Do you want to trade in crypto-currency? Well, many people have resorted to crypto-currency investments in recent years since this industry blew up big time. The big breakthrough that the crypto-currency needed was when the value of one bitcoin spiked to several thousands of dollars.
That’s what contributed heavily to its popularity. Now there are many websites and apps through which you can trade in crypto-currency.
So, if you are one of them, then this article will be surely useful to you.
What Is Bitcoin On Cash App?
Bitcoin is a crypto-currency. Currently, a single bitcoin costs almost $63K. Bitcoin is one of the best crypto-currencies to start trading into. Using Cash App, you can buy and sell bitcoins very easily. Its simple and secure interface enables traders to trade in bitcoins easily and smoothly.
Also Check:- How to purchase bitcoin on Cash app?
How To Accept Bitcoin On Cash App?
Since Cash App is known for its ease of use and secure interface, accepting bitcoin is a piece of cake. Follow the following steps to accept bitcoin on Cash App:
Step 1: From the Google Play Store or Apple App Store, download the Cash App application.
Step 2: Complete the registration process. Select a Cashtag, this will be your username.
Step 3: Add funds to your Cash App account, so that you can buy bitcoin. To add funds, tap on “Add Cash” on the app’s home screen. Follow the steps following it to add funds to your Cash App account.
Step 4: Then, on the home screen, tap “Deposits and Transfers”. Select the bitcoin option. Then select “Enable Withdrawals & Deposits”.
Step 5: Input the required input information. After it is completed, the app will verify your credentials. This may take up to 48 hours.
Step 6: After verification, go to “Investing”. Choose “Bitcoin”.
Step 7: Buy the bitcoins you want to.
How To Enable Bitcoin On Cash App?
Before doing any trading in bitcoins, you need to select the option implying that you want to trade in bitcoins. In the previous section, follow step 6. Open the app. Go to the “Investment” section. Then, choose “Bitcoins” instead of “Stocks”.
How To Verify Bitcoin On Cash App?
You only get verified bitcoins to trade on Cash App. That’s the best thing about Cash App. This is what makes it secure. Talking about your Cash App account, before bitcoin trading you need to input the required information and wait for the verification process to complete. This usually takes up to 48 hours. For detailed information, refer to the steps mentioned in the section “How To Accept Bitcoin On Cash App?”.
How To Withdraw Bitcoin On Cash App?
Follow the following steps:
- Open the Cash App and hit the profile tab at the top-right corner of the screen.
- Tap on the “Bitcoin” option.
- Then, enable “Bitcoin withdrawal”.
- When a verification pop-up comes, hit “Continue”.
- Give the necessary permissions and scan your face and your valid ID.
- Now, wait for 24-48 hours for the withdrawal approval. Now, you can transfer and withdraw bitcoins through Cash App.