Cash App is a popular payment app offering various services, including buying and selling Bitcoin. However, the app has a withdrawal limit in place for Bitcoin transactions.
The Cash App Bitcoin withdrawal limitis set at $2,000 per day and $5,000 per week for all verified users. If you have more than $5,000 worth of Bitcoin in your Cash App account, you must withdraw it in increments over multiple weeks. The limit is in place to prevent fraud and ensure the security of user accounts.
To increase your Cash App Bitcoin withdrawal limit, you must verify your account and provide additional information to the Cash App. This includes verifying your identity by providing your full name, date of birth, and the last four digits of your Social Security Number (SSN). Depending on your account history and transaction activity, you may also be asked to provide additional information, such as a photo of your government-issued ID or proof of income.
Another way to increase your Cash App Bitcoin withdrawal limit is by linking your bank account. You can increase the withdrawal limit to $7,500 per week by linking your bank account. This can be done by going to the Cash App home screen, selecting the "Banking" tab, then selecting "Add a Bank", and following the prompts to link your account.
It is important to note that the Cash App Bitcoin withdrawal limit is subject to change and may vary based on various factors. Therefore, it is recommended to regularly check your withdrawal limit and follow the steps to increase it if necessary.