If you’re a US resident or from other countries, Square’s Cash app has probably been the easiest way for newcomers to enter the crypto market and buy bitcoin. Here Cash App was launched in 2013 as a peer-to-peer mobile payment service. And it is still being used in 2021 as well.
Cash app allows its user to send and receive money using a credit card or bank account. Thereby allowing all users to pay bills, buy goods, invest in stocks and buy and sell bitcoins since 2018. Here’s what some beginners will need to know about how to buy bitcoin with the Cash app. So you can refer to the guide on how to buy bitcoin with the cash app.
Who can buy Bitcoin with the Cash App?
In order to be eligible to purchase virtual currency on the Cash App, users are required to possess certain eligibility.
- The user must be a resident of the United States.
- Be an individual person, not an entity, by using the Service for personal use.
- Must be at least 18 years old to use the Service.
- You can use the Services in the United States.
Note: – For certain transfers of virtual currency or government-issued currency, “You may be required to provide certain personal information to Square in accordance with the Virtual Currency on Cash App Terms and Conditions.
Including your name, address, telephone number, mobile number, e-mail address, date of birth, taxpayer identification number, government identification number, and information about your bank account (eg, financial institution, account type, routing number and account number), source of funds and employment would be required.
How to buy Bitcoin with the Cash App?
To buy bitcoin with Cash app, you can buy bitcoin from the Cash app in simple steps by following these steps:
- First of all, open the Cash App on your devices.
- To create your account and Enter your email address or your phone number to sign up.
- Click on the Bitcoin option on your Cash App home screen.
- Then tap Buy BTC.
- After that choose an amount and tap to enter an amount, and confirm the transaction,
- After that, you have to enter your PIN and select “Verify”.
Note:- Here the user needs to have a balance available in your Cash App to buy bitcoins. You may also need to enter additional geographic information.
Alternatives to Cash App for Buying Bitcoin
Everyone knows that Cash App is an amazing platform and it allows you to buy bitcoin, but if there are a lot of users who might not like it because of its drawbacks. So, you can go for the Cash App option to buy bitcoins.
Gemini is one of your other options. This app goes a long way in creating crypto products to sell, buy and store your bitcoin or other currency.
This allows you to buy cryptocurrencies immediately and use them to understand the market and start investing. In addition, it is easy to use and has a great interface. Other options include CoinBase, Webull, and BlockFi.
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