How To Send Bitcoin From Cash App To Coinbase

Cash App was created in 2013 and has since amassed quite a few members. The app currently has over 2.1 million ratings with an average score of iv.7 in the app store.

What has led to its quick ascent in popularity? Well, the app offers members a long array of benefits such every bit cyberbanking, instant transfers among friends and family, and investing.

Even so, currently, the app simply supports one cryptocurrency: Bitcoin.

Coinbase, on the other manus, is a top rated cryptocurrency investing platform. Launched in 2012, Coinbase got its start early and is the top rated app for cryptocurrency investing.

In this commodity, nosotros prove yous the process to
buy cryptocurrency on Coinbase directly with the Cash App Debit Card. We will also encompass the process to
transfer Bitcoin from Cash App to Coinbase.

Allow’s leap right in!


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How To Buy Crypto On Coinbase Using Your Greenbacks App Debit Card

In this section, we cover how to buy crypto on Coinbase using a Cash App Debit Card. If you want to transfer Bitcoin to Coinbase, and so yous can skip ahead to the next section.

Transferring funds from Greenbacks App to Coinbase is actually a pretty uncomplicated process. Rather than transferring cash, you can actually link your Cash App Debit Bill of fare and purchase crypto directly.

If you lot desire to actually perform a transfer of funds, then you would need to send your Cash App funds to your banking concern and so from your bank to Coinbase.

Instead, you can link your Cash App Debit Card (linked to your Greenbacks App depository financial institution business relationship) and skip the extra pace.

To buy crypto direct using your Greenbacks App Debit Menu, follow the steps below:

  1. Open up a Coinbase Account (Use our link here for $5 FREE Bitcoin)
  2. Verify your Coinbase Account
  3. Link your Cash App Debit Card
  4. Purchase Crypto

Permit’due south have a closer wait at each of these steps.


one. Open up A Coinbase Business relationship

Trade cryptocurrency with Coinbase

As a pioneer in the crypto space, Coinbase has led the pack with a feature rich platform that is simple to navigate.

They too offer members the chance to earn gratis cryptocurrency with educational materials!

If you sign up for Coinbase using our push button higher up,
you volition get $5 worth of gratis Bitcoin!

Earlier executing a transfer from Cash App to Coinbase, you will need to gear up a Coinbase account.

Setting up a new Coinbase account
is elementary:

  • Download the Coinbase app (use this link for a free $5 worth of Bitcoin)
  • Create an business relationship with your
    email and countersign
  • Submit your
    accost and SSN for verification
    and tax purposes
  • Set upwards
    2FA
    by calculation your phone number
  • Link to your bank account using a
    secure service called Plaid
  • Verify your ID
    by taking a motion-picture show of the front and back


2. Verify Your Coinbase Account

When creating a Coinbase account, you tin speed up the process and skip verification to starting time trading cryptos immediately.

Yet,
to gain full access to your Coinbase account, you volition need to verify your identity.

This verification is done through
uploading a photo of your commuter’due south license
or other land issued ID:

  1. To do this, you will click
    “Transport/Receive”
    once logged into Coinbase
  2. A popup will appear that
    prompts y’all to upload a photo of your ID
    (front and dorsum)
  3. This
    can take 1-2 business days
    to consummate

Y’all will receive an email once you are verified or if Coinbase needs more information.

If the paradigm of your ID is clear and matches the information in your account,
verification volition be completed in mere minutes.


3. Link A Cash App Debit Carte

Linking a Greenbacks App bill of fare is fairly straightforward. If you already depository financial institution with Greenbacks App then yous can link your debit card using the steps below. If you exercise not currently bank with Greenbacks App, then y’all would need to create a depository financial institution account with them first.

Unfortunately at this fourth dimension, the Cash App Cash card (linked to your Cash App balance rather than a depository financial institution account) is not supported by Coinbase.


Link Your Cash App Menu To Coinbase

Follow the steps below in the Coinbase App to link your Cash App Debit Card:

  1. From the domicile screen in the Coinbase app, tap on the “Buy” button
  2. Cull whichever crypto you want to buy
  3. Beneath the corporeality you would like to purchase, you lot will run across the payment method. Tap within the foursquare indicating which payment method you would similar to utilise
  4. Tap “Add together a payment method”
  5. Select the Debit Carte du jour selection
  6. Enter in your billing address for the card and click “Add Billing Address”
  7. Enter in the Carte number, expiration, CVC security lawmaking, and postal lawmaking. Tap “Add Card” when finished

This process is completed instantly. After linking your card, you volition be able to purchase crypto directly with your Cash App Debit Card.


4. Purchase Crypto On Coinbase

Now that y’all have a linked bill of fare, you will be able to purchase crypto directly using your Cash App Debit Card.

To brand a purchase, yous will follow the aforementioned steps every bit step number 3 above, only in this instance, your card will already be linked. Follow the steps below:

  1. From the dwelling house screen in the Coinbase app, tap on the “Buy” button
  2. Choose whichever crypto yous want to buy
  3. Beneath the amount you would similar to purchase, yous volition see the payment method. Tap within the square indicating which payment method yous would like to use
  4. Tap “Add a payment method”
  5. Select the Debit Bill of fare pick
  6. Choose the menu you just added
  7. Enter in the amount y’all would like to purchase in dollars and whether or not the order will be recurring
  8. Tap “Preview Buy”
  9. Review the details of the order and tap “Buy Now” when you are ready


How To Transfer Bitcoin From Cash App To Coinbase

Transferring Bitcoin is really simple with Coinbase. Follow the steps below:

  1. Open a Coinbase Account (Use our link here for $v Gratuitous Bitcoin)
  2. Verify your Coinbase Business relationship
  3. Re-create Coinbase Wallet Address
  4. Perform Transfer

Permit’s spring into steps iii and four equally steps 1 and 2 were covered earlier in this article.

After your Coinbase account is opened and verified, you are ready to initiate the transfer.


3. Copy Coinbase Wallet Address

Cryptocurrency is held in a wallet, and
every crypto wallet has a specific address.
This address is an alphanumeric code that is unique to your wallet.

In order to transfer crypto from one location to another, yous will need this accost, which can be found in Coinbase quickly and easily:

  1. In the “Dwelling Tab” of the Coinbase app, tap “Receive” at the elevation
    (on the desktop version, click the “Send/Receive” button)
  2. A new screen (popup on the desktop version) will appear with a
    QR lawmaking and an address
  3. Beneath the address, you will come across a cryptocurrency
  4. Tap the box to select the crypto you wish to transfer
  5. Re-create this address with the “copy” function
    on your phone
  6. You will apply this one time you initiate
    a transfer from MetaMask

Ever double bank check to
make sure y’all are sending cryptocurrencies to the correct wallet type.

If you send Bitcoin to an Ethereum accost, for example, it will likely be lost forever.


4. Perform Transfer

The transfer itself is really performed in the Cash App platform. Follow the steps beneath to send Bitcoin:

  1. In the Cash App app, tap on the invest in Bitcoin tap in the bottom navigation menu
  2. Tap the paper airplane icon to send Bitcoin
  3. Enter in the amount of Bitcoin you lot wish to transfer and tap “Send”
  4. Paste in the wallet accost you copied from Coinbase
  5. Validate that it is an external wallet past tapping the external wallet below. A checkmark will appear if it was copied and pasted correctly
  6. Tap “Next”
  7. Review the details of the order and tap “Confirm”

Later on confirming the details of the guild and submitting the transfer, it will take a few days to get through.


Transfer From Cash App To Coinbase: Final Thoughts

Whether you are transferring Bitcoin from Greenbacks App to Coinbase or purchasing crypto with your Cash App debit menu, the processes are actually pretty simple.

For a Bitcoin transfer, it is important to copy the wallet address from Coinbase exactly to ensure smooth commitment of your Bitcoin.

If you desire to larn more about Coinbase, be sure to cheque out our complete review.

cash app transfer to coinbase featured image

Source: https://www.investingsimple.com/transfer-cash-app-to-coinbase/

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