Bitcoin being a hot and high valued asset has over the years brought about the need for different services. The chief of which is platforms that let you buy and sell. Cash App happens to be one of such platforms and in this article, you will learn how to buy, sell and transfer Bitcoin (BTC) on Cash App easily
Cash App has been one of the highly sort after fintech platforms for money transfers. Adding bitcoin purchase and transfer to its hosts of services is a plus as it increases its usefulness.
How To Buy Bitcoin (BTC) on Cash App
The steps are quite easy. It’s pretty much the easiest system, in my opinion, the steps to buy bitcoin (BTC) with cash app are outlined below:
- Launch Cash App on your device
- Fund your account with the equivalent cash needed to purchase the amount of Bitcoin you desire.
- Next tap on the Investing tab on your Cash App home screen
- Tap Bitcoin
- Press Buy
- Proceed to Select an amount or tap “…” to enter a custom amount
- Finally, enter your security PIN and select confirm to purchase Bitcoin.
How To Sell Bitcoin on Cash App
As with many exchanges, the Cash app lets you sell bitcoin bought on the platform. This is profitable for holders who wait for Bitcoin to rise and sell. Below are the steps:
- Launch Cash app
- Tap the Investing tab on your Cash App home screen
- Tap Bitcoin
- Proceed to press sell
- Select or enter the amount of Bitcoin you desire to sell
- Finally, enter your Passkey and tap on confirm to conclude
Having your Bitcoin stored on the Cash App platform isn’t really safe. Having your account suspended means you are going to lose your Bitcoin. Security enthusiasts may also find not having their own private keys as troublesome.
- Tap the Banking tab on your Cash App home screen
- Select Bitcoin
- Press Withdraw Bitcoin
- Scan a QR code address or Manually enter the destinated wallet
- Finally, enter your passkey or Touch ID and tap confirm to conclude the transaction
There you have it – a comprehensive tutorial on how to buy, sell and transfer Bitcoin (BTC) on Cash App easily