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Cash App Bitcoin Guide: How to Buy, Sell & Receive (2021)

cash-app-bitcoin-featured

Are you here to find out how to buy Bitcoin on Cash App?

You’re in the right place!

In this article, we’re going to provide guidance on:

Yes, there are many Cash App Bitcoin functionalities within their simple-to-use app and it’s hella convenient.

No, you don’t need to know how to do it all.

Let us walk you through it!

How Does Cash App Work with Bitcoin?

Bitcoin is a cryptocurrency that was first developed in 2009 and has been around ever since.

It’s not only one of the most popular digital currencies out there, but it also happens to be the best-known as well!

How does Cash App factor in?

bitcoin cash app

With Bitcoin Cash App you can deposit cash into your account just by scanning their QR code or using an NFC terminal with nothing more than your phone camera enabled on capture mode.

Because this app doesn’t charge fees for making transfers between friends and family members, it might seem like something worth checking out if you’re interested in finding someone who will help make such transactions easy along with free from any pesky charges too.

How to Buy Bitcoin on Cash App

Bitcoin is a digital currency that has all of the features you need to make transactions, including final value transfers.

That means no matter how much money you send or receive, it will be exactly what you wanted!

To buy Bitcoin on Cash App, you’ll first want to open the Cash App on your device.

Next, you follow a few simple steps and you’re all set:

  1. Tap on the investing tab on the Cash App home screen
  2. Tap ‘Bitcoin’
  3. Tap ‘Buy’
  4. Select an amount or enter a custom amount
  5. Enter your PIN & tap ‘confirm’

What are the requirements for purchasing Bitcoin on Cash App?

There are only a couple of small requirements, which is why this method is becoming so popular.

It’s easy!

Purchasing Bitcoin requires a balance in your Cash App, so be sure to check that beforehand.

Some users may also need to enter some geographical information depending on your location and your purchase.

How Do I Earn a Cash App Bitcoin Boost?

Earn Bitcoin with every purchase!

Boosts can be found in the carousel and work just like normal boosts, but you’ll earn bitcoin instead.

cash app money

Bitcoin Boosts make it easier to get your hands on Bitcoin, and when you purchase with Cash Card, the process is even faster.

When you select a Bitcoin Boost or any other type of boost for that matter, they’ll automatically place some Bitcoin into your account balance so you can use them quickly as well!

Another great thing?

There are NO FEES on Bitcoin Boosts at all.

To add a Bitcoin Boost:

  1. Tap on the Cash Card tab on the Cash App home screen
  2. Tap ‘Save with Boost’
  3. Select a Boost
  4. Tap ‘Add Boost’

It’s as simple as that!

Selling Bitcoin on Cash App

To sell Bitcoin on Cash App, you need to follow a similar process.

To do this, you’ll need to follow these simple steps:

  1. Tap on the investing tab on your Cash App home screen
  2. Tap ‘Bitcoin’
  3. Tap ‘Sell’
  4. Choose how much Bitcoin you would like to sell. Your local currency will also be shown, displaying how much cash you’ll receive for selling that amount.

Cash App Bitcoin Review

Cash App Bitcoin is one of the most popular, easy-to-use apps for sending and receiving money.

With just a few taps on your phone screen, you can send or receive any amount to anyone with an email address.

You won’t need cash anymore!

Tapping into Bitcoin functionality with Cash App is a great way to buy, sell, and receive Bitcoin no matter how fluent you are with this popular cryptocurrency.

cash app bitcoin features

Cash App is available in the United States and has been since 2017.

Whether or not you’re a resident of the States, how can you ignore how easy it is to use an app for your informational currency needs?

If you’re looking for a deeper dive on everything this handy app can do for you, be sure to check out our review of Cash App as well.

Why Should I Use Cash App to Purchase Bitcoin Instead of a Different App or Service?

You might be wondering why you should use Cash App to purchase bitcoin instead of a different app or service similar to Cash App.

It’s easy!

It’s specifically built for people like us who don’t want all the fuss that comes with other apps out there (including Coinbase).

With our friends at Cash App making sure your transactions are secure, we’re able to make buying Bitcoin as simple as sending a text!

How Can I Check on My Bitcoin Through Cash App?

Here’s how to view your Bitcoin limits in Cash App:

  1. Tap on the banking tab on the Cash App home screen
  2. Tap ‘Bitcoin’
  3. Scroll down to the ‘Bitcoin Limits’ section
  4. For iOS users: tap ‘View Limits Progress’

Easy peasy.

Cash App & Bitcoin FAQs

Will I need to pay taxes if I sell some of my Bitcoin?

Possibly, but it really depends on your personal tax situation. Cash App will send you a Form 1099-B for you to file with your usual tax returns and go from there. [1]

How does Cash App handle security with Bitcoin?

This is what Cash App has to say about their security when it comes to their cryptocurrency capabilities: “Cash App is PCI Data Security Standard (PCI-DSS) Level 1 compliant. Your payment information is encrypted and sent securely to our servers whether you’re using public or private Wi-Fi or a data service such as 3G, 4G and EDGE.” [2]

If you’d like more of an overview of these security features, check out our article on Cash App safety for reassurance.

What are the limits on withdrawing and depositing Bitcoin?

The withdrawal minimum is 0.001 Bitcoin, and the deposit maximum is $10,000 worth of Bitcoin within a 7-day period. [3]

Resources

  1. Bitcoin & Security (opens in a new tab)” href=”https://cash.app/help/us/en-us/3105-bitcoin-security” target=”_blank” rel=”noreferrer noopener” class=”ek-link”>Cash App Help Page > Bitcoin & Security
  2. Bitcoin Withdrawals (opens in a new tab)” rel=”noreferrer noopener” class=”ek-link”>Cash App Help Page > Bitcoin Withdrawals