curve' icon or 'Investing' section in the bottom menu
• Two options; 'Buying stocks' and 'Bitcoin' with appear, tap on 'Bitcoin' to bring up your Bitcoin holdings
• Next, tap on the 'Buy' button and choose the amount of Bitcoin you want to purchase
NOTE: You can tap on the three dots in the lower right-hand corner to purchase a custom amount
NOTE: You can tap on the three dots in the lower right-hand corner to purchase a custom amount
• Now, enter the amount you want to buy and press 'Next' to proceed
• A confirmation screen will appear with the full details of the transaction such as the funding source, amount of Bitcoin to be purchased, exchange rate and fees, and more.
• Carefully cross-check the transaction and click on 'Confirm' if it's correct
Steps on how to send Bitcoin on Cash App
You can easily withdraw Bitcoin from Cash App effectively by following the steps below:
• Open the Cash App and tap the Banking tab on your Cash App home screen
• Open the Cash App and tap the Banking tab on your Cash App home screen
• Select 'Bitcoin' and press 'Withdraw Bitcoin'
• Scan a QR code address or press Use Wallet Address to enter one manually
• Confirm with your Touch ID or PIN
NOTE: You must have a balance of at least 0.001 bitcoin to be able to withdraw or send Bitcoin. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within a 7-day period.
NOTE: You must have a balance of at least 0.001 bitcoin to be able to withdraw or send Bitcoin. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within a 7-day period.
What more? If you encounter any difficulties, don't hesitate in contacting the cash App support team. Their contact details are available on the official website.
Before you leave, also check out our next post on 7 ways to make money from bitcoin in Nigeria.
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