There is no question that Square Cash App, as a payment instrument, has simplified money transfer services. The nicest part about the Square app is that it is constantly growing and changing the process of selling and purchasing many financial assets such as Bitcoin and stocks. Many of us are already aware that we can sell, buy, and store Bitcoin and stocks on cashapp. But, time and again, a question that many of my readers ask me is, “Can you move Bitcoin from Cash App to Coinbase or any other wallet?” How can I send BTC from the Cash App to my Coinbase wallet? If these questions resonate in your mind at any point in time, it’s time to discover an answer.
I’ll walk you through the simple process of withdrawing your Bitcoin from Square Cash App to Coinbase right here on this blog. But first, you must understand how to allow Bitcoin withdrawal in the Cash App. Why? Because you can’t move BTC from Cash App to another BTC wallet unless you go through the Cash App Bitcoin withdrawal verification process. So, let’s start with analyzing the meaning of Bitcoin withdrawal verification on Cash App.
Since its conception, cryptocurrency has been a contentious form of payment. Although it is legitimate in the United States and many other nations across the world, its usage and purpose are clouded with its anonymous and irregular. As a result, in order to keep cashapp clean and indisputable as a Bitcoin platform, Square Cash App has made BTC verification essential for all users. In order to complete this verification, the user must scan and provide his/her legitimate picture id evidence, face, and SSN. Users can send BTC from Cashapp to any other wallet after successfully verifying their account. You can also raise your Cash App spending limit.
This is a one-time verification that is fairly straightforward to do. If you have BTC in your cashapp wallet, you are just one step away from being able to transmit Bitcoin from your Square payment wallet. Follow these steps:
Regrettably, sending Bitcoin via Coinbase or any other application to Cash App is not currently feasible before July 2020. Why? Because Cash App does not generate its own wallet address. However, in the future, it may be able to receive BTC using the Cash App.
So far, we’ve talked about how to move Bitcoin from Cash App to Coinbase or another wallet. We also spoke about how to allow Bitcoin withdrawals in Cashapp. You should also know that you may move your Bitcoins to Robinhood, Binance, or any other BTC wallet using the same step-by-step procedure. In the comments area, please let us know if you have any questions.
FOR MORE INFORMATIONS: CLICK HERE