Bitcoin currency has gained significant interest and usage lately. Platforms like Cash App offer easy to use interfaces making the purchase and sale of Bitcoin more convenient than before. If you are new to the world of cryptocurrencies and need help with buying Bitcoin through Cash App, do not worry! This guide breaks down the process step by step to make it simple for you to learn how to buy Bitcoin on Cash App.
A Detailed Guide; How to Buy Bitcoin on Cash App
1. Get the Cash App
Start by downloading the Cash App from the App Store for iOS users or Google Play Store for Android users. Once downloaded, set up your account as directed on the screen. This typically involves providing your email or phone number and creating a username and password.
2. Verify Your Identity
The Cash App requires identity verification to meet requirements. You will be asked for information such as your name, date of birth, and Social Security number. Just follow the instructions to securely complete this process.
3. Connect Your Payment Method
Then you need to link a payment method to your Cash App account. You can use a debit card, credit card, or bank account to make your payment. Go to the "Banking" or "Investing" section in the app. Follow the instructions to securely connect your payment method.
How to Buy and Send Bitcoin on Cash App
4. Find the Bitcoin Section
Once you have set up your account and linked your payment method, you will be ready to purchase Bitcoin. On the Cash App home screen, tap on the "Investing" tab at the bottom then choose "Bitcoin" from the list of investment options.
5. Choose Bitcoin Amount
In the Bitcoin section of the app, you will be asked to specify how much Bitcoin you want to buy. Enter a dollar amount and select how many Bitcoins you wish to purchase. Cash App allows you to buy Bitcoin in increments as $1.
6. Check and Confirm Your Purchase
Before completing your purchase, review all transaction details such as the amount of Bitcoin and exchange rate. If everything looks right, press "Buy" to confirm your purchase. Cash App will show a summary of your transaction with costs and any fees involved.
7. Keep Your Bitcoin Secure
Once your purchase is done, the purchased Bitcoin will be added to your Cash App balance. You can choose to keep your Bitcoin in the Cash App or move it to a cryptocurrency wallet for added security. To send Bitcoin from Cash App go to the "Bitcoin" section, click on "Withdraw Bitcoin". Then follow the instructions to start the transfer.
Well done! You wanted to learn how to buy Bitcoin on Cash App and you have successfully done that with our easy manual! Whether you wanted to learn how to buy and send bitcoin on cash app or wanted to know how to buy bitcoin on cash app with credit card, you can start now! If you are looking at long term investments or just getting into the cryptocurrency scene, it is a process that brings the world of assets right to you. Enjoy your investment journey!
