How to Send Bitcoin on Cash App in 2024

How to Send Bitcoin on Cash App

Cash App has become one of the most popular ways for people to buy, sell, and send bitcoin and other cryptocurrencies. With over 70 million users, Cash App offers a simple and intuitive interface to securely send and receive bitcoin instantly.

In 2024, sending bitcoin on Cash App is easier than ever. Cash App has streamlined the sending process so you can get set up to send and receive bitcoin payments with just a few taps on your mobile device. This guide will walk you through everything you need to know in 2024 to send bitcoin to anyone using Cash App.

Getting Set Up With Cash App

Before you can send bitcoin through Cash App, you need to first ensure you have an account set up. Here are the steps to get a Cash App account ready to send and receive bitcoin:

  1. Download the Cash App mobile app on your Apple iOS or Android device. Cash App can be downloaded free from the App Store or Google Play Store.
  2. Create an account and provide your personal information when prompted. This allows Cash App to verify your identity.
  3. Once your account is created, you can link your bank account or debit card. This will allow you to fund your Cash App balance and buy bitcoin.
  4. For added security, you can enable two-factor authentication in your account settings. This requires you to enter a special code from your mobile device whenever you log into Cash App.

Now that your Cash App account is good to go, you can move into setting up bitcoin sending and receiving capabilities.

Buying Bitcoin on Cash App

In order to send bitcoin to others through Cash App, you first need to purchase bitcoin and have it available in your Cash App wallet. Here’s how simple Cash App makes it to buy bitcoin in 2024:

  1. From your Cash App home screen, scroll down until you see a section called “Bitcoin” with a BTC logo on the left.
  2. Tap on the Bitcoin tab and this will open a page that allows you to buy bitcoin directly from Cash App.
  3. Enter the amount in dollars you would like to purchase, and the equivalent amount of bitcoin based on current BTC market value will appear.
  4. Confirm the order details and complete the purchase.

And just like that, you’ll now have bitcoin in your Cash App wallet ready to send out to friends, family or businesses accepting bitcoin payments.

How To Send Bitcoin on Cash App in 2024

Once you have a bitcoin balance in your Cash App wallet, you can begin sending it instantly to anyone else also using Cash App. Follow these steps to send bitcoin:

  1. Tap the “Banking” tab on your Cash App home screen.
  2. Select the “Bitcoin” tab at the top of the screen.
  3. At the top of the Bitcoin screen, tap on your current sats balance. This will allow you to send or withdraw your bitcoin.
  4. To send, tap “Send” and enter the $ amount of bitcoin you would like to send or the quantity of sats. One sat is the smallest denomination of bitcoin recorded on the blockchain.
  5. Type in the Cash handle or phone number of the person you want to send bitcoin to. Or if they are in your contacts list, simply tap their name.
  6. Add an optional memo if you want to send a note to remind the receiver what the payment is for.
  7. Verify all the details then swipe to confirm and send your bitcoin.

It’s incredibly easy to send bitcoin in seconds through Cash App as long as you have a funded bitcoin balance. The recipient will be notified of the incoming bitcoin payment through a Cash App notification.

Cash App Bitcoin Transaction Fees and Limits

Now that you know how to send bitcoin through Cash App, it’s helpful to be aware of the fees and limits involved when making a transfer. Here is key information to understand about bitcoin transactions on Cash App:

  • Transaction Fees – Cash App does not charge any fees themselves when sending bitcoin. However, standard bitcoin network fees apply based on blockchain load. These are usually between approximately $0.30 to $1.00 per transaction.
  • Transfer Limits – You can send unlimited amounts of bitcoin to other Cash App users. However, external transfers off the Cash App platform are limited to $2,000 worth of bitcoin every 24 hours and $5,000 in any 7 day period.
  • Instant Settlement – Bitcoin transfers on Cash App are near instant between users. Typical external bitcoin transfers can take 10-30+ minutes for blockchain confirmations. Cash App prioritizes fast transaction speeds within its ecosystem.

So when sending bitcoin to family, friends or acquaintances also using Cash App, you get the benefit of no transaction fees and instant settlement. Just be aware of weekly external transfer limits.

User-Friendly Bitcoin Tracking on Cash App

One of the most useful features within Cash App is the intuitive interface to track all your bitcoin transactions, gains/losses and total portfolio value.

Whenever you send or receive bitcoin, it will appear as a transaction in your activity feed with details on the amount sent or received and from which external wallet or Cash App user.

Your total bitcoin balance is also clearly displayed, and you can tap into it to view your current USD value, 24 hour price change percentage, weekly and all-time gains/losses on your holdings. This makes it easy to monitor your bitcoin investments over time.

How to Send Bitcoin on Cash App to Another Wallet

Here is how to withdraw and send bitcoin from your Cash App wallet to another bitcoin wallet address or external crypto exchange account:

  1. Open Cash App and tap on the “Banking” tab at the bottom of the screen.
  2. Scroll to and select “Bitcoin” from the top to open your BTC wallet inside Cash App.
  3. Tap on the bitcoin balance shown at the top of the screen. This will open up the Send/Withdraw BTC options.
  4. Select “Withdraw Bitcoin” from the menu.
  5. An option will appear to enter the amount of bitcoin you wish to withdraw, along with a field to input the wallet address you are sending the bitcoin to.
  6. In a separate wallet, exchange account or other external bitcoin service, copy the BTC receive address or scan any wallet QR codes.
  7. Go back to Cash App’s bitcoin withdrawal screen and paste the wallet address into the “To Address” field. Triple check it matches exactly.
  8. Enter the amount in dollars or bitcoin amount (sats) to withdraw and send out through Cash App.
  9. Carefully review all the presented details to confirm the information is accurate before submitting.
  10. Confirm the bitcoin withdrawal request and wait for the transfer to process through the Bitcoin blockchain network, usually 10-30 minutes.

Once the recipient wallet processes and confirms the transaction, your bitcoin balance will show as withdrawn from Cash App and received in the destination wallet address you specified. Be sure to triple verify addresses to avoid any mishaps!

How to Send Bitcoin to Another Cash App User

Sending bitcoin to another Cash App user is fast, easy, and free. Here are step-by-step instructions for transferring bitcoin directly to someone else using Cash App:

  1. Open up your Cash App on your mobile device and swipe left to go to the “Investing” tab.
  2. Tap on “Bitcoin” at the top of the page.
  3. Next to your current bitcoin balance, tap the send icon (usually a paper airplane icon).
  4. Tap “Pay Someone” to send funds to an existing Cash App contact or input a $cashtag or phone number for someone new. You can also scan their Cash App QR code to instantly pull their details.
  5. Enter the dollar amount or quantity of bitcoin you wish to transfer to the other Cash App user. One satoshi (SAT) equals 0.00000001 bitcoin for reference.
  6. Add an optional memo note reminding the recipient what the bitcoin payment is for.
  7. Double check that all the transaction details look accurate, including the recipient name/username and amount of bitcoin being sent.
  8. Swipe to confirm the transfer and wait for the bitcoin to instantaneously shift from your wallet to theirs.

That’s all there is to it! Within seconds, the bitcoin should be removed from your balance and appear in the recipient’s Cash App bitcoin wallet, ready to spend or withdraw. It’s the fastest way to send BTC peer-to-peer!

Can I Send Bitcoin from Cash App to Binance

Yes, it is possible to send bitcoin from your Cash App wallet to Binance. Here are step-by-step instructions on how to withdraw bitcoin from Cash App into Binance:

  1. Open the Cash App mobile app and tap on the “Banking” tab at the bottom.
  2. Select “Bitcoin” at the top of the screen.
  3. Tap on your current bitcoin balance shown at the top of the Bitcoin screen.
  4. A menu will appear. Select “Withdraw Bitcoin.”
  5. On the Withdraw Bitcoin screen, enter the amount in USD or bitcoin you wish to withdraw from Cash App.
  6. Tap on “To Address” and a field will appear to enter the destination bitcoin wallet address.
  7. Open your Binance account and go to your Bitcoin wallet. Copy your BTC deposit address.
  8. Go back to the Cash App withdrawal screen and paste your Binance BTC address into the “To Address” field.
  9. Triple check that the address matches the one from your Binance account to avoid sending funds to the wrong place.
  10. Enter the optional memo note if desired and tap on “Continue.”
  11. Carefully review all withdrawal details before confirming the transfer.

Once confirmed, your bitcoin will be sent from your Cash App wallet directly into your Binance account. Just make sure both apps are using the same bitcoin network for the transfer.

The transaction may take 10-30 minutes to receive the required blockchain confirmations before the bitcoin balance updates in your Binance wallet. Then you’ll be ready to trade!

Can you Send Bitcoin from Cash App to Coinbase

Yes, you can easily send bitcoin from your Cash App wallet directly to your Coinbase account. Here is the process for withdrawing bitcoin out of Cash App into a Coinbase account:

  1. Open up the Cash App mobile app and tap the “Banking” icon at the bottom.
  2. Select “Bitcoin” at top to open your BTC wallet.
  3. Tap on your current bitcoin balance shown at the top of screen.
  4. Select the “Withdraw Bitcoin” link from the menu.
  5. Input the dollar amount or quantity of bitcoin you wish to withdraw from Cash App.
  6. Select the option to enter a “To Address” and paste in your BTC wallet address from Coinbase.
  7. To find your Coinbase BTC address, login to Coinbase and tap Accounts > Select “BTC Wallet” > Tap “Receive” at top > Copy Address.
  8. Go back to Cash App withdrawal screen and paste the Coinbase address into the “To Address” field.
  9. Triple check the address matches exactly before confirming withdrawal.
  10. Review details and complete the transfer.

The bitcoin will now be sent from your Cash App account directly into your Coinbase BTC wallet. The transfer times will depend on the bitcoin network, but expect 10-30 minutes for balances to update.

Are There Fees When Sending Bitcoin on Cash App?

There are no fees charged by Cash App for sending bitcoin between Cash App users. However, there are blockchain network fees that apply anytime bitcoin is sent, whether from the Cash App platform or an external crypto wallet.

Here are some key details on Cash App’s bitcoin sending fees:

  • Sending bitcoin from one Cash App user to another Cash App user is completely free. Cash App covers the network fees on their side.
  • When you withdraw bitcoin from Cash App to an external bitcoin wallet address, you’ll pay a network fee averaging between $0.30 to $1.00. This fee goes to bitcoin miners for processing the transactions.
  • Cash App does not charge additional withdrawal fees or add any other markup on the network fee for external transfers. You just pay the live market rate.
  • The network fee attached to each bitcoin transfer/withdrawal is shown clearly before you confirm the transaction out of the Cash App platform. There are no hidden fees.

Sending bitcoin between Cash App users is totally free. And external bitcoin withdrawals come solely with a standard live market network fee that’s clearly disclosed before completing each transfer. This keeps bitcoin sending on Cash App straightforward and affordable.

Does Cash App Support the Bitcoin Lightning Network?

No, as of 2024 Cash App does not yet support the Bitcoin Lightning Network for transactions. Cash App currently only enables sending bitcoin through on-chain transactions on the Bitcoin blockchain.

The Lightning Network is an additional layer built on top of the Bitcoin blockchain that enables fast, scalable and low cost payments by transacting bitcoin off-chain. It uses payment channels between parties to facilitate instant bitcoin transfers that are later settled on the underlying blockchain.

While Cash App aims to provide the easiest and most accessible experience for new Bitcoin and cryptocurrency users, Lightning Network capabilities have not yet been added to the popular money transfer app.

For now, bitcoin withdrawals from Cash App will continue incurring standard Bitcoin network fees ranging from $0.30 to $1.00 per transaction. These on-chain transfers take roughly 10-30 minutes to confirm before balances update.

Cash App will integrate Lightning Network functionalities in the future to leverage bitcoin’s speed, scalability and negligible fee capabilities. But there has been no official announcement regarding Lightning from Cash App as of early 2024. Users will have to rely on standard on-chain BTC transfers for the time being.

How Can I Send Bitcoin using Lightning?

Cash App does not currently support sending bitcoin through the Lightning Network. Cash App only enables bitcoin to be sent through regular on-chain transactions on the Bitcoin blockchain.

The Lightning Network is a second-layer payment protocol that operates on top of blockchains to enable faster, cheaper peer-to-peer bitcoin transfers. It utilizes payment channels and bidirectional transactions to significantly improve transaction speeds and reduce fees.

While Lightning offers an exciting advancement for scalable bitcoin payments, Cash App has not yet integrated Lightning Network capabilities into its platform as of early 2024.

This means when you send bitcoin from Cash App, it will incur standard Bitcoin network fees, which average between $0.30 – $1.00 per on-chain transaction. Transfer times also take roughly 10-30 minutes on average before balances update across wallets.

Cash App is focused on providing the most seamless experience for mainstream bitcoin adoption. So hopefully Lightning Network integration is on their roadmap for the near future. But for now, users are limited to traditional on-chain BTC transactions when sending bitcoin from Cash App to external wallets or other Cash App users.

If you are looking to leverage the Lightning Network for transfers, you’ll need to research exchanges or wallets that support Lightning such as Strike, Muun, Phoenix or Breez. But when strictly using Cash App, Lightning is not yet an option as of 2024.

Safety Tips For Managing Bitcoin on Cash App

While Cash App was designed specifically with easy bitcoin buying, selling and transferring in mind, it’s still important to take precautions for managing your bitcoin balance safely.

Follow these tips for maximum security:

  • Enable all security features – This includes setting up two-factor authentication and ensuring your phone numbers and email addresses tied to your Cash App account are accurate and up to date. These act as fail safes for protecting account access.
  • Handle logins carefully – Always access Cash App through the official mobile app and avoid entering account information on other sites to prevent phishing attempts.
  • Store keys offline – For complete security, you can enable the key manager in Cash App settings to store your private keys offline on printed QR codes. This provides protection in case your mobile device is ever lost or hacked.
  • Monitor transactions closely – Log into your Cash App account regularly to confirm all bitcoin send/receive transactions match expected activity. Report discrepancies immediately.

By putting these protections in place and staying vigilant, you can send, receive and invest bitcoin seamlessly using Cash App.

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Common Questions About Sending Bitcoin on Cash App

If you are new to using Cash App for bitcoin or have additional questions about sending cryptocurrency, here are answers to some frequently asked questions:

Is sending bitcoin on Cash App free?

Yes, Cash App does not charge any fees of their own for sending bitcoin between Cash App users. You only pay blockchain network fees averaging $1 or less per transaction.

Can I send bitcoin to any external wallet?

Yes, tap “Withdraw Bitcoin” from your Cash App bitcoin page and enter the external wallet address. Just be aware of the $2,000 daily/$5,000 weekly bitcoin transfer limits off Cash App.

Do transfers happen instantly between Cash App accounts?

Yes! Bitcoin send/receive transactions between Cash App accounts are near instant. External transfers may take 10-30+ minutes based on required blockchain confirmations before balances update.

Is there a limit for how much I can send through Cash App?

You can send unlimited amounts of bitcoin to other Cash App users. But external transfers are limited to $2,000 worth daily and $5,000 weekly as a fraud/loss prevention measure.

Can Cash App trace bitcoin if transferred to the wrong person?

Unfortunately no. Bitcoin transactions are irreversible by design once recorded on the blockchain. So double check all recipient wallet addresses before sending as a precaution.

Is Cash App safe for managing large amounts of bitcoin?

Cash App provides adequate security for handling small-to-moderate bitcoin investments with precautions enabled. But cybersecurity experts recommend a hardware wallet for storing large cryptocurrency balances offline.

Does the bitcoin buyer or seller pay fees on Cash App?

The seller pays any Cash App fees when private parties exchange bitcoin for cash balances. But for new bitcoin purchases via linked bank or cards, standard network fees apply.

Wrapping Up – Get Started Sending Bitcoin

As you can see, Cash App makes sending, receiving and investing in bitcoin simple and accessible for millions worldwide. By following this guide, you can confidently use Cash App to securely transfer bitcoin to friends and family in 2024.

Remember, be sure that all recipient bitcoin wallet addresses are correct before sending to avoid irreversible transfers. Enable all available security settings as a precaution. And monitor your ongoing transactions and bitcoin balance from the intuitive tracking interface within Cash App.

So what are you waiting for? Download Cash App for free and open up your account today to tap into bitcoin and the future of digital payments!