How to Withdraw Bitcoin on Cash App in 2024 (2024)

Cash App has emerged as a popular platform for buying, selling, and sending Bitcoin. The app's user-friendly interface and seamless integration with other financial services have made it a favorite among crypto enthusiasts. However, withdrawing Bitcoin from Cash App can be a bit daunting for those unfamiliar with the process.

Prerequisites for Withdrawing Bitcoin from Cash App

Before embarking on the Bitcoin withdrawal journey, it's essential to ensure you meet the following prerequisites:

1. Verification: Verify your Cash App account by providing your name, date of birth, Social Security number, and linking your bank account.
2. Bitcoin Balance: Maintain a minimum Bitcoin balance of 0.00001 BTC, the current withdrawal limit for Standard withdrawal speed.
3. External Wallet: Set up an external Bitcoin wallet to receive the withdrawn funds. Popular options include Exodus, Coinbase Wallet, and Trust Wallet.

Step-by-Step Guide to Withdrawing Bitcoin from Cash App

Step 1: Access Bitcoin Tab

1. Launch the Cash App on your mobile device.
2. On the home screen, tap the "Banking" tab at the bottom.
3. Select "Bitcoin" from the list of options.

Step 2: Initiate Withdrawal

1. Tap the "Withdraw" button.
2. Enter the amount of Bitcoin you want to withdraw. You can toggle between BTC and USD for convenience.
3. Review the withdrawal details, including the estimated fees and network confirmation time.

Step 3: Enter External Wallet Address

Choose the method for entering the external wallet address:

1. QR Code Scan: Tap the QR code scanner icon in the top left corner.
2. Manual Entry: Tap the "Send" button and paste the external wallet address into the provided field.

Step 4: Confirm and Send

1. Double-check the withdrawal details, including the amount, fees, and destination address.
2. Tap the "Confirm & Send" button to initiate the withdrawal.
3. Enter your Cash App PIN or use your fingerprint to authorize the transaction.

Additional Considerations

Withdrawal Speed:

Cash App offers two withdrawal speeds:

1. Standard: Free, but may take 2-4 hours for network confirmation.
2. Priority: Incurrs a fee, but network confirmation typically occurs within 15 minutes.

Network Fees: Bitcoin network fees vary depending on network congestion. Cash App estimates the fee before you initiate the withdrawal.

Withdrawal Limits:

1. Standard Speed: Minimum withdrawal limit of 0.00001 BTC, maximum limit of $10,000 worth of BTC in any 7-day period.
2. Priority Speed: Minimum withdrawal limit of 0.0001 BTC, maximum limit of $10,000 worth of BTC in any 24-hour period.

Security Precautions:

1. Verify External Wallet Address: Carefully review the external wallet address before confirming the withdrawal to prevent sending funds to the wrong destination.
2. Enable Two-Factor Authentication: Strengthen your Cash App account security by enabling two-factor authentication.
3. Avoid Public Wi-Fi: Refrain from accessing Cash App or initiating withdrawals while using public Wi-Fi networks to minimize security risks.

Conclusion

Withdrawing Bitcoin from Cash App is a straightforward process that can be accomplished in a few simple steps. By following the guidelines outlined in this comprehensive guide, you can confidently withdraw your Bitcoin holdings and explore the vast world of cryptocurrency. Remember to prioritize security measures, verify external wallet addresses, and stay informed about network fees and withdrawal limits.