Need to know why your bitcoin withdrawal from Cash App has been delayed?
Are you having trouble getting Bitcoin out of Cash App?
Thankfully, you’ve found the right page. In addition to addressing these concerns, this article will also show you how to get your Bitcoins out of Cash App.
Keep reading to find out the details on all of this and more! Also, make sure you’re only doing legal things with your account.
Why is my Cash App Bitcoin withdrawal pending?
Short Answer: Your Cash App Bitcoin withdrawal is pending because of inadequate funds, an unverified account, a poor internet connection, or a server error.
1. Insufficient funds
Any attempt to withdraw Bitcoins when insufficient money exists will be placed in the pending status. Withdrawals from Cash App need exactly 0.001 BTC. You also need to have at least 0.0001 BTC in your account.
2. Non-verified account
It’s very common for Cash App users to have a Bitcoin withdrawal request stuck in the pending state since their account is unverified. Make sure the app is up-to-date and your Bitcoin account is validated before attempting a withdrawal.
3. Unreliable internet access
Your Cash App Bitcoin withdrawal is probably still processing because of a shaky network connection. The withdrawal might enter a pending condition if the internet connection is unreliable. To withdraw bitcoin through Cash App, you’ll need a stable internet connection. If you want a better connection, try restarting your router or plugging in an ethernet cable.
4. Problem with the server
Your Bitcoin withdrawal may be delayed if the service is experiencing technical difficulties. You’ll have to wait a while and keep refreshing the page to see whether the server is still up and the transaction was successful. Contact Cash App Support for assistance if the server is available but the transaction has not yet been completed.
Why can’t I withdraw my Bitcoin from Cash App?
You are not able to withdraw Bitcoin from Cash App because of a lack of identity verification, outdated Cash App, safety concerns, or incorrect Bitcoin address.
1. Lack of identity verification
To withdraw Bitcoins from an unverified account, you must first complete registration. Make sure you’re using the right email address and password when trying to log in.
Once your identification has been verified, you will be able to read your Bitcoin address, scan the QR code, or copy the address. The next step is to paste the copied address into the Cash app. You will need a Bitcoin Wallet to use the Cash App’s bitcoin withdrawal options. You shouldn’t have any issues when you’ve established your identification.
2. Out-of-date Cash App
If the app is out of date, you may not be able to access your Bitcoins. If you want to prevent this issue, make sure you’re using the most recent version of the program.
3. Safety Concerns
There’s a good chance that you tried to make an unsafe Bitcoin transaction, which is why you’ve been blocked from making a withdrawal.
A hold may be imposed on money leaving the platform to safeguard your account and preserve the integrity of the trading system, especially if suspicious or unusual behavior is discovered. Just be sure you’re using the Cash App for legitimate purposes.
4. Incorrect Bitcoin address.
You may choose to use a QR code scanner or manually input your Bitcoin Wallet address when making a withdrawal. If you choose the second option and input an incorrect address, you will not be able to withdraw Bitcoins from Cash App. Verify your Bitcoin Wallet address or use a QR code to validate a withdrawal.
How to withdraw Bitcoins from Cash App
Here, we’ll walk you through the process of getting Bitcoin out of the Cash App. Here are the simple procedures you need to complete to get your coins out in a matter of minutes.
- Step 1: Navigate to the Home Screen and tap the “Banking” tab.
There are several options to choose from on the main page of Cash App due to its multifaceted nature, but the banking tab is where you’ll want to go if you want to withdraw Bitcoin from Cash App. The next screen will show the available choices.
- Step 2: Choose the Bitcoin option.
To continue with the withdrawal process, the next step is to choose Bitcoin as the currency. Make sure to choose “withdraw Bitcoin” from the list of alternatives.
- Step 3: Pick the mode in which you would like to be paid.
Following the selection of “Bitcoin Withdrawal,” the user is presented with the option to either enter a Bitcoin wallet address manually or utilize a QR code. Having your Bitcoin wallet stored on a computer makes scanning a QR code much simpler. If you don’t have a Bitcoin wallet, provide its address instead.
There are many different wallets available, both for mobile devices and desktop computers, so if you’re a beginner and don’t have one, you may quickly get one.
- Step 4: Authenticate Withdrawal
The last step in making a withdrawal is entering the PIN or touch ID you set up when you first registered for the app. While this may not sit well with some, it is ultimately for your benefit by preventing unauthorized individuals from accessing your Bitcoins.
Keep in mind that the minuscule quantity of 0.0001 BTC (one-hundredth of a Bitcoin) must be present in your Bitcoin wallet before you can request a withdrawal. You may withdraw a maximum of USD 2,000 worth of Bitcoin every day, or up to USD 5,000 over the course of a week. You may make a withdrawal to your external wallet in as little as 30-40 minutes.
What Is the Maximum Bitcoin Withdrawal Limit for Cash App?
The maximum daily withdrawal limit is 2,000 BTC, while the weekly limit is $5,000. However, rising Bitcoin transaction costs may be at the root of the increased withdrawal limits. The minimum amount required to withdraw Bitcoin from the Cash App is 0.001 BTC.
We hope the aforementioned reasons help you figure out what steps to take in case you are unable to withdraw Bitcoins from Cash App.
Having earned a Bachelor’s degree in Commerce from Ravenshaw University, with a background in Accounting and Finance, Akshita Pattanayak contributes to UniTopTen by writing clear and concise articles based on Finance-Tech. With more than a hundred fin-tech related articles, she hopes to educate people about how banking and payment apps function.