Step-By-Step Guide: Buying And Sending Bitcoin Using Cash App

adrien
3 Min Read

How To Buy And Send Bitcoin On Cash App

Introduction

Bitcoin has become a popular form of digital currency in recent years, and many people are interested in buying and sending Bitcoin using Cash App. In this article, we will provide a step-by-step guide on how to buy and send Bitcoin on Cash App, as well as some important tips to keep in mind.

1. Setting Up Your Cash App Account

Sending and Receiving Bitcoin
Sending and Receiving Bitcoin

The first step in buying and sending Bitcoin on Cash App is to set up your Cash App account. If you don’t already have a Cash App account, you can download the app from the App Store or Google Play Store and follow the on-screen instructions to create an account. Make sure to verify your identity to enable Bitcoin transactions.

- Advertisement -

2. Adding Funds to Your Cash App Account

Before you can buy Bitcoin on Cash App, you will need to add funds to your Cash App account. You can do this by linking your bank account or debit card to your Cash App account and transferring funds from your bank account to your Cash App balance.

3. Buying Bitcoin on Cash App

Once you have added funds to your Cash App account, you can buy Bitcoin by following these steps:

Open the Cash App and tap on the Investing tab.
Tap on Bitcoin and then tap on Buy.
Enter the amount of Bitcoin you want to buy and confirm your purchase.

4. Sending Bitcoin on Cash App

If you want to send Bitcoin to someone else using Cash App, you can do so by following these steps:

Open the Cash App and tap on the Investing tab.
Tap on Bitcoin and then tap on Send.
Enter the recipient’s Bitcoin address or scan their QR code.
Enter the amount of Bitcoin you want to send and confirm the transaction.

5. Important Tips

When buying and sending Bitcoin on Cash App, it’s important to keep the following tips in mind:

Double-check the recipient’s Bitcoin address before sending Bitcoin to avoid mistakes.
Be aware of Bitcoin transaction fees, which can vary depending on network congestion.
Consider setting up two-factor authentication on your Cash App account for added security.

Share This Article