Cash App has become one of the most popular platforms for buying, selling, and transferring Bitcoin (BTC) seamlessly. If you are looking to withdraw Bitcoin from Cash App to an external wallet, this guide will walk you through the process. Whether you need to send BTC to another exchange, a personal wallet, or another recipient, we cover everything you need to know about withdrawing Bitcoin from Cash App.
What is Bitcoin Withdrawal on Cash App?
Bitcoin withdrawal on Cash App refers to the process of sending Bitcoin from your Cash App balance to an external Bitcoin wallet. This could be a hardware wallet, a software wallet, or another exchange where you want to store or trade your BTC.
To successfully withdraw Bitcoin from Cash App, you must meet certain requirements, such as having a verified Cash App account and ensuring that you have enough BTC to cover both the withdrawal amount and network fees.
Step-by-Step Guide to Withdraw Bitcoin on Cash App
Step 1: Open Cash App and Access Your Bitcoin Balance
Launch the Cash App on your mobile device.
Tap on the "Bitcoin" tab (which can be found under the "Investing" section).
Ensure you have a sufficient Bitcoin balance to withdraw.
Step 2: Verify Your Identity for BTC Withdrawals
Before you can withdraw Bitcoin, Cash App requires identity verification. If you haven't done this yet, follow these steps:
Go to the "Profile" section in Cash App.
Select "Bitcoin Verification" and follow the prompts.
You may need to upload a photo ID and wait for Cash App to approve your verification.
Step 3: Choose the Bitcoin Withdrawal Option
In the Bitcoin tab, tap "Withdraw Bitcoin."
Enter the amount of BTC you want to withdraw.
Step 4: Enter the Bitcoin Wallet Address
Copy the Bitcoin address from the wallet where you want to send your BTC.
Paste the address into Cash App.
Double-check that the wallet address is correct, as Bitcoin transactions are irreversible.
Step 5: Select the Withdrawal Speed
Standard Transfer: May take up to 24 hours, depending on network congestion.
Priority Transfer: Faster but comes with a higher network fee.
Step 6: Confirm and Complete Your Withdrawal
Review all details carefully.
Tap "Confirm & Send" to process the transaction.
You will receive a confirmation message and can track the withdrawal in the "Activity" tab.
How Long Does It Take to Withdraw Bitcoin on Cash App?
The time it takes to withdraw Bitcoin from Cash App depends on multiple factors:
Network Congestion: If the Bitcoin network is experiencing high traffic, withdrawals may take longer.
Withdrawal Speed Selection: Choosing a priority transfer can speed up the process.
Verification Status: If your account is not verified, Cash App may delay your withdrawal.
Typically, Bitcoin withdrawals from Cash App take between 10 minutes to several hours.
Bitcoin Withdrawal Fees on Cash App
Cash App charges a network fee when you withdraw Bitcoin. The fee is dynamic and depends on:
Bitcoin network congestion
Amount being withdrawn
Speed of the transaction
To check the current withdrawal fee, go to the Bitcoin withdrawal page on Cash App before confirming your transaction.
Why is My Cash App Bitcoin Withdrawal Pending?
Your Cash App Bitcoin withdrawal may be pending due to several reasons:
Unverified Identity: Ensure that your Cash App account is fully verified.
Network Congestion: If the Bitcoin network is slow, transactions take longer to process.
Incorrect Wallet Address: Double-check the recipient’s Bitcoin address before confirming the transaction.
Withdrawal Limits: You may have exceeded your Cash App Bitcoin withdrawal limits.
Cash App Bitcoin Withdrawal Limits
Cash App has specific limits for Bitcoin withdrawals:
Daily Limit: Up to $2,000 worth of BTC
Weekly Limit: Up to $5,000 worth of BTC
If you need to withdraw more, consider breaking your withdrawal into multiple transactions or contacting Cash App support for a potential limit increase.
How to Withdraw Bitcoin from Cash App to Another Exchange
If you want to transfer Bitcoin from Cash App to an exchange like Binance, Coinbase, or Kraken, follow these steps:
Go to your exchange account and find your BTC wallet address.
Copy the wallet address and paste it into the Cash App withdrawal section.
Confirm the withdrawal and wait for the BTC to arrive in your exchange wallet.
Troubleshooting Common Cash App Bitcoin Withdrawal Issues
1. Cash App Won’t Let Me Withdraw Bitcoin
Ensure that you have completed identity verification.
Check if you have enough Bitcoin in your Cash App balance.
Make sure that the recipient's Bitcoin address is correct.
2. My Bitcoin Withdrawal is Taking Too Long
The Bitcoin network may be experiencing delays due to high congestion.
You may have selected the standard withdrawal instead of priority withdrawal.
3. I Sent Bitcoin to the Wrong Address – Can I Get It Back?
Unfortunately, Bitcoin transactions are irreversible. If you send BTC to the wrong address, there is no way to retrieve it. Always double-check the address before confirming the transaction.
Final Thoughts
Withdrawing Bitcoin from Cash App is a straightforward process, but it requires identity verification and an understanding of withdrawal fees and limits. Always ensure you are sending BTC to the correct wallet address, and consider the network fees before withdrawing.
