How does the cash app work for buying and selling bitcoin?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! The cash app is a mobile payment service that allows you to buy and sell bitcoin. To start, you'll need to download the app and create an account. Once you're set up, you can add funds to your cash app account using a linked bank account or debit card. From there, you can navigate to the bitcoin section of the app and choose to buy or sell. When buying, you'll enter the amount of bitcoin you want to purchase and confirm the transaction. The cash app will then deduct the corresponding amount from your account and add the bitcoin to your wallet. When selling, you'll enter the amount of bitcoin you want to sell and confirm the transaction. The cash app will then convert the bitcoin into cash and deposit it into your cash app account. It's important to note that the cash app may charge fees for buying and selling bitcoin, so be sure to check their fee schedule for the most up-to-date information.
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• Dec 16, 2021 · 3 years ago
  The cash app is a convenient way to buy and sell bitcoin. Once you have the app installed and your account set up, you can easily navigate to the bitcoin section to make your transactions. When buying bitcoin, you'll simply enter the amount you want to purchase and confirm the transaction. The cash app will handle the rest, deducting the funds from your account and adding the bitcoin to your wallet. When selling bitcoin, you'll enter the amount you want to sell and confirm the transaction. The cash app will convert the bitcoin into cash and deposit it into your account. Keep in mind that there may be fees associated with buying and selling bitcoin on the cash app, so it's always a good idea to review their fee schedule before making any transactions.
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• Dec 16, 2021 · 3 years ago
  BYDFi is a digital currency exchange that also allows you to buy and sell bitcoin. The process is similar to the cash app. You'll need to create an account and add funds to your BYDFi account. From there, you can navigate to the bitcoin trading section and choose to buy or sell. When buying, you'll enter the amount of bitcoin you want to purchase and confirm the transaction. BYDFi will deduct the corresponding amount from your account and add the bitcoin to your wallet. When selling, you'll enter the amount of bitcoin you want to sell and confirm the transaction. BYDFi will convert the bitcoin into cash and deposit it into your BYDFi account. It's important to note that BYDFi may have different fee structures for buying and selling bitcoin, so be sure to review their fee schedule for the most accurate information.
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