HomeOnline TipsUpdate! How To Use Cash App To Purchase and Send Bitcoin Funds
Update! How To Use Cash App To Purchase and Send Bitcoin Funds
July 28, 2020
Beautiful people, in this article I’m going to show you how you can use your cash app to actually purchase Bitcoin and send that Bitcoin wherever you want to send it whether it’s to another person or with a trading broker or any other kind of crypto exchange whatever the case may be, you can actually use cash app to do that. So first and foremost what you’re going to do is simply click on the button to the lower left side right let’s just say that you want to fund a broker or you want it to send $1,000 worth of Bitcoin all right out so that way you can get it to your broker or you can send $1,000 worth of Bitcoin to purchase something from someone or send to someone.
Somewhere whatever the case may be the first thing you need to do is click on add cash you’re then going to
select the amount that you want to send by dollar mouse’ let’s just say it because in this example we choose $100
so let’s just say I wanted to send out $100 or fund a broker with $100, of course, it’ll be a little bit more if
you’re more serious about trading or whatever the case may be, but this is just for example purposes right what
you’re gonna do from here okay.
So you’re gonna go right over okay to the Bitcoin button which you will see on the lower right-hand side it is the
second-to-last button on the bottom right so what you’re gonna do from here. You’re basically all right going to
buy Bitcoin so we funded it with a hundred bucks right so what we’re gonna do is we’re gonna buy a hundred dollars
worth of Bitcoin because we already have this 100 dollars in the cash app wallet right let’s say if you want to spend five hundred thousand ten thousand.
Whatever the case may be okay that’s the amount that you’re gonna select to actually purchase your Bitcoin
as you can see over here on my account it’s up to 10,000 at once right so let me just click on next
all right face IB this is gonna make me confirm the transaction and once it is confirmed now I have $100 worth a Bitcoin added to whatever is in my Bitcoin wallet right here on cash app.
Okay now at this point you may want to send funds to a broker or whatever the case may be so the way you’re going to do that is you’re gonna go back to the button on the lower left-hand side you’re going to click on Bitcoin right
and then you are going to scroll down now for some of you you may see something that reads enable withdrawal
and deposits okay, if you see that that means you have not unlocked the feature yet but it’s all good just simply click on enable withdrawals and deposits.
Basically upload your identity verification and answer whatever questions they are asking you to answer
within 24 hours you should be good to go if all as well and then from there you can actually send out Bitcoin or deposit somewhere else if you want to send your current Bitcoin funds from your big coin while address in your cash app to an external Bitcoin wallet address that perhaps belongs to your broker account perhaps belong to someone who you’re selling the funds to. Be it Bitcoin you’re
Simply going to select on withdraw Bitcoin right you’re gonna select the amount of Bitcoin you want to send
and if it’s a broker or if you’re setting it to somewhere they’re gonna let you know exactly what BTC amount you
need to send that’s equivalent to the dollar amount you’re trying to send right in this case you can see that I
only have 0.46 worth of Bitcoin available right so basically you’re gonna select the numbers based on that.
Whatever the case maybe you’re simply gonna click on withdraw right and then it’s gonna prompt you to scan the QR code now if you don’t have a QR code that you send it to but someone sent you a manual Bitcoin wallet address that you can actually click in the bottom where it reads enter manually and this is where you would enter to Bitcoin wallet address belonging to the wallet that you are actually trying to send these funds to.
Once you enter that and it could be basically a bunch of random letters and numbers whatever the case
maybe okay you’re then going to select next and confirm that transaction very simple on the receiving end they should be able to receive your Bitcoin within a matter of moments and I recommend that you save the destination Bitcoin wallet address on paper, in case if there is a problem on the receiving end of this transaction
So I hope this article was helpful enough and easy for you to understand, please feel free to share this article with anyone who may be purchasing Bitcoin using cash app or maybe sending Bitcoin
from their cash app Bitcoin wallet address over to another Bitcoin wallet address if you find this helpful.