Looking to buy Bitcoin? This article treats the topic of buying Bitcoin through CashApp. Also, how to send and receive bitcoins on the app.

Unarguably, Cash App is one of the easiest and most popular ways to transfer money to and fro. Just like Paypal, and other similar software out there, whoever you want to send money to must have the Cash App as well.

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Cash App image

The developers put conscious effort into making the App unique, as evident from its user interface and functionality, which sets it apart from other similar apps and software. This is an applaudable feat.

With the Cash App, you can not only send and receive money but also use the Cash App card to pay for merchandise and invest in Bitcoins through the app. This is the highlight of this article. Not too long ago, they also included the option to let users invest in the stock market and buy potential commodities with very easy steps.

CashApp is a product of Square Inc., easily one of the top-tier and prominent companies offering financial services. The parent company was founded by Mr Jack Dorsey, who is way more popular for being the brain behind Twitter.

Let’s look at the story of Cash App briefly.

The History of Cash App
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In the year 2009, in St. Louis, Missouri, Mr Dorsey and his friend Mr McKelvey birthed and developed the idea of Square. His goal was to evolve Point of Sales by inventing a technology with the ability to harmonize the seller’s services and the buyer’s payment, easily, and hassle-free, all in one place.
Looking at it now, 11 years later, it’s obvious that they have been able to achieve that and even more. They are currently exploring other areas of financial services.

Mr Dorsey has always been popular for being pro-Bitcoin since its big break into the public space. And so it didn’t really take people aback when CashApp launched in the year 2013 and supported Bitcoin. After all, the owners of its parent company fully did.
Its goal was to compete with other apps offering similar services and dominate the market, including the European and Asian online banks.

Following its launch in 2013, CashApp is recorded as the payment application growing at the fastest pace, in the United States of America. In European and Asian countries, its growth is relatively much slower, but it still records positive connections nonetheless.

Why use CashApp to buy Bitcoin?
Buy bitcoin on Cash App

If you’re looking for a new bank that provides an easy, user-friendly and hitch-free way of transferring money to and fro, while letting you perform other exclusive activities like investing, then the real question should be why not use CashApp?
It doesn’t have some of the features that other similar apps share, but this simplicity makes it a good fit.

It’s up to par in the areas of speed, user-friendliness, and simplicity. The developers focused only on the really vital options to have, not burdening users with needing extra space, because of features they might never use.
Instead, they included a feature giving them an extra edge; the option to invest in Bitcoin and Stocks.

If you’d like a simple neobank for ordinary money transactions and nothing too intricate, then look no further. But if you’re going to be needing direct debits, savings and the like, then you should probably stick to your bank for the meantime, because the app is a deficit in some areas.

Ease of Operating
This can be considered CashApp’s stronghold. In the whole market of neobanking applications, there isn’t any top-level, secured application that matches the smooth ride you’ll get while operating the CashApp.
The main reason why this is so, is because the developers separated the very necessary features of a banking app, as it should be, which is to transfer and receive money electronically, and then they developed the application based on that.

Although some people may find that absurd, most especially if they have to use these different options frequently, it is certainly a good look for the greater public.

Sending Payments
On the CashApp, sending out money is super easy and doesn’t involve any extra steps. Simply input the amount you want, select the recipient from your list of contacts, making sure they also use the app, and Voila. You can as well manually input the recipient’s Cash-tag (starting with a dollar sign as prefix), their phone number or their email address.

After sending the credit, the application will notify the receiver with the note you provided during the transaction to explain why the payment was made.

The developers did not include the Bitcoin and Stock buying features in the application when they launched it. When they saw that the app was largely, positively accepted by members of the public, they included the Stock and Bitcoin investment features, and excluded the option of heavy, mandatory fees to enable users purchase, withdraw, and send out Bitcoins and also invest in certain, limited stock, with ease.

Sometimes though, even with the application’s simplicity, some end-users can find it a bit difficult to catch on to a few things, like how to buy, sell, or transfer Bitcoin on the App. In truth, none of that is a difficult process, but nonetheless we’ve made a step-by-step below for anyone experiencing problems.

Buy Bitcoin on CashApp
One thing that makes the app stand out in this area, is how easy it is to actually purchase Bitcoin. Make sure you have money in your account to cover the worth you have in mind, and tap the Bitcoin option. Literally as easy as 123.
The smoothness and speed of the process makes the app a very good recommendation for anyone new to the world of digital currencies and looking to start with BTC. This is the perfect fit for anyone looking to buy in small amounts, but for larger amounts there are other dedicated platforms that are less-expensive.

Buy Bitcoin via CashApp
Launch the app on your smart device, and select the “Investing” option in the bottom menu (with the icon of a rising curve)
When you go through with step 1, two options will show on the screen; one says ‘Buy Stocks’ and the other says ‘Bitcoin’. Tap on the Bitcoin option and it will show your in-app BTC wallet. It should be empty if you’ve never used the app to buy some.
Next, select “Buy” on the screen and select the amount of BTC you want to buy. If you want to buy a particular amount not on that list, you will have to tap on the three dots icon at the down-right corner, and enter the specific amount you want to purchase then select “Next”.
A new screen will pop up, having the important transaction information, the amount of BTC you want to buy, real-time value, commission fees, etc. If the information showing is alright, then select “Confirm”. You’re all done!
The app supports a large array of credit cards and government/bank-issued prepaid cards, but it does not support making direct deposits from the app to these cards.

Send BTC via CashApp
Following these easy steps, you can send out your in-app holdings to your personal, external address or any other.

Launch the app on your smart device, and go through the steps to get to the Bitcoin wallet screen.
Select “Withdraw”
Using your device Camera, scan the QR code of the receiving wallet or Select the option “Use wallet address”, to input one by yourself.
Confirm that you are the one making the transaction, using whatever security method you previously setup, and Voila!
Note: To be eligible for withdrawal or transfrer, you mist have a minimum of 0.001 BTC in your possession, on the in-app wallet. Within the space of 24 hours, you can only transfer BTC worth a maximum of $2000, and a maximum of $5000 within a week – 7 days – (These numbers might go up in the future).
Transfers from your in-app wallet to a different one might take up to 45 minutes to reflect.

Deposit BTC into your CashApp wallet
Launch the app on your smart device, and go through the steps to get to the Bitcoin wallet screen.
Select the option to “Deposit Bitcoin”, from those available.
Using the receipt’s device Camera, scan the QR code of your CashApp wallet, or you could copy and paste the wallet address in the wallet you want to send from. There is also an option to share the wallet address directly with the sender.
The sender confirms that they are indeed the one making the transaction, using whatever security method they previously set up, and Voila!
Note: Within a period of 1 week, you can only deposit BTC to the tune of a maximum of $10000 (This may go up in the future). These transactions could take some time to complete, especially if the network is choked with transaction activity.

The application’s platform only supports BTC for now and does not support any other coins, including Bitcoin Cash and Bitcoin SV.

Checking your Bitcoin transactions limit and growth
Like before, launch the app on your device, and go through the steps, as explained, to get to the Bitcoin wallet screen.
Go down the screen, and to the section that reads “Bitcoin Limits” (For Android), and “Limits Progress” (For iOS). Soon as you’re in there, you’ll be able to view all your transaction limitations and the progress you’ve made so far on each one.
Pros and Cons of Using CashApp to Buy Bitcoin and Sell Bitcoin
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Like every single “perfect” app, there are Pros and Cons of using CashApp.

Pros:

You can rest assured of security and reliability because its parent company (Square Inc), and team of developers are one to be reckoned with.
The UX design and interface are really appealing to users.
It functions with impressive simplicity and speed.
The BTC and Stock investment options are not difficult to grasp or use.
Generally, it’s a safe, easy, fast, and effective app for money transactions between people.
Cons:

The number of transacting options available to the users is very limited. Although they include the important bits, the features left out are also important to some individuals.
The app is unavailable to some regions, and some others don’t have access to the CashApp card or the option to buy BTC and Stocks, yet.your text

Yes, you can use verified Cash App accounts for Bitcoin transactions. Ensure the account is capable of handling cryptocurrency transactions.