Sending and Receiving Bitcoin
You can instantly send bitcoin to any $cashtag or another Lightning compatible wallet for free with Cash App.
To send bitcoin to any $cashtag (this is also called a peer-to-peer (P2P) transaction):
- Navigate to Cash App payment pad
- Tap the USD toggle and select BTC
- Enter at least $1 and tap Pay
- Find your recipient’s $cashtag, current phone number, or email address
- Tap Pay
You can also send bitcoin using Lightning or the Bitcoin Network:
- Tap the Money tab on your Cash App home screen
- Tap the Bitcoin tile
- Tap the Airplane button
- Choose Send Bitcoin
- Enter the amount and the recipient’s $cashtag or BTC address
- Tap Next
- Select a speed
- Tap Confirm & Send
###Sending bitcoin from the main payment pad:
*Images are for illustrative purposes only and not a recommendation
You can also send bitcoin from your Bitcoin balance from the Bitcoin tab.
Sending Bitcoin has a few limits to be aware of. We recommend checking your limits and track your limit progression regularly.
You can view your weekly and monthly limits in-app:
- Tap the Profile icon
- Tap on Limits
Limits are rolling and they accumulate for any consecutive 7 day period and 30 day period. Limits are tracked down to the minute a payment was made.
When you send bitcoin using your Cash balance or a linked card, your recipient will receive a transfer of USD that may be used to purchase bitcoin.
###Some common ways people gift bitcoin: Splitting bills and paying friends or family Gifting and appreciation Getting friends or family started with bitcoin
###When you receive a bitcoin gift, you have two options:
Accept bitcoin: By accepting the gift, you use the funds sent to you to buy bitcoin. If you have not verified your identity with Cash App, you will be asked to do so first. After successfully receiving your bitcoin, you can hold, sell, or withdraw your bitcoin at any time.
Decline bitcoin: Declining the bitcoin gift adds the gift as USD (instead of bitcoin) to your Cash balance.
Bitcoin gifts will expire after 3 weeks. If you don’t select either option above, the gift expires, and the funds will return to the sender’s Cash balance as USD.
###Important things to note:
Sending bitcoin: There are no fees or tax implications for gifting stock or bitcoin. You are simply sending USD earmarked for a particular stock or bitcoin. Note that you can only send bitcoin to recipients over the age of 18. Accepting bitcoin: When you accept a bitcoin gift, as mentioned above an order is placed to purchase the amount of bitcoin sent. Cash App may charge a small fee when you purchase or sell bitcoin. If so, the fee will be listed on the trade confirmation before you complete the transaction. Selling bitcoin: Selling bitcoin may have tax implications. If you have questions about your particular tax situation you should consult a tax advisor.
To learn more about Bitcoin, visit our Bitcoin - help center page.