How Long Does It Take to Allow on-chain Transactions on Cash App? 2022 Update

By Sirjan Chetri Last updated Sep 26, 2022

The term “on-chain transaction” refers to a safe and secure method of conducting a transaction that, once confirmed and recorded by the network, cannot be changed.

However, due to the fact that the legitimacy of transactions is dependent on the current state of the blockchain, the speeds of transactions may vary.

Only after a transaction is reflected in the public ledger can it be considered to have taken place successfully on a blockchain. When blockchain transactions are carried out, the processing time is frequently very slow.

The following are the actions that need to be taken if you want to conduct an on-chain transaction rather than sending your money off-chain as you had originally intended.

After selecting the Bitcoin option from your Home screen, navigate to the Airplane mode tab using your device’s menu.
After manually inputting the external wallet address or scanning the QR code automatically, select the option to transmit bitcoin by clicking on the corresponding button.
If you have already entered the wallet address, click the Confirm tab, and then click the Next button when you are finished.
Select a withdrawal speed from the drop-down menu, and then select the Confirm option to begin the process of sending the bitcoins.

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How Long Does It Take to Allow on-chain Transactions on Cash App?

Even with the delays that are to be expected, it is possible that the procedure will not take more than five days to confirm the on-chain transactions on the Cash app.

What does allow on-chain transactions mean in Cash App?

Verifying that your account has the necessary permissions to send funds using the blockchain ledger is required in order to enable on-chain transactions.

Bitcoin transactions on the blockchain can only be processed by accounts that have been confirmed and enabled within the Cash app. When transferring money through blockchain, it is typically a prerequisite to have a solid understanding of the source of the transaction.

This is because on-chain transactions are conducted in order to guarantee the safety and security of the transaction process.

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How Can I Enable Bitcoin in the Cash App?

Transactions that take place off-chain and those that take place on-chain are treated equally in Cash app. There is simply one approval process that must be followed for the beginning of any kind of bitcoin transaction, whether it be off-chain or on-chain. Follow the steps below to have your application to enable bitcoin transfers on the Cash app authorized.

Users are need to sign in to their Cash app accounts before the process can be started. In the Bitcoin part of the website, select the option to permit withdrawals and deposits by clicking on the corresponding button located on the right side of the screen.
The following step will need you to enter your email address, along with the purpose and specifics for seeking permission to use bitcoin.
Details about your employment and income should be included in the areas that have been provided.
Please provide a government-issued photo ID or an electronic copy of your driver’s license.
Last but not least, you should store a snapshot of your face that is well-lit and organized.
The application will start confirming your details as soon as the process has been finished.
In most cases, the process takes up to 48 hours, although it can go on for longer if further information is required.
A notification stating that verification is currently taking place will appear on the screen. After the verification process is finished, you will receive either an email or a text message informing you of the status of your verification.

Conclusion

Read the steps outlined in this blog post in order to enable the Cash app on your mobile device to handle bitcoin transactions if you so desire.

You’ll find that the Cash app makes it simple to conduct transactions with bitcoins; if you want to learn more, you can get the information you need from this blog.