You can buy and sell Bitcoin right from your Cash App.

Bitcoin is a type of digital currency, that is created, bought and sold electronically. Bitcoin is a part of a currency category known as cryptocurrency, because it uses cryptography techniques to secure transactions. If you are new to Bitcoin or cryptocurrencies, you can more information about Cash App and Bitcoin in our FAQ.

Buy Bitcoin

To make your first Bitcoin purchase, open your Cash App:

  1. Select Cash Card or the dollar amount at the top of your screen to access your Cash App balance.
  2. Swipe left, you’ll see the BTC symbol in the upper right-hand corner.
  3. Select Buy, use the slider to choose the amount you’d like to purchase or swipe up to enter using a keyboard. Tap Buy BTC.
  4. Enter your Cash pin, or use your Touch ID if enabled, and select Confirm.

Before you can purchase Bitcoin through Cash App you’ll need to have cash in your Cash App balance and you may need to enter some additional identification information.

If this is your first time buying Bitcoin through Cash App, you’ll be asked to agree to Square’s Additional Virtual Currency Terms of Service.

Sell Bitcoin

To sell your Bitcoin in Cash App:

  1. Select Cash Card or the dollar amount at the top of your screen to access your Cash App balance.
  2. Swipe left, you’ll see the BTC symbol in the upper right hand corner.
  3. Select Sell and use the slider to choose the amount you’d like to sell or swipe up to enter using a keyboard. Tap Sell BTC.
  4. Enter your Cash pin, or use your Touch ID if enabled, and select Confirm.

How much does buying and selling Bitcoin cost?

While we don’t add an additional percentage or fixed dollar amount onto your sale of Bitcoin, when you buy Bitcoin in the Cash App, the price we sell to or buy from you is calculated from the quoted mid-market price, inclusive of a margin, or spread.

The mid-market price combines the price of Bitcoin currently selling across other major exchanges to give you the average price. A margin is the difference between the current price Bitcoin is being sold at and the current price Bitcoin is being bought at. Like any other financial market, this average price is not necessarily the price you are able to buy or sell at but is the basis for which we calculate our bids and offers to you.

When you buy Bitcoin from Square, the margin may differ from when you sell Bitcoin to Square. The price and margin may also differ from what you see available on other marketplaces.

Sending Bitcoin to an External Wallet

To withdraw your Bitcoin:

  1. From your Cash App, tap the icon in the upper-left.
  2. Scroll to Funds and tap Bitcoin.
  3. If you see Enable Withdrawals, you’ll need to verify your identity by following the prompts in app.
  4. Once you’ve verified your identity, or if you have in the past. Select Transfer Out and tap Confirm.
  5. Either scan the QR code from your external wallet or tap Use Wallet Address at the bottom of your screen to enter the address manually.
  6. Tap Confirm.

Once you’ve processed your withdrawal in your Cash App, your Bitcoin will be sent to your external wallet. Keep in mind, transfers to the blockchain take time to process, and it may be hours before you see a transfer in your external wallet.

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