Quick answer: To send Bitcoin from Cash App, open the app, tap the Bitcoin tab, select ‘Send’, enter the amount and recipient’s address, then confirm the transaction.
- Always double-check the Bitcoin address and network.
- Start with a small test transaction before sending larger amounts.
- Be aware of the irreversible nature of Bitcoin transactions.
- Understand the fees and timing involved in the process.
- Keep your Cash App account secure with strong authentication.
Before you start
- Ensure you have a verified Cash App account with Bitcoin enabled.
- Have the recipient’s Bitcoin address and network information ready.
- Check your Bitcoin balance in Cash App to ensure sufficient funds.
- Enable any additional security features like two-factor authentication.
- Understand the current network fees and potential delays.
How to Send Bitcoin From Cash App: step by step
1. Open Cash App and access Bitcoin
Launch the Cash App on your mobile device. Once open, look for the Bitcoin icon, which looks like a ‘B’ with two vertical lines, and tap on it to access the Bitcoin section.
2. Navigate to the Send option
In the Bitcoin section, you will see options like ‘Buy’, ‘Sell’, and ‘Send’. Tap on the ‘Send’ button to initiate a Bitcoin transfer.
3. Enter the recipient’s Bitcoin address
You will be prompted to enter the recipient’s Bitcoin address. You can either scan a QR code or manually enter the address. Ensure the address is correct to avoid loss of funds.
4. Specify the amount to send
Input the amount of Bitcoin you wish to send. You can also choose to send a specific dollar amount, and Cash App will convert it to the equivalent Bitcoin amount based on the current rate.
5. Review the transaction details
Before confirming, carefully review the transaction details, including the amount, recipient address, and any applicable fees. Ensure everything is correct to prevent mistakes.
6. Confirm the transaction
After verifying the details, tap ‘Send’ to confirm the transaction. You may be asked to enter your Cash App PIN or use your biometric authentication to complete the process.
7. Wait for the transaction to process
The transaction will now be processed. Bitcoin transactions can take anywhere from a few minutes to over an hour depending on network congestion and fees. You can track the transaction in the ‘Activity’ section of the Bitcoin tab.
8. Verify the transaction
Once the transaction is complete, you will receive a confirmation in the app. You can also verify the transaction on a blockchain explorer using the transaction ID provided.
Fees and how long it takes
Cash App charges a fee for Bitcoin transactions, which varies based on network activity and transaction size. Fees are typically higher during periods of high network congestion. The time it takes for a transaction to complete also depends on network conditions, but it usually ranges from 30 minutes to a few hours.
For faster transactions, you may choose to pay a higher fee. Cash App provides an estimate of the fee before you confirm the transaction, allowing you to adjust based on your preferences.
Tips to avoid mistakes
- Always double-check the recipient’s Bitcoin address before sending.
- Consider sending a small test transaction first to ensure accuracy.
- Monitor network fees and choose an appropriate fee for your transaction speed needs.
- Keep your Cash App account secure with strong passwords and two-factor authentication.
- Regularly update the Cash App to ensure you have the latest security features.
Stay safe
- Bitcoin transactions are irreversible, so ensure the address is correct.
- Beware of phishing scams and only use the official Cash App.
- Protect your device with a strong password and biometric authentication.
- Never share your Cash App PIN or authentication codes with anyone.
- Keep your seed phrase or recovery information secure and private.
If something goes wrong
Transaction not processing — Check your internet connection and ensure the Bitcoin network is not experiencing delays. You can also try restarting the app.
Incorrect address entered — Unfortunately, Bitcoin transactions cannot be reversed. Double-check the address before sending to avoid this issue.
Insufficient funds — Ensure you have enough Bitcoin in your Cash App balance to cover the amount and fees. Add more Bitcoin if necessary.
App not responding — Try closing and reopening the app. If the issue persists, contact Cash App support for assistance.
Doing this as part of trading, income, or a disposal? See how it may be taxed in Tax by country and the taxable-events section — information, not advice.
