Cash App's Bitcoin address is a unique identifier that allows you to receive Bitcoin payments.
To get your Bitcoin address on Cash App, you need to have a Cash App account and be in the US, as this feature is currently only available to users in this country.
Your Cash App Bitcoin address is automatically generated and can be found on the app's home screen, under the "Bitcoin" tab.
Sending Bitcoin
To send Bitcoin from Cash App, you'll want to follow these steps.
First, make sure your Zengo wallet is properly configured before withdrawing your Bitcoin from Cash App. Zengo is a web3-ready non-custodial wallet that uses industry-leading MPC technology to keep your digital assets safe and secure.
To get started, open the official Cash App and log in to your account. Then, toggle from USD to BTC by selecting “USD” on your Cash App home screen.
You can send Bitcoin to any valid Bitcoin wallet address, whether it's within or outside the app. The time it takes to send Bitcoin from Cash App to another wallet hinges on the state of the Bitcoin network, which can take anywhere from 30 minutes to several hours.
To send Bitcoin, select the "Bitcoin" tab, then tap on the "Send" button. Enter the amount of Bitcoin you want to send, and you'll be asked to scan a QR code or manually enter the recipient's Bitcoin wallet address.
Double-check the wallet address to avoid any mistakes, as Bitcoin transactions are irreversible. You can also use the Bitcoin withdrawal whitelist feature to reduce the risk of sending Bitcoin to an incorrect address.
The default cap for sending Bitcoin is set at $250 within a seven-day duration. However, you can raise this limit by successfully verifying your identity, which will require your full name, your birth date, and the final four digits of your SSN.
Here are the steps to verify your identity and increase your sending limit:
- Tap on the Profile icon within the app
- Select 'Limits'
- Follow the prompts to verify your identity
After successfully verifying your identity, your sending limit may be boosted to $7,500 weekly and $17,500 monthly.
Receiving Bitcoin
To receive bitcoin with the Lightning Network, tap the Money Tab, then the Bitcoin tile, then the airplane button, and follow the prompts to receive bitcoin.
You can receive bitcoin with the Lightning Network without the sender needing a Cash App account, but they will need a bitcoin wallet with Lightning enabled. This feature is not available to customers in New York.
To receive bitcoin, add an optional amount, then share your QR code or show it to the sender to scan.
Sending from Another Wallet
Sending from another wallet to Cash App is a straightforward process. Enter the recipient's wallet address when prompted and confirm the transaction.
The time it takes for the transaction to be processed depends on the state of the Bitcoin network, which can take anywhere from 30 minutes to several hours.
You'll need to use the recipient's wallet address to send Bitcoin from another wallet to Cash App.
A fee may be charged by the Bitcoin network for processing the transaction, which will be deducted from the amount of Bitcoin you're sending.
This fee is automatically deducted, so you don't need to worry about it.
Here's a summary of the steps to send Bitcoin from another wallet to Cash App:
- Enter the recipient’s wallet address when prompted and confirm the transaction.
- Your Cash App Bitcoin wallet address will be used to facilitate the transaction.
How to Receive
Receiving Bitcoin can be a bit tricky, but don't worry, I've got you covered. To receive bitcoin with the Lightning Network, you need to tap the Money Tab, then the Bitcoin tile, and finally, tap Receive bitcoin.
You'll be asked to add an amount, but this is optional. After that, you can either share your QR code with the sender or show it to them and have them scan it. The sender doesn't need a Cash App account to pay your request, but they will need a bitcoin wallet with Lightning enabled.
One thing to keep in mind is that this feature is not available to customers in New York. Also, be aware that Cash App currently only accepts Bitcoin (BTC) and does not support any other cryptocurrencies.
If you're sending Bitcoin from another wallet to Cash App, the process is the same as sending to any other wallet: enter the recipient's wallet address when prompted and confirm the transaction. Your Cash App Bitcoin wallet address will be used to facilitate the transaction.
To find your Bitcoin address on Cash App, go to the "Bitcoin" tab within the app and tap on the "Wallet" section. Your Bitcoin address will be displayed.
Bitcoin Transactions
You can use Cash App for Lightning and Bitcoin Network transactions, which means you can request, send, receive, and withdraw bitcoin with others on Cash App or outside of Cash App.
To track a Bitcoin transaction from Cash App, you'll want to tap on the "Activity" tab, which looks like a clock icon. Find the Bitcoin transaction you want to track and tap on it to view the transaction details. The "Confirmations" field will show the number of confirmations the transaction has received on the Bitcoin network, usually six for a confirmed transaction.
You can also copy the transaction ID and paste it into a Bitcoin block explorer website to view more details about the transaction.
Lightning and Network Transactions
You can use Cash App for Lightning and transactions on the Bitcoin Network (blockchain). This means you can request, send, receive, and withdraw bitcoin with others on Cash App or outside of Cash App.
With Cash App, you can send bitcoin to anyone with a Cash App account, and they can send it back to you. It's a convenient way to transact with others who also use the app.
You can also use Cash App to withdraw bitcoin to an external wallet or exchange it for cash. This gives you more flexibility and control over your bitcoin holdings.
You can request, send, receive, and withdraw bitcoin with others on Cash App or outside of Cash App, making it a versatile tool for bitcoin transactions.
Tracking a Transaction
Tracking a Transaction is a crucial step in ensuring the security and legitimacy of your Bitcoin transaction. To do this, you can use the Cash App, which provides a clear and straightforward way to track your transactions.
Tap on the "Activity" tab, which looks like a clock icon, to view your transaction history. You'll see a list of all your recent transactions, including the one you want to track.
Find the Bitcoin transaction you want to track, and tap on it to view the transaction details. This is where you'll get a better understanding of the transaction's status.
The "Confirmations" field shows the number of confirmations the transaction has received on the Bitcoin network. This is an important metric, as it indicates the level of security and legitimacy of the transaction.
You can also see the transaction ID, which you can copy and paste into a Bitcoin block explorer website to view more details about the transaction. This is a great way to get a deeper understanding of the transaction's history and status.
Frequently Asked Questions
How do I find my Bitcoin address?
To find your Bitcoin address, check your Bitcoin wallet app, where it's usually displayed prominently. Look for it within the app to send or receive Bitcoin.
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