How to Buy Bitcoin on Cash App
A step-by-step guide to buying bitcoin in the Cash App, plus what you need beforehand and what to watch out for.
You can buy bitcoin in the Cash App by opening the Money tab, tapping the Bitcoin tile, and pressing Buy. You choose an amount, pick a payment source, and confirm with your PIN or Touch ID. You can start with as little as $1.
What you need
- A Cash App account with a Cash Balance, a linked debit card, or a linked bank account
- Your PIN or Touch ID to confirm the purchase
- Any additional information the app asks you for
Step by step
- Open the Cash App and tap the Money tab on your home screen.
- Tap the Bitcoin tile.
- Press Buy.
- Select an amount, or press More to enter an amount of your own.
- Choose a payment source.
- Enter your PIN or Touch ID and tap Confirm.
Things to know
Purchasing bitcoin requires that you have a Cash Balance, a linked debit card, or a linked bank account. You may also need to enter additional information.
If you buy bitcoin with funds from an external bank account, those funds are restricted until the transfer settles. You can trade right away, but moving bitcoin off-platform is only available after the holding period ends.
Cash App advertises no fee and no spread bitcoin trades on select products only, so check the current fees page before you buy. Purchasing bitcoin involves risk, and you may lose money.
Bitcoin's price is volatile. It can rise or fall significantly, so only buy what you can afford to lose.
Cash App only supports Bitcoin (BTC). It does not support any other type of cryptocurrency, including BCH or BSV. Sending non-supported cryptocurrencies will result in loss of funds.
As of 20 December 2024, Cash App no longer supports sending and receiving bitcoin between $cashtags. Other types of bitcoin transactions are not affected by this change. You can still send and receive bitcoin using Lightning, excluding New York customers, and withdraw, deposit, send, or receive bitcoin using bitcoin addresses on the Bitcoin Network.
Sending bitcoin has limits. You can view your weekly and monthly limits in the app by tapping the Profile icon and then Limits. Limits are rolling and account for any consecutive 1 day, 7 day, or 30 day period, and they reset at the top of the next hour.
Deposits into Cash App are capped at $10,000 worth of bitcoin in any 7-day period. Depending on network activity, it can take hours before transfers into or out of your Cash App are confirmed on the blockchain.
Your wallet address changes after each successful deposit, so check for the most recent address before making a transfer. To view your current bitcoin wallet address, tap the Money tab, tap the Bitcoin tile, tap Deposit bitcoin, and copy your address.
Common questions
How little can I start with?
With Cash App you can buy, sell, and send bitcoin starting with as little as $1.
Can I buy bitcoin with money from my bank account?
Yes. You can use a linked bank account, but those funds are restricted until the transfer settles. You can trade right away, but moving bitcoin off-platform is only available after the holding period ends.
Can I send bitcoin to another Cash App user by $cashtag?
No. As of 20 December 2024, Cash App no longer supports sending and receiving bitcoin between $cashtags. You can still send and receive bitcoin using Lightning, excluding New York customers, or using bitcoin addresses on the Bitcoin Network.
Does Cash App support other cryptocurrencies?
No. Cash App only supports Bitcoin (BTC). It does not support any other type of cryptocurrency, including BCH or BSV, and sending non-supported cryptocurrencies will result in loss of funds.
Where can I check my sending limits?
Tap the Profile icon, then Limits. Limits are rolling and account for any consecutive 1 day, 7 day, or 30 day period, and they reset at the top of the next hour.
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