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How to Buy and Sell Bitcoin (BTC) with Cash App

First you have to download the Cash App from the Android or Apple app store. Download Here

Need To Deposit BTC Into Your Cash App? Click Here!

To Buy Bitcoin (BTC) in Cash App:

1. Open your Cash App, select Cash & BTC or the dollar amount at the top of your screen.

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2. You can swipe left or select the BTC symbol in the upper right-hand corner.

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3. Select Buy, you can use the slider or swipe up to enter the amount you’d like to purchase. Press Buy BTC.

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4. Enter your Cash pin or use your Touch ID for security. Press Confirm.

Note: Before you can purchase Bitcoin (BTC) Cash App will pull money into your balance. They may require you to enter some additional identification information.

 

To Sell Your Bitcoin (BTC) in Cash App:

1. Open your Cash App, select Cash & BTC or the dollar amount at the top of your screen.

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2. You can swipe left or select the BTC symbol in the upper right-hand corner.

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3. Select Sell, you can use the slider or swipe up to enter the amount you’d like to sell. Press Sell BTC.

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4. Enter your Cash pin or use your Touch ID for security. Press Confirm.

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FAQ

How much does buying and selling Bitcoin cost?

Cash App does not charge an additional percentage or fixed dollar amount. They use a price calculated from the quoted mid-market price, inclusive of a margin or speed. The mid-market price is a combined price of BTC across major exchanges to give the user an average price.

Note:  When you buy Bitcoin (BTC) from Cash App, the margin may differ from when you sell Bitcoin (BTC) to Cash App. The price and margin may also be different from other exchanges/marketplace.

 

Can you send Bitcoin (BTC) to an External Wallet?

Yes! To withdraw your Bitcoin to an external wallet follow the steps below:

  • Open your Cash App, Select the profile icon in the upper-left.
  • Scroll to Funds and Select Bitcoin.
  • Before you can withdraw your funds, you will need to verify your Identity.
  • Once you’ve verified your identity, Select “Transfer Out” and Press Confirm.
  • Scan the QR code from your external wallet or select “Use Wallet Address” at the bottom of your screen.
  • Press Confirm.

Note: Once you’ve processed your withdrawal in Cash App, your Bitcoin (BTC) will be sent to your external wallet. Transfering Bitcoin (BTC) can take time, so please allow up to a few hours for the transfer to complete.

 

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Bitcoin

Bitcoin Pullback Wipes $200 Billion Off Cryptocurrency Market

Bitcoin, the largest cryptocurrency, fell over 12% from a day earlier to $32,576, according to Coin Metrics data. It earlier sank to an intraday low of $30,863. Ether, the second-largest cryptocurrency, was down 23% to $1,005. It briefly tumbled below $1,000, hitting an intraday low of $945.

The sell-off in cryptocurrencies comes after a huge rally and perhaps signals some profit-taking from investors. Bitcoin is still up over 300% in the last 12 months and last week hit an all-time high just below $42,000.

“The correction we saw was expected as we believe the BTC price surge recently from under $20,000 to $40,000 in the past four weeks will induce sell pressure,” said Simons Chen, executive director of investment and trading at cryptocurrency financial services firm Babel Finance.

The $40,000 mark could have been a trigger for profit-taking, Chen said.

Bitcoin’s resurgence has been attributed to a number of factors including more buying from large institutional investors.

And it has also been likened to “digital gold,” a potential safe-haven asset and a hedge against inflation. In a recent research note, JPMorgan said bitcoin could hit $146,000 in the long term as it competes with gold as an “alternative” currency. The investment bank’s strategists noted, however, that bitcoin would have to become substantially less volatile to reach this price. Bitcoin is known for wild price swings.

But some bitcoin critics — such as David Rosenberg, economist and strategist at Rosenberg Research — have called bitcoin a bubble.

Long-term bullishness around bitcoin remains however.

Jehan Chu, founder of cryptocurrency-focused venture capital and trading firm Kenetic Capital, said the pullback in bitcoin could be a buying opportunity for new investors.

“This short term correction is both natural and needed, and is a great entry point for long-term investors as we quickly reach $50k this quarter and $100k by year’s end,” Chu told CNBC.

Last week, Social Capital’s Chamath Palihapitiya said bitcoin could go above six digits.

“It’s probably going to $100,000, then $150,000, then $200,000,” Palihapitiya told CNBC’s “Halftime Report.” “In what period? I don’t know. [Maybe] five or 10 years, but it’s going there.”

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Bitcoin

Bitcoin Hits 40k!

Bitcoin has hit an all time high of $40,000.

Are you still holding?

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Bitcoin

BITCOIN PRICE SHOOTS TO $34,000!

Bitcoin’s price just shot to $34,000 despite plunging as low as $30,000 earlier today. The leading cryptocurrency trades for $33,950 as of this article’s writing and is up over 15% in the past 24 hours.

Bitcoin’s latest leg higher comes after a strong drop earlier today, as mentioned earlier.

After peaking at $33,000 in the morning, BTC plunged from $33,000 to $30,000 in the span of two hours.

Bitcoin quickly rebounded as buyers defended the key $30,000 support level. The cryptocurrency has been increasing ever since that bounce and now trades at new all-time highs.

Altcoins are continuing to outperform BTC. Ethereum is up 8.5% in the past 24 hours while most other altcoins have gained only a handful of percent.

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