Transferring bitcoin to your bank account via Cash App is a straightforward process that combines simplicity with security. To get started, you’ll first need to ensure that your Cash App account is verified and linked to your bank account.Once that’s done,follow these steps:
- Sell Your Bitcoin: open teh Cash App and navigate to the Bitcoin tab,then select “Sell.” Input the amount you want to sell and confirm the transaction.
- Transfer to Bank: After the sale is complete, navigate to the “Cash Out” option. Select how much you wish to transfer to your bank account.
- Confirm the Transfer: Review the details and confirm the withdrawal. Your funds shoudl arrive within several business days.
its crucial to remember that transaction fees may apply when selling your Bitcoin through Cash App. The fee structure can vary, so being informed about these costs will help you plan your transfers better. Here’s a brief overview of potential fees:
| Transaction Type | Estimated Fee |
|---|---|
| Buying Bitcoin | 1.76% |
| Selling Bitcoin | 1.76% |
| Cash Withdrawal | Standard Bank Fees apply |
