How To Buy BTC on Cash App

Purchasing Bitcoin on Cash App is straightforward. Users can use fiat (normal money) in the Cash App to buy Bitcoin while paying a small service fee.

With that said, you can’t deposit Bitcoin directly on Cash App. Hence, we discovered that linking your bank account or debit card with Cash App is the best option before buying Bitcoin on the platform.

We’ve outlined the steps to buy Bitcoin on Cash App below.

Step 1: Download the Cash App

The first step to purchasing Bitcoin from Cash App is downloading the application from your device’s store.

Cash App supports most mobile devices. You can download the platform from the App Store if you are an iPhone user or Play Store for Android devices.

Step 2: Create a Cash App Account (If You Don’t Already Have One)

The next step is to create a Cash App account if you don’t have an existing one.

To set up an account, you must input your email address, phone number, and link to your bank account. We’ve noticed that most Cash App users prefer to use their emails to register.

After adding your debit card details, you must create a username or “Cashtag” and a password for the account. Your Cashtag will be unique, so you can be creative with it.

You can also use your username to purchase or receive Bitcoin. How genius is that?

Cash App lets you start Bitcoin trading once your bank account is linked with the platform.

Step 3: Verify Your Account

Following that, you need to verify your account. This is the usual KYC process all exchanges/banks have in place.

To verify, Cash App will request information, like your income and reasons for purchasing Bitcoin. To complete the verification, you must scan a government-approved ID, like your driver’s license and picture.

When uploading your picture, ensure you are in a well-lit room to get a clear image. We experienced that it took take a day or two for verification to be complete.

Step 4: Go to Buy Bitcoin

The next step is to go to the “Buy Bitcoin” page.

After opening a Cash App account and linking it to your bank, tap the [Home] tab on the bottom corner of the home screen.

You will see a menu that displays several investment options. Tap [Bitcoin], and the platform will direct you to the page to input your transaction size and details.

Step 5: Add Purchase Details

Input your purchase details.

On the Bitcoin tab, you will see where you can input the amount of BTC you want to buy. You can choose whether to pay once or set up recurring sales.

We bought $25 worth of BTC.

After selecting an amount, input your account PIN and tap on [Next]. The platform will then move you to a confirmation screen.

Step 6: Finalize the Transaction

Click [Confirm].

On the confirmation screen, you will see the summary of your transaction and any additional fees you must pay. That way, you will know your fees for each transaction. Tap confirm to complete your transaction. You don’t need a third party to withdraw Bitcoin directly to your wallet on Cash App.