Bitcoin is a cryptocurrency that has gained popularity over the years, and it can be easily purchased through the Cash App. Cash App is a popular mobile payment application that allows users to send and receive money from their friends and family. In this article, we will be looking at how to purchase bitcoin through Cash App.
Step 1: Set up your Cash App account
The first step to purchasing bitcoin through Cash App is to set up your account. To do this, you need to download the Cash App from the App Store or Google Play Store. Once you have downloaded the app, create an account by entering your phone number or email address. Verify your phone number or email, and create a unique username.
Step 2: Link your bank account
After creating your account, you need to link your bank account to the Cash App. To do this, go to the “Banking” tab and select “Add a Bank.” Follow the prompts to enter your bank account information. Once your bank account is linked, you can add funds to your Cash App account.
Step 3: Enable Bitcoin on your Cash App
To enable bitcoin on your Cash App, go to the “Investing” tab and select “Bitcoin.” You will be prompted to enter your personal information, such as your name, date of birth, and social security number. This is to verify your identity and ensure that you are eligible to purchase bitcoin through the Cash App.
Step 4: Purchase Bitcoin
After enabling bitcoin on your Cash App, you can now purchase bitcoin. To do this, go to the “Investing” tab and select “Bitcoin.” Enter the amount of bitcoin you want to purchase, and confirm the transaction. The bitcoin will be added to your Cash App investing account.
Step 5: Transfer Bitcoin to your Wallet
Once you have purchased bitcoin through Cash App, you may want to transfer it to a personal wallet. To do this, go to the “Investing” tab and select “Bitcoin.” Select “Transfer Out” and enter the wallet address you want to transfer the bitcoin to. Confirm the transfer, and the bitcoin will be transferred to your wallet.
In conclusion, purchasing bitcoin through Cash App is easy and straightforward. All you need is a Cash App account, a linked bank account, and a verified identity. Once you enable bitcoin on your Cash App, you can purchase bitcoin from the Investing tab. If you want to transfer the bitcoin to a personal wallet, you can do so by selecting “Transfer Out” and entering the wallet address.