Are you looking to invest in Bitcoin? One of the simplest and most convenient ways to purchase Bitcoin is through the Cash App.
You can use Cash App to buy Bitcoin from your comfort zone with just a smartphone. Yes, the payment app (Cash App) now allows its users to buy Bitcoin without the need of sourcing for a third party who would help them do the job. I wrote all you need to know about how to buy Bitcoin on Cash App in this article and together we will learn how to purchase BTC on Cash App, as well as the important criteria to observe.
So, without much further Ado, let’s get started with what we have for today.
Can You Buy Bitcoin on Cash App?
Yes. You can buy Bitcoin on Cash App as long as you have the funds loaded in your account and you meet up their criteria.
The “Buy Bitcoin” option on Cash App was introduced in 2018, and ever since then it has become more than just a peer to peer payment app as users can easily buy and sell Bitcoin, invest in stocks and also receive and send funds.
Who Can Buy Bitcoin on Cash App?
Not everyone can buy Bitcoin on Cash App as you must be at least 18 years of age and if you are below 18 years of age sadly, you won’t be permitted to use the “Buy Bitcoin” option according to the Cash App policy.
The only way to get over this situation if you are below the required age limit is for you to use a guardian or parent Cash App account to make purchases, but we don’t advise you to do this as it is not considered proper for you to use someone else’s account details. You should respect their privacies.
However, for those who are at least 18 years of age and above, you can buy Bitcoin on Cash App only when you are within the United States and you must be a resident in any of the 50 states of the country.
How To Buy Bitcoin On Cash App – Step By Step Process
One thing you should know is that buying Bitcoin on Cash App is one of the easiest things to do on the app and anyone can carry out the process without having any technical knowledge. However, here is a step by step process on how to buy Bitcoin on Cash App.
- Open your Cash App and tap on the Bitcoin tab on your home screen
- Next, select Buy BTC
- Tap the amount tab or tap … to enter a custom amount
- Enter your PIN and select Confirm
NOTE: To purchase bitcoin on Cash App, you must have money in your Cash App account. In some cases, you may also need to provide additional geographical details.
Are There Fees for Buying Bitcoin on Cash App?
When buying or selling Bitcoin on Cash App, you should remember that there will always be a fee attached to whatever transactions you make. This fee usually appears on the confirmation of the trade you want to embark on even before the transaction takes place, but you can decide to cancel the transaction if you don’t feel comfortable with the fee attached to the transaction.
To view the fee of a specific Bitcoin purchase or withdrawal:
- Tap the Activity Tab on your Cash App home screen
- Select a Bitcoin Transaction
- Tap the … in the top right
The fee and exchange rate will be displayed.
Is Cash App 100% Safe for Buying Bitcoin?
Yes, Cash App is a safe and reliable app you can trust when it comes to buying and selling Bitcoins. And aside from that, they have a responsive support team you can reach out to whenever you are faced with any problem on the app and they will quickly fix whatever is wrong. You can use Cash App to trade your Bitcoin successfully having no reason to worry about getting scammed or duped by a third party.
READ MORE: Cash App Bitcoin Withdrawal Limit
Cash App is a swift and fast payment app you can use to make payments and receive funds and not only that you can also buy and sell Bitcoin using the app although, you must fulfill some basic requirements and meet up with some standards which includes, being at least 18 years of age, funding your Cash App account, and being a resident of the United States. In other words, Cash App is a great app to use if you want to sell and buy Bitcoin, invest in stocks and receive and send funds to customers.
Can I buy $1 worth of bitcoin on Cash App?
Yes, you can buy 1$ worth of bitcoin on Cash App.
How long does it take for my Bitcoin purchase to be completed on Cash App?
Typically, a Bitcoin purchase on Cash App takes about 10-30 minutes to complete.
How do I view my Bitcoin address on Cash App?
To view your current Bitcoin wallet address: Tap the Bitcoin tab on your Cash App home screen. Select View Bitcoin Address.
What is the minimum amount of Bitcoin I can buy on Cash App?
The minimum amount of Bitcoin you can purchase on Cash App is $1.
Can I store my Bitcoin on Cash App?
Yes, you can store your Bitcoin on Cash App.
What should I do if I have an issue with my Bitcoin transaction on Cash App?
If you have any issues with a Bitcoin transaction on Cash App, you can reach out to the Cash App support team through the app or website for help.
John Gurche was born in Los Angeles, California, and raised in Utah, England, New York, and Los Angeles again. He attended the University of California, Santa Barbara, earning his BA in 1969, and his Ph.D. in 1975. He is the author of 10 books, including: A History of Western Philosophy (with Stephen Toulmin), The Moral Landscape: How Science Can Determine Human Values, and The Liberal Imagination.