So, you want to do more with Square Cash App. It is good if you are really thinking about buying and selling Bitcoin with the Cash App. But, before you start Bitcoin trading on Cash App, there are a few things that you must keep in mind. No, I am not saying that the process of trading is difficult. In fact, all the steps to sell and buy BTC are quite simple and straightforward and you can perform them with ease of mind.
But, before we proceed and learn how to purchase, sell, and send Bitcoin on Cash App, it will be in your favor to have a quick introduction to Bitcoin. As many of us already know that Bitcoin is a primary form of Cryptocurrency, it is the most popular, acceptable, and recognizable in the world. As it happens in all types of investment, in Bitcoin trading also your aim must be to buy BTC at a lower rate and sell them at a higher rate. The easiest would be the selling & buying process; the better it would be for you.
And it comes as no surprise that Cash App by Square offers a fast, user-friendly, and simple way to sell and buy Bitcoins. To help you understand all about Bitcoin trading on Cash App, I am going to answer some of the commonly asked questions.
To enjoy the hassle-free Bitcoin trading services in Cash App, the first thing that you have to do is to create a Cash App account. Also, you will be required to add your bank account (debit card) and share your personal information such as email id phone number, address, and SSN (last four digits). Once you complete your sign-up, you can follow the below-mentioned steps to purchase BTC in Cash App.
Selling BTC is an important part of Bitcoin trading. As we all know the Bitcoin price always keeps fluctuating, you will have just a few seconds to sell your BTC. It means every fraction of a second is important to gain the benefits. So, these are quick steps you have to follow to sell BTC on Cash App.
Does Cash App charge a fee for selling and buying Bitcoin? It may be your next question. Here is the reality: Yes, whether you are selling or buying BTC, Cash App charges a 1.75 percent fee as service charges for each Bitcoin transaction. Also, it applies a volatility fee which depends upon the market performance. As the volatility fee is not fixed, I recommend you to check it at the time of selling and buying BTC. It will appear after entering the amount.
What I like most about Cash App Bitcoin is that users can send Bitcoin from Cash App to any other Bitcoin wallet. To do so, you will be required to scan the QR code or use the Bitcoin wallet address. Every Bitcoin wallet which supports the receiving of BTC from another app does have a unique Bitcoin wallet address. You can find this address or QR code in the receiving column.
It means you can send Bitcoin from Cash App to Coinbase, Binance, and Robinhood BTC wallet with ease of mind. But, before that, you will have to enable Bitcoin withdrawal on Cash App. Actually, this is a verification process that I have recently explained in my previous blog. Open the given link and activate your BTC withdrawal on Cash App.
So, that was all about Bitcoin Trading on Cash App. To ensure you don’t make any mistakes, we also described how to buy Bitcoin with Cash App and sell them in simple steps. All the information is latest and updated. Just stick to them and you will be all set to get the fullest advantages. But, in case, if you are not satisfied with the given information or need more clarification, you can share your concern in the comment section below.