Cash App is a wallet and payment available in all 50 United States with 40 million active users and a ton of valuable features. Trading in bitcoin is one of the most exciting features of the Cash App, which was started in 2018. Cash App allows users to buy, hold, send, receive, and sell bitcoin. But for buying bitcoin on Cash App, users must complete specific requirements. For instance, if you want to buy bitcoin on Cash App, you must be 18 years of age.
Moreover, you must be a resident of the US, and as of now, only individuals can avail of bitcoin trading services. Many different exchanges are available to purchase bitcoin like Coinbase and Gemini. Each platform has different cryptocurrencies available, but how about buying bitcoin from this peer-to-peer payment service. Cash App offers cryptocurrencies to clients. And if you don’t know how to buy bitcoin on Cash App, continue reading this blog and know everything about this service.
Is Cash App safe for purchasing bitcoin?
The one reason behind the popularity of the Cash App is that it is an easy-to-use app. Similarly, bitcoin trading on Cash App is simple. Cash App also makes it easy to send bitcoin to other people (or to another bitcoin wallet your own) and receive bitcoin. Sending bitcoin to other Cash App users is very quick and straightforward and sending to external wallets using a QR code or bitcoin is not much more difficult.
To be honest, there is no such thing as the perfect place to buy bitcoin- so all these apps have a certain drawback. But if you are a new investor and looking to buy bitcoin, Cash App could be a good place to start. You will need to fund your Bitcoin purchase with money already in your account, so be sure to have funds available. Otherwise, use a debit card or bank account you have saved on the app to transfer some cash if you don’t have a balance already. So let’s learn step by step procedure for buying bitcoin on Cash App:
Buying Bitcoin on Cash App in 5 steps:
Open the Cash App on your phone
Go to the Investing Section
Here choose the stocks or Bitcoin
Tap on buy and pay the amount for the bitcoins at once, or you can set up recurring purchases.
After selecting an amount, you should tap Next and then Confirm. When it is processed, click on the Done.