How to buy Bitcoin with Cash App in 2024

This introductory guide explains how to buy Bitcoin with Cash App. Follow our simple three step guide to make your first purchase.
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Updated: Jan 26, 2024
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Firstly, the most important question to answer is: can I buy Bitcoin with Cash App?

Yes, you can buy crypto on Cash App. Or you can use Cash App to fund a trading account and buy Bitcoin that way.

You just need a crypto exchange that accepts Cash App deposits. And we’re here to help.

How to buy Bitcoin with Cash App – a step-by-step guide

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It takes about 15 minutes to buy BTC with Cash App. Have a copy of your photo ID to hand and follow this guide to get started.

Step 1. Sign up with eToro

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We recommend eToro as the best platform to use to buy BTC with Cash App.

1
Min. Deposit
80 €
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world’s leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

51% of retail CFD accounts lose money. Your capital is at risk.

Step 2. Create an account

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You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.

Step 3. Make a deposit via Cash App

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Enter how much you want to deposit and select Cash App as your payment method from the list of options.

Step 4. Use the search box to find Bitcoin

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Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).

Step 5. Make your purchase

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Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.

Top Bitcoin platforms that accept Cash App

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1. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

51% of retail CFD accounts lose money. Your capital is at risk.

2. Plus500. Best for international CFD trading*

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From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Kraken: Best for simple, global cryptocurrency trading from your phone

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

What is Cash App?

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Cash App is a mobile payment service that lets users transfer money to others using a mobile phone app. Developed by Jack Dorsey’s Square, Cash App allows you to instantly send and receive money with a phone number, QR code, or $cashtag. 

In addition to peer-to-peer payments, Cash App has recently expanded into other financial services; most notably, it allows users to buy, sell, and hold Bitcoin directly within the app. This has helped its growth, and it’s now one of the easiest ways for beginners and experts to purchase Bitcoin. 

Cash App also offers stock trading, deposits for paychecks, and a debit card that allows you to spend your Cash App balance in stores and online

How do I buy Bitcoins on Cash App and send them?

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With just a few taps, anyone can easily buy Bitcoin on Cash App for the first time and send it to a separate wallet. Use the guide below to learn how to buy, send, and store Bitcoin on Cash App. 

How to buy Bitcoin on Cash App. 

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You can buy Bitcoin on Cash App in just a few minutes. This guide explains how to do it. 

  1. First download Cash App. Next, Open the Cash App and tap the “Investing” tab on the bottom toolbar of the home screen.
  2. Choose the Bitcoin tab and select your purchase amount by swiping left or right.
  3. Confirm details and complete your Bitcoin purchase instantly with a debit card or linked bank account.

How to send Bitcoin on Cash App

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After purchasing Bitcoin, you can send it to an external wallet easily. Here’s how to do it. 

  1. Tap the paper aeroplane icon in the upper right of the investing tab.
  2. Copy the receiving address from your external wallet.
  3. Paste the address on the Cash App platform and enter the amount to send.
  4. Review details and complete the transfer. The external wallet will then receive Bitcoin you’ve sent.

How to store Bitcoin on Cash App

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Once you purchase Bitcoin on Cash App, storing it securely is simple. Here’s how to do it. 

  1. Your Bitcoin balance is kept in your Cash App Bitcoin wallet.
  2. Enable security features like PIN protection for additional security.
  3. Cash App protects wallet balances up to $25,000.

How to sell Bitcoin using Cash App

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If you want to sell Bitcoin on Cash App the process is quick and easy. Here are the steps for selling Bitcoin on Cash App.

  1. Open your Cash App and go to the Investing tab. Tap on your Bitcoin wallet.
  2. Select the amount of Bitcoin you want to sell by tapping the withdraw button. You can sell all or just a portion of your BTC.
  3. Confirm the details of your sale, including the dollar amount you will receive. Withdraw the funds to your Cash App balance or your connected bank account.

Quick answers to key questions

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Can I buy crypto with Cash App?

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Yes, you can use Cash App to buy cryptocurrency. Cash App users can buy and sell Bitcoin directly within the app. Bitcoin is currently the only crypto available to buy on the Cash App platform. However, you can also use it as a payment method to buy other coins like Ethereum on peer-to-peer exchanges. 

For example, it is possible to deposit money into your Cash App account and then use those funds to purchase altcoins from a trusted seller on a platform like Binance P2P. 

Is Cash App safe?

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Yes, it’s completely safe to use Cash App. Cash App is operated by Square, Inc., which holds licenses to transmit money in multiple U.S. jurisdictions. Square, Inc. is registered as a Money Services Business with FinCEN. It is also regulated by the FCA in the United Kingdom.

The only risk to look out for is to make sure you sign up to a regulated Cash App Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk when using Cash App to buy or trade Bitcoin.

How much does it cost to buy Bitcoin with Cash App?

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Between 1-2% of the trade value. The cost varies depending on the current Bitcoin price and market volatility, with higher fees the more volatile the market is.

This is because Cash App charges fees in the form of a spread, the difference between the buy and sell price, rather than as a flat rate fee.

Can I store Bitcoin in my Cash App account?

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Yes. Cash App can store Bitcoin, and it promises to keep your crypto in secure cold storage to make sure it’s safe. 

Cash App isn’t as secure as other options such as having your own crypto wallet but it is more convenient and user-friendly. While we recommend you transfer Bitcoin into a wallet, if you regularly buy and sell Bitcoin then holding it in your Cash App account might be a better option.

Why don’t more crypto platforms support Cash App?

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Not all crypto platforms have the functionality to support deposits from Cash App. However, you can use your linked card anywhere that accepts card payments, so the fact Cash App isn’t widely accepted is not much of a barrier to buying Bitcoin.

Should I buy Bitcoin using Cash App?

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Cash App is convenient and easy to use to purchase Bitcoin if you already have an account. You can buy, sell, and store Bitcoin on Cash App, and you don’t need to create accounts anywhere else.

The drawbacks are the fact that the Cash App platform can only be used for buying Bitcoin – no other cryptos are available yet – and the fees are higher than you’ll find elsewhere. 

Here are the pros and cons of using Cash App to buy Bitcoin.

Pros

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  • Simple to buy Bitcoin with Cash App
  • Store Bitcoin in your Cash App account
  • Transactions take place over the Lightning Network and are extremely fast
  • Easily send Bitcoin to your friends from the app

Cons

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Is there an alternative to buying cryptocurrency with Cash App?

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There are plenty of alternatives to Cash App, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.

Is Cash App the best way to buy Bitcoin?

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For many crypto investors, Cash App is one of the simplest and most convenient ways to buy Bitcoin. With just a few taps on your mobile device, you can quickly and easily buy Bitcoin on Cash App for the first time. It is especially practical for beginners and those new to the cryptocurrency market. 

You can buy Bitcoin on Cash App, with no expert crypto knowledge required. Cash App allows you to buy Bitcoin and send it to a separate wallet for additional security. So it works both for storing Bitcoin or just as a platform for investing in Bitcoin.

If you’re an experienced crypto investor, then there may be better options available, such as using a well-known exchange. Cash App is not accepted as a payment method for many brokers, which makes it difficult to transfer funds. 

Sign up & fund account

FAQs

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Can I buy Bitcoin with Cash App on Coinbase?
Can I buy Bitcoin with Cash App on Binance?
How do I fund my crypto account with Cash App?
Can I buy Bitcoin with Cash App instantly?
Can I buy Bitcoin with Cash App anonymously?
Does Cash App UK accept Bitcoin?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.