You might have already installed a cash app and have been using it for transactions. That’s what millions of other people are doing. Undoubtedly it is gaining popularity owing to its fast process and user-friendly interface that does not require you to be tech-savvy to use it. With so much noise in the cryptocurrency world, the cash app could not stay apart from it for longer. Users who have been trusting the app for years recently try to switch to other payment platforms as they were interested in investing in cryptocurrency. Unfortunately, the app did not offer this feature in its early period but then it extended its hands to offer Bitcoin transactions. As expected, it boosted with 1.8 billion dollars of revenue in only the third quarter of last year (2021).
If you are new to cryptocurrency and trust cash apps than any other p2p platform, then this blog is just for you. Read it till the end to know everything about cryptocurrency and cash apps. Also, know whether it is safe for you or not.
How to Enable Bitcoin wallet on Cash app?
You can easily enable the Bitcoin wallet on the cash app with just two simple steps. This process can be more complicated and time-consuming if you have not verified your account or are using it for the first time. In this case, you should verify your account first by providing certain documents and details. Then you can enable your bitcoin wallet, you can directly deposit, buy, or sell bitcoins.
Assuming you have already installed the app on your device. If not, you should do it now.
- Open Cash App on the device you are using.
- Go to transfers and deposits.
- Then scroll to the Bitcoin option.
- Click on enable withdrawal and deposits.
- You may have to answer a few questions like why you are purchasing bitcoin, what is your employment and income etc.
- Next, enter your email address which should be the same that you have used while creating your account.
- The auto-scan feature will open where you need to place your driver’s license or state ID. Make sure that the ages are visible and close. When the edges of the frame turn blue means the ID is clear and it will scan the ID.
- Give access to your camera to click your full photo. Ensure that you are standing in a well-lit condition.
- Finally, you need to wait for fears until the process completes. It will display verification in the process.
How to enable bitcoin on cash app without an id?
You won’t be able to verify or enable BTC on cash app without using your ID. The app is safe for users and it requires certain information about you. It does not allow anonymous users to use the bitcoin feature. Every transaction you make through the app will be linked to your email address and your bank account so it’s hard to be anonymous.
How long does it take to enable bitcoin on cash app?
Generally, the enabling of Bitcoin on cash requires 24 to 48 hours. However, the duration can exceed up to a week depending on your area, the traffic of users using the site, internet connection, and a lot more. The other factors may not be in your hand but what is in your control is the quality of your ID. So make sure you are keeping all the documents right and capturing in good lighting conditions. The longer it will take to identify your ID, the longer will be the duration to enable Bitcoin.
How to enable bitcoin withdrawal on the cash app?
You can easily enable BTC on cash app and start using its feature. However, you should meet their requirements like you must be above 18 years, a US resident, and use the service in the US country. The government has kept some rules and regulations for transferring virtual currency as well as government-issued currency. You can do that too but after giving your personal information like name, tax identification number, data of bank account, incomes, etc.
Here is how you can enable Bitcoin withdrawal on the app.
- First thing first, launch clash of on your phone.
- Head to the Investment tab.
- You will see the Enable Bitcoin option. Click on it.
- If you don’t see this option, your account may not be verified. Therefore, start verification by giving the camera access.
- After taking your photo and getting some identity proof, it will require a few hours to complete the verification. Then your withdrawal option will automatically be enabled.
How long does it take to enable bitcoin withdrawal on cash app?
Assuming you have given all your documents and required details for completing the verification process. They should be clear and match the requirements so that the app cannot flag it for moderation. In this case, the time will not exceed 48 hours.
How to enable bitcoin deposit on cash app?
You can enable bitcoin deposit on the app using the following steps.
- Open your cash app and go to the home screen.
- Visit the Bitcoin tab by clicking on it.
- Now click deposit bitcoin.
- Copy the address of an external wallet from which you want to deposit the money. You can also enter it manually.
- Finally, it will require you to enter your pin or your touch id to confirm the process.
The process will not let you proceed if you are not verified. It can be done by using certain details like SSN number, email id etc.
How to enable bitcoin purchase on cash app?
To enable Bitcoin purchase on cash up you should first create an account and then fund your cash account. To add funds you can simply go to the home screen of the app, then click Add Cash, and enter the amount you want to add. Finally, you need to give your name, date of birth, SSN number, etc to confirm the funding.
Now you can move ahead to enable bitcoin purchase. For this, move the home screen and click on Bitcoin. Next tap on enable withdrawal and deposits. The process is enabled now and you can purchase any amount of cryptocurrency from the app. Once the verification is completed, go to the investing tab, choose bitcoins, click on the buy button. Enter the amount you want to purchase, then click on Next and finally confirm.
How to enable send bitcoin on cash app?
You can enable sending Bitcoin on cash up using the steps mentioned above. Note that you will have to enter certain details like your SSN number, and email id and also give required documents like a driver’s license to complete the verification. Unless you have verified your account you won’t be able to enable sending Bitcoin.
Do you need to enable bitcoin on the cash app?
If you want to use the Bitcoin feature seriously on the cash app you should enable Bitcoin first. It will let you send, buy, deposit, or withdraw the cryptocurrency without any restrictions. Your action will be faster and smoother.
Can't enable bitcoin on the cash app Solution?
Sometimes the cash app enabling bitcoin will take more time than necessary. Or it will directly say that your verification is denied. It can occur because you have entered the wrong details which do not match with the details used in creating your app account. The other possible reason could be that you’re using an outdated app. If you miss a step while feeling out on the details, it will restrict you from activating Cash App enable bitcoin. You need to do it, check your details again, and install the updated version of the app. Then start the verification process again carefully. If the problem persists, you need to contact the support team. They will tell you what has exactly gone wrong and how to improve it.
Is enabling bitcoin on cash app safe?
Cash app has been in the game for years and in 2018 it has also launched the Bitcoin feature. No customers have complained about it. What’s unique is that the app has been confirmed to be PCI data security standard level 1 compliant. Hence, it is safe to trust and start cash app to enable bitcoin.
What does enabling bitcoin on cash app mean?
Whether you want to buy bitcoins or sell them, deposit, send, everything requires first enabling BTC on cash app. If you haven’t enabled it, you won’t be able to use the BTC feature.
What happens if I enable bitcoin on cash app?
If you enable bitcoin on the cash app, you will be able to send, buy, sell or deposit BTC through the app without any restrictions. Every transaction will be fast and smooth and the process will also be simple for you to follow.
We have tried to cover every detail that you need for enabling BTC on cash app. Try to follow every step one by one carefully to avoid the risk of error. Note that wrong details or any carelessness can not only delay the process duration but can also lead to the risk of fund loss. In case you have any doubt, reach out to us. We will be happy to help.