As bitcoin gains more mainstream acceptance, many people are turning to Cash App as a convenient way to buy and sell the digital currency. However, before you can start using bitcoin on Cash App, you need to verify your account. In this article, we’ll explain how to do this step-by-step.
First, make sure you have the latest version of Cash App downloaded on your phone. You can download it from the App Store or Google Play Store. Once you have it installed, open the app and click on the profile icon in the top left corner. From there, scroll down to the “Bitcoin” section and click on “Enable Bitcoin.”
Next, you’ll be prompted to enter your personal information, including your full name, date of birth, and Social Security number. This is required to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Cash App takes privacy and security very seriously, so rest assured that your information will be kept safe.
After entering your personal information, you’ll need to verify your identity. This involves taking a photo of your government-issued ID, such as a driver’s license or passport. Make sure the photo is clear and all the information is visible. You may also be asked to take a selfie to match your face with the ID.
Once you’ve submitted your information, Cash App will review it and notify you when your account is verified. This typically takes a few minutes to a few hours, but can take longer in some cases. During the verification process, you won’t be able to buy or sell bitcoin on Cash App.
Once your account is verified, you’re ready to start buying and selling bitcoin on Cash App. To buy bitcoin, click on the “Investing” tab in the bottom left corner of the app. From there, select “Bitcoin” and enter the amount you want to buy. Cash App will show you the current market price and the fees involved. Once you confirm the transaction, the bitcoin will be added to your Cash App wallet.
To sell bitcoin, go back to the “Investing” tab and select “Bitcoin.” From there, click on “Sell” and enter the amount you want to sell. Cash App will show you the current market price and the fees involved. Once you confirm the transaction, the cash will be added to your Cash App balance.
In conclusion, verifying your Cash App account is a simple process that involves entering your personal information and verifying your identity. The process may take a few minutes to a few hours, but once your account is verified, you can start buying and selling bitcoin on Cash App. Remember to always be cautious when buying or selling bitcoin and to only invest what you can afford to lose.