How to Withdraw Bitcoin from Cash App to Bank Account

Cryptocurrencies, especially Bitcoin, have gained significant popularity in recent years. Cash App, a widely used financial platform, allows users to buy, sell, and store Bitcoin. If you’re looking to withdraw Bitcoin from Cash App to your bank account, this guide will walk you through the process step by step.

Setting Up Your Cash App for Bitcoin Transactions

Before you can withdraw Bitcoin, ensure that your Cash App is properly set up for cryptocurrency transactions. First, download and install Cash App from the App Store or Google Play Store if you haven’t already. Create an account and verify your identity, which includes providing your full name, date of birth, and the last four digits of your Social Security number. Once your identity is verified, navigate to the Bitcoin section by tapping on the Bitcoin symbol on the home screen.

how to withdraw bitcoin from cash app to bank account

To withdraw Bitcoin to your bank account, you need to convert it to cash. Here’s how to sell Bitcoin on Cash App:

Open Cash App and tap the Bitcoin symbol on the home screen.
Select the “Sell” button.
Choose the amount of Bitcoin you want to sell. You can sell a specific amount or all of your Bitcoin holdings.
Confirm the sale by tapping the “Confirm” button. The equivalent cash amount will be credited to your Cash App balance.

Linking Your Bank Account to Cash App

If you haven’t already linked your bank account to Cash App, you need to do this before withdrawing funds. Follow these steps:

Open Cash App and tap the profile icon on the home screen.
Scroll down and select “Linked Banks” or “Add a Bank.”
Enter your bank account details, including the routing and account numbers. You might also have the option to link your account using your bank’s login credentials for faster setup.
Once your bank account is linked, you can proceed with the withdrawal.

Withdrawing Cash to Your Bank Account

Now that you have sold your Bitcoin and linked your bank account, withdrawing funds is straightforward:

Open Cash App and go to your balance by tapping the dollar amount on the home screen.
Select “Cash Out.”
Choose the amount you want to withdraw and select your linked bank account.
Confirm the withdrawal by tapping “Cash Out” again. You can choose the standard deposit speed (1-3 business days) for free or an instant deposit for a small fee.

Following these steps will allow you to smoothly withdraw Bitcoin from Cash App to your bank account. Enjoy the convenience of managing your cryptocurrency and traditional finances all in one place!