How to Buy Bitcoin on CashApp
Buy Bitcoin via CashApp
- Launch the app on your smart device, and select the “Investing” option in the bottom menu (with the icon of a rising curve)
- When you go through with step 1, two options will show on the screen; one says ‘Buy Stocks’ and the other says ‘Bitcoin’. Tap on the Bitcoin option and it will show your in-app BTC wallet. It should be empty if you’ve never used the app to buy some.
- Next, select “Buy” on the screen and select the amount of BTC you want to buy. If you want to buy a particular amount not on that list, you will have to tap on the three dots icon at the down-right corner, and enter the specific amount you want to purchase then select “Next”.
- A new screen will pop up, having the important transaction information, the amount of BTC you want to buy, real-time value, commission fees, etc. If the information showing is alright, then select “Confirm”. You’re all done!
The app supports a large array of credit cards and government/bank-issued prepaid cards, but it does not support making direct deposits from the app to these cards.
Send BTC via CashApp
Following these easy steps, you can send out your in-app holdings to your personal, external address or any other.
- Launch the app on your smart device, and go through the steps to get to the Bitcoin wallet screen.
- Select “Withdraw”
- Using your device Camera, scan the QR code of the receiving wallet or Select the option “Use wallet address”, to input one by yourself.
- Confirm that you are the one making the transaction, using whatever security method you previously setup, and Voila!
Note: To be eligible for withdrawal or transfrer, you mist have a minimum of 0.001 BTC in your possession, on the in-app wallet. Within the space of 24 hours, you can only transfer BTC worth a maximum of $2000, and a maximum of $5000 within a week – 7 days – (These numbers might go up in the future).
Transfers from your in-app wallet to a different one might take up to 45 minutes to reflect.