# How to Buy Bitcoin from Cash App: Your Complete 2023 Guide
Cash App has revolutionized how everyday users invest in Bitcoin, offering a seamless way to buy, sell, and store cryptocurrency directly from your smartphone. With over 40 million active users, this Square-owned platform simplifies Bitcoin purchases without complex exchanges. In this step-by-step guide, you’ll learn exactly how to buy Bitcoin from Cash App safely, understand fees, and maximize your investments—all in under 10 minutes.
## Requirements to Buy Bitcoin on Cash App
Before purchasing Bitcoin, ensure you meet these prerequisites:
1. **Verified Cash App Account**: Complete identity verification with your full name, date of birth, and SSN.
2. **Linked Bank Account or Debit Card**: Connect a U.S. bank account or Visa/Mastercard debit card for funding.
3. **Updated App**: Download the latest Cash App version (iOS or Android).
4. **Cash App Balance**: Fund your account via bank transfer or debit card deposit.
5. **U.S. Residency**: Available only to residents in supported states (excluding Hawaii, New York, and other restricted regions).
## Step-by-Step Guide: How to Buy Bitcoin from Cash App
Follow these simple steps to purchase Bitcoin instantly:
1. **Open Cash App**: Launch the app and log into your verified account.
2. **Navigate to Bitcoin**: Tap the “Investing” tab (graph icon) on the home screen.
3. **Select ‘Buy Bitcoin’**: Choose the “Buy” option under the Bitcoin section.
4. **Enter Purchase Amount**: Type the USD amount you want to spend (minimum $1).
5. **Review Transaction**: Check the Bitcoin conversion rate and fees displayed.
6. **Confirm Purchase**: Tap “Confirm” and authenticate with PIN, Touch ID, or Face ID.
7. **Receive Bitcoin**: Your Bitcoin instantly appears in your Cash App wallet—no external addresses needed!
Cash App automatically calculates Bitcoin amounts based on real-time market prices. Transactions typically complete in seconds.
## Tips for Buying Bitcoin on Cash App Safely
Maximize security and value with these best practices:
– **Start Small**: Test with $5-$10 purchases before larger investments.
– **Enable Security Locks**: Use two-factor authentication and biometric login.
– **Monitor Fees**: Cash App charges a variable fee (0.5%-2% per transaction) based on market volatility—buy during low-activity periods.
– **Withdraw to Cold Storage**: For long-term holdings, transfer Bitcoin to a private hardware wallet like Ledger.
– **Track Taxes**: All Bitcoin sales are taxable—use Cash App’s tax documents for IRS reporting.
## Frequently Asked Questions (FAQs)
### Can I withdraw Bitcoin from Cash App to another wallet?
Yes! Go to Bitcoin > Withdraw Bitcoin > enter external wallet address and amount. Network fees apply ($0.50-$5 average).
### What are Cash App’s Bitcoin purchase limits?
Unverified users: $1,000/week. Verified users: Up to $100,000/week. Limits increase with account history.
### Is buying Bitcoin on Cash App safe?
Cash App uses encryption, fraud monitoring, and FDIC-insured USD balances. However, Bitcoin itself is volatile—only invest what you can afford to lose.
### How long does a Bitcoin purchase take?
Purchases are instant. Withdrawals to external wallets take 1-2 hours for blockchain confirmation.
### Can I sell Bitcoin on Cash App?
Absolutely! Tap “Sell” in the Bitcoin section, enter the amount, and cash out to your linked bank in 1-3 business days.
### Are there hidden fees?
Cash App discloses fees before purchase. You’ll pay a spread (0.5%-2%) + network fees for withdrawals—no monthly costs.
### Why is my Bitcoin purchase disabled?
Common reasons include unverified identity, location restrictions, or suspicious activity. Contact support via the app.
## Final Thoughts
Buying Bitcoin through Cash App is ideal for beginners seeking simplicity. While advanced traders may prefer exchanges for lower fees, Cash App’s integrated wallet and instant purchases make it a top choice for casual investors. Always prioritize security, start with small amounts, and stay informed about crypto regulations. Ready to dive in? Open Cash App and make your first Bitcoin purchase today!
