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how to cash out bitcoin on cash app
To cash out Bitcoin on Cash App, users can navigate to the Bitcoin tab, tap "Sell," enter the amount, select a deposit method, and confirm the transaction to convert Bitcoin into cash.
Oct 03, 2024 at 08:12 am
Cash App, a popular mobile payment service, allows users to buy, sell, and hold Bitcoin. If you have Bitcoin in your Cash App account and want to convert it into cash, follow these steps:
1. Open the Cash App:- Launch the Cash App on your smartphone.
- In the bottom navigation bar, select the "Bitcoin" tab.
- On the Bitcoin screen, tap the "Sell" button.
- Enter the amount of Bitcoin you want to cash out.
Choose the method you want to receive your cash:
- Linked Bank Account: Your Bitcoin will be deposited into your linked bank account.
- Cash App Balance: The Bitcoin will be added to your Cash App balance and can be used for spending or withdrawing.
- Review the details of the transaction, including the amount, fees, and estimated deposit time.
- Tap the "Confirm" button to complete the sale.
- The Bitcoin will be sold and the cash will be deposited into your selected account according to the estimated deposit time.
- Cash App charges a fee for selling Bitcoin. The fee varies depending on the amount being sold.
- The deposit time may vary depending on the selected deposit method.
- Cash App may require you to verify your identity before allowing large transactions.
- You can also use the Cash App to purchase Bitcoin by following similar steps but selecting the "Buy" option.
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