All you need is a device with CashApp installed, and you’re ready to start buying Bitcoin.
Table of Contents
ToggleHow to Buy Bitcoin with CashApp: Step-by-Step Guide
- Download CashApp
Visit the Google Play Store or Apple App Store and search for Cash App. Once found, download and install it. - Sign Up
Open the app and sign up using your email address or phone number. - Link Your Payment Method
Add a debit card or bank account to your Cash App for funding your Bitcoin purchase. - Set Up Your Profile
Enter your first and last name, then choose a unique Cashtag (your username) to receive funds. You’ll also be given a referral code that you can share to earn a bonus when others sign up. - Enter Your Address Details
Provide your address to complete your profile. - Add Funds to Your Account
To buy Bitcoin, you must add funds. Go to the home screen, select “Add Cash,” and choose the amount to add. Confirm your identity with your name, Social Security number, birth date, and home address. - Enable Bitcoin Purchases
On the home screen, select “Deposits & Transfers” and enable Bitcoin withdrawals and deposits. You’ll be asked to provide additional details such as your email address, income, employment, and reasons for purchasing Bitcoin. - Verify Your Identity
To verify your identity, you’ll need to scan both sides of a state-issued ID or driver’s license, followed by a clear selfie in a well-lit area. Identity verification can take up to 48 hours. - Buy Bitcoin
Once verified, go to the “Investing” section, select Bitcoin, and review the price chart. Tap “Buy” to proceed. Choose a one-time or recurring purchase, then confirm your transaction by reviewing the order overview. - Complete the Transaction
Tap “Confirm” to finalize your Bitcoin purchase. You can view your Bitcoin balance in the Home tab. - Deposit or Withdraw Bitcoin
To deposit or withdraw Bitcoin, use your wallet address displayed in the app. You can withdraw to a personal wallet or directly to the address provided by us—no third party required, giving you full control.
Fees for Buying Bitcoin on CashApp
Be aware that Cash App charges a fee when buying or selling Bitcoin. This fee is displayed before confirming the transaction, giving you the option to accept or decline. There are two types of fees:
- Service Fee: A standard fee for transactions.
- Volatility Fee: An additional fee based on Bitcoin price fluctuations across U.S. exchanges.
By following these steps, you can easily buy Bitcoin using Cash App, ensuring a smooth and secure transaction process.