How To Buy Bitcoin (BTC) Using Your Cash App Account
A few days ago a mate of mine reached out asking me the following question: Can you buy ripple on Cash App? The answer is no and yes. You cannot (currently) buy Bitcoin on Cash App, but you can, however, buy another cryptocurrency on Cash App, transfer it to an exchange and trade the cryptocurrency for Ripple.
The interest in Ripple has grown tremendously during the last couple of months due to the price increase as well as that banks seem to love Ripple (read more on why banks love Bitcoin here). In this article, however, we will not focus on what makes Ripple so good and why you should invest in it, rather we will show you how to use your Cash App account to buy Ripple.
UPDATED METHOD TO BUY Bitcoin
Table of Contents
How To Buy Ripple on Cash App
1. Sign up to Cash App (with our link you’ll get a $10 bonus when you spend over $100 with them)
2. Sign up to Kraken, Bittrex, Bitstamp or Binance (cryptocurrency exchanges supporting Ripple)
First, you deposit money into Cash App in EUR or USD. If you already have some cryptos on Cash App, this won’t be needed. Then, grab the Bitcoin public address from your cryptocurrency exchange, this is the address you will use to receive Bitcoins in the future as well.
Make sure that you don’t change the address in the slightest since sending Bitcoin is non-refundable and if you have 1 error in the code it might send to someone else’s wallet, and not yours. It’s advised to send a test amount of $1 to make sure it is working properly.
Once you have tested and sent over the amount to the exchange of your choice, it’s time to exchange the Litecoin, Bitcoin, Ethereum or Bitcoin Cash for Ripple. And voilá, you have bought Ripple on Cash App (sort of)!
We hope that, in the future, Cash App adds support for Ripple so that you don’t have to go through this hassle to buy Ripple on Cash App. Even though this method might seem a bit confusing at first, it is a very simple process and usually doesn’t take more than a few minutes to get done.
Buying Bitcoin on Cash App (Updated Method 2021)
A lot has changed in the crypto world since the past one year and the guide had to updated accordingly. The earlier method still works but now you can buy Bitcoin on Cash App directly with a debit or a credit card. Here is a quick brief of the process to buy Bitcoin on Cash App!
Step 1: Sign up on the Cash App website with basic details. (You can use our link for a bonus of $10)
Step 2: Once you have signed up confirmed your email, you will have to undergo a verification process. This is pretty simple, you have to upload any one of the requested government ids(id with photo). This is done to verify your Identity and to keep the platform free from spammers.
Step 3: Once your identity is verified, you can buy Ripple(Bitcoin) by using your debit card, credit card or Bank account.
Why We Prefer Cash App to Buy Bitcoin?
High Trust Factor: Cash App is among the first…