If you are already using Cash App and have taken a walk on its homepage, then you might know that it is a platform where you can buy Bitcoin too. Those users who have landed on this page can call themselves lucky enough because this guide contains all the relevant details for buying BTC over Cash App. Well, Cash App Bitcoin is not a new thing that the platform has started to offer its users but came into existence when Cash App was first developed. On Cash App, you can not only make process peer-to-peer transactions but also invest in stocks and trade with Bitcoin.
Therefore, in this tutorial, we shall walk you through a complete and simple process to buy Bitcoin Cash App for the first time.
How does Bitcoin work on Cash App?
Just like any other exchange platform available to trade with BTC, Cash App also allows its users to buy and send Bitcoin over its platform. It is completely a safe affair to invest in Bitcoin or Stock on Cash App. To start investing, you simply need to go to the “Investment” tab and complete the required steps. But, before you do that, you should check the Cash App Bitcoin fees.
Method to buy Bitcoin on Cash App
For quickly completing the Cash App Bitcoin buying process, refer to this section:
Install the Cash App Application on your device
Launch it and log in to your Cash App account
Now, deposit money to your Cash App wallet to buy Bitcoin on Cash App
After that, you should navigate to the “Investing” tab on the homepage
From the given menu, tap on “Bitcoin”
Then, select the option that says “Buy”
Now, enter the amount for which you want to buy BTC
Furthermore, you will be asked to enter your Cash PIN to verify your transaction
This would complete your transaction within seconds
If prompted, you should allow your device’s location access to Cash App
This is how to buy Bitcoin on Cash App. Next up, we shall learn about the fee which will be required to complete the Cash App Bitcoin buying process.
What is the fee to buy Bitcoin on Cash App?
Earlier, there weren’t any Cash App Bitcoin fees for the users but now the users are charged a small transaction fee to buy Bitcoin on Cash App. When a user buys Bitcoin over this platform, he is charged a transactional fee which is usually 1.76 percent of your purchase. As soon as you make the purchase, the purchased Bitcoin will be transferred to your account instantly.
Is it safe buying Bitcoin on Cash App?
All users are concerned about their safety whenever they think of buying Bitcoin on any platform. The same happens to them when they think of buying Cash App Bitcoin. Well, Cash App is a highly secured platform that allows you to process your transactions quickly and safely. Since this platform is owned and operated by Square Inc., therefore, you need not get so much concerned about your safety. While making any transaction over Cash App, you are required to enter your Cash PIN which makes it even more secure to invest in Bitcoin.
How to send Bitcoin on Cash App?
If you hold some Bitcoin in your Cash App wallet and you want to transfer these Bitcoins to someone, then you can follow the quick steps that are given below:
Launch the home screen of the Cash App on your device
After that, you should click on the “Investing” tab
Next up, click on the “Bitcoin” option
Followed by this, tap on the “Airplane” button
Now, choose the “Send Bitcoin” option
Enter the number of Bitcoin you wish to send
Followed by this, choose the $Cashtag of the recipient
When prompted, enter your Cash App PIN
By the end of this article, you will be able to understand how easy it is to buy Cash App Bitcoin. It is as simple as sending or requesting from a Cash App Login user. As soon as you navigate to the official website of Cash App, you will find it quite easy to use its “Investment” menu and other features. If you found this post helpful, you can bookmark it for future reference.
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