Bitcoin has been on the rise since its inception in 2009, and more and more people are investing in it. With the increase in popularity of Bitcoin, there has been a surge of apps and platforms that allow users to buy, sell, and trade Bitcoin. One of these platforms is CashApp.
CashApp is a mobile payment service that allows users to send and receive money from their smartphones. It also offers the ability to buy and sell Bitcoin. However, before you start buying Bitcoin on CashApp, you need to verify your account.
In this article, we will explain how to verify Bitcoin in CashApp.
Step 1: Download CashApp
The first step is to download the CashApp from your smartphone’s app store. It is available for both Android and iOS devices.
Step 2: Sign up for CashApp
Once you have downloaded the app, sign up for an account by providing your phone number or email address. You will also need to create a unique username and password.
Step 3: Link your bank account
To buy Bitcoin on CashApp, you need to link your bank account. You can do this by tapping on the “Banking” tab on the home screen and then selecting “Add a Bank Account.” Follow the prompts to enter your bank account information.
Step 4: Verify your identity
To verify your identity, you need to provide your full name, date of birth, and the last four digits of your Social Security number. CashApp uses this information to verify your identity and prevent fraud.
Step 5: Enable Bitcoin purchases
After you have verified your identity, you can enable Bitcoin purchases by tapping on the “Investing” tab on the home screen and then selecting “Bitcoin.” Follow the prompts to enable Bitcoin purchases.
Step 6: Verify your Bitcoin purchase
Once you have enabled Bitcoin purchases, you can buy Bitcoin on CashApp. However, before you do so, you need to verify your Bitcoin purchase by providing your photo ID.
To do this, tap on the “Investing” tab on the home screen and then select “Bitcoin.” Tap on the “Verify Identity” button and follow the prompts to take a photo of your government-issued photo ID. CashApp uses this information to verify your identity and prevent fraud.
Step 7: Buy Bitcoin
After you have verified your Bitcoin purchase, you can buy Bitcoin on CashApp. To do this, tap on the “Investing” tab on the home screen and then select “Bitcoin.” Enter the amount of Bitcoin you want to buy and tap on the “Buy” button.
Step 8: Monitor your Bitcoin investment
Once you have purchased Bitcoin on CashApp, you can monitor your investment by tapping on the “Investing” tab on the home screen and then selecting “Bitcoin.” You can see the value of your investment and track how it changes over time.
In conclusion, verifying Bitcoin in CashApp is a straightforward process that requires you to link your bank account, verify your identity, and provide your photo ID. Once you have done this, you can buy Bitcoin on CashApp and monitor your investment. As with any investment, it is important to do your research and invest wisely.