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What is a cash app btc address and how does it work?

avatarGentry LaMartinMar 18, 2022 · 3 years ago1 answers

Can you explain what a cash app btc address is and how it works in the world of digital currencies?

What is a cash app btc address and how does it work?
Cash App
Btc Address
Digital Currencies

1 answers

  • avatarMar 18, 2022 · 3 years ago
    A cash app btc address is a digital address that represents your bitcoin wallet within the cash app. It is used to send and receive bitcoin from other users or external wallets. When you want to receive bitcoin, you provide the sender with your btc address. They can then send bitcoin to your address, and the transaction will be recorded on the blockchain. Your wallet balance will be updated accordingly. Similarly, when you want to send bitcoin to someone, you need their btc address. You enter their address in the cash app, specify the amount of bitcoin you want to send, and confirm the transaction. The transaction is then processed and confirmed by the network, and the recipient's wallet balance is updated.

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