How to Buy and Sell Bitcoin on Cash App? Read Full Details
Written by: Cashapp
In recent years the popularity of Bitcoin has exploded like never before. At the same time, the cases of scams and frauds have also exploded like never before. That's why many people are afraid of buying their first Bitcoin. But, you don't need to worry, gladly, today we have many advanced apps to buy and sell Bitcoin. One such certified app is Square Cash App. Yes, I am talking about your personal payment app that you use in your everyday life. Definitely, Cash App is not just a simple payment app; you can do more with Cash App payment app. You can buy Bitcoin with Cash App. To help you understand how to buy Bitcoin on Cash App, I am going to answer some of the commonly asked questions.
Also, I will explain to you how to sell Bitcoin on Cash App. That's not all, if you wish you can contact us to buy Bitcoin with Cash App and send it to another wallet. But first - Is Cash App a good place to buy Bitcoin? Yes, why not?
Be informed that Cash App is PCI data security (PCI-DSS) data security level 1 compliant. In addition to that, Cash App has advanced level of encryption feature. It means, full security from all kinds of digital threats is for sure. Now let's move on to our next question:
How to buy Bitcoin on Cash App and send to another wallet?
Millions of people prefer a Cash App to buy Bitcoin. Do you know why? Because they don't want to risk their money. If you also want to buy and store Bitcoin with 100% security then Square Cash App must be your first choice. These are steps to follow to purchase BTC with Cash App and send to any other wallet:
- Open Cash App mobile application.
- From the bottom side of the home screen, select the twisted line icon.
- Now simply tap Bitcoin.
- After that tap buy.
- Now either select the amount or tap the three dots icon to enter a custom amount.
- Finally to buy Bitcoin on Cash App, enter your Cash App PIN.
- Now go to your balance screen and move down.
- Select Bitcoin and tap the send button.
- Now scan the wallet address of another app to which you want to send your Bitcoin.
How to buy Bitcoin on Cash App without verification?
Cash App insists on two types of verification. One is identity verification for sending and receiving limits. And second is Cash App Bitcoin verification for sending and receiving Bitcoin to and from other Bitcoin wallets. So, it means, there is no verification for selling and buying Bitcoin on Cash App. Does it mean one can buy and sell unlimited Bitcoin on Cash App without verification? Answer is No.
Though on Cash App there is no requirement of any kind of verification for selling and buying BTC. But, until and unless you verify your identity on the Cash App, you can't spend more than $250 in a week. So, it means, you can't invest more than $250 in BTC. In short, we can say without verification, you can buy some fraction of your Bitcoin without verification on Cash App. If you want to buy more Bitcoin then you need to confirm your identity and increase your Cash App spending limit up to $7500 per week.
How to buy Bitcoin on Cash App under 18?
Let's put first thing first- kids and minors under 18 are not allowed to use Cash App. It means under 18 children can't set up their account on Cash App. It further means they can't send or receive money. That's why it is safe to consider that minors under 18 can't buy or sell Bitcoin on Cash App.
How to purchase Bitcoin on Cash App without debit card?
Note that there are three methods to add a payment method to Cash App. One is a direct bank account through online login. Second is debit card and third is credit card. So, the idea here is to use your bank account to buy Bitcoin without a debit card. And if you don't have money then a credit card comes to help you. Yes, you can buy Bitcoin with a credit card as well.
How much does it cost to sell Bitcoin on Cash App?
Does Cash App charge fee for Bitcoin? Answer is yes. Square Cash App charges two types of small fees. One is service fee and second is additional fee. Both Cash App Bitcoin fees are not fixed and determined by the market trend. At the time of buying or selling Bitcoin on Cash App, both fees will be visible to you.
How to sell Bitcoin on Cash App?
As you have learned how to buy Bitcoin with Cash App in the last section, now let's move on to our next question. How to sell Bitcoin on Cash App? You will be glad to know that it is too simple. All you need is just tap a few buttons on the Cash App and sell off your BTC in no time. These are the steps:
- Tap the twisted line icon and get into the Cash App investing section.
- Press the sell button and select an amount.
- Lastly but most importantly, enter your Cash App PIN or scan your touch id.