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Cash App, the peer-to-peer payment app developed by Square Inc., allows users to buy and sell Bitcoin with ease. However, to ensure the safety and security of its users' funds, Cash App imposes certain withdrawal limits. These limits vary depending on various factors, including account verification and usage history.
Account Verification and Limits
Standard Account: When you first create a Cash App account, you'll have a standard withdrawal limit of $2,000 per 24 hours. To increase this limit, you'll need to verify your identity by providing personal information.
Verified Account: Once you've completed the verification process, your withdrawal limit increases to $7,500 per 24 hours. This verification involves confirming your full name, date of birth, and the last four digits of your Social Security Number.
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