When using the Cash App, you need to have funds on your account. To add funds, tap the “Add” button on the top of the screen, then enter the amount that you want to buy bitcoin. Next, confirm your identity with your social security number, birth date, and home address. If you’re a new user, your personal information must be accurate, as Cash App may use this information to verify your identity.
Before buying Bitcoin, you should be a U.S. resident and at least eighteen years old, or the age of majority in the state where you live. To use the Cash App, you should be an individual person and not a company. Then, you can buy bitcoin using the Cash App. Then, once you’ve bought the currency, you can view its balance and see how much it has fluctuated in the market.
It’s important to know that the Cash App charges a fee when you buy bitcoin through it. This fee is reflected on your confirmation of trade, and you can choose to reject the transaction if you’re not comfortable with it. This fee will be based on the volatility of the Bitcoin price. However, if you’re only interested in buying small amounts of Bitcoin, you should use a hardware wallet instead. This way, you won’t have to worry about someone else trying to steal your cryptocurrency.
Learn More Here:
1.) Cash App Website
4.) Cash App for IOS