You may have saved a considerable amount of bitcoin on your Cash App account or just started out with it, but now you are ready to move your assets somewhere more secure. This is a very common scenario among Cash App account holders, especially those who prioritize safety and utility.
In this how-to send Bitcoin from Cash App to another wallet guide, we will take you by the hand and explain to you step-by-step how you can withdraw your Bitcoin from Cash App without making any mistakes and store it on your Zengo wallet instead.
Please make sure that your Zengo wallet is properly configured before withdrawing your Bitcoin from Cash App. Zengo is a web3-ready non-custodial wallet that uses industry-leading MPC technology to keep your digital assets, such as Bitcoin, safe and secure. Zengo offers better performance than any hardware wallet and is more secure than centralized cryptocurrency exchanges thanks to its guaranteed account recovery system, no private key vulnerability, and built-in Web3 firewall.
Checking whether your Bitcoin or other digital asset arrived in your Zengo app is an absolute breeze. Simply open the app and check the main balance page. If you want a more detailed overview regarding your latest transactions, tap the ‘History’ button to be provided with just that.
Zengo is the world’s leading Web3-ready and non-custodial wallet that makes use of biometric key phrases instead of traditional ones. Added to this, Zengo offers a beginner-friendly UI, supports multiple digital assets, and it allows users to easily buy and trade cryptocurrencies through its own platform and external (DeFi) applications.
Forget about writing down seed phrases or printing out QR codes. With Zengo, all your digital assets are protected by biometric facial recognition software and state-of-the-art MPC technology, ensuring only you can access and recover access to your Bitcoin and other digital currencies.
As a non-custodial crypto wallet, Zengo enables its users to have full access to their digital assets. Furthermore, with Zengo, you are in total control of your own private keys. Additionally, you can expand your crypto portfolio via fiat gateway services.
With Zengo, you get to chat with real humans instead of bots whenever you have a question or a problem with your wallet. You can contact our friendly and professional customer support 24/7 via live chat, even during the weekends and holidays.
Withdrawing crypto from your Zengo wallet is super easy. Tap the “Actions” button, select the cryptocurrency you want to send, and enter the receiving address.
If you wish to withdraw fiat instead, first hit the ‘Actions’ tab, followed by the ‘Sell’ button.’ Once you’ve specified how much of which cryptocurrency you want to sell, you confirm the transaction so your account gets credited with fiat currency. You can now withdraw this fiat to the bank account connected with your Zengo wallet app.
You can find more information about Bitcoin withdrawals from Cash App in the frequently asked questions section below.
Cash App is a mobile payment service that is available in the United States and the United Kingdom. It allows users to transfer and store money, digital assets, and invest in stocks. It was released in 2013 and is currently the #1 finance app in Apple’s App Store.
The main difference between Cash App and Zengo is that Zengo is a non-custodial cryptocurrency wallet that enables you to be in complete control over your digital assets as you hold the private keys to your funds. In contrast, Cash App acts as a custodial service that controls these keys for you and technically has ownership over your digital assets once stored there. In addition, Cash App offers its users only the ability to hold Bitcoin, with no other cryptocurrencies available. Another key difference is that Zengo is a fully Web3-ready app and DeFi gateway, while Cash App is a traditional standalone finance app.
ATM withdrawals with Cash App are charged at $2,50, while no other withdrawal fees apart from standard miner fees apply.
The Cash App withdrawal limits are $310 per ATM transaction and $1,000 per 24 hours. Cash Card spending limits are $7,000 per day, $10,000 per week, and $25,000 per month. To view your current Bitcoin withdrawal limit, tap the ‘Money’ tab found on your Cash App home screen, followed by ‘Bitcoin,’ and then scroll down to see your Bitcoin limits.
This depends on the withdrawal methods chosen, but if Standard Withdrawal is chosen, it will take between one and three business days. With the Instant Withdrawal feature, money is sent instantly to your debit card.
The most common difficulties that can occur during Bitcoin withdrawal from Cash App are that you accidentally enter the wrong destination address or forget to add the right tag or memo, causing the Bitcoin to be sent to a non-existent address and thereby “burning” the tokens. If you want to avoid this, we suggest copying and pasting your Zengo Bitcoin address (the recipient) and double-checking it before you approve your transaction.
To withdraw Bitcoin to fiat on Cash App, follow these steps:
Alternatively, you can transfer your Bitcoin to Zengo, hold it there, and withdraw to fiat when ready.
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Enter your phone number to receive a download link.