Bitcoin Trading on Cash App: How to Buy, Sell, and Send BTC

Bitcoin Trading on Cash App: How to Buy, Sell, and Send BTC

May 24, 2022 by admin 2865 Views

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.

How to buy Bitcoin on Cash App?

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.

  • First, Sign in to cashapp on your phone if you are not already.
  • Now look at the left lower corner of the screen, you will find the “My Cash” tab; tap it.
  • Scroll down a little under the “cash” option; a Bitcoin tab will be available. Select it.
  • Then, to purchase the BTC press the buy button.
  • The next screen will show you the current rate of the Bitcoin and trend.
  • Now enter the amount to purchase the Bitcoin.
  • If everything looks fine, press the buy tab to confirm the purchase and scan your thumb to validate the purchase.
  • The Bitcoin purchasing process in Cash App ends here.

How to sell Bitcoin 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.

  • To sell BTC, hit the “My Cash” tab available on the home screen.
  • Now get into the Bitcoin tab available under the cash tab.
  • Tap on the sell option and proceed.
  • Now enter the amount, you want to sell.
  • Also, check out the current rate of Bitcoin, fees, and applicable charges for selling your BTC.
  • If everything looks fine to you, press the sell tab and scan your touch id to clear the verification.
  • You will get a confirmation message on the screen which means you have sold the BTC successfully.

What does Cash App charge for Bitcoin?

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.

How do I send Bitcoin on Cash App?

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.

Final Say!

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.



No Comments Available

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top