There is no doubt that Square Cash App as a payment tool has simplified the money transfers services. The best thing about Square app is that it is constantly growing and revolutionizing the process of selling & buying many financial assets like Bitcoin & Stocks. Many of us already know that we all can sell, buy, & store Bitcoin & Stocks on cashapp. But, time & again a question which many of my readers ask to me- Can you transfer Bitcoin from Cash App to Coinbase or to any other wallet? How to send BTC from Cash App to Coinbase wallet? At some point in the time, if these questions resonate in your mind, it's time to find the answer.
Right here in this blog, I am going to explain the simple steps to withdraw your Bitcoin from Square Cash App to Coinbase. But, before that first you must know how to enable Bitcoin withdrawal on Cash App. Why? Because without going through the Cash App Bitcoin withdrawal verification process you can't transfer BTC from cashapp to any other BTC wallet. So, let's start with understanding the meaning of Bitcoin withdrawal verification on Cash App?
What is Bitcoin withdrawal on Cash App?
As you know that Cryptocurrency has been a controversial mode of payment since its inception. However, it is valid in the USA and in many other countries in the world but, still, due to its anonymous & irregular nature, its use & purpose holds plenty of doubts. That's why in an attempt to keep cashapp clean & indisputable as a platform for Bitcoin, Square Cash App has made mandatory to go through BTC verification for each & every user. In this verification, user need to scan & share his/her valid photo id proof, face & SSN. Upon successful verification, users can send BTC from Cashapp to any other wallet. Also, you can increase your Cash App spending limit.
How to enable Bitcoin withdrawal on Cash App?
This is a one-time verification and quite simple to do. If you have BTC in your cashapp wallet, you are just a one-step away from being able to send Bitcoin from your Square payment wallet. These are steps to follow:
How to withdraw Bitcoin from Cash App to Coinbase?
Once your BTC withdrawal request is approved, then in just a few simple steps you can transfer your BTC from Cash App to Coinbase. Find below the simple steps to follow:
Can I receive Bitcoin on Cash App from Coinbase or any other application?
Sorry to say, but the fact of the matter is that receiving Bitcoin from Coinbase or any other application to Cash App is not possible as of now by July 2020. Why? Because Cash App doesn't create its wallet address. But, in future it may be possible to receive BTC on Cash App.
So far we have discussed how to transfer Bitcoin from Cash App to Coinbase or any other wallet. We have also discussed how to enable the Bitcoin Withdrawal on Cashapp. Also, be informed that with the help of the same step by step process, you can transfer your Bitcoins to Robinhood, Binance or any other BTC wallet. Let us know if you need an answer to any question in the comment section.