Cash App, a peer-to-peer money transfer app that is comparable to Venmo or PayPal, allows users to buy Bitcoin. Its platform is a straightforward alternative to using a crypto exchange, but limited in that it only allows you to buy and sell Bitcoin. Investors looking to purchase other digital assets will have to look elsewhere.
If you are interested in purchasing Bitcoin using Cash App, you’ll need to do the following.
Create a Cash App account
If you don’t already have Cash App, you’ll need to download the application and create an account. The app will walk you through the enrollment process, where you’ll need to set up a username and password. Then, you’ll link your Cash App account to your checking or savings account. Once your bank account is linked to the app, you’ll be able to make purchases.
Go to the ‘Buy Bitcoin’ screen
To purchase Bitcoin, tap “USD” on the Cash App home screen. A menu will pop up at the bottom. Select the option “Buy…
This article was written by Connor Emmert and originally published on www.nerdwallet.com