Sending Bitcoin with Cash App
To send Bitcoin using Cash App, follow these steps:
- Open the Cash App and navigate to the “Investing” tab at the bottom of the screen, then select “Bitcoin“.
- Tap the “Send” button, which is represented by an arrow icon.
- Enter the amount of Bitcoin you wish to send, either in Bitcoin (BTC) or your local currency (e.g., USD), and the app will convert the amount for you.
- In the “To” section, enter the recipient’s $Cashtag, phone number, email address, or their Bitcoin wallet address, wi will give you a new fresh wallet address. If sending to an external wallet, the app will typically label the address as “external”.
- Choose your preferred network: the standard Bitcoin Network (slower, more reliable) or the Lightning Network (faster, often with lower or no fees). The Lightning Network enables near-instant transactions.
- Review all transaction details, including the recipient and the amount, carefully.
- Confirm the transaction by tapping “Confirm“. You may be prompted to enter your Cash PIN to finalize the transfer.
- The transaction will be submitted to the chosen network. You will receive a notification once the transaction is confirmed.
It is crucial to verify the recipient’s information, especially the Bitcoin wallet address, as transactions are irreversible.
Sending Bitcoin to External Wallet using Coinbase
To send Bitcoin from your Coinbase account to an external wallet, follow these steps:
- Obtain the External Wallet Address: (We will give you a fesh new wallet address) Open your external wallet (e.g., a hardware wallet, a mobile app like BlueWallet, or a desktop wallet like Electrum) and navigate to the “Receive” or “Deposit” section for Bitcoin (BTC). Copy the Bitcoin receiving address displayed there. Ensure you are copying the correct address for the Bitcoin blockchain (e.g., Bitcoin Mainnet, not a testnet).
- Log In to Coinbase: Access your Coinbase account via the website or mobile app.
- Initiate the Send: Navigate to the “Send & Receive” section and select the “Send” tab. Choose Bitcoin (BTC) as the cryptocurrency you wish to send.
- Enter the Recipient Address: Paste the Bitcoin address you copied from your external wallet into the recipient field. Double-check the address meticulously to ensure it is correct, as sending Bitcoin to the wrong address results in permanent loss.
- Confirm the Transaction: Enter the amount of Bitcoin you want to send. Review all details, including the recipient address and the network fee (which is paid to the Bitcoin blockchain to process the transaction). If you have two-factor authentication (2FA) enabled, you will need to complete the 2FA step to confirm the transaction.
- Monitor the Transfer: After confirming, the transaction will be processed. You can monitor its status in the “History” section of your Coinbase account. You can also use a Bitcoin blockchain explorer (like Blockchair or Blockstream Explorer) to track the transaction using the transaction ID provided by Coinbase.
- Verify Receipt: Once the transaction is confirmed on the blockchain (typically after several minutes to an hour, depending on network congestion), the Bitcoin should appear in your external wallet.
Coinbase does not charge a fee for sending cryptocurrency to an external wallet; however, you are responsible for paying the applicable blockchain network fee, which varies based on network activity.
Sending Bitcoin to External Wallet using Crypto.com
To send Bitcoin to an external wallet using Crypto.com, follow these steps:
- Open the Crypto.com App and navigate to the ‘Accounts’ section, then select ‘Crypto Wallet’.
- Tap on ‘Transfer’, then select ‘Withdraw’, and choose ‘External Wallet’.
- If sending to a new address for the first time, you must whitelist it for security. Tap ‘+ Add Wallet Address’ and select ‘Wallet Address’. Enter the recipient’s Bitcoin address, which typically starts with ‘1’, ‘3’, or ‘bc1p’. You can type, paste, or scan the address using the QR code icon.
- Select Bitcoin (BTC) as the cryptocurrency to send.
- Enter the amount of Bitcoin you wish to send.
- Review the transaction details, including the recipient’s address and the transaction fee, which varies based on network conditions. The fee is deducted from the amount sent, so the recipient receives less than the amount you specify.
- Confirm the transaction. If you are using an untrusted device, you will need to verify with your passkey, passcode, and a 6-digit verification code from your authenticator app, or via SMS OTP.
- After confirmation, your withdrawal request is submitted. There may be a 24-hour withdrawal lock on newly added addresses if the feature is enabled. Once processed, the transaction will be recorded on the Bitcoin blockchain.
For a non-custodial wallet like the Crypto.com DeFi Wallet, the process is similar: open the app, tap ‘Send Payment’, choose Bitcoin, enter the recipient’s address or scan their QR code, select a transaction speed, and confirm.