Bitcoin has exploded in popularity over the last few years. As the world’s first and most valuable cryptocurrency, an increasing number of people want to learn how to use it. One of the most common questions asked by bitcoin beginners is how to send bitcoin using Cash App.
Cash App is a popular peer-to-peer money transfer app developed by Square. In 2024, Cash App has made sending, receiving, buying and selling bitcoin easier than ever. What makes Cash App unique is that it allows users to invest in bitcoin directly from the app using US dollars. This eliminates the need to navigate cryptocurrency exchanges.
This handy guide will walk you through the process of sending bitcoin on Cash App in 2024, in simple, easy-to-follow steps. We’ll also provide tips and explanations for beginners along the way. Let’s get started!
How Sending Bitcoin on Cash App Works
Before we dive into the specifics, let’s briefly overview the process of sending bitcoin on Cash App:
- First, both the sender and recipient need to have the Cash App bitcoin feature enabled on their app. This can done by linking a bank account or debit card to your Cash App.
- The sender then enters the wallet address or $cashtag of the recipient’s Cash App account.
- Next, they input the amount of bitcoin they wish to send in either BTC or dollar value. They can send part of their balance or their full balance.
- Cash App charges a small transaction fee for bitcoin transfers. The fee amount depends on the market conditions, but is usually 1-2% of the transaction total.
- After reviewing the details to ensure they are correct, the sender can hit “send” to complete the transfer.
And that’s it! As you can see, Cash App makes sending bitcoin simple, fast and convenient. Now let’s explore each step in more detail.
Step 1: Enable Bitcoin in Your Cash App
In order to send bitcoin on Cash App in 2024, you must first have the Cash App bitcoin feature enabled. Here is how to turn it on:
- Open up the Cash App mobile app on your smart phone device.
- Tap on your profile icon on the top-right.
- Scroll down and select “Bitcoin” under the “Finance” section.
- Read through the provided information then enable bitcoin by linking your bank account. This allows you to buy, sell and send bitcoin from directly within Cash App.
Enabling bitcoin only takes a minute or two. Once linked and enabled, the orange bitcoin tab will appear along the bottom menu. This allows easy access to your BTC wallet and full transaction functionality.
Step 2: Get the Recipient’s Cash App Username/Address
Obviously, to send bitcoin to someone from Cash App you need their account details. There are two ways this can be done:
Share your Cash App $cashtag
A $cashtag is similar to a username on Cash App. It consists of a dollar sign followed by a unique name, like $JohnnySmith.
To find your own $cashtag to share with others, open up your profile and tap the share icon next to your name/profile picture.
Share your Cash App BTC wallet address
Under the bitcoin tab in your app, you can tap “Bitcoin Address” to view your account’s BTC receive address. Tap copy to share this string of letters/numbers with others.
So get the appropriate detail from whoever you want to send bitcoin to. Later when sending funds you can paste their $cashtag or BTC address directly into Cash App.
Step 3: Enter the Amount and Details of Your BTC Transfer
Ready to send some bitcoin? Let’s run through how to input the details:
- Open Cash App and select the orange Bitcoin tab on the bottom of your screen.
- Tap “Send” in the top-right corner.
- On the “To:” line, paste the $cashtag or BTC address of the recipient that you obtained earlier.
- Enter the dollar amount or quantity of BTC you wish to transfer. You can see your full balance above. For partial amounts, use the dollar/BTC toggle button.
- Briefly preview the transfer details. Make 100% sure everything is correct, as bitcoin transfers can’t be reversed!
Once submitted, bitcoin transfers from Cash App to another user are usually instant. However, larger network delays could cause some transactions to take hours for network confirmation.
Step 4: Review Fee Amount & Hit Send!
The final step is to review the network fee that Cash App charges to send bitcoin, then complete the transfer:
- Before confirming everything, closely check the fee amount for the transaction. Cash App fees vary based on market conditions but are usually around 1-2%.
- If you are happy to proceed, tap “Send” in green at the bottom.
- A preview screen will pop up detailing the transfer amount and fee total. It will ask for confirmation before submitting.
- Triple check that all recipient details are 100% correct. Also ensure you are willing to pay the fee amount.
- Finally, tap “Send Now” to complete the transfer process!
Once you tap send, Cash App will begin processing the bitcoin transaction and transferring funds out of your BTC wallet.
And that’s all there is to it! With those four simple steps, you can seamlessly complete P2P bitcoin transfers on Cash App.
Key Tips for Beginners on Sending Bitcoin from Cash App
To recap, sending bitcoin only requires having the Cash App bitcoin feature enabled, getting the recipient’s account details, entering the transfer details, and hitting send.
However, when getting started, many people still have common questions or concerns around sending BTC from Cash App:
Can transfers be reversed? No. All bitcoin transfers are recorded permanently on the blockchain. Only send funds to people and wallet address you trust!
When do funds arrive? Bitcoin transfers typically complete instantly. But occasionally large network traffic may delay confirmation by a few hours.
What are bitcoin network fees? Mining fees vary based on current demand to process transactions on the BTC blockchain. Cash App bundles this external fee into their 1-2% sending costs.
Is sending free? No. Except for promotional offers that occasionally waive fees, expect around a 1-2% charge to send bitcoin. Make sure you are OK with the fee amount displayed before confirming transfers.
What happens if I input the wrong details? Unfortunately, if you mistype a recipient’s $cashtag or bitcoin wallet address, your money will be lost forever. Triple check accuracy to avoid errors!
Can I send from other wallets into Cash App? Yes! Cash App assigns each account a unique BTC wallet address for receiving funds from any external wallet. Just tap “Bitcoin Address” in your app to find your address.
We hope these beginner tips help explain sending bitcoin from Cash App! Remember to take things slow, and always double or triple check that recipient details are 100% accurate before confirming transfers.
Common Questions around Sending Bitcoin on Cash App
We’ve covered the basic steps, but many beginners still have questions about the specifics of how to send bitcoin. Here we answer some other common questions:
Do Both Parties Need To Have Cash App?
No, only the sender requires a Cash App account. The recipient simply provides their external BTC wallet address or $cashtag from any platform. Cash App is dedicated bitcoin wallet, so it can send funds out to virtually all other receiving wallets.
Is There a Limit for Sending BTC?
Cash App does not place a limit on how much users can send in a single bitcoin transaction. However, during initial account setup, total weekly sending and receiving is capped at $1,000 worth of bitcoin until further identity confirmation.
How Long Do Transfers Take?
In 2024, transfers between Cash App bitcoin wallets are now instant. However, occasionally times of heavy Bitcoin network traffic may result in delays of a few hours for transactions to officially post on the blockchain. Always factor in potential delays.
What if I Want to Cancel After Sending?
There is no cancel option – all bitcoin transfers via Cash App are permanent! Make absolutely sure all details are correct before hitting send. If input wrongly, there is no way to recover lost funds.
Does Cash App Work Internationally?
In 2024 Cash App now supports sending bitcoin internationally between global user accounts. However, fiat currency transfers (USD, etc.) only work domestically between linked US bank accounts at this time. International expansion for fiat features expected in the future.
What Are Cash App’s Fees for Sending BTC?
Cash App fees are usually around 1% of the transaction, but fluctuate based on market conditions such as mining costs and overall bitcoin demand. Fees rarely exceed 2% but sometimes are discounted below 1%. The fee estimate is always clearly displayed before confirming send.
Is Bitcoin Anonymous on Cash App?
No, Cash App collects extensive identity verification during setup for legal compliance. All bitcoin activity is tied to user profiles and may be reported for taxation purposes. For improved anonymity, transfer BTC from Cash App into a decentralized wallet unlinked from personal details.
No, Cash App is not fully anonymous. But convenient features make up for it for most everyday users and beginners.
Advantages of Using Cash App to Send Bitcoin
With cryptocurrencies going mainstream, more apps are supporting coin transfers – so why use Cash App over other options?
Although it may not be the most robust cryptocurrency app from technical standpoints, Cash App distinguishes itself through user experience.
Here are some of the key advantages Cash App has for easily sending bitcoin:
Simple and intuitive interface – Clean layout with clear transaction screens makes even bitcoin beginners feel at ease. Easy fiat onboarding directly from US bank accounts.
Instant transfers – Advanced tech delivers lighting fast payments between Cash App bitcoin wallets. Support smooth transactions for everyday P2P sending scenarios.
Top-notch security – Cash App ensures compliant record keeping and adherence to anti-money laundering regulations surrounding digital currencies. Very low risk of internal fraud or hacking of keys. Peace of mind for users.
Increasing bitcoin adoption – Backing by large financial institution in Square + Twitter/Jack Dorsey leadership boosting mainstream reputation and trust in Bitcoin. Rising long term value.
Generous promotional bonuses – To incentivize usage, Cash App frequently offers bonuses for enabling bitcoin wallets or referring friends. This allows users to stack free BTC and maximize account value.
For quick, secure peer-to-peer bitcoin transfers, Cash App stands tall as one of the premier solutions on US markets in 2024. Convenience does come with slight privacy trade offs, but makes Bitcoin accessible for the everyday person.
Sending Bitcoin on Cash App vs Other Apps
Of course, experienced cryptocurrency power users may prefer platforms with more advanced functionality over Cash App. But how does it compare to other mainstream competitors for easy transfers? Let’s break it down:
Vs PayPal – Cash App advantages are instant transfers, lower fees, and direct ownership of private BTC keys. PayPal has slight edge in merchant integration for spending crypto. Overall, Cash App better for accumulating, holding and P2P sending of bitcoin.
Vs Robinhood – Cash App lets users withdraw bitcoin into external wallets, unlike Robinhood closed system. Also has lower transfer fees compared to Robinhood when sending between users. Cash App takes win for flexibility and transfer utility.
Vs Venmo – Functionally, Cash App and Venmo now very similar – but only Cash App supports bitcoin! Venmo based around fiat. For crypto fans, distinct advantage to Cash App. Brand recognition a toss up in younger demographics.
Vs Coinbase – Coinbase offers many more overall features, currency options and tools for traders – but higher learning curve. Cash App simplifies sending bitcoin specifically for beginners. So less functions, but easier P2P transfer ability.
As shown above, Cash App competes admirably with rivals when assessing specifically peer-to-peer sending of bitcoin. It stays streamlined and focused providing a smooth onramp for the next wave of mainstream cryptocurrency adopters.
How to Send Bitcoin on Cash App to Another Wallet
Here is a quick guide for sending bitcoin from your Cash App wallet to an external bitcoin wallet:
- Open the Cash App and click on the “Bitcoin” tab at the bottom.
- Tap the “Send” icon in the top-right corner.
- On the “To:” line, paste the bitcoin wallet address you want to send funds to. This should be a long string of letters and numbers.
- Enter the amount in BTC or dollars that you wish to send from your Cash App balance. You can send a portion or all of your entire balance.
- Review the transfer details closely. Double check that the recipient address matches the wallet you want to send funds to.
- Scroll down and confirm you are OK with the network fee displayed for sending the bitcoin. Cash App charges around 1% per transactions, depending on market conditions.
- Tap “Send Now” to complete the transfer process and broadcast the transaction to the Bitcoin network.
That’s the basics! It just takes a few taps, entering the right BTC wallet address, and hitting send. Be 100% sure everything is accurate before confirming transfer, as bitcoin transactions cannot be reversed.
How to Send Bitcoin to Another Cash App User
Sending bitcoin to another Cash App user is very simple. Just follow these steps:
- Open up the Cash App on your mobile device.
- Select the “Bitcoin” tab at the bottom of the screen.
- Tap on the paper airplane icon in the top-right to initiate a transfer.
- Under “To:”, input the Cashtag ($username) or BTC address of the recipient’s Cash App account that you want to send funds to.
- Enter the dollar amount or quantity of bitcoin you wish to send from your balance. You can send part or all of your total BTC.
- Double check that the recipient details match the exact Cash App account you intend to send to. Also review the calculated network fee and make sure you agree to pay it.
- When ready, tap “Send Now” to complete the transfer. The funds will instantly debit from your account and credit to the recipient’s Cash App bitcoin balance.
And that’s all there is to it! Sending bitcoin peer-to-peer on Cash App just requires entering the other user’s Cashtag or BTC address associated with their account. Make absolutely certain the details are right before hitting send – bitcoin transfers can’t be reversed!
How to Check if You Have Bitcoins?
Here are the steps to check if you have bitcoin and your balance in your Cash App account:
- Open up the Cash App application on your mobile device.
- Select the orange “Bitcoin” tab located along the bottom menu bar.
- If the Bitcoin section is visible, then bitcoin deposits and trading are enabled. If not, you will need to tap on your profile, go to Bitcoin settings and enable it first.
- In the Bitcoin section, check the overview screen. If there is a balance, that means you currently have bitcoin funds in your Cash App wallet. A zero balance means you have no bitcoin at the moment.
- To view your precise balance and transaction history, tap the “Your BTC” button on the top-right of the same screen.
- Here you can see your total BTC balance, any recent activity such as incoming or outgoing transfers, and a full history of transactions made on your Cash App bitcoin address.
Checking your balance and transactions on the Bitcoin tab is the easiest way to see if and how much BTC you have stored in your linked Cash App account.
Does Cash App Support the Bitcoin Lightning Network?
No, as of 2024 Cash App does not currently support the Bitcoin Lightning Network. Here are some key details:
- The Lightning Network is a Layer 2 scaling solution built on top of the base Bitcoin blockchain to enable faster payments and lower fees. It operates by opening payment channels between users.
- Cash App sends standard on-chain bitcoin transactions using the original Bitcoin protocol only. This means transfers go directly to the blockchain to be validated – instead of using the Lightning channel network.
- While on-chain BTC transactions usually confirm instantly between Cash App users, fees tend to be slightly higher compared to Lightning transfers.
- Lightning payments have almost instant finality and minuscule network fees due to their off-chain nature. But user adoption is still growing.
- Cash App focuses on simplicity and may eventually integrate Lightning tech in the future if it reaches mainstream usage. But there has been no formal announcement regarding plans to support Lightning yet as of early 2024.
Cash App currently performs all Bitcoin transfers on the original chain. It does not support the faster/cheaper Lightning Network used by some other advanced BTC wallets. But check for updates, as new features are frequently added to Cash App.
Can you Send Bitcoin from Cash App to Coinbase?
Yes, you can easily send bitcoin from your Cash App wallet directly to a Coinbase account. Here is the process:
- First, login to your Coinbase account online or mobile app. Navigate to your BTC wallet.
- Tap the “Receive” button in Coinbase. This will generate a unique bitcoin address tied to your Coinbase account. Copy this address.
- Now open up Cash App and go to the Bitcoin tab. Tap “Send”.
- On the “To:” line in Cash App, paste the bitcoin address you just copied from Coinbase.
- Enter the amount in BTC or dollars you wish to transfer from Cash App to Coinbase.
- Verify the details carefully, then hit “Send Now” to complete the transfer process.
It usually only takes around 10-30 minutes for bitcoin sent from Cash App to post in your Coinbase account, sometimes faster. The on-chain transfer fee will be shown before sending.
So yes, you can seamlessly send bitcoin back and forth between Cash App and Coinbase using the steps above.
Can I Send Bitcoin from Cash App to Binance?
Yes, you can definitely send bitcoin from your Cash App wallet to Binance. Here is a quick step-by-step guide:
- First, log into your Binance account and open your BTC wallet.
- Find and copy your Binance BTC deposit address. This is a long string of letters and numbers.
- Now open up the Cash App mobile app and go to your Bitcoin tab.
- Tap the paper airplane “Send” icon.
- On the To: line, paste the Binance BTC address you copied in step 2.
- Enter the amount in BTC you wish to transfer from Cash App to Binance.
- Verify all the details carefully before confirming the withdrawal.
- Hit “Send Now”. This will initate the transfer from your Cash App bitcoin wallet directly into your Binance account.
That’s it! Just make absolutely sure the Binance BTC address is pasted accurately to avoid any issues. Transfers usually complete within 30-60 minutes. Let me know if you have any other questions sending BTC from Cash App to Binance!
Are There Fees When Sending Bitcoin on Cash App?
Yes, Cash App does charge a small network fee when sending bitcoin to an external wallet or to another Cash App user. Here are some key details on Cash App’s bitcoin transfer fees:
- The fee amount depends on current blockchain mining fees and overall Bitcoin network demand. Rates fluctuate regularly.
- Typical Cash App BTC sending fees are between 1% – 2% of the total transaction value.
- So for example, on a $100 bitcoin send, the fee may be $1 – $2. For a $500 transaction, the fee might be $5 – $10.
- Fees are always clearly displayed before you confirm and send a bitcoin payment within Cash App.
- Sometimes Cash App runs promotions to incentivize usage that discount or waive sending fees for a period.
So in summary – unlike receiving bitcoin which is free, yes Cash App charges variable network fees to send BTC out from your wallet, usually 1-2% of transaction size. This pays miners and covers costs imposed by the external Bitcoin network.
The specific send fee rate depends on market conditions but is clearly shown before you finalize transfers.
How do I Get a Bitcoin Address on Cash App?
It’s very easy to find your bitcoin address on Cash App. Just follow these steps:
- Open up the Cash App app on your phone.
- Tap on the Bitcoin tab located along the bottom menu.
- From within the Bitcoin screen, tap on the “Bitcoin Address” button near the top right.
- This will open your account’s unique BTC receive address. It will be a long string of letters and numbers.
- You can tap the address to automatically copy it, or tap the share icon to send it external via email, texts, etc.
- Other bitcoin wallets and services can send funds to this address to directly deposit bitcoin into your Cash App BTC wallet.
Navigate to the Bitcoin tab in Cash App and your bitcoin address can be easily accessed. This address tied to your account stays the same, and can be shared to receive bitcoin from any external source.
Let me know if you need any help finding or using your Cash App bitcoin address!
How do I Send Bitcoin to Someone?
Sending bitcoin to someone is very easy – just follow these simple steps:
- Open up the Cash App application and select the “Bitcoin” tab at the bottom.
- Tap the paper airplane “Send” icon in the top-right corner.
- On the “To:” line, you can enter either the recipient’s Cash App $cashtag or external bitcoin wallet address.
- Enter the amount of bitcoin you wish to send, either in BTC amount or dollar equivalent.
- Carefully review all the transaction details to ensure accuracy. Make sure the recipient details match who you intend to send funds to.
- Scroll down and check the calculated network fee. Tap “Send Now” when you are ready.
- Confirm everything is correct on the last check screen, then complete the transfer!
Remember, bitcoin transactions cannot be reversed. So it’s very important to triple check that the recipient bitcoin address is precisely correct before hitting send.
If the recipient doesn’t have a bitcoin wallet yet, you can send them a link or guide to help them sign up. Let me know if you have any other questions about sending BTC to someone!
Why Won’t Cash App Let Me Send Bitcoins?
There are a few possible reasons why Cash App may not be letting you send bitcoins:
- Account Verification Level – Cash App requires user verification for full bitcoin sending/receiving functionality. Make sure you have completed identity verification steps in the app and been approved.
- Sending Limits – Cash App places weekly sending limits on lower-tier accounts as a fraud prevention measure. You may need to wait until these reset. Upgrading to higher verification levels increases limits.
- Insufficient Balance – Obviously you can only send bitcoin if there’s enough in your wallet balance to cover the transaction amount plus sending fees. Top up your BTC if needed.
- Temporary Transfer Block – Sometimes Cash App will temporarily trigger risk-prevention holds that block bitcoin transfers for a period while they monitor for suspicious activity. Contact support.
- Recipient Address Issues – Make sure the recipient bitcoin wallet address or $cashtag you’ve entered is 100% valid. Invalid details will cause sends to fail.
I recommend checking the possible issues above that may be stopping Cash App bitcoin sends. Reach out to Cash App support if problems persist.
The Future of Bitcoin on Cash App
After gaining traction with younger generations and those new to crypto, what does the future hold for Bitcoin on Cash App? How will the app continue evolving?
More supported currencies – Cash App only supports Bitcoin now in 2024, but may integrate future top coins like Ethereum down the road. This would expand flexibility in assets held and transferred.
Staking rewards integration – For assets held long term, users may benefit from direct staking of coins using future web 3.0 protocols. This would allow stacking yield passively on stored bitcoin.
Enhanced merchant transactions – Cash App already allows pulling USD into debit cards to spend using existing infrastructure. Eventually may allow direct spending of bitcoin and crypto using payment processors.
Global expansion – Currently available in US & UK, Cash App will invariably continue expanding into new geographical markets across the world – boosted by large corporate parent Square.
Even in just the first few years after launch, innovative features like Auto-Invest and fractional stock trading make Cash App competitive in a crowded fintech market. This willingness to develop and iterate makes long term Bitcoin potential very promising.
It’s impossible to predict exactly – but expect Cash App to continue finding ways to make bitcoin more useful as adoption grows worldwide. The ease of use for transfers provides ideal onboarding, while added functionality can power user growth over time.
Conclusion
That sums up this complete 2024 guide on using Cash App to send bitcoin for beginners!
We covered how to enable bitcoin wallets, key steps for transferring funds, common beginner questions, pros/cons, and what the future may hold.
As you can see, Cash App offers a uniquely streamlined way for both sending and receiving bitcoin. Its simplicity abstracts much of the technical cryptography away from beginners. This helps onboard the next hundreds of millions of users into decentralized money systems powered by Bitcoin.
With no-fee receiving, cheap transfers, and instant transaction capability, Cash App provides compelling utility even for experienced cryptocurrency users for daily peer-to-peer bitcoin payments.
So whether getting started out fresh or adding new tools to your portfolio, be sure to utilize the walkthrough above to get set up with bitcoin sending on Cash App today!