Cash App is a popular mobile payment service that allows users to send and receive money from friends and family. However, the app also offers a convenient way to buy and sell Bitcoin. In this article, we’ll explain how to purchase Bitcoin on Cash App.
Step 1: Download Cash App
The first step to buying Bitcoin on Cash App is to download the app from the App Store or Google Play. Once you’ve downloaded the app and created an account, you’ll need to link a debit card or bank account.
Step 2: Verify Your Identity
Before you can buy Bitcoin on Cash App, you’ll need to verify your identity. To do this, go to your profile and select “Personal.” Follow the on-screen instructions to enter your full name, date of birth, and Social Security Number. You may also need to take a picture of your ID or driver’s license.
Step 3: Add Funds to Your Cash App Account
To buy Bitcoin on Cash App, you’ll need to add funds to your account. You can do this by linking a debit card or bank account. Once you’ve linked your account, you can add funds by selecting the “Add Cash” option. You can add as little as $1 or as much as $10,000.
Step 4: Buy Bitcoin on Cash App
Now that you’ve added funds to your Cash App account, you can buy Bitcoin. To do this, select the “Investing” tab and then select “Bitcoin.” You’ll be taken to a screen where you can enter the amount of Bitcoin you want to buy. You can buy as little as $1 or as much as $10,000.
Once you’ve entered the amount you want to buy, you’ll be asked to confirm the transaction. If you’re happy with the amount, select “Confirm.” Cash App will then purchase the Bitcoin on your behalf and add it to your Cash App Bitcoin wallet.
Step 5: Send Bitcoin to Your Wallet
If you want to send your Bitcoin to an external wallet, you can do so by selecting the “Withdraw Bitcoin” option. You’ll be asked to enter the amount of Bitcoin you want to send and the address of the external wallet. Cash App will then send the Bitcoin to the external wallet.
Conclusion
Buying Bitcoin on Cash App is a simple and convenient way to invest in cryptocurrency. By following these five steps, you’ll be able to buy Bitcoin on Cash App in no time. Just remember to verify your identity and add funds to your account before making a purchase.