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Cash App, developed by Square Inc., is a versatile mobile payment service that allows users to transfer money, buy stocks, and trade Bitcoin. While its user-friendly interface makes it accessible to beginners and experienced traders, Cash App enforces certain limits on Bitcoin withdrawals to ensure security and regulatory compliance.
For those looking to understand these limits and how they affect your Bitcoin transactions, this comprehensive guide will provide all the necessary details, including how to increase your limits. This blog will explore the different Cash App Bitcoin withdrawal limit, explaining each with numbers to give you a clear picture of what to expect.
What is the Standard Cash App Bitcoin Withdrawal Limits?
For most users, the standard Bitcoin withdrawal limits Cash App are as follows:
- Daily Bitcoin Withdrawal Limit: $2,000 worth of Bitcoin
- Weekly Bitcoin Withdrawal Limit: $5,000 worth of Bitcoin
- Monthly Bitcoin Withdrawal Limit: Limits may vary and are less commonly specified but generally align with the weekly limit extrapolated over four weeks.
- These limits are sufficient for occasional users but can be restrictive for active traders and investors.
Verified Cash App Account Bitcoin Withdrawal Limits
Users who verify their accounts can request higher withdrawal limits. The verification process typically involves providing additional information such as your full name, date of birth, and the last four digits of your Social Security Number (SSN). You may also need to provide a government-issued ID and a clear photo of yourself.
For verified accounts, the Bitcoin withdrawal limits can be increased significantly:
- Daily Bitcoin Withdrawal Limit: Up to $7,500 worth of Bitcoin
- Weekly Bitcoin Withdrawal Limit: Up to $10,000 worth of Bitcoin
- Monthly Bitcoin Withdrawal Limit: These limits are often customised based on user activity and Cash App’s discretion.
How to Increase Your Cash App Bitcoin Withdrawal Limit?
To increase Cash App Bitcoin withdrawal limit verify your account:
- Open the Cash App on your mobile device.
- Navigate to the Bitcoin tab.
- Follow the prompts to verify your identity, providing your full name, date of birth, and the last four digits of your SSN.
- You may need to submit a government-issued ID and a clear photo of yourself.
- Ensure the provided photo is clear and matches the information on your ID.
FAQs
What is the standard Cash App Bitcoin withdrawal limit?
The standard bitcoin withdrawal limit on Cash App is $2,000 per day and $5,000 per week.
How do I verify my Cash App account to increase my Bitcoin withdrawal limit?
Verification involves providing your full name, date of birth, the last four digits of your SSN, and a government-issued ID.
How often can I request to increase my Bitcoin withdrawal limit on Cash App?
There is no set frequency for limit increase requests, but allowing some time between requests is advisable.
Can I withdraw Bitcoin instantly after increasing my limit?
Yes, once your new limits are approved, you can withdraw Bitcoin up to the new limit immediately.
What should I do if my Cash App Bitcoin withdrawal is not working?
Ensure your account is verified, and check if you've reached your daily or weekly withdrawal limits. Contact Cash App support for further assistance.
Can I increase my Bitcoin withdrawal limit without verifying my identity?
No verification is necessary to increase your Bitcoin withdrawal limits on the Cash App.