Did you know that you can earn Bitcoin through Cash App by activating a Bitcoin Boost?
If you reside in the United States or the United Kingdom and looking for a versatile mobile money platform for sending and receiving money, making purchases, and investing in stocks and Bitcoin, Cash App stands out as the ideal choice. Beyond its core functionalities, what makes it particularly appealing is the opportunity to earn free money through the app.
In this article, we will delve into the specifics of how to make money with Bitcoin on Cash App, addressing various related queries along the way. Stay tuned for more details.
What Is Bitcoin Boost?
Similar to various other promotional features, activating Bitcoin Boosts enables you to accumulate free Bitcoin when you make purchases using your Cash Card. When you activate a “Bitcoin Boost” while using your Cash Card for transactions, Cash App will conveniently add Bitcoin to your Bitcoin Balance within your account.
Among the assortment of available boosts on Cash App, you can also find Direct Deposit boosts, Starbucks Coffee boosts, Burger King boosts, and Sam’s Club boosts, just to name a few. These boosts offer opportunities to earn free funds when you activate them on your Cash App.
How To Make Money with Bitcoin Boost On Cash App
Once you’ve added Bitcoin Boost, on the Cash App, you stand eligible to earn free Bitcoin to your Bitcoin wallet through your Cash Card purchases.
To add a Bitcoin Boost on Cash App, follow these steps.
Open your Cash App and Click on the “Cash Card” icon
Click the “Save With Boost” tab
Click on “Bitcoin Boost”
Click “Add Boost”
You’re now eligible to earn Bitcoin when making Cash Card purchases.
Cash App Bitcoin Wallet
Cash App includes its own Bitcoin wallet, and it’s important to note that the wallet address changes after each successful Bitcoin transaction. Therefore, it’s crucial to verify the current wallet address when initiating a payment. The exciting news is that you have the capability to transfer Bitcoin from your Cash App wallet to an external wallet, specifically one called “Blockchain.”
To view your Bitcoin wallet address
Open your Cash App and click on the “Bitcoin” tab
Choose “View Bitcoin Address” to see your current wallet address.
- How to Deposit Money On Cash App Bitcoin Wallet
Aside from receiving Bitcoin on Cash App, you Can also add Bitcoin directly to your wallet.
To add Bitcoin to your wallet, follow these steps
Open your Cash App and click on the “Bitcoin” tab
Select “Deposit Bitcoin”
You then Copy, Scan or share your Cash App Bitcoin address with an external wallet (Blockchain)
Enter in your PIN or Touch ID to confirm the payment.
Before utilizing this service, you must enable Bitcoin Withdrawal and Deposit functionality on Cash App. An exciting feature is the ability to deposit up to $10,000 worth of Bitcoin within a seven-day period.
Cash App ensures that Bitcoin deposits happen instantaneously, although occasionally, it might take a few hours for the confirmation to appear in your Blockchain or Cash App wallet. It’s important to note that Cash App exclusively supports Bitcoin transactions; no other cryptocurrencies are supported.
Additionally, your Bitcoin address undergoes immediate changes after a successful deposit, so it’s crucial to verify the current Bitcoin address when initiating a deposit.
How To Withdraw Bitcoin On Cash App
Here are the steps to follow if you want to withdraw Bitcoin on Cash App
Open your Cash App and click on “USD” and choose “BTC”
Choose “Bitcoin”
Enter the Bitcoin amount you wish to withdraw
You can scan the QR code by tapping at the top left corner or clicking “Send” and enter your wallet address manually
Click on the wallet address to confirm
Click “Next”
Choose a withdrawal speed
Click “Confirm & Send” to complete the withdrawal
When initiating your first Bitcoin withdrawal within the app, Cash App will request additional personal details before permitting the withdrawal.For the “Standard Withdrawal Speed” option, the minimum withdrawal amount is $1 (0.00001 BTC). Conversely, if you opt for the “Rush & Priority” method, the minimum withdrawal amount increases to $5 (0.00005 BTC).
Cash App Bitcoin Withdrawal Fee
Cash App imposes a 1.75% fee on Bitcoin withdrawals and includes a small fee for Bitcoin transactions, whether buying or selling. The transaction fee is disclosed before finalizing the payment, calculated based on the current Mid-Market price. It’s worth noting that the fee may differ when buying Bitcoin compared to selling it, and Cash App’s fee structure may vary from other Bitcoin platforms.
To view your Bitcoin purchases or withdrawal fee
Open your Cash App and click on the “Activity” tab
Choose ” Bitcoin Transaction”
Click on the “°°°” at the top right corner and the exchange rate and fee will show
- How To Invest/Buy Bitcoin On Cash App
To buy Bitcoin on Cash App, make sure you have a balance in your account.
Follow these steps to buy Bitcoin on Cash App
Open your Cash App and click on the “Bitcoin” tab
Click “Buy BT”
Choose the amount you want to buy or click “°°°” to select a custom amount.
Enter your “PIN” and choose “Confirm” to complete the transaction
Note: Cash App may need additional geographical information to complete the request.
How to sell Bitcoin on Cash App
To sell your Bitcoin on Cash App, follow these detailed Step-by-step guides.
Download and open Cash App on your iPhone or Android
Navigate to the “Investing” icon located at the bottom of the screen
Choose “Bitcoin” from the options
Click the “Sell” button and enter the desired amount
Click “Sell” to confirm the sale
Following the listed steps above, you can easily and conveniently sell your Bitcoin on Cash App.
How To Send Bitcoin From Cash App To Blockchain
You can comfortably send Bitcoin on Cash App to Blockchain.
Follow these steps to send Bitcoin to Blockchain on Cash App.
Open your Cash App and click on the “Money” icon
Click on the “Bitcoin” tab
Click the “Airplane” tab
Select “Send Bitcoin“
Enter the amount and the $Cashtag or Bitcoin address you’re sending to
Click “Next”
Choose a deposit “Speed”
Finally, click “Confirm & Send” to complete the transaction.
Note: you can receive Bitcoin from any Blockchain wallet to your Cash App wallet. The minimum Bitcoin you can send on Cash App is $1 which is (0.00001 BTC).
How To Send Bitcoin On Cash App To Any $Cashtag
You can send Bitcoin to any $Cashtag on Cash App instantly.
To do this, follow these steps
Open your Cash App and locate the payment pad Click on “USD” and choose “BTC”
Enter a minimum of $1 and click “Pay”
Enter the $Cashtag, current phone number, or email address of the recipient
Click “Pay” and the Bitcoin will be sent instantly.
This method is also known as peer-to-peer (P2P) payment.
- Cash App Bitcoin Sending Limit
Bitcoin payment on Cash App is limited. It’s advisable to always check your limit progress before making a payment.
To know/view your Bitcoin limit,
Open your Cash App and click on the “Money” icon
Click on the “Bitcoin” tab
Select “Bitcoin Limits” to view your weekly and monthly limits.
Note: immediately you initiate a Bitcoin payment, the limits are tracked down. The limits range from a 7 given day period and a 30 given day Period.
How do I view my Bitcoin Balance on Cash App
To view your Bitcoin Balance on Cash App, follow the steps below.
Open your Cash App and click on the “Investing” tab on your home screen
Choose “Bitcoin” From the options
S
elect “View Bitcoin Balance“.
This feature enables you to see the overall sum of Bitcoin you’ve acquired from your Cash Card transactions. Additionally, it provides the ability to examine the specific Bitcoin you’ve gained from a particular transaction. Simply select the relevant Cash Card payment in your “Activity” section to access this information.
How do you get verified on Cash App for Bitcoin
Verifying Bitcoin wallet on Cash App is a straightforward and easy process.
Below are well detailed steps on how to verify Bitcoin wallet on Cash App.
Open your Cash App and click on the “Profile” icon
Navigate and click on the “Bitcoin” tab
Scroll down and click on the “Bitcoin Verification” icon
Follow the instructions to complete the verification process.
Please be aware that if Cash App requests further verification information, it is advisable to provide all necessary details to ensure security.
Benefits of Verifying Bitcoin Wallet on Cash App
Verifying your Bitcoin wallet on Cash App comes with lots of benefits.
These are some of the benefits it offers.
Elevated Transaction Thresholds: After the verification of your Bitcoin wallet, you’ll enjoy significant boosts in your ability to purchase, send, and withdraw Bitcoin.
Supplementary Functions: By confirming your Bitcoin wallet, you gain the advantage of transferring funds from Cash App to external wallets like “Blockchain.”
Enhanced Security: Verification provides robust protection for your Bitcoin transactions, guarding them against any unauthorized access attempts.
Account Authenticity: It signals to Cash App that your account is legitimate and trustworthy.
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- Conclusion
Now that you’ve grasped the process of earning money with Bitcoin via Cash App, carefully follow this guide to understand how to initiate Bitcoin transactions, both sending and receiving. Additionally, gain insights into investing in or purchasing Bitcoin, comprehend the withdrawal fees and sending limits, and explore other relevant aspects we covered regarding Bitcoin in this post.