If you're looking to transfer Bitcoin from Cash App to Coinbase, we will be covering how in this step by step guide.
This guide specifically covers transferring to Coinbase.com (the exchange platform), not Coinbase Wallet (the self-custody app). These are two separate products with different functionality.
Cash App also offers a bank account with a debit card, which can be linked to Coinbase as a banking method.
This can allow you to purchase crypto through Coinbase using your Cash App bank account.
This can also enable you to transfer US dollars from Coinbase to your linked Cash App bank account.
New to the world of Crypto? Check out my full Coinbase tutorial below!
If you don't have an account already, create a free Coinbase account.
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Cryptocurrency is held in a wallet, and each crypto wallet has a unique address.
For example, if you are sending Bitcoin, then you must use a Bitcoin address. This is true for each cryptocurrency.
Sending cryptocurrencies to the wrong address could result in losing them, so be careful!
To find your Coinbase wallet address, use the steps below:
You have now copied your Coinbase wallet for Bitcoin.
Coinbase automatically generates new addresses after each transaction for enhanced privacy. Avoid reusing addresses as this allows observers to track all transactions associated with a single address on the public blockchain. Modern Bitcoin addresses starting with "bc1" (Bech32 format) offer better privacy and lower fees than older formats.
In order to send Bitcoin from Cash App to Coinbase, you will need to verify your account.
This entails taking a photo of the front and back of your government issued ID.
Cash App requires government-issued photo ID, clear facial photo, email address verification, employment status, income information, and reason for using Bitcoin.
Verification can take up to 48 hours to complete and may be denied if information doesn't match perfectly. This is required due to KYC/AML (Know Your Customer/Anti-Money Laundering) regulations that financial institutions must follow.
Before transferring any cryptocurrency, ensure both your Cash App and Coinbase accounts have enhanced security:
These security measures are essential as Bitcoin transactions are generally irreversible once confirmed on the blockchain.
As mentioned before, Bitcoin is the only crypto asset supported by Cash App.
Here is how to send Bitcoin to another wallet, such as Coinbase, from Cash App:
Cash App now supports the Lightning Network for Bitcoin transfers, which offers near-instantaneous transactions with minimal fees. This is now the recommended method for most transfers.
| Transfer Method | Speed | Fees | Best For |
|---|---|---|---|
| Lightning Network | Seconds | Less than $0.01 | Small to medium transfers, urgent transfers |
| Standard Bitcoin Network | 30-60 minutes | 2-5% of transfer amount + network fees | Larger transfers, when Lightning isn't available |
When sending Bitcoin, Cash App will automatically detect if the recipient supports Lightning Network. If both parties support it (which Coinbase does), the transfer will use Lightning by default for faster, cheaper transactions.
Based on the speed you choose, the fees associated with the transfer vary.
Cash App Bitcoin transaction fees range from 0.75% to 3% depending on purchase amount, plus network fees that fluctuate between 2-3 satoshis per byte depending on network congestion. For example, if transferring $500 worth of Bitcoin, you might pay approximately $3.75-$15 via Cash App fees plus variable network fees of $0.50-$5 depending on network congestion.
If you aren't in a hurry, the slower option will be more cost effective. Cash App now requires a minimum of 0.001 BTC for Standard withdrawals, with lower minimums (0.00005 BTC) for Lightning Network transfers.
After sending your Bitcoin, it's important to understand the confirmation process:
Network congestion can significantly impact transfer times, especially during periods of high Bitcoin usage. Transfers often process faster during off-peak hours (nights/weekends).
If you encounter problems with your transfer, here are solutions to common issues:
Important Warning: Bitcoin transactions are generally irreversible. Always double-check all payment details before confirming. Sending to an incorrect address could result in permanent loss of funds.
While direct Bitcoin transfers are most efficient, you also have these options:
Coinbase One membership now provides zero trading fees for members, which might be beneficial if you frequently move funds between platforms.
