If you are new to the game of crypto-trading, then a great way to start is on Cash App? This app is great for trading in various cryptocurrencies. One of the most popular cryptocurrencies is bitcoin. Many people have started buying bitcoins.
However, stock trading and trading in crypto is already a risky affair, it doesn’t need to get further tricky. Cash App gives the users and traders a safe environment where they can trade without any fear of getting stripped off their stocks through some scam.
How To Use Bitcoin On Cash App?
Bitcoin can be used to buy more stocks. You can also sell the bitcoins on Cash App. Not only that, you can further buy more and send some bitcoins to your linked account as well. To buy or sell bitcoins, refer to the 2 last sections for reference.
To send bitcoin, follow the below simple steps:
- Open the Cash App application.
- Tap on “Bitcoin”.
- Tap on the Airplane button.
- Tap on “send bitcoin”.
- Enter the amount to be sent and the $Cashtag of the account to which the amount is to be sent.
To receive bitcoin:
- Follow the first 3 steps as mentioned earlier.
- Then tap on “deposit bitcoin”.
- Share your Cash App Bitcoin address with an external wallet.
How Does Bitcoin Work On Cash App?
Bitcoin is one of the most popular cryptocurrencies out there. Consequently, many people are looking at it as a reliable option to invest money in. After your identity has been verified on Cash App, you can start trading. You can buy bitcoins as much as you want. The method is pretty simple too.
Selling it when the stock goes high is a great method to earn some serious returns. For that, you can easily sell them too. Besides these, you can also monetize bitcoins to your linked bank account.
How To Withdraw Bitcoin?
Follow the following steps:
- Open the Cash App and hit the profile tab at the top-right corner of the screen.
- Tap on the “Bitcoin” option.
- Then, enable “Bitcoin withdrawal”.
- When a verification pop-up comes, hit “Continue”.
- Give the necessary permissions and scan your face and your valid ID.
- Now, wait for 24-48 hours for the withdrawal approval. Now, you can transfer and withdraw bitcoins through Cash App.
How To Buy Bitcoin On Cash App?
To buy bitcoin, follow the below simple steps:
- Open your Cash App application.
- Tap on Bitcoin.
- Tap on “Buy BTC”.
- Select the amount worth you want to buy the bitcoin.
- Finally, enter your PIN and tap “Confirm”.
How To Sell Bitcoin?
To sell bitcoin, follow the following simple steps:
- Open Cash App.
- Tap “Bitcoin”.
- Tap on “Sell”.
- Select or manually enter the amount you want to sell.
- Input your PIN and hit “Confirm”.