How to buy Bitcoin with Cash?

With growing alternatives to buy Bitcoin, here’s a detailed explanation and a step by step guide to walk you through buying Bitcoin using Cash app from Square.

Vamshi Vangapally
Jan 31, 2018 · 3 min read

Mandatory Introduction to Bitcoin

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

Casual Introduction to Square Cash

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Enabling Buy/Sell of Bitcoin with Cash

Now in December 2017, Square has made a decision to enable their customers to buy and sell Bitcoin on Cash app. This basically brings all of their existing Android and iOS customers closer to owning Bitcoin. This might not sound as big as it really is — but that’s a great deal towards the main stream adoption.

Now the big question — How to Buy?

Step-1: Get the Cash app

Step-2: Link your bank account or debit card

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Step-3: Explore Cash app to find Bitcoin

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Step-4: Review and proceed to Buy Bitcoin

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All the best for your Bitcoin journey

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Vamshi Vangapally

Written by

Blockchain | UI/UX | Bear.Tax

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Vamshi Vangapally

Written by

Blockchain | UI/UX | Bear.Tax

HackerNoon.com

Elijah McClain, George Floyd, Eric Garner, Breonna Taylor, Ahmaud Arbery, Michael Brown, Oscar Grant, Atatiana Jefferson, Tamir Rice, Bettie Jones, Botham Jean

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