how to buy crypto with cashapp

With a few simple steps, you can purchase cryptocurrencies like Bitcoin and Ethereum on Cash App, using funds from your Cash App balance or linked bank account.

Feb 03, 2025 at 01:37 am

Step-by-Step Guide to Buying Crypto on Cash App

Key Points:

• Cash App supports the purchase of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dogecoin.
• Cryptocurrency purchases can be made using USD funds from your Cash App balance or linked bank account.
• The process of buying crypto on Cash App is simple and straightforward, involving a few easy steps.

Step 1: Create a Cash App Account

• Download the Cash App from the App Store (iOS) or Google Play Store (Android).
• Sign up for a free account by providing your email address, phone number, and basic personal information.
• Verify your identity by submitting a government-issued ID (e.g., driver's license, passport).

Step 2: Fund Your Cash App Balance

• Add USD funds to your Cash App balance using a linked bank account, debit card, or Apple Pay.
• The minimum funding amount may vary depending on your bank or payment method.
• Ensure that you have sufficient funds to cover the crypto purchase amount and any associated fees.

Step 3: Open a Bitcoin Tab

• On the Cash App home screen, tap the "Bitcoin" tab located at the bottom of the app.
• If you don't see the Bitcoin tab, tap on "My Cash" at the top of the screen and then select "Buy Bitcoin."

Step 4: Input Purchase Amount

• Enter the amount of crypto you wish to purchase in USD.
• You can use the up/down arrows to adjust the amount or tap "All" to purchase all of your available balance.

Step 5: Review Transaction Details

• Confirm the purchase amount, the price of the crypto, and the estimated arrival time of your crypto.
• Review the fees associated with the transaction and ensure that you are comfortable with the total cost.

Step 6: Confirm Purchase

• Tap on "Buy" to confirm the transaction.
• Cash App may require additional verification, such as a text message code, for security purposes.
• Once confirmed, your crypto purchase will be processed and the crypto will be added to your Cash App balance.

Step 7: Monitor Purchase Status

• The purchase status can be tracked through the "History" tab on the Cash App home screen.
• Transactions typically settle within a few minutes, but may take longer during periods of high network traffic.
• Once the transaction is complete, your crypto will be available for viewing and management within the Cash App.

FAQs

Q: What fees are associated with crypto purchases on Cash App?

A: Cash App charges a spread fee on all crypto transactions, which varies depending on market conditions and the crypto being purchased. Additionally, there may be network fees associated with the underlying blockchain technology.

Q: Can I buy fractions of crypto on Cash App?

A: Yes, Cash App allows you to purchase fractional amounts of crypto, allowing you to invest smaller amounts of money.

Q: How do I sell crypto on Cash App?

A: To sell crypto on Cash App, navigate to the "Bitcoin" tab, select "Withdraw," and choose the amount you wish to sell. Cash App will convert the crypto to USD and transfer the funds to your linked bank account.

Q: Is it safe to store crypto on Cash App?

A: While Cash App provides industry-standard security measures, it is important to remember that all cryptocurrency exchanges and storage options carry some level of risk. For long-term storage or storing large amounts of crypto, consider using a hardware wallet or other dedicated crypto storage solution.