How to Enable Bitcoin on Cash App
Buying Bitcoin on Cash App is simple and secure. Just tap the Bitcoin tile on your Money home screen. Enable Bitcoin On Cash App?
Sending is easy too. Just pick the recipient from your contacts or $Cashtag and plug in a value. Unlike USD transactions, cryptocurrency transfers are irreversible so double-check your address before sending.
As of my last knowledge update in January 2022, Cash App allows users to buy and sell Bitcoin within the app. To enable Bitcoin on Cash App, you can follow these general steps. Please note that the process might have changed, so it’s recommended to check for any updates in the Cash App and Bitcoin integration process:
- Download and Install Cash App: Make sure you have the Cash App installed on your mobile device. You can download it from the App Store (for iOS) or Google Play Store (for Android).
- Sign In or Create an Account: Open the Cash App and sign in with your existing account or create a new account.
- Link a Bank Account or Debit Card: To buy Bitcoin on Cash App, you’ll need to link your bank account or debit card to your Cash App account. This is to fund your Cash App balance.
- Navigate to the Bitcoin Section: Once your account is set up and linked to a payment method, look for the Bitcoin section within the app. This is typically located in the “Investing” or “Cash Card” sections.
- Buy Bitcoin: In the Bitcoin section, you should find an option to buy Bitcoin. Enter the amount you want to invest in Bitcoin and confirm the purchase.
- Security Verification: Cash App may ask you to go through additional security verifications, such as providing personal information or confirming your identity.
- Store and Manage Bitcoin: After purchasing Bitcoin, you can find it in your Cash App balance. You can manage and track your Bitcoin holdings within the app.
Verify your identity
Before you can buy or sell Bitcoin on Cash App, you must verify your identity. This process typically involves submitting a picture of your government-issued ID and verifying the information on the ID with Cash App. This step is required for compliance with KYC and AML regulations.
Once you’ve verified your identity, you can access Bitcoin on the Money home screen within Cash App. On-screen prompts help guide you through the process, augmenting your experience.
When you want to send Bitcoin, you’ll need the recipient’s wallet address, which will be displayed on the home screen. You can either scan the QR code or copy and paste the wallet address to a third-party Bitcoin wallet, such as Electrum.
Once you’ve verified your identity and created a wallet, you can start buying and selling Bitcoin on Cash App. To do so, select the “Bitcoin” tile on your Money home screen. You can then click “Buy,” enter your desired amount, and confirm with Touch ID or a PIN.
Set up a wallet address
Before you can buy and sell Bitcoin on Cash App, you must set up your wallet address. This is a process that involves verifying your identity and source of income. Once you have completed this process, your wallet address is automatically populated in the Bitcoin tile on the Money home screen.
Once your wallet is active, you can deposit Bitcoin directly to your Cash App balance. You can also use your wallet to send Bitcoin to other Cash App users.
To deposit or withdraw Bitcoin, you must verify your identity by providing a clear and legible photo ID. This process takes a few minutes to complete and is vital for ensuring the security of your funds. Cash App’s on-screen prompts guide you through this process, augmenting the user experience and making it easier to understand. You may need to re-submit your ID if it is blurry or doesn’t match the information you provided during signup.
Buy or sell
Once you’ve verified your identity, bought some Bitcoin, and set up your wallet address, you can start trading! To buy or sell Bitcoin, tap the Bitcoin tile on the Money home screen and follow the prompts. Google
To purchase Bitcoin, you’ll need to select a price and confirm your order with a PIN or biometric ID. After you’ve confirmed the order, Cash App will deposit the Bitcoin into your wallet.
To send Bitcoin to another Cash App user, tap the icon and choose “Send Bitcoin.” Enter the recipient’s wallet address and double-check the address for errors. This is a security precaution to protect you from malware or other scams. You can also scan a QR code to quickly transfer Bitcoin. Once the transaction has been processed, your wallet will display balances in both USD and Bitcoin.
Withdraw
Once you have verified your identity, bought Bitcoin and created a wallet, you can withdraw your Bitcoin to your own wallet or other cryptocurrency. From the Money home screen, select the Bitcoin tile and tap the ‘Withdraw Bitcoin’ button. This opens a modal that gives you a unique Bitcoin address, which you can paste into a self-custodial Bitcoin wallet like Electrum, for example.
Once the transaction completes, you can see the amount in USD or BTC on your Cash App home screen. Using this address, you can then transfer the Bitcoin to another wallet or buy more if you’d like. As an added measure of security, all purchases and withdrawals on Cash App use industry-standard encryption and two-factor authentication to protect your personal details. In case you run into any issues, we encourage you to contact our customer service team for assistance. They are available around the clock and will work with you to resolve any problems you may have.
