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boston wine 2y ago

Who custodies CashApp users’ Bitcoin?

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HodlHomestead 2y ago

Ha! Not the cash app users!

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Beiner 2y ago

https://cash.app/legal/us/en-us/bitcoin-disclosures it's all right here a third party hold the btc for cashapp

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Jeroen ✅ 2y ago

Idk, cashapp?

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Beiner 2y ago

Not cashapp.. they don't even state who all it says it's a third-party

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The Daniel ⚡️ 2y ago

Don’t FUD.

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Beiner 2y ago

It's all in black and white lmao

http://nostrcheck.me/media/kid_btc/nostrcheck.me_bc522ca918c5f264cfebc262dcc8d9ae2380dc5cb9a2dc0c.webp

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The Daniel ⚡️ 2y ago

That’s sales, not storage. It just means they have to buy on exchanges on your behalf, and external transfers to other wallets are out of their control.

nostr:note19czxf8qz9js7ufmwz8s99rgqfujpq6qervlvat4ye6ltd4pdg98sg0sce4

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Beiner 2y ago

Got it

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Nick Slaney 2y ago

CashApp

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boston wine 2y ago

Do they really?

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signal_and_rage 2y ago

the bitcoin network actually does

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boston wine 2y ago

😂 assuming it’s a 1:1 custodianship

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Nick Slaney 2y ago

Yes

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Michael Rihani⚡️ 2y ago

We own all of our own infrastructure. Plus you own 100% of your bitcoin on Cash App. Our Terms of Service state that when you hold bitcoin on Cash App—you own it.

https://cash.app/help/us/en-us/31072-cash-app-bitcoin-operations

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boston wine 2y ago

🔥🔥🔥🔥 that’s a great answer

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Stackmore 2y ago

⚡️

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Matt 2y ago

Is that in purely technical terms, like when I told my kid the toys were hers but I could take them away at will? Or do they actually have possession of the back up keys?