Square Cash App Bitcoin

Using Cash App For Bitcoin

Square’s Cash app lets you instantly buy, sell, store, withdraw, and deposit Bitcoin. Thus, Square’s Cash app doubles as a simple Bitcoin exchange and custodial wallet.

  • To buy or sell Bitcoin using Cash App, go to the investing portion of the app, click on Bitcoin, and then hit the buy or sell button. Easy.
  • To send or receive Bitcoin using Cash App, enable withdrawals and deposits in your settings, and then use the withdraw button to send and deposit button to get a receiving address that Bitcoin can be sent to. Not as easy, but certainly doable.

Signing Up for Cash App: To use Cash App just download the app to your phone. You can use the following referral link for quick access to the Android and Apple Cash App links https://cash.app/app/JRJTNNK.

TIP: Right now Cash App only deals with Bitcoin. If you want more variety, check out Coinbase or other exchanges.

Sending and Receiving (Depositing and Withdrawing) Bitcoin With Cash App

The one note here is that Cash App users may find the process of sending and receiving (i.e. withdrawing and depositing) a little odd.

There is no “pay” button for Bitcoin in Cash App. To “send” or “receive” Bitcoin to another Bitcoin wallet, either on Cash App or outside of it, you have to go through the process of “withdrawing” or “depositing.”

This means to send Bitcoin to another person using Cash App you need to “Enable Bitcoin Withdrawal and Deposits” and go through the verification process first, and to send Bitcoin to another Cash App account you need to both enable withdrawals and deposits and both go through the verification process first.

Anyway, assuming you both have withdrawals and deposits enabled, simply hit the “Withdraw Bitcoin” to send Bitcoin to the recipient’s Bitcoin wallet address (they can find this address on their Cash App by going to the “Deposit Bitcoin” screen).

This process is essentially the same for sending your Bitcoin to an outside wallet, and is essentially the same for receiving Bitcoin as well. The important part is the deposit button is for receiving and the withdraw button is for sending.

With that covered, make sure to copy and paste the Bitcoin address you are sending to or to scan the QR code to ensure the address is right! Typing Bitcoin addresses by hand is never advisable!

One last note here, while buying and selling is instant, Bitcoin withdrawals or deposits to be confirmed on the blockchain which can take 30 minutes or more.

So using Bitcoin for payments is doable, but it takes a few extra steps, especially for payments between Cash App users.

With that noted, all traditional Bitcoin wallets require you to withdraw and deposit to transact and are subject to transactions being confirmed on the blockchain, so it is nothing atypical for Bitcoin users (it just may seem a little foreign at first to Cash App users who are used to quick transactions via a simple pay button).

TIP: If you are confused about sending and receiving Bitcoin (or withdrawing and depositing), then check out this guide on how to send and receive Bitcoin.

Cash App is Arguably the Simplest and Most User-Friendly Place to Buy and Sell Bitcoin

Still, with all of that said, Square’s Cash App is a useful and simple solution for Bitcoin newcomers and mainstays alike due to its ease of use.

It used to be, before Cash App, the simplest way to buy Bitcoin was Coinbase. Coinbase is still an excellent choice for all-in-one crypto service, especially when paired with Coinbase Pro (the Coinbase-run exchange), and especially for those who want more choice and more features.

However, it is likely that Square is today the simplest platform for buying Bitcoin (and a valid, if sometimes a little awkward platform for using it too).

The Cash App is an app that lets you buy and sell Bitcoin instantly in most states, transfer dollars and Bitcoin between peers and businesses who use Square’s Cash App and who have withdrawal and deposit features enabled, store dollars and Bitcoin, pairs with its own debit / credit card, and more.

This means its easier than ever to invest in Bitcoin (either to hold, or to buy and sell relatively quickly; although please note, the Cash App is not for day trading), and there is yet another way for businesses and individuals to accept Bitcoin as payment without taking all the risks that come with traditional crypto platforms and wallets.

Does that mean you don’t need Coinbase anymore? No, not at all. Coinbase is geared toward being an all-in-one custodial wallet, broker, and exchange. If anything, Square’s Cash app is simply a nice compliment to Coinbase, just like Bittrex or Kraken is a nice compliment to those services as well, and just like Robinhood will be a nice compliment when it rolls its crypto services out.

Details and Tips

There are fees: Like with all crypto platforms, there are fees with Cash App. If you want to save on fees, try using a non-custodial wallet like Coinomi for sending / receiving or a more robust platform like Coinbase Pro for buying and selling.

Square Cash App is now a full, albeit limited, custodial wallet: Starting in late June Cash App began allowing withdrawals and deposits for Bitcoin. See: ‎Deposit Bitcoin and ‎Bitcoin Withdrawals.

How to Buy/Sell/Send/Receive Bitcoin With the Cash App: To buy/sell Bitcoin with the Cash App: download the Cash App, input your info and bank account, and then hit the buy button under Bitcoin.  To sell: just hit the sell button under Bitcoin. To withdraw / deposit / send / receive: First, through the verification process to enable Bitcoin withdrawals and deposits. To withdraw or send, hit “Withdraw Bitcoin” to send Bitcoin to another Bitcoin wallet address. To deposit or receive, hit “Deposit Bitcoin” to get the address needed for others to send to you.

Confused? Try HODLing Bitcoin and Sending Cash: If you don’t want to deal with withdrawals and deposits, for example for payments on Cash App or when trying to give Bitcoin as a gift via the Cash App, you can always sell Bitcoin on the Cash App, hit the “pay” button to send cash, and then the recipient can buy Bitcoin on their end. Yes, you pay a little extra in fees, but it also saves transaction costs and a few headaches for new users.


"Square’s Cash App" contains information about the following Cryptocurrencies:

Bitcoin (BTC)

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Anon Moose on

You cannot receive bitcoins to your CashApp

Thomas DeMichele on

Really good catch, thank you. I don’t know why I had that oversight there 🙂

Thomas DeMichele on

You now can receive Bitcoin to your CashApp, but only by enabling deposits and then depositing them.

B golden on

When will you add Litecoin?

Thomas DeMichele on

Hopefully soon. Honestly though, Square is fairly focused on being BTC only at the moment. If you want a simple way to covert dollars to Litecoin, try Coinbase.

Cecil O on

What is the date of this writing? Can bitcoin be sent from external source to your cash app wallet address , Secondly what is the limit of bitcoin that can be stored in your cash app wallet ? I ask in reference to your first statement in this article
” Square’s Cash app lets you instantly buy, sell, store, send, and receive Bitcoin. Thus, Square’s Cash app doubles as a simple Bitcoin exchange and custodial wallet.”

Thomas DeMichele on

I wrote this back when Square first started with Bitcoin, before you were able to send and receive Bitcoin from outside of Square’s closed system. I’ll take another look to make sure the article now reflects the update.

Cecil O on

I was very glad to receive a prompt answer to my question, however I still would like to know what is the maximum Bitcoin amount that can be stored in your cash app wallet ?

Thomas DeMichele on

No, just maximum amount you can send or buy in a week I think (and I assume withdraw and perhaps sell). Have to look at the fine print on all of that, should be on the site. You can find it via the links on the page.

Bob on

You can now

Thomas DeMichele on

Very true, Square has made some great upgrades recently

Stephen p on

I started a bitcoin withdraw 3 hours ago and it doesnt seem to be working

Thomas DeMichele on

Double check your messages and make sure you are approved to withdraw. If it is still taking a long time, they may just have some sort of process that takes time for first time withdrawals.

Anon on

Is it possible to send btc???? I am unable to send it from my cashapp. I can only sell and withdraw. How do I process a payment to someone or send to a coinbase..? I do not see a pay option under the btc tab.

Thomas DeMichele on

You can withdraw and deposit, but you can’t send or receive in a simple way (for example by hitting a pay button)… with that said, since you can withdraw you can send, and since you can deposit and can receive.

I updated the article to make things clearer, but essentially if you need to send you hit withdraw and then withdraw to the address you want to send to (and vice versa, to receive, hit receive and follow the prompts to get the address to receive to). This should work with any wallet address, including with other Cash App users. Although, that said, please read the notes above about both accounts needing to go through the verification process.

What you can also do, in the above situation, is open a Coinbase account, withdraw to Coinbase, and then use Coinbase to send. Or alternatively you can grab another wallet like Coinomi, withdraw to that, and then use that to send.

Abel on

How will I opened an cash app account?

Thomas DeMichele on

Download Cash App and then follow the sign up process in-app is the simplest way to say it. You’ll find Cash App in the app store on android and apple.

Michael Georgewill on

hello,
Am having a problem scanning the back of my Government ID , and its preventing me from enabling my withdraw feature of Bitcoin from Cash App. Is there any other way of verifying my ID. What do you recommend.

Thomas DeMichele on

Any service that requires you to use a photo ID is going to require it full stop. Try a higher quality scanner or camera (or with a camera try better lighting).

Cecil Overstreet on

Can you tell me how much cash I can put on my Cash app visa Card at Wal mart .

Thomas DeMichele on

I have no clue, I would @ square on twitter or call customer service.

Michael on

What exchange does cash app use to set BTC price?

Thomas DeMichele on

Great question, I don’t know the answer to this actually. I would guess the use some control to ensure it is relatively stable, perhaps taking the average price of a few major exchanges.

Cecil O on

They are a multi billion dollar outfit , don’t think for a minute that it isn’t coldly calculated to preserve their wealth and market integrity. They ain’t playing trust me on that . Draper and the other 68% of the silent shareholders of Square Cash ain’t in it to lose $$$$$ it and that is the Gospel on that

Cecil O on

Please replace draper with Jack Dorsey My Bad

David Muturu on

Very very cool And Helpful information.
Wanted to know how to send and received Bitcoin on Cash app. And is doerbl

Thomas DeMichele on

Thanks for asking, it is a key part of what the page is about. The gist is “To send or receive Bitcoin using Cash App, enable withdrawals and deposits in your settings, and then use the withdraw button to send and deposit button to get a receiving address that Bitcoin can be sent to.”

If you need more help, check out https://cryptocurrencyfacts.com/how-to-send-and-receive-cryptocurrency/

JDJius on

This is good information and it did answer some questions. There is something I still don’t understand. I have purchased Bitcoin in my CashApp and I have enabled deposit and withdraw in my CashApp. Now I have a wallet address. I expected to be able to enter the wallet address into a 3rd party such as blockchain.com and ‘see’ my BitCoin, but it doesn’t work. What am I missing?

Thomas DeMichele on

That isn’t how it works. To see information in another wallet you need both the public and private address. With Cash App you don’t control your private key, you only have your public address. If you want to send your BTC to a wallet where you own your keys, you have to send it to that wallet.

To send, withdraw to the public address of another wallet.

Hope that makes sense.

… with all this said, if you don’t understand that part, you might not want to move off a custodial platform and start managing your own keys yet. Custodial platforms make things easy, but they do require you to stay on that platform or withdraw your Bitcoin to another wallet.

JDJius on

That makes since now. Thanks for the advise. I obviously still have a lot to learn.

Thomas DeMichele on

Nothing wrong with that. Honestly though, a custodial platform like Cash App is a perfect platform for someone new to crypto. You own actual Bitcoin, but you only have to worry about using the buy / sell button until you are ready to start using Bitcoin. Then when you do, you only have to learn about how wallets work and how withdrawals / deposits work.

https://cryptocurrencyfacts.com/how-to-send-and-receive-cryptocurrency/

Alice on

How is it possible for them to not have a private key to the wallet is it that they have it and just don’t understand where or what we are asking i have contact support no response no surprise and now i know what everyone meant by cash app customer service sucks.

Thomas DeMichele on

No third party centralized wallets allow access to your private key. This is true for CashApp, Binace, Coinbase, etc. It is the norm, simply move to your own wallet (like a Bitcoin Core wallet) if you want to access your private keys. You can also pick a lighter weight third party option as well. https://bitcoin.org/en/choose-your-wallet

MrHarrilasagna on

To be honest… Cashapp is one of the worst Bitcoin mobile wallets. While most apps like bitpay and coinbase have their own set of issues. The cashapp Bitcoin wallet is an absolute nightmare by comparison. They hold deposited Bitcoin transactions in a pending status constantly. Their customer service has zero knowledge base. It’s just overall the worst Bitcoin mobile wallet experience I’ve had in the past 5 years.

Thomas DeMichele on

Interesting perspective, although on the flip-side of this the ease of access for the average person is almost certainly the highest out of any platform.

Nandish V. Patel on

Is this Cash App bitcoin available in the UK? I have downloaded the App on my mobile but cannot see a bitcoin service on it. Thanks. Keep Smiling 🙂

Thomas DeMichele on

From what I understand Cash App still doesn’t do Bitcoin in the UK. I’m sure they are working on getting that going though! Coinbase is a good solution for the UK from what I understand though.

Gary on

Where do I find transaction detail / confirmation status of bitcoins sent to external wallet?

Thomas DeMichele on

The blockchain. https://www.blockchain.com/explorer

Just put in the Transaction number or the wallet addresses to see the status of the transaction.

Destiny on

Please I want to know the limit of bitcoin I can withdraw in a week. And is it possible for Cashapp to block my Cashapp account from functioning cause I passed or gone above my withdrawal limit

Thomas DeMichele on

I am not 100% on if the withdrawal limit changes person to person, but there are limits on everything aside from sending to your Cash App account (limits on buying, sending BTC out, adding cash, buying BTC, Cashing out, etc). You can find your limits in your Deposits and Transfers settings.

Sammie on

What are the external wallet addresses acceptable by cashapp which doesn’t go against their terms of services. They just rejected a paxful wallet I tried to use to have bitcoin withdrawn to me from a cashapp wallet

Thomas DeMichele on

Hmmm, I am not sure, although Coinbase or the Bitcoin core wallet I would guess are fine.

Alice on

I am having the same issue did it ever get resolved or reversed into your they made me reverse it but its stuck in the block chain.

Adryanna hoffmann on

I can’t seem to verify the back of my State’s ID to enable btc verification
They sent me a link to send in my documents and I haven’t gotten a reply since Sunday

Thomas DeMichele on

Hmmm, I would keep trying customer service.

Chloe on

Why is the verification process taking more than 24 hours and it’s been almost two days now and it’s still not resolved and still writing verification processing…

Heather Marie Tatro on

Hello I want to know when the bitcoin withdrawal limit on cashapp is reset. I mean I tried withdrawing today and won’t let me because says I have reached weekly limit. I want to know if I have to wait till this time next week or have to calculate when I started withdrawing this week to know when I can withdraw again?

Thomas DeMichele on

I am not 100% sure, but would love an update if you find out exactly.

Abel on

Can I use my passport for cashapp bitcoin verification since I lost my ID

Linda on

why when setting up my bitcoin in cash app I cannot scan the back of my ID? it takes the front very easily but I have tried 100 times in different lighting and positions so I am sure to line it up properly and I hold it there for a min or two and nothing!!

Thomas DeMichele on

That is frustrating. I am not sure what to do, but you could try to message support.

Rita Herrera on

Hello I’m trying to locate my wallet in Cash App and I’m not able to do so is that possible to have a wallet in cash app

Thomas DeMichele on

Your Cash App wallet is essentially found in two places. 1. It is your balance under Bitcoin in Cash App, 2. it is accessed via the withdraw and deposit functions as explained on the page. Give the page a quick read to understand the difference.

Roy on

I exceeded my weekly bitcoin deposit limit can I just leave it pending til the 7 days is clear ?

Thomas DeMichele on

I would think so. But I would ping support on this. The way Bitcoin works I would assume they got the Bitcoin and it is in holding.

Alice on

How does a person get there private of the cash app but coin wallet?

Alice on

Private key

Thomas DeMichele on

You can get your public key in the withdrawal / deposit screen. If you want a private key, switch to another wallet where you control your private key first. Almost all centralized or even semi-centralized wallets will not allow users to access their private key.