How to Withdraw Bitcoin on Cash App: A Complete Guide

Bitcoin has become a popular cryptocurrency in recent years and is now supported by a variety of platforms, including the Cash App.

If you are one of the many people who are using Bitcoin, you may be wondering how to withdraw it from your Cash App account. The good news is that it is a very straightforward process. In this guide, we will walk you through the steps on how to withdraw Bitcoin from Cash App.

How to Withdraw Bitcoin on Cash App

Cash App, initially known for peer-to-peer money transfers, has evolved to cater to the growing interest in cryptocurrencies. Now, users can purchase, hold, and importantly, withdraw Bitcoin. Here is how to withdraw Bitcoin on Cash App.

Step-by-Step Procedure:

1. Open Cash App: Begin by launching the Cash App application on your smartphone or tablet.
2. Navigate to Your Bitcoin Holdings: On the app’s main dashboard, you’ll spot an icon or tab that represents Bitcoin (often signified by the BTC symbol). Tap on this.
3. Choose to Withdraw: Within the Bitcoin section, you’ll find an option labeled ‘Withdraw Bitcoin’ or something similar. Tap on it to initiate the withdrawal process.
4. Specify Withdrawal Amount: You’ll be prompted to enter the quantity of Bitcoin you wish to withdraw. Ensure to double-check the amount for accuracy. If you want to withdraw your entire Bitcoin balance, there might be an option labeled ‘Withdraw All.’
5. Provide a Destination Bitcoin Address: To successfully withdraw, you’ll need to specify where you want the Bitcoin sent. This is done by providing the Bitcoin address of your external wallet. The most error-free way to do this is to scan the QR code of your external wallet using the Cash App’s built-in scanner.
6. Confirm and Complete: Once the Bitcoin address is provided, review all details to ensure they’re correct. Cash App may ask for additional confirmation, possibly in the form of a PIN or any other security measure you’ve set. Upon confirmation, the withdrawal will be processed.

How to Verify Bitcoin Withdrawal on Cash App

Bitcoin transactions on platforms like Cash App prioritize security due to the irreversible nature of cryptocurrency transfers. Before making a Bitcoin withdrawal, Cash App requires users to verify their identity. This step is crucial to ensure the safety of your assets and prevent fraudulent activities.

Step-by-Step Verification Process:

1. Access the Bitcoin Section:

• Launch Cash App and navigate to the Bitcoin tab or section, usually denoted by the Bitcoin symbol (BTC).

2. Initiate a Bitcoin Withdrawal:

• Tap on the option to withdraw Bitcoin. If this is your first time or your account requires additional verification, Cash App will prompt you.

3. Follow the Verification Prompt:

• The app will guide you through the verification steps, which typically start by requesting personal details.

4. Provide Personal Information:

• Depending on your location and Cash App’s requirements, you may be asked for various pieces of information. This can include:
  • Full Name
  • Date of Birth
  • Social Security Number (or equivalent in some countries)

5. Upload Identification:

• In some cases, you may be required to upload a photo ID. This can be:
  • Driver’s License
  • Passport
  • Other government-issued identification

6. Take a Selfie (If Prompted):

• As an added layer of security and to match your face to your photo ID, Cash App might ask you to take a selfie. Ensure you’re in a well-lit area and follow the on-screen instructions.

7. Wait for Verification Completion:

• After submitting all required information, Cash App will process your verification. This can take a few minutes to several days, depending on the volume of requests.

8. Confirmation Notification:

• Once verified, Cash App will send you a notification, confirming that you’re eligible to withdraw Bitcoin.

How to Enable BTC on Cash App

Before withdrawing, you need to have Bitcoin services enabled on your Cash App.

1. Access Profile: From the main screen, tap on the profile icon (usually the top-left corner).
2. Navigate to Funds: Scroll down and find an option labeled ‘Bitcoin.’ Tap on it.
3. Follow On-screen Instructions: Go through the terms and conditions, acknowledge them, and you’ll have BTC enabled on Cash App.

Cash App Bitcoin Withdrawal Limit

Cash App imposes limits on the amount of Bitcoin one can withdraw:

• Daily Limit: Typically, users can withdraw up to $2,000 worth of Bitcoin every 24 hours.
• Weekly Limit: Over a seven-day period, users can withdraw up to $5,000 worth of Bitcoin.

How to Increase Your Bitcoin Withdrawal Limit on Cash App

The increasing popularity of Bitcoin and its acceptance as a mainstream financial asset has many users on platforms like Cash App seeking ways to transact larger quantities.

While Cash App sets standard withdrawal limits for security and regulatory compliance, there are steps users can take to increase these limits. Below is how:

Steps to Increase Bitcoin Withdrawal Limit:

1. Open the Cash App: Begin by launching the Cash App on your device.
2. Navigate to Bitcoin Settings: Once in the app, head to your profile or settings section. Within this area, you should find options related to Bitcoin, including information about your current withdrawal limits.
3. Identify Increase Limit Option: Under the Bitcoin settings or related section, look for an option that mentions increasing limits, upgrading account, or similar verbiage.
4. Begin the Verification Process: Increasing your limits often requires additional verification. This is a measure to ensure enhanced security and compliance with financial regulations.
5. Provide Required Information: The exact information needed can vary, but typically includes:

• Full legal name
• Date of birth
• Social Security Number (or equivalent in some countries)
• Home address

6. Submit Additional Documentation: In many cases, to further increase your limits, Cash App might request:

• Government-issued photo ID (Driver’s License, Passport)
• Proof of address (utility bill, bank statement)
• A clear selfie to match against your provided ID

7. Wait for Review: Once you’ve submitted all necessary information and documents, Cash App will review your request to increase limits. This can take anywhere from a few hours to several days.
8. Confirmation: Upon approval, Cash App will update your Bitcoin withdrawal limits and notify you, either through an in-app notification or via email.

How to Send Bitcoin on Cash App to Another Wallet

If you intend to send BTC directly to another wallet:

1. Access Bitcoin: Tap on the Bitcoin balance on your Cash App home screen.
2. Initiate Transfer: Tap ‘Send Bitcoin’ and input the amount.
3. Input Wallet Address: Either manually enter the desired BTC address or scan the QR code associated with the recipient’s wallet.
4. Confirm & Send: Review all details to ensure accuracy, then confirm the transaction.

Conclusion

Withdrawing Bitcoin from your Cash App account is a simple process that can be completed in just a few minutes. By following these steps, you can safely and securely withdraw your Bitcoin and start using it wherever you like.