What App To Use To Buy Bitcoin

Learning how to buy Bitcoin on Cash App is something many aspiring traders are starting to do. The application was already widely used for cash purposes, but now you can buy Bitcoin on the Cash App, which significantly increases digital asset accessibility.

If you're trying to get involved, this guide will show you How to Buy Bitcoin With Cash App, as well as what you can do with the assets after your purchase.

In this Guide:

How to Buy Bitcoin on Cash App Instantly?
How Much Bitcoin Can I Buy on Cash App?
How do you Use Bitcoin on Cash App?
Can you Convert Bitcoin to Cash on Cash App?
Is it Safe to buy Bitcoin on Cash App?
How do I Convert Bitcoins to Cash?
Conclusion

How to Buy Bitcoin on Cash App Instantly?

Buying Bitcoin on Cash App is an instant transaction! However, there are a few ways you can choose to do so.
To start, you can make custom orders based on your market predictions.

For example, you can set an order for $10,000 lower than the asset's current price, having Cash App automatically make the investment at that time. This way, you'll never miss out on any changes.

Otherwise, you can set limit orders. Say that you learned How to Buy Bitcoin on Cash App and bought in at $30,000. You don't want to lose those funds based on volatility, correct? So you can set a limit order at, say, $29,000. Now if the price drops a little below $30,000, you still hold your investment. But if it starts to drop hard, you can minimize your losses by having the app sell at that time.

AutomatiC Recurrent Bitcoin Buying on Cash App — Source: Twitter

Finally, you can set up an auto-invest within the application. This is where you establish a set amount of funds to purchase Bitcoin at intervals. Your options are daily intervals, weekly intervals, or every two weeks. There is a minimum of $10 to do this, though.

How Much Bitcoin Can I Buy on Cash App?

You can buy as little or as much Bitcoin as you want on Cash App. Starting small is a good way to get used to investing and to learn how to participate in the industry.

How do you Use Bitcoin on Cash App?

On your path to understanding how to use your Cash App to buy BTC, you can do various things with the assets in your wallet. While holding Bitcoin, you can choose to send it to other users via their $Cashtag or username. This is free and instant.

Here's how to do so:

Head to the Banking Tab on the Cash App home screen.
Select Bitcoin.
Top on Send Bitcoin.
Input a $Cashtag and an amount to send.

(Unfortunately, we cannot include step screenshots due to a Cash App security feature.)

You can also send your Cash App Bitcoin to an external wallet you or someone else owns. This requires an external wallet address, however, and will take some time to finish. The Cash App website states around two hours for an external transaction.

If you're just looking to invest in Bitcoin on Cash App you can easily buy the asset with cash via a linked bank account or debit/credit card. However, note that there are a few limits the application sets:

$100,000 weekly purchase limit.
$10,000 cash deposit in Bitcoin per week.
$2,000 daily withdrawal limit.
$5,000 weekly withdrawal limit.
Selling Bitcoin has no limits.

It's also worth noting that Cash App may charge transaction fees for buying and selling Bitcoin. Keep that in mind before you make a purchase.

On top of this, you must verify your identity in various steps to move around Bitcoin on Cash App.

This process requires part of your social security number, scans of your ID or driver's license, a photo of yourself, and information regarding your workplace. If you're not comfortable providing that information, Cash App might not be the right platform for you.

Moreover, you can choose to set Bitcoin price notifications whenever the price shifts 5% either way. That, and if you make purchases with the Cash App Cash Card, you can earn Bitcoin deposited right into your account.

Can you Convert Bitcoin to Cash on Cash App?

Yes! Any time you sell your Cash App Bitcoin you're converting the digital asset to USD. Note that this may cost a fee, however.

Is it Safe to buy Bitcoin on Cash App?

It is safe to buy Bitcoin on Cash App. The application isn't built by some unknown company in an undisclosed location. The platform is proudly developed by Twitter CEO Jack Dorsey, who is a massive proponent of cryptocurrencies like Bitcoin.

While the app isn't unhackable (no application is), you can rest assured that purchases within Cash App are never a scam. What you do with your Bitcoin on Cash App, however, is entirely up to you.

How do I Convert Bitcoins to Cash?

You now know how to purchase BTC using Cash App. However, you'll want to sell your cryptocurrency down the line. Fortunately, the process of doing so is quite easy:

Head to the Investing part of Cash App.
Select Bitcoin.
Click the Sell button.
Enter your amount or choose from one of the presets.
Confirm the sell.

That's it! Now you have cash in place of your Bitcoin. That cash can be placed in your bank account or held in the application. Cash App allows you to automatically cash out whenever you receive cash. Otherwise, you can choose to do a standard withdrawal, which is free and takes 1-3 business days. There's also the Instant withdrawal option, which costs a 1% fee.

Conclusion

Now you've learned how to use the Cash App to purchase Bitcoin. Congratulations! This is one of the most accessible ways to start investing in the digital asset. Good luck trading out there, and keep your funds safe!

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