How to Buy Bitcoin on Cash App in Five Simple Steps?
Cash App as a payment app is quite popular among family members & friends. But, what if I tell you, Cash App is getting popular among Bitcoin lovers as well with each passing day. Do you know why? Because Cash App lets the users buy and sell Bitcoin with ease of mind. The fact is, not only Bitcoin but also you can buy and sell stocks as well. So, in short, you can think of a Cash App as an investing app. However, there are many apps available through which you can buy Bitcoin. But, I can bet in terms of simplicity and user-friendliness, Cash App tops the list. If you don't believe, read this post and learn how to buy Bitcoin on Cash App in five simple steps.
That's not all, in this post, you will also get to know the simple steps to follow to sell bitcoin on Cash App. To help you understand everything about the Cash App Bitcoin wallet, I will also give a quick description about how to enable Bitcoin withdrawal on Cash App. So, let's get straight to the point without any delay.
How to buy Bitcoin on Cash App 2021?
Like many other Cash App users, some of you might also have been thinking that one will require to verify Bitcoin on Cash App for starting BTC trading. Interestingly, it is not true. You will be glad to know that anyone who uses Cash App can easily buy BTC hassle-freely. Though verification is required to enable Bitcoin withdrawal on Cash App. We will discuss it later in this post. First, let's check out how to buy Bitcoin with Cash App on phone.
Open Cash App on your phone & tap the investing icon ( a twisted line).
Now select Bitcoin and then tap buy.
The next screen will open up showing you the current rate of BTC.
Enter the amount you wish to purchase BTC and then again press the buy button.
Finally, scan your finger to confirm your identity.
Are you unable to purchase Bitcoin at this time on Cash App? Fix it now!
This section is for those people who are wondering why they can't buy Bitcoin on Cash App. Let me answer this question. Note that Cash App comes with a bitcoin purchase limit. And when someone crosses the limit he/she ends with failure to purchase Bitcoin on Cash App. Be informed that Cash App lets the users buy BTC worth $100,000 in a week. Also, remember that it is important to have balance in the Cash App wallet in order to purchase BTC seamlessly. Cash App might also ask you to enter your geographical information. If you keep in mind all this information, you will not have an issue. For any kind of assistance, you can get in touch with us.
How to sell Bitcoin on Cash App?
Of course, you can sell Bitcoin on Cash App in a totally effortless manner. These are the steps to follow after Cash App login
Press the investing tab available at the home screen.
Select the Bitcoin from the menu.
Now select the sell button.
Here comes a screen where you can check out the current rate of Bitcoin.
If you agree with the current rate, enter the amount (equal to the worth of BTC) you want to sell.
Finally, scan your finger or enter your PIN to confirm your identity and validate the transaction.
Can you send bitcoin from Cash App to any other BTC app?
The best part of Cash App bitcoin is that you can withdraw BTC from Cash App hassle-freely. And to do so, the first thing you have to do is to enable Bitcoin withdrawal. This is a one time process which everyone has to follow in order to be eligible for sending BTC from the Cash App to any other BTC app such as Coinbase & Binance etc.
There is one sad truth. And that is you can't receive Bitcoin on Cash App from any other app. With that being said, I mean, you can't send Bitcoin from Coinbase or any other app to Cash App. Why? Because Cash App does not have its own Bitcoin wallet address and without a BTC wallet address, you can't receive BTC on your Cash App payment app.
Undoubtedly, after reading today's post: How to buy Bitcoin on Cash App, we can reach to a conclusion that the idea of Bitcoin trading on Cash App can be best for those guys who are not professional Bitcoin traders. But, people who are into the profession of selling and buying BTC, Cash App can't be the best choice for them.