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Cash App allows users to buy Bitcoin easily through its mobile interface. You don’t need a separate wallet or crypto exchange — verify your identity, fund your account, and make your first purchase directly within the app.
Whether investing long-term or testing crypto for the first time, buying Bitcoin on Cash App takes only a few taps.
How to Buy Bitcoin on Cash App: Step-by-Step
Buying Bitcoin is a straightforward process, but each step matters to avoid errors or delays. Here’s how to do it correctly:
1. Verify Your Identity on Cash App
Before you can buy Bitcoin, you’ll need to verify your account due to U.S. KYC requirements.
Enter Personal Info: Provide your full name, date of birth, and the last four digits of your Social Security Number.
Upload a Photo ID: Use your camera to scan a government-issued ID like a passport or driver’s license.
Wait for Approval: Most users get verified within minutes, but it can take up to 48 hours during busy periods.
- The Smart Investor Tip
Ensure your ID photo is well-lit and free of glare or blur — this helps speed up approval.
2. Link a Funding Source
You must connect a payment method to fund your Bitcoin purchases.
Add a Bank Account or Debit Card: Go to the “Linked Banks” section under your profile.
Choose Instant or Standard Deposit: Debit cards allow instant purchases; banks may take 1–2 business days.
Set Up Recurring Funding (Optional): You can also automate weekly or monthly Bitcoin buys.
Keep in mind that Cash App does not currently support credit card funding for Bitcoin purchases.
3. Go to the Bitcoin Tab
Once verified and funded, you're ready to buy.
Tap the “Bitcoin” Icon: Located on the home screen, this brings you to the crypto dashboard.
Select “Buy”: This opens the amount entry screen for your Bitcoin purchase.
Choose Custom or Preset Amount: You can enter a specific amount or select from common options like $10, $50, or $100.
4. Confirm Your Purchase
Review the final details before you buy.
Review Exchange Rate and Fees: Cash App shows a real-time BTC price and any applicable service fee.
Verify Total Cost: Ensure your available balance covers both the BTC amount and any fees.
Authenticate the Transaction: Use Face ID, fingerprint, or passcode to finalize the purchase.
After confirmation, your Bitcoin is instantly available in your Cash App crypto balance.
5. Manage or Transfer Your Bitcoin
Once you own Bitcoin, you can either hold it or send it to another wallet.
View Your BTC Holdings: The Bitcoin tab shows your balance and current value.
Send to Another Wallet (Optional): You can transfer BTC externally by pasting a wallet address or scanning a QR code.
Set Up Auto-Invest: Cash App allows you to set recurring buys to dollar-cost average into Bitcoin over time.
If you're just getting started, it's perfectly fine to keep the BTC in your Cash App wallet until you're ready to explore more advanced tools.
Buying Bitcoin on Cash App: Fees and Limits
Cash App charges a small service fee for each Bitcoin purchase, which varies depending on market volatility and transaction size.
The fee is included in the final price shown before you confirm. There's also a built-in spread between the buy and sell price.
You can buy as little as $1 worth of Bitcoin, with daily purchase limits starting around $10,000. Verified users may be eligible for higher limits over time.
Things to Consider When Buying Bitcoin on Cash App
Buying Bitcoin on Cash App is simple, but there are a few key factors to consider before making your first purchase.
Volatile Pricing: Bitcoin prices can shift quickly, so constantly review the current rate and final cost before confirming.
Fees and Spreads: Cash App includes a service fee and spread in the price, which may rise during market volatility.
Purchase Limits: Daily and weekly limits apply, but you can increase them by completing full identity verification.
Storage and Transfers: Bitcoin stays in your Cash App wallet unless you manually transfer it to an external address.
Supported Payment Methods: You can use a debit card or linked bank account, but not a credit card for Bitcoin purchases.
FAQ
Yes, once your account is verified and linked to a payment method, you can purchase Bitcoin instantly with just a few taps.
No, you don’t need the physical Cash Card. You just need a verified Cash App account and a linked funding source.
Yes, you can set up recurring buys daily, weekly, or biweekly using the “Auto-Invest” feature in the Bitcoin section.
Yes, you can start with as little as $1, making it accessible even for small investors or first-time buyers.
Cash App accepts linked debit cards or bank accounts. Credit cards are not supported for Bitcoin purchases.
Yes, you can use funds in your Cash App balance to buy Bitcoin, as long as it covers the purchase and any associated fees.
Currently, Cash App only supports Bitcoin. It does not allow you to purchase Ethereum or other altcoins.
Bitcoin purchases appear in your Cash App crypto balance almost instantly after the transaction is confirmed.
Yes, after verification, you can send Bitcoin to external wallets by pasting an address or scanning a QR code.
Some accounts may experience a short holding period for security reasons, especially after large or first-time purchases.
No tax is charged at purchase, but your transaction may result in a capital gain or loss, which must be reported to the IRS.
