To send Bitcoin from Cash App to Coinbase: Open Cash App. Add funds to your account around $100. Visit the “Wallet” tab and select “Send Bitcoin.” Enter the recipient’s details. Verify your identity, confirm the transaction, and complete any two-step verification on Coinbase to complete the transaction.
Cash App and Coinbase are a couple of the most popular Bitcoin-related apps available today.
For some people, they may start out buying Bitcoin using Cash App and then at some point decide they’d prefer to use Coinbase instead.
But can you transfer your Bitcoin from Cash App to Coinbase? If so, how?
How to Send Bitcoin from Cash App to Coinbase (Step-By-Step)
If you bought Bitcoin with Cash App and want to transfer it to Coinbase, read below on how to do so.
Got it! Here’s the process formatted with each action as a separate step:
Step 1: Open Cash Card Page
Open Cash App and navigate to the “Cash Card” section.
Step 2: Deposit Money
Tap the “+” button to add funds. A recommended initial amount is between $10-$20.
Step 3: Wait for Sufficient Balance
Monitor your balance and wait until it reaches about $100 to cover transaction fees when sending Bitcoin.
Step 4: Purchase Bitcoin
- Navigate to the “Investing” tab and select “Bitcoin.”
- Enter the amount of Bitcoin you wish to purchase and confirm the transaction.
Step 5: Go to Wallet Tab
From the main screen, tap on the “Wallet” tab on your Cash Card page.
Step 6: Select Send Bitcoin
Click on the “Send Bitcoin” option.
Step 7: Enter Recipient Information
- Enter the recipient’s Coinbase wallet address or their $cashtag.
- Optionally, add a description of the transaction.
Step 8: Bitcoin Amount
Fill in the amount of Bitcoin you want to send. Review the automatically calculated fee; you can opt for a custom fee if desired.
Step 9: Confirm Transaction Details
Ensure all information is correct on the confirmation page.
Step 10: Click “Send” Bitcoin
Tap “Send” to initiate the transfer.
Step 11: Check Transaction Status
Monitor your transaction status in the app; your Bitcoin should arrive in the recipient’s wallet within minutes.
Can I Link Cash App With Coinbase?
No, you cannot link your Cash App card directly with Coinbase as a payment method. Although the Cash App card is a Visa debit card, Coinbase does not support it for transactions. You can use other methods to transfer funds between the two platforms instead.
Here is an alternative:
How to Add Your Cash App Account to Coinbase
- Log into Your Coinbase Account
- Navigate to Settings: Once you’re in, find the “Settings” section.
- Look for Linked Accounts: In Settings, search for the option that allows you to link an external account or wallet under “Linked Accounts” or “Add Account.”
- Select Cash App: Click on the option to add a new account and select Cash App from the list of supported accounts.
- Enter Your Cash App Credentials
- Authorize the Link: After entering your information, click on the “Authorize” button to complete the linking process.
- Confirmation Message: Once linked, you should receive a confirmation message on Coinbase indicating that your Cash App account has been successfully added.
By following these steps, you can seamlessly connect your Cash App account to Coinbase, allowing for easier management of your cryptocurrency transaction
How to Link Cash App with Coinbase (Step-By-Step)
Let’s show you exactly how easy it is to link your Cash App with Coinbase so that next time you cash out your money, you can invest into Bitcoin/Ethereum/Litecoin!
Step 1: Open Your Cash App
Tap on the ‘triangle’ icon in the corner of your screen.
Another menu will open, and tap on ‘Cash Card.’
It would help if you now were on your Cash App’s virtual debit card. Scroll down.
Step 2: Link Your Debit Card to Coinbase
Since Square does not yet offer Bitcoin, you’ll need to link your Coinbase account to withdraw the Bitcoin into cash. Tap on ‘Link a New Account’ at the bottom of that page, which will take you here:
- Hit ‘Continue.’ This takes us to our next step…
- Log in or create an account with Coinbase. If you choose to create one, follow this simple guide.
Step 3: Verify Your Identity using ID Verification
If you choose to create a new account with Coinbase, you’ll now need to verify your identity. This is simple and quick! Just follow this guide.
Step 4: Link Your Coinbase Account
Head back to the Cash App and hit ‘Link a New Account’ once again. Now we can link our Coinbase account that we created earlier.
Type in the security code they send to your phone (or generate one using Google Authenticator). Hit ‘Confirm.’
It should let you know that it was successful and ask you to add another linked account. If so, choose ‘Coinbase’ from the list and repeat steps 2-5 above or tap ‘Done.’
Congratulations! You can now transfer Bitcoin from your Coinbase account to your Cash App and cash out whenever you like or convert it into cash using the Cash Card feature.
How Long Does It Take to Transfer Bitcoin from Cash App to Coinbase
It can take up to an hour to confirm a deposit into Cash App from Coinbase. This means if you try to buy something with your Bitcoin from Cash App before it has been entirely at least once by the Bitcoin network, the purchase will not go through.
Cash App specifies a 3-5 business day hold period to receive withdrawals from Coinbase; however, this is subject to change as we move closer to Cash App’s launch of Bitcoin trading.
Are Fees Cheaper With Cash App Or Coinbase
This question comes up on the forums, on Reddit, and on Facebook groups all the time. There’s not a “right” answer to this because it depends on how much you’re trading (and potentially how much your account is worth).
| Feature | Cash App | Coinbase |
|---|---|---|
| Purchase Fee | 2.5% – 3% (varies by amount/location) | 1.49% + $0.15 (Coinbase fee) |
| Bitcoin Purchase Fee | 2.5% – 3% | 1.49% + 0.0003 BTC per transaction |
| Bitcoin Sell Fee | N/A | 1.78% (using Coinbase USD wallet) |
| Withdrawal Fee | N/A | Varies by payment method; ACH is free |
| Credit Card Transaction Fees | Subject to bank fees | Subject to bank fees |
| Minimum Transaction Fee | N/A | $0 minimum for transactions |
What Are The Differences Between Cash App And Coinbase?
The Cash App and Coinbase are essentially used to buy and sell cryptocurrencies. They both store the cryptocurrencies in digital wallet apps on their respective smartphones, allowing users to make instant transactions online.
However, there are some critical differences between these two services:
1. Fees: The Cash App has a flat 1% fee when purchasing or selling Bitcoin (Bitcoin is automatically sold for cash), but that fee can be avoided if you use your linked debit card when making a purchase instead.
On the other hand, Coinbase charges fees ranging from 1.49%-3.99% when purchasing or selling cryptocurrency, depending on your country and the payment method used.
2. Transfer Speed: Since transactions made through the Cash App go from person to person instead of from wallet to wallet, they are completed instantaneously.
On the other hand, since cryptocurrencies purchased on Coinbase are stored in wallets external to Cash App users, transaction times vary depending on the cryptocurrency you’re trying to buy or sell.
3. Minimum Purchase Amounts: The Cash app’s minimum Bitcoin purchase order is $10, whereas Coinbase’s is $0.0085 BTC.
4. Availability: Both apps are available for both iOS and Android. However, the Cash App only allows transactions involving Bitcoin between Cash App users, while Coinbase allows transactions with many forms of fiat currency and several cryptocurrencies.
5. Customer Service: The founders of the two companies have very different ideas about handling customer service.
While Coinbase offers online support through its app and website, the Cash App does not have any way for users to contact customer service directly. However, they are currently working on several different offering customer services.
Can I Use my Cash App Card on Coinbase?
Yes – you can use your Cash card to buy Bitcoin on Coinbase. However, there are two essential things to remember when using your Cash card in this manner.
First, the $5 cashback bonus will not be awarded after purchasing Bitcoin through Coinbase via the Cash app.
Second, while it is possible to avoid fees by linking your bank account instead of a credit or debit card to use with these transactions, it may cause problems with repeated purchases if you do not have an adequate bank balance.
It’s also worth noting that any other spending outside of buying cryptocurrency directly could run up against daily limits for unverified accounts. In contrast, verified accounts have a more generous limit of $10,000 per day.
Is it Safe to Send Bitcoin from Cash App to Coinbase?
Generally speaking, sending Bitcoin from one wallet or service to another is considered entirely safe.
But there are minor risks associated with using wallet services and external systems such as exchanges like Coinbase.
Likewise, both the sender and receiver must take certain precautions when sending and receiving funds on these platforms, respectively.
First of all, remember that if you input the wrong wallet address, no one will recover it. This is why you should always triple-check that your wallet address is correct before sending funds.
Secondly, the convenience of using services like these does come at a cost for both parties. The transaction fee can sometimes cause an issue for the receiver, but if they choose to use an external service instead of their wallet, there are risks involved.
Common Problems When Sending Bitcoin from Cash App to Coinbase
- Incorrect Address: You may have entered the wrong Bitcoin address.
- Insufficient Funds
- Network Congestion: The Bitcoin network may be congested, causing delays.
- High Transaction Fees: Fees could be higher than expected, slowing down the process.
- Internal Processing Delays: Both platforms may experience delays due to maintenance or technical issues.
- Verification Requirements: Coinbase may require additional verification for larger transactions.
- Failed Transfers Due to Entry Mistakes
The most common problem that many people experience is that they send their Bitcoin from the Cash app to Coinbase, but it doesn’t show up on their Coinbase account.
There are a couple of reasons why your transaction might not show up on Coinbase or get stuck in “Pending” status for hours, even days. In some cases, users have reported waiting almost a week for their transactions to show up.
The most important thing to understand is that when you send Bitcoin from Cash App to Coinbase, they go through a 3rd party intermediary called ‘BTCjam.’ When your coins leave the Cash app, they don’t go directly to Coinbase.
Instead, your coins go into BTCjam’s wallet, where they stay for a few days before being sent back out again to their final destination (Coinbase).
