How to Buy Bitcoin on Cash App: Step-by-Step Guide for Beginners

Introduction to Buying Bitcoin on Cash App

With over 44 million active users, Cash App has become one of the easiest gateways into cryptocurrency. This guide will walk you through exactly how to buy Bitcoin on Cash App in minutes – no technical expertise required. Whether you’re investing $10 or $10,000, you’ll learn the entire process from setup to security best practices.

What is Cash App?

Owned by Square (now Block, Inc.), Cash App is a mobile payment service that lets users transfer money, invest in stocks, and crucially – buy and sell Bitcoin. Its intuitive interface makes cryptocurrency accessible to mainstream users, with instant bank transfers and built-in security features.

Why Buy Bitcoin Through Cash App?

Cash App simplifies Bitcoin investing with key advantages:

• Instant purchases: Buy BTC immediately with linked debit cards
• No wallet setup required: Built-in custodial wallet included
• Recurring buys: Automate daily/weekly purchases
• Fractional investing: Buy as little as $1 worth of Bitcoin
• Seamless integration: Manage fiat and crypto in one app

Setting Up Your Cash App Account

Before buying Bitcoin:

1. Download Cash App from iOS App Store or Google Play
2. Link your bank account or debit card
3. Complete identity verification (requires SSN and photo ID)
4. Enable Bitcoin features in Settings > Bitcoin > Enable

Step-by-Step: How to Buy Bitcoin on Cash App

1. Open Cash App and tap the Bitcoin tab (₿ icon)
2. Enter purchase amount in USD or toggle to BTC
3. Review transaction details including fees and exchange rate
4. Confirm with PIN/Touch ID to complete purchase
5. View your Bitcoin in the Investing tab immediately

Pro Tip: Enable “Recurring Buys” for dollar-cost averaging under the Bitcoin purchase screen.

How to Sell Bitcoin on Cash App

Selling is just as straightforward:

1. Go to your Bitcoin balance in the app
2. Tap “Sell” and enter amount
3. Confirm deposit to your Cash App balance or linked bank
4. Funds typically arrive in 1-3 business days

Cash App Bitcoin Fees and Limits

Understand the costs:

• Purchase fees: Variable fee based on market volatility (typically 1-2%)
• Withdrawal fees: On-chain transfers incur miner fees (displayed at time of transaction)
• Weekly limits: $10,000 buy limit for verified accounts
• Instant deposit fees: 0.5%-1.75% for immediate bank transfers

Security Best Practices

Protect your Bitcoin:

• Enable two-factor authentication
• Use a unique PIN for Cash App access
• Never share your recovery phrase
• Withdraw large amounts to a private wallet
• Monitor account activity regularly

Frequently Asked Questions

Can I transfer Bitcoin out of Cash App?

Yes. Tap the Bitcoin tab → Withdraw Bitcoin → Enter external wallet address. Always verify addresses carefully.

What’s the minimum Bitcoin purchase?

You can buy as little as $1 worth of Bitcoin on Cash App.

Are there purchase limits?

Unverified accounts have a $1,000 weekly limit. Verified accounts can buy up to $10,000 weekly.

How long do purchases take?

Bitcoin purchases are instant. Bank transfers take 1-3 business days unless you pay for instant deposit.

Is Cash App safe for Bitcoin?

Cash App uses encryption and fraud monitoring, but for large holdings, transfer to a private wallet for maximum security.

Can I set up recurring Bitcoin purchases?

Yes. When buying Bitcoin, toggle “Recurring Buy” to schedule daily, weekly, or biweekly purchases.

Final Thoughts

Cash App removes technical barriers to Bitcoin ownership, making it ideal for beginners. While convenient for smaller investments, consider transferring significant holdings to a non-custodial wallet for enhanced security. Start small, learn the process, and always prioritize security measures when managing your cryptocurrency.