Cash App has become one of the prime money transfer services in last few years. Cash App has launched in 2009 by square inc. In early days Cash App is known as square cash. In very less time Cash App has marked its remarkable presence in the market. Due to its fast service and ease of use Cash App gained 7 million users till 2018. Cash App possesses many exclusive features, but buying Bitcoin is one of the popular features of Bitcoin. As we know bitcoin is most popular cryptocurrency. Bitcoin hs shown unpredictable growth from 2009 to till date. In 2017 Approx 10 million bitcoin were bought and sold. In such scenario introduction of bitcoin trade feature in the Cash App is a good move. Since bitcoin is a very fluctuating currency, therefore, having a trading option on your fingertips may bring good profit to you.
How to buy a Bitcoin on Cash App:
Follow 3 Steps to easily buy BTC On Cash App
Step: 1- Open the Cash App and choose the preferred mode Bitcoin. If option is not visible then swipe left or click on BTC symbol.
Step: 2- Choose buy option and fill the amount of BTC & press buy.
Step: 3- Enter cash pin or touch Id to confirm the transaction.
How to send bitcoin to Cash App:
there are 6 steps to teach you how to easily send bitcoin on cash app
Step: 1- The process of sending bitcoin to Cash App is simple but lengthy. First, you have to activate the withdrawal option from the Cash App. The verification process takes a long time generally it takes a few days sometimes weeks.
Step: 2- On the completion of verification process is completed open the Cash App and go to the “withdraw bitcoin option.
Step: 3- Find the “fund” option then click on Bitcoin.
Step: 4- Go to the “withdraw bitcoin” option.
Step: 5- Specify the amount of bitcoin you want to transfer and click the withdraw option.
Step: 6- You can choose an option to scan QR code to add recipient address for extra security otherwise you can enter address manually by using “enter manually” option.
Remember, to use this feature first you have to buy Bitcoin. Since the Bitcoin is highly fluctuating currency so do proper research before buying, otherwise you can lose serious amount of money.
Q- How much Cash App charge for buying and selling Bitcoin?
A- Cash App does not charge any money for buying and selling bitcoin.
Q- how to send bitcoin from Cash App to other wallets using cash up?
A- To send bitcoin to other external wallet fallow below steps:
- Open the Cash App and tap on the profile icon
- Go to funds and select bitcoin.
- Verify your Identity.
- After verifying, select “transfer out” option and confirm.
- Scan QR code from external wallet or select “use wallet address” at the bottom to enter address manually.
- Confirm the process.
With this feature, anyone can buy/sell Bitcoin in a jiffy. Since Bitcoin is highly volatile currency therefore always “high-risk high reward “factor involve in there.