Cryptocurrencies

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how to purchase bitcoin on cash app

To purchase Bitcoin on Cash App, create an account or log in, verify your identity, link a funding source, navigate to the Bitcoin tab, enter the amount, confirm the details, and complete the purchase.

Oct 05, 2024 at 10:00 am

How to Purchase Bitcoin on Cash App

1. Create or Log into Cash App

Download the Cash App on your mobile device.
Create an account or log in to your existing account.

2. Verify your Identity

Follow the in-app prompts to provide your personal information and upload your government-issued ID.
Cash App requires this to comply with anti-money laundering regulations.

3. Link a Funding Source

Connect your bank account or debit card to Cash App.
This will allow you to transfer funds from your bank account to purchase Bitcoin.

4. Navigate to the Bitcoin Tab

Tap the "Investing" tab at the bottom of the app screen.
Select "Bitcoin."

5. Enter the Amount and Confirm

Enter the amount of Bitcoin you wish to purchase in US dollars.
Review the details of your order, including the price per Bitcoin and estimated fee.
Tap "Preview Buy" to confirm your purchase.

6. Complete the Purchase

If this is your first time purchasing Bitcoin on Cash App, you will be asked for additional information.
Once all information is entered, tap "Confirm Buy."
Cash App will process your purchase and add the Bitcoin to your Bitcoin balance in the app.

Additional Tips:

Cash App charges a spread (difference between buy and sell prices) of around 2%.
The minimum purchase amount is $1.
You can store your Bitcoin in the Cash App wallet or withdraw it to an external wallet.
It is recommended to research Bitcoin and the cryptocurrency market thoroughly before making a purchase.

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