Bitcoin has been one of the most talked about topics in recent years, and many people are curious about how they can invest in it. While there are many ways to buy Bitcoin, one of the most popular options is to use Cash App. Square, Inc.’s Cash App is a mobile payment application that allows users to send and receive money.In this article, we’lldiscuss how to buy Bitcoin with Cash App, step by step.
Step 1: Download the Cash App
The first step to buying Bitcoin with Cash App is to download the app. The Cash App is available for iOS and Android devices and can be downloaded from the App Store or Google Play. Once the app is downloaded, create an account with your email address or phone number.
Step 2: Link Your Bank Account
After creating an account on Cash App, you’ll need to link your bank account. This is essential because you must transfer funds from your bank account to Cash App to buy Bitcoin. To connect your bank account, go to the “Banking” section in the app and select “Add a Bank.” Follow the prompts to add your bank account information.
Step 3: Verify Your Account
You’ll need to verify your account to buy Bitcoin on Cash App. This is done to ensure you are who you are and prevent fraud. To verify your account, go to the “Profile” section of the app and select “Personal.” Follow the prompts to enter your full name, date of birth, and the last four digits of your Social Security number. The Cash App will then confirm your identification.
Step 4: Add Funds to Your Cash App
Account: Before buying Bitcoin on Cash App, you must add funds to your Cash App account. To do this, go to the “Banking” section of the app and select “Add Cash.” Follow the prompts to enter the amount of money you want to add and select your bank account.
Step 5: Buy Bitcoin on Cash App
Now that you’ve added funds to your Cash App account, you can buy Bitcoin. To do this, go to the “Investing” section of the app and select “Bitcoin.” Follow the prompts to enter the amount of Bitcoin you want and confirm the purchase. Cash App will deduct the amount of Bitcoin from your account and add it to your Cash App Bitcoin wallet.
Step 6: Transfer Your Bitcoin to an External Wallet
While keeping your Bitcoin in your Cash App Bitcoin wallet is safe, some users prefer to transfer their Bitcoin to an external wallet. To do this, go to the “Bitcoin” section of the app and select “Withdraw Bitcoin.” Follow the prompts to enter the amount of Bitcoin you want to withdraw and the external wallet address you wish to transfer.
In conclusion, buying Bitcoin with Cash App is a simple process that can be completed quickly. By downloading the app, linking your bank account, verifying your account, adding funds to your Cash App account, and buying Bitcoin, you can start investing in one of the most popular cryptocurrencies available today. Remember, it’s always essential to research and invests wisely, as cryptocurrency can be volatile and risky.