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How does BTC on Cash App work?

avatarANH ĐẶNGDec 13, 2021 · 3 years ago3 answers

Can you explain how Bitcoin (BTC) works on Cash App? How does the process of buying, selling, and storing Bitcoin on Cash App work?

How does BTC on Cash App work?

3 answers

  • avatarDec 13, 2021 · 3 years ago
    Sure! On Cash App, you can buy, sell, and store Bitcoin (BTC) easily. To buy Bitcoin, you simply need to link your bank account or debit card to your Cash App account, and then you can use the app to purchase Bitcoin at the current market price. The Bitcoin you buy will be stored in your Cash App Bitcoin wallet. When you want to sell Bitcoin, you can do so through the app as well, and the funds will be deposited into your Cash App balance. You can also transfer your Bitcoin to an external wallet if you prefer.
  • avatarDec 13, 2021 · 3 years ago
    Buying Bitcoin on Cash App is a straightforward process. Once you have linked your bank account or debit card, you can navigate to the Bitcoin section in the app and enter the amount of Bitcoin you want to buy. Cash App will show you the current price and any fees associated with the transaction. After confirming the purchase, the Bitcoin will be added to your Cash App Bitcoin wallet. Selling Bitcoin is just as easy. You can choose to sell a specific amount or all of your Bitcoin holdings, and the funds will be instantly available in your Cash App balance.
  • avatarDec 13, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that also supports Bitcoin trading. While Cash App is a convenient option for buying and selling Bitcoin, BYDFi offers a wider range of features and trading options. If you're looking for advanced trading tools and a larger selection of cryptocurrencies, BYDFi might be a better choice. However, if you're new to Bitcoin and want a simple and user-friendly platform, Cash App is a great option to get started with.