When it comes to cashing out your Bitcoin through Cash App, the process is relatively straightforward. Follow these steps to convert your Bitcoin into fiat currency:
1. Open Cash App
To get started, open the Cash App on your mobile device. If you don’t have the app installed yet, you can download it from the App Store or Google Play Store.
2. Access Your Bitcoin Balance
Once you’re inside the app, locate and tap on your overall account balance. This will bring up a screen displaying your various balances, including your Bitcoin balance.
3. Select Bitcoin Balance
From the list of balances, select your Bitcoin balance. This will allow you to view your Bitcoin holdings and choose to sell them.
4. Initiate the Sale
Tap on the “Sell” option to begin the process of selling your Bitcoin. Cash App provides a straightforward interface to navigate through the selling process.
5. Enter the Amount
Enter the specific amount of Bitcoin that you wish to sell. You can either input the amount in BTC or in your preferred fiat currency equivalent.
6. Review and Confirm Transaction
Before finalizing the sale, it’s essential to review all the details of the transaction. Ensure that the selling amount and currency are correct before proceeding.
7. Proceed with Sale
Once you’ve confirmed all the transaction details, you can proceed with the sale by tapping the “Confirm” button. This action initiates the selling process.
8. Receive Fiat Currency
After completing the sale, the equivalent fiat currency amount will be credited to your Cash App account. You can then choose to cash out or use the funds.
9. Transfer to Bank Account (Optional)
If you prefer to hold your funds in your bank account, you can initiate a transfer from your Cash App account to your linked bank account.
10. Monitor Transaction Status
Throughout the process, you can monitor the status of your Bitcoin sale within the Cash App. This visibility provides transparency on your transaction.
11. Confirmation of Sale Completion
Upon successful completion of the sale, you’ll receive a confirmation notification detailing the amount sold and the corresponding fiat currency credited.
12. Utilize Your Fiat Funds
With your fiat currency now available in your Cash App account, you can use the funds for various purposes, such as making purchases, transferring to friends, or withdrawing to your bank.
