How to Buy Bitcoin on Cash App

ByArthur Hayes

Cash App is a popular mobile payment app that lets you send and receive money instantly. But it’s more than just peer-to-peer payments; you can invest in stocks, buy Bitcoin, and even get a cash card for easy spending.

This blog provides a step-by-step guide on how to buy bitcoin on cash app. We’ll also discuss how to buy bitcoins on cash app with auto-investment or with custom orders.

How to Buy Bitcoin on Cash App – Step-by-Step Guide 

Here’s a step-by-step guide to buy bitcoin on cash app:

Requirements 

  • A Cash App account with verified identity.
  • Sufficient funds in your Cash App balance.

Steps:

  1. Open the Cash App: Open the Cash App on your smartphone.
  2. Tap the Money Tab: Find the “Money” tab on the home screen and tap on it.
  3. Select Bitcoin: You’ll see a Bitcoin icon. Tap on it to proceed.
  4. Press Buy: A “Buy” button will appear. Tap on it.
  5. Choose Amount: You can select a predefined amount or tap the “…” button to enter a custom amount of Bitcoin you want to purchase.
  6. Confirm Purchase: Review the purchase details, including the amount and total cost. Enter your PIN or use Touch ID to confirm the transaction.

How to purchase Bitcoin on Cash App – Tutorial

Step 1: Open the Cash App

  • Find the Cash App icon on your device’s home screen or app drawer.
  • Tap the icon to open the app.

Step 2: Go to the Bitcoin Tab

  • Once the app is open, you’ll typically see a home screen with various options.
  • Search for the “Money” tab or a similar icon. Tap on it.
  • You should see a Bitcoin icon or the word “Bitcoin.” Tap on it.

Step 3: Buy Bitcoin

  • You’ll see a screen with options to buy Bitcoin.
  • Tap the “Buy” button.
  • Choose the amount of Bitcoin you want to purchase. You can select from predefined amounts or enter a custom amount.
  • Review the purchase details, including the total cost in USD.
  • Confirm the purchase by entering your PIN or using biometric authentication (if enabled).

Step 4: Confirm Purchase

  • After entering your PIN or using biometric authentication, you’ll see a confirmation screen.
  • Review the purchase details one last time.
  • Tap “Confirm” to complete the transaction.

How to Buy Bitcoin on Cash App with Auto Invest

Auto Invest is a feature on Cash App that allows you to automatically purchase Bitcoin at regular intervals. This is a great way to dollar-cost average your Bitcoin investments, reducing the impact of market volatility.

Here’s a step-by-step guide on how to set it up:

Requirements 

  • A Cash App account with sufficient funds.
  • Bitcoin enabled on your Cash App account.

Steps

  1. Open Cash App: Launch the Cash App on your mobile device.
  2. Navigate to Bitcoin: Tap on the “Bitcoin” tile on your Cash App home screen.
  3. Initiate Purchase: Tap the “Buy” button.
  4. Select Auto Invest: Instead of choosing a one-time purchase, tap the dropdown menu that says “Change Order Type.”
  5. Choose Frequency: Select your desired frequency for automatic Bitcoin purchases: daily, weekly, or every two weeks.
  6. Set Purchase Amount: Determine the amount of Bitcoin you want to purchase each time. You can choose from preset options or enter a custom amount.
  7. Confirm: Review your Auto Invest settings and tap “Confirm” to finalize the setup.

Important Points to Consider:

Minimum Purchase: There’s a $10 minimum for Auto Invest purchases.Market Hours: Auto Invest orders are placed during market hours (typically 9:30 AM to 4 PM EST on weekdays).

How to Buy Bitcoin on Cash App with Custom Orders

Cash App’s custom order feature allows you to set a specific price at which you want to buy or sell Bitcoin. This can be a useful tool for investors who want to take advantage of price fluctuations. 

Here’s a step-by-step guide:

Steps:

  1. Open Cash App: Launch the Cash App on your mobile device.
  2. Go to Bitcoin: Tap on the “Investing” tab and select Bitcoin.  
  3. Choose Buy or Sell: Decide whether you want to buy or sell Bitcoin.
  4. Select Custom Order: Tap on the dropdown menu and choose “Custom Purchase Order” or “Custom Sell Order.”  
  5. Enter Amount: Specify the amount of Bitcoin you want to buy or sell.  
  6. Review and Confirm: Double-check the order details and tap “Confirm” to place the order.
  7. Set Expiration: Determine how long you want the order to remain active.
  8. Review and Confirm: Double-check the order details and tap “Confirm” to place the order.

FAQs

Cash App is a mobile payment and investment app that allows users to send and receive money, as well as buy and sell Bitcoin.

Cash App employs strong security measures to protect user funds and data. However, as with any digital platform, it’s essential to practice good security habits, such as using a strong password and enabling two-factor authentication.

No, Cash App provides a built-in wallet for storing your Bitcoin.

The amount of Bitcoin you can buy depends on your Cash App balance and the current Bitcoin price. There may also be purchase limits in place.

Cash App charges a fee for Bitcoin purchases. The exact fee may vary depending on the purchase amount.

Bitcoin purchases on Cash App are usually processed instantly.

If you want to sell Bitcoin on Cash App, here’s a simple guide:

  1. Open the Cash App: Open the app on your device.
  2. Tap the Money tab: This is usually at the bottom of your screen.
  3. Select Bitcoin: You’ll see a Bitcoin icon. Tap on it.
  4. Choose Sell: Tap the “Sell” button.  
  5. Enter Amount: Decide how much Bitcoin you want to sell. You can either select a preset amount or enter a specific value.  
  6. Confirm: Review the details of your sale and confirm the transaction.

Yes, you can buy any amount of Bitcoin on Cash App, even if it’s less than one whole Bitcoin.

Cash App offers support for additional cryptocurrencies beyond Bitcoin, such as Ethereum, Dogecoin, and Bitcoin Cash.

Conclusion 

Cash App provides a user-friendly platform for both beginners and experienced investors. Its convenience and accessibility have made it a popular choice for those looking to explore the cryptocurrency market. 

Buying Bitcoin on Cash App is a straightforward process. By following the simple steps outlined in this guide, you can easily purchase Bitcoin using your existing funds. Remember to start small, conduct thorough research, and prioritize security to make the most of your Bitcoin investment.