To begin the process of cashing out your Bitcoin on Cash App, first ensure that you have a verified account. if you haven’t done this yet, open the app and navigate to your account settings to follow the verification prompts. Onc you are verified, locate your Bitcoin balance by tapping on the “Investing” tab, then select ”Bitcoin.” Here, you will see the amount of Bitcoin you currently hold. Before selling, it’s wise to check the current market rate to maximize your returns. Utilize the following steps for a seamless transaction:
- Select ”Sell”: After accessing your Bitcoin balance, tap on the “Sell” button.
- Enter Amount: Specify how much Bitcoin you wish to cash out. You can choose the entire balance or a specific amount.
- Review Transaction: Confirm the details, including the current exchange rate and any fees that may apply.
- Confirm Sale: If everything looks good, proceed to finalize the sale.
- Withdraw Funds: After the sale completes, you can transfer your USD to your bank account. Select “Cash Out” and follow the on-screen instructions.
When considering the withdrawal options, remember that Cash App offers a variety of methods. You can choose between an instant transfer for a small fee or a standard transfer that typically takes one to three business days at no cost. Make sure to check your linked bank account for the transferred funds.It’s essential to note that each method may have different limits, so reviewing these before cashing out will help you plan your transactions better. For your reference, the table below details the key differences between the transfer options:
| Transfer method | Timeframe | Fees |
|---|---|---|
| Instant transfer | Within minutes | 1.5% fee |
| Standard Transfer | 1-3 business days | No fee |
