The crypto craze has found its way onto some interesting platforms, including mobile payment services like PayPal and the Cash App. Each makes purchasing crypto easy, and if you want to buy Bitcoin on Cash App, you can do so by following these simple steps.
What Is the Cash App?
Cash App is a mobile payment company similar to PayPal or Venmo. It allows users to quickly transfer money to each other, but it is also used as a form of payment online. The company was known as Square Cash before expanding.
Bitcoin trading was added in 2018, well before PayPal added BTC and Etherium to their service. While BTC is only available to users over the age of 18, the Cash App is kid-friendly as long as a parent or guardian signs on.
This allows younger people to invest in crypto or send money as needed, while also dabbling in the stock market. That’s another perk of the Cash App, which puts it in a league with Robinhood and other hybrid platforms. The steps below outline the process of buying Bitcoin on the Cash App.
Step 1: Open the Cash App
On your mobile device, locate the Cash App icon and tap it to open up the app. If you aren’t logged in already, follow the prompts and enter your PIN code to proceed
Step 2: Select Money
With the app open, you may see a screen that shows your balance in the app. Across the bottom, there is a row of icons. Click on the far left icon as shown to open the Money section of the app.
Step 3: Choose Bitcoin
From this section, you need to locate Bitcoin. It should be in the area under Cash Balance. Choose Buy Bitcoin and a new window will open.
Step 4: Select the Amount
The Bitcoin section of the Cash App provides some current news on the token along with a historical chart. To buy Bitcoin on the Cash App, choose Buy and then select an amount.
You’ll want to make sure it says “One Time Order” unless you plan to make this a recurring purchase. If that’s the case, tap on the drop-down menu to set the frequency of your investment. Once you are satisfied with your selection, choose Next.
Step 5: Confirm Your Purchase
Once you’ve chosen Next, you’ll receive a prompt asking you to enter your Cash App PIN. Once successfully entered, you’ll see a screen similar to the one below. Choose Confirm to complete your transaction and send BTC to your Cash App account.
Using Cash App on the Web
Despite its name, the Cash “App” is something you can use from a website. While you can’t buy Bitcoin on Cash App through the web at the moment, you can access and alter some things in your account.
Logging into the Cash App from the web takes you to your Activity Screen. A row of options on the left side allows you to navigate the site and access two new sections with Cash Card and Settings. If you have the Cash App Cash Card, you can check on it here along with the limits on your account.
In the Settings section, you can dive deep into your account. From here, you can add or change a photo, set up notifications or adjust some account settings. You can turn incoming requests for money on or off, and change the PIN to your account.
You can also remove a payment method or change your information, including your CashTag name within the app. The options are sparse compared to the mobile app, but you can request or send money on the web. To do this, you simply need to select the New button and fill in the sections.
The Cash App makes buying Bitcoin a breeze, and we expect more tokens to find their way to the platform in the future. If you’re new to the world of mobile payment services, check out our Venmo vs. Cash App comparison to see how these top services stack up.