How to purchase bitcoin on Cash app? How safe is buying bitcoin?

Last updated on January 2nd, 2022 at 02:29 pm

How to purchase bitcoin on Cash app?

Bitcoins can be purchased on the Cash app using the following process.

  1. Either click on the rising curve or the investing option of the menu present on the lower rim of the app.
  2. Next, choose between buying stocks and bitcoins.
  3. From your bitcoin holdings click on the Buy tab, and select the Bitcoin amount you wish to acquire.
  4. Add the custom amount after clicking the three dots from the bottom right side of the app.
  5. Add the amount and then press the Next tab.
  6. Review this segment to know more about the price and the details mentioned in the overview.
  7. Click on the confirm tab once your transaction is complete.

How to purchase and send bitcoin on Cash app?

buy BTC on my Cash app

To explore the buy BTC on my Cash app option, you can send them to any other external wallet using the following steps.

1) Click on the Banking tab of your Cash app home screen.

2) Choose the Bitcoin tab and then withdraw the bitcoin option.

3) Post scanning the QR code or entering the user wallet address, confirm your PIN or Touch ID.

4) At least a balance of 0.001 bitcoin must be present in your account balance to send or withdraw from the Cash app.

Also Check:- How to send bitcoin on cash app to another wallet address?

How to cancel bitcoin purchase on Cash app?

To cancel a bitcoin purchase on the Cash app, this is what you have to do.

  1. From the activity tab of your home screen, locate the custom order you choose to cancel.
  2. Click on the cancel button adjoining the activity tab.
  3. Confirm on the Cancel tab to initiate the cancellation process.

Also Check:- How to Transfer Bitcoins from Cash App to Bitmart Wallet?

How safe is buying bitcoin on Cash app?

With efficient Level 1 compliance with the PCI data security standard (PCI-DSS), the Cash app is one of the best places for buying bitcoins on the Cash app.

Unable to purchase bitcoin on Cash app solution?

A minimum of 0.001 bitcoin must be there in your Cash app wallet to use the buy BTC on my Cash app option. But then add sufficient cash to purchase if you don’t want to hinder the transaction process in any way.

Conclusion

Here’s a bit about purchasing bitcoins on the Cash app. If you are planning to make a transaction and is unable to figure out the process, quickly glance through the content and find out more about the process of a bitcoin transaction.

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