Your account must be verified before purchasing or selling Bitcoin through the Cash App. This process is quick and free – simply open the app, enter your data (including your Social Security Number (SSN), scan a government ID document or take a selfie). After submitting these documents it can take 24 hours for your Cash App account to become verified.
When you're ready to verify your account, you will be asked several questions to demonstrate your identity and meet Cash App's security standards. All questions must be answered truthfully and accurately – should there be any confusion, please get in touch with customer support for assistance.
If your Cash App bitcoin verification failed, resubmit all required documentation and follow all steps outlined in this blog to retry. If any instructions remain unclear, contact Cash App's customer service team immediately for help.
How to Send Bitcoin on Cash App?
Cash App is a widely-used mobile payment app that enables users to send and receive money with their phones. Its unique platform makes money transfer quick and effortless, offering features like purchasing/selling Bitcoin. This blog post provides advice and strategies for sending bitcoin via this popular mobile payment solution.
- To begin using Cash App's Bitcoin feature, first access and select your profile from its home screen.
- Next, navigate to “Bitcoin”, where it should display how much Bitcoin you currently hold within your Cash App account – this allows you to sell this cryptocurrency in exchange for US dollars.
- When you're ready to sell bitcoins, tap the “Sell” button and enter the amount you want to sell before tapping “Sell.” When your sale has been completed, withdraw funds into your bank account.
How to Increase Cash App Bitcoin Limit?
There are restrictions on how much Cash App wallet users can withdraw in a single day or week; you can withdraw up to $2000 of Bitcoin within 24 hours or up to $5500 over 7 days. If you wish to spend more, increase your Cash App Bitcoin limit accordingly.
To increase Cash App Bitcoin limit, it is necessary to verify both your identity and address by providing government-issued photo identification such as a passport or driver's license; you will also be asked for utility bills or bank statements as evidence of these facts. After providing all the documentation, you should be able to increase it within 24 hours.