Cashapp bitcoin question
Can you withdraw to cashapp. Bitcoin from online sites without going through any verification process?
Ex. Does having a cashapp. Account automatically verify and allow you to use the bitcoin option to add funds to from online sites.
Thank you
3 Replies
Don't do this. Make sure you have a wallet under your complete control -- Exodus is a good wallet manager for this -- and withdraw from the site to your wallet. Then transfer the coin from your wallet to CashApp (or whatever exchange you are using).
Essentially all exchanges and cryptocoin processors will disable US users' accounts if they recognize that you are transferring directly from an online gambling site to your wallet on the processor.
And yes, if you are a US resident and are doing any sort of online financial transaction, including buying/selling cryptocoins, you will have to jump through some know-your-customer hoops.
i use cashapp all the time for depositing/withdrawing money
they say not to but i havnt had any issues
Good luck with that.
