How to Buy Bitcoin on Cash App

Quick answer: To buy Bitcoin on Cash App, you need to set up your account, verify your identity, add funds, and then purchase Bitcoin through the app’s simple interface.

Before you start

• Download and install the Cash App.
• Have a valid government-issued ID ready for verification.
• Link a funding source like a bank account or debit card.
• Ensure you have sufficient funds to cover your Bitcoin purchase and any fees.

How to Buy Bitcoin on Cash App: step by step

1. Download and install Cash App

If you haven’t already, download the Cash App from the App Store or Google Play Store and install it on your mobile device.

2. Create and verify your account

Open the app and create an account by entering your email address or phone number. Follow the prompts to verify your identity using your full name, date of birth, and the last four digits of your Social Security number.

3. Link a funding source

Tap the ‘Banking’ tab on the home screen and link your bank account or debit card to fund your Bitcoin purchase. Follow the instructions to complete the linking process.

4. Navigate to the Bitcoin section

On the home screen, tap the ‘Bitcoin’ icon, which looks like a small ‘B’ with an orange background. This will take you to the Bitcoin trading section of the app.

5. Buy Bitcoin

Tap the ‘Buy’ button in the Bitcoin section. Enter the amount of Bitcoin you want to purchase or the amount of money you want to spend. Review the details and confirm your purchase.

6. Confirm the transaction

Review the transaction details, including the amount of Bitcoin and the total cost. If everything is correct, confirm the transaction by entering your Cash App PIN or using your phone’s biometric authentication.

7. Monitor your Bitcoin balance

After the transaction is complete, you can view your Bitcoin balance by tapping the ‘Bitcoin’ tab on the home screen. Your Bitcoin will be stored in your Cash App wallet.

Fees and how long it takes

Fees for buying Bitcoin on Cash App can vary based on market conditions and the size of your transaction. Typically, fees are a percentage of the transaction amount. The time it takes for the Bitcoin to appear in your account can also vary, but it usually completes within minutes.

Delays can occur if there are issues with your funding source or if the Bitcoin network is experiencing high traffic.

Stay safe

• Double-check the Bitcoin address before confirming the transaction.
• Be aware of phishing attempts; always use the official Cash App.
• Keep your device secure and updated to protect your Bitcoin wallet.
• Understand that Bitcoin transactions are irreversible; ensure accuracy before confirming.
• Consider starting with a small test transaction to familiarize yourself with the process.

If something goes wrong

Transaction failed — Check your funding source for issues or insufficient funds. Try again later if the Bitcoin network is congested.

Bitcoin not appearing in wallet — Wait a few minutes and refresh the app. If the issue persists, contact Cash App support.

Verification issues — Ensure your ID and personal information are entered correctly. Contact support if you continue to experience problems.

Doing this as part of trading, income, or a disposal? See how it may be taxed in Tax by country and the taxable-events section — information, not advice.