Cashing out your Bitcoin thru Cash App is a straightforward process that allows you to convert your cryptocurrency holdings into cash. To get started, ensure you have linked a bank account to your Cash App account. Once that’s set up, follow these steps:
- Open Cash App: Launch the app on your device.
- Select Bitcoin: Tap on the Bitcoin tab from the home screen.
- Sell Bitcoin: Enter the amount of Bitcoin you wish to cash out, then choose the sell option.
- Confirm Transaction: Review and confirm the transaction details before proceeding.
Once your Bitcoin is sold, the funds will be deposited in your Cash App account, giving you the flexibility to transfer them to your linked bank account. The entire process is usually quick but can vary slightly based on network congestion. Here’s a simple overview of fees you might encounter:
| Transaction Type | Typical Fee |
|---|---|
| Bitcoin Purchase | Varies based on market conditions |
| Bitcoin Sale | 1.75% of the transaction amount |
