Bitcoin has become one of the most commonly used crypto currencies that emerged in the form of a revolution in our financial sector. Due to reported scamps, the cryptocurrency is now banned in certain countries. However, following this incident, the currency has become much more secure, as well as, some safer methods have evolved for using this currency in combination with the block chain technology.
If you are already a Cash App user, you can send Bitcoins from your account.
What is the Bitcoin cryptocurrency?
Well, this is the first cryptocurrency that is now widely preferable in the developed countries.
Cash App – What is it?
- This is an online payment system and wallet, which enables users to make transactions instantly.
- It is also possible to cash out the fund instantly to the bank account by using this application.
- You can transfer money from this application to PayPal easily.
- You can purchase Bitcoins using your Cash App account.
How to purchase Bitcoin with your Cash App account?
If you want to purchase Bitcoins using your Cash App, and looking for stepwise guidance, hold on. Read below to know all the steps involved in this procedure.
- Launch the application on your device and then select the BTC and cash option, located on the top of the screen.
- You can swipe either to your left or right to select the BTC symbol option at the top right corner.
- Now, you can buy the BTC. You can either choose the slider or the swipe up option to enter the Bitcoin amount you want to buy.
- Tap on the button to make the purchase.
- Use your touch ID or insert the Cash App pin to complete your transaction security. Click on the Confirm button and your purchase is completed.
You can also enjoy the refund facility if you conduct the purchase mistakenly or due to some other reasons. Read the Cash App refund policy before proceeding.
Purchasing Bitcoins using the Cash App account – Is it a hassle?
As mentioned, this is one of the most frequently used online wallets that are preferred by millions of users to make online transactions quickly. Purchasing Bitcoins with this application is a hassle-free process. You can follow the steps mentioned below:
- On your device, open the application and tap on the BTC option located at the topmost corner.
- Swipe on left/right and choose the BTC option.
- Enter the Bitcoin amount you want to buy.
- Tap on the option to complete the final purchase.
- Use your touch id or give your pin number that you use as the app’s safety lock.
- Tap on the confirm tab and your purchase is done.
How can you send Bitcoins through this application?
If you want to send Bitcoins to any external wallet, you can do so easily by accomplishing the steps mentioned below:
- Install the Cash App on your device and choose the profile icon present in the top left corner of the screen.
- Now, scroll to the fund section and then tap on the Bitcoin option.
- Before withdrawing the funds, it is vital to confirm your identity.
- After the identity verification process is completed, you can choose to transfer out and tap the Confirm button.
- Now, open the QR scanner present in your external wallet or you can select the wallet address option provided at the bottom end of your device.
- Tap on the Confirm option.
Once all the steps are completed, your Bitcoin withdrawal process through the Cash App account will be done.
Sending or transferring of Bitcoins from your Cash App can sometimes take longer, so it’s suggested to wait for a while after completing the transaction.
Is it safe to conduct transactions of Bitcoins via Cash App?
It is completely safe to use this application portal for transferring and purchasing of Bitcoins. This is a legal and authenticated platform, ensuring complete financial security to all users.
Still, if you come across any issue while conducting the purchasing process for sending Bitcoins through this app, the customer care service desk is always available round the clock.
The experienced support team of Cash App is always willing to assist you with the issues you face while accessing the app. Moreover, they know how to listen patiently to the technical issues being faced by the users and provide tailor-made solutions accordingly.