So you want to send your Bitcoins from Cash App to Coinbase?
If that is the case, you are at the right place. This article provides a step-by-step guide to withdraw bitcoin from Cash to App to Coinbase or any other wallet.
Cash App, owned by Square Inc., is a very simple and easy money transferring app, and it keeps evolving its features. As you may, Cash App also supports buying and selling of Bitcoins and stocks.
Thousands of people use Cash App to buy and sell bitcoins, and many have a question about how to send Bitcoin from Cash App to Coinbase or any other crypto wallet they use.
Well. Sending bitcoins from the Cash app to Coinbase is pretty simple. However, first, you will need to verify your identity on Cash App by providing your SSN and other details.
If you are confused about why the Cash app requires your SSN, you can read our article Why Does Cash App need my SSN.
So, once you are verified on the Cash app, you need to enable bitcoin withdrawal on the Cash app in the settings, enter the amount of bitcoin you want to send, and enter your Coinbase wallet address. Follow the process in detail below.
How to enable Bitcoin withdrawal on Cash App-
The first step to send your bitcoins from the Cash app to Coinbase or any other wallet is to enable the bitcoin withdrawal on Cash App.
Without the Bitcoin withdrawal verification process on the Cash App, you won’t be able to send BTC to any wallet.
Well, fret not; the process is quite simple, and we have broken it down in steps below:
Steps to enable Bitcoin Withdrawal on Cash App:
- Log in to your Cash App & tap on your profile in the top left corner.
- Scroll, down and tap on the ‘Bitcoin’ under the Funds section.
- In the next menu, click on the option ‘Withdrawal Bitcoin.’
- Now, Cash App will ask you to access your camera, if you haven’t already allowed it.
- Now, to complete the verification, scan your valid ID proof, your face and enter your SSN & upload.
- Once you enter the details, you will get a prompt saying “Bitcoin withdrawal approval is pending”.
Note: It may take up to 24-48 hrs to get approval from the Square Cash App.
So, Once you are verification is approved, follow the next part of the guide below to transfer your bitcoins from Cash App to Coinbase.
How to send Bitcoin from Cash App to Coinbase-
- Step 1: Open Cash App and Tap on your Profile
Open Cash App and tap on your profile icon present in the top left corner.
- Step 2: Select Bitcoin
Now, select the option ‘Bitcoin.’
- Step 3: Tap Withdraw Bitcoin
Now, tap on the option ‘Withdraw Bitcoin.’
- Step 4: Enter Coinbase Wallet Address
In the following menu, Cash App will open up the scanner to scan a QR code address of your Coinbase wallet.
If you want to enter the Wallet address manually, click on the option ‘Enter Manually’ at the bottom.
- Step 5: Confirm the transfer
Now, Confirm with your PIN or Touch ID
Note: A user must have a balance of at least 0.001 bitcoin to withdraw or send Bitcoin.
Bitcoin sending Limit on Cash App-
Like the Cash App have a limit to send and receive money, it also has a limit to send and receive Bitcoins.
Sending Bitcoin has a few limits to be aware of.
- The minimum amount per transaction to a $Cashtag is 0.00001 BTC or 1,000 sats (Satoshis).
- The minimum amount per on-chain transaction is 0.001 BTC or 100,000 sats (Satoshis).
- Weekly sending limit: $7,500
- Weekly receiving limit: $7,500
SEE ALSO: Best Penny Stocks on Cash App to Buy Right Now
How To deposit Bitcoin into your Cash App:
To deposit Bitcoin into your Cash App:
- Tap the Banking tab on your Cash App home screen
- Select Bitcoin
- Press Deposit Bitcoin
- Scan, copy or share your Cash App Bitcoin address with an external wallet
- Confirm with your PIN or Touch ID
Note: Bitcoin withdrawals and deposits must be enabled to get started, as explained above.
Also, You can only deposit up to $10,000 worth of bitcoin in any 7-day period.
Depending on network activity, it can take hours before transfers into or out of your Cash App are confirmed on the blockchain.
How To withdraw bitcoin from your Cash App:
- Tap the Banking tab on your Cash App home screen
- Select Bitcoin
- Press Withdraw Bitcoin
- Scan a QR code address or press Use Wallet Address to enter one manually
- Confirm with your PIN or Touch ID
You must have a balance of at least 0.001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7-day period. Transfers to external wallets usually take around two hours, but can take longer.
To view your bitcoin limits and progress:
- Tap on the Banking tab
- Tap Bitcoin
- Scroll down to the Bitcoin Limits section
- If you’re on iOS, Tap View Limits Progress
How long do BTC transactions take from Cash App to Coinbase-
It may take a few hours or a few days to transfer Bitcoins from your Coin Bases.
Final Words:
So, that’s all, folks, this is how you can send Bitcoins from Cash App to Coinbase.
However, do note that after sending bitcoins from Cash App, it may take a few hours or days to receive them in the Coinbase account.
Also, if you want to make your transaction fast, then send a large number of bitcoins at once.
Further Reading:
What ATMs are Free for Cash App
(4 Steps) How to cancel cash out on Cash App
Cash App invite friends get $15 (how long does it take?)
Can Cash App Transactions be Traced by Police or IRS
Ankit Kumar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.