Cash App allows you to send bitcoin to your contacts, if you don’t know how to send Bitcoins on Cash App then this guide is for you. Sending Bitcoin on Cash App is free of cost.
Cash App is a financial platform that allows its users to send and receive money, you can also buy and sell stocks and Bitcoin on Cash App.
In this guide, I will explain how to send Bitcoins on Cash App, How to receive Bitcoin on Cash App and what are some of the common use cases of sending Bitcoin.
Let’s dive in…
Can You Send Bitcoins on Cash App?
Cash App started as a peer-to-peer payment app. It was only used to send and receive money from your friends and family, then as it gained popularity Cash App introduced advanced features.
Recently Cash App allowed its users to buy and sell stocks and trade in Bitcoin. You can use Cash App to purchase the stocks of many companies and it is for free.
Cash App doesn’t charge you any fee to purchase Bitcoin or stocks. You can also send Bitcoin on Cash App just like you can send money to your friends and family. The problem however occurs as many users don’t know how to send Bitcoin on Cash App.
How to Send Bitcoins On Cash App?
There are two ways of sending Bitcoin on Cash App
1- Send Bitcoin from the “Bitcoin” section of Cash App
2- Send Bitcoin from the home screen of Cash App
Both of these methods are quick and you can easily send Bitcoin to others. I will discuss each method in detail so that you never forget how to send Bitcoin on Cash App.
1- How to Send Bitcoins From Bitcoin Tab on Cash App
Follow these simple steps to send Bitcoins on Cash App
- Launch Cash App
- Tap on the Bitcoin Tab located at the bottom of the Cash App home screen
- Hit the Airplane button
- Now choose “Send Bitcoin”
- Enter the amount for which you want to send Bitcoin
- Type in the email address or user $cashtag of the recipient
- Tap send
Bitcoin for the specific amount that you have entered will be sent to the person instantly.
2- How to Send Bitcoins From Cash App Home Screen
If you have already purchased Bitcoins then you can send Bitcoins directly from the Cash App home screen. Follow these simple steps to send bitcoin on Cash App to your friends
1- Launch Cash App
2- Enter the amount for which you want to send the Bitcoin for
3- Tap “Pay”
4- Now write down the $cashtag of the receiver
5- Enter the purpose of the payment
6- Tap on the “Bitcoin” tab
7- Tap on Send
Bitcoin will be sent to the recipient’s Cash App account instantly. You don’t need to own a stock or Bitcoin to send it on Cash App. You can simply send it to your friends and family without owning it.
How to Buy Bitcoins on Cash App?
If you are new to Cash App and you want to buy Bitcoins, these simple steps will help you out.
- Launch Cash App
- Tap on the “Bitcoin” Icon at the bottom of the app
- Tap on the “Buy” button
- Enter the amount for which you want to purchase Bitcoin
- Confirm the purchase
Cash App doesn’t charge you any fee to buy Bitcoin. You can not buy other cryptocurrencies on Cash App, the only one that you can purchase is Bitcoin.
What Are The Limits Of Sending Bitcoin On Cash App?
Cash App is a digital wallet and just like any other platform, Cash App also has limitations on how much money you can send every day or every month.
The same applies when it comes to sending Bitcoin on Cash App. There are limits on how much can you send in a 24-hour period or in a week before you hit your weely limit reset on Cash App.
Following are the limitations on sending Bitcoin on Cash App
1- The minimum amount per transaction to a $Cashtag is 0.00001 BTC or 1,000 sats (Satoshis).
2- Maximum Weekly sending limit on Cash App is: $7,500
3- Maximum Weekly receiving limit on Cash App is: $7,500
You can not exceed these sending limits, if you hit your weekly sending limits on Cash App you will have to wait until your weekly limit reset. You can also increase your Cash App weekly limits by verifying your Cash App account for Bitcoin or by creating two Cash App accounts.
Is It Safe to Send Bitcoin On Cash App?
Knowing how to send Bitcoin on Cash App is just not enough, Safety is one of the most important concerns when it comes to sending such a valuable thing.
You don’t want to lose your Bitcoin in the process, and trust me you will not. Cash App has a very sophisticated security system to protect your transactions and financial information.
Cash App uses 128 bits or higher encryption to keep your data safe. If you want to send Bitcoin to your friends and family on Cash App you shouldn’t worry about losing it to a hacker.
What Are the Use Cases Of Sending Bitcoin On Cash App?
There are many reasons for which you can send Bitcoin on Cash App and it varies depending on your personal needs. However, there are some common uses for which people send Bitcoin on Cash App.
If you just had dinner with your friends or family and you want to pay your part of the bill, you can send Bitcoin on Cash App instead of paying in cash. You can also pay your debt in Bitcoin to your friends and family.
You can also send Bitcoin on Cash App as a gift or a token of appreciation to your loved ones. Of course, Bitcoin is a more valuable gift than cash. You can also help your friends and family to start investing in Bitcoin by sending them at the beginning.
Verdict
This guide was all about how to send Bitcoin on Cash App. You can send and receive Bitcoin on Cash App from your friends and family. Cash App doesn’t charge any fee on this type of transaction.
Make sure that you always send Bitcoin to people that you know personally and to those you trust. Cash App security is of the highest level and protects all of your transactions by encrypting them.
I hope this article was helpful and you have got all the information that you were looking for, please leave your questions in the comments below.
Cheers…