Trying to use Bitcoin on the Cash App, but not sure how? Are you stuck on the verification process without which you wonât be able to buy or send Bitcoin? Look no further. In this post, Iâll give you a step-by-step guide on how to complete your identity verification on Cash App easily.Â
How to verify Bitcoin on Cash App
1. Creating your Cash App account
To start, you must create a Cash App account, but if youâre already signed up on the platform, skip this step. To create an account:
- Download and install the app by visiting your app store (Google Play Store or iOS).
- Create an account by following the on-screen instructions. The required sign-up data are your phone number, email address, name, and unique username called your $Cashtag.
2. Linking the bank account
- Go to Settings by tapping the profile icon in the upper left corner of your screen.
- You can link your bank account by linking your debit card details and following the instructions on the screen.
- Your details will be verified before you can continue.Â
3. Funding Your Cash App
Before you continue to buy Bitcoin, you need to fund your account via the account linked in the previous step. You can do this by
- Clicking on the Home button at the bottom left of your app
- Hit the âAdd Cashâ icon.
- Enter the amount you wish to enter and click âAdd.â
- To complete the transaction, you must confirm your name, date of birth, ID, and home address.
- Voila! Your cash will be added to your account.Â
4. Buying Bitcoin on Cash App
Now that youâve funded your account and want to buy Bitcoin, you must verify your account before proceeding if itâs your first time.Â
- From the home screen, click on âBitcoin.â
- Tap on âEnable Withdrawals and Deposits.â
- Some extra information is required to ensure the security of your transaction. Details include your email address, why youâre using Bitcoin, income, and employment status.Â
- Next, you’ll need to scan a government-issued ID or license to confirm your identity.
- Finally, take a well-lit picture of your face.Â
Note: Verifying your ID may take up to 48 hours, and youâll see âVerification in progressâ.Â
5. Buying Bitcoin(Once your account is verified)
- Click on the icon with the wavy line on the bottom right of the screen. This is the âInvestingâ icon.
- On the screen that pops up, youâll see options like âStocksâ and âBitcoin.â Choose âBitcoinâ.Â
- In the following screen, click on âBuy Bitcoin.â
- Select the amount you want, then click on âNextâ.
- Next screen, hit âConfirmâ.
Note: Youâll be asked to provide a 4-digit PIN if it is your first time buying Bitcoin.Â
Solutions to Common Verification Issues
1. Incorrect Details: This is the most common cause of failed identity verification. It could be misspellings in your name, typos in your age, date of birth, etc. Make sure to double-check all relevant identity information before you submit it.
2. Blurry Images: Another common verification issue is submitting unclear images. Make sure images of government-issued IDs are clear, of good quality, and taken in a well-lit environment.
3. Detail Mismatch: The details you provide to Cash App must match those in your government-issued ID. Inconsistencies in details like your current address can cause issues.
Frequently Asked Questions (FAQs) About How to Verify Bitcoin on Cash App
How long does it take for Cash App to verify Bitcoin?
Verifying your account to buy Bitcoin on Cash App takes 48 hours to complete. The status youâll see on your account is âVerification in progressâ. Note that your verification may be confirmed or denied after 48 hours elapses.Â
Can I withdraw Bitcoin from Cash App to an external wallet?
Yes, you can withdraw Bitcoin from your Cash App to an external wallet by following these steps:
- Open your Cash App and tap on the âBitcoinâ icon
- Input the amount of Bitcoin you want to withdraw
- Hit âWithdrawâ
- Put in the external Bitcoin wallet address
- Click on âWithdrawâ to complete the transaction.
Cash App charges a withdrawal fee depending on the amount of BTC being withdrawn. So, ensure you have enough BTC to cover this fee.
Which Forms of ID are Accepted for Verification?
Cash App accepts only valid government-issued Identity cards, such as driver’s licenses or state ID cards. Other forms of identity, like birth certificates and passports, are not accepted.
Can I buy Bitcoin on Cash App without verifying my identity?
No, you cannot buy Bitcoin without verifying your identity. This is to comply with the anti-money laundering (AML) and know-your-customer (KYC) regulations.
How do I verify my Cash App to send Bitcoin to another wallet?
To send Bitcoin to another wallet, you have to verify your identity by following these steps:Â
- From the home screen, click on âBitcoin.â
- Next, you want to click on âEnable Withdrawals and Depositsâ.
- To beef up the security of your transaction, youâll need to provide extra info. Youâll input data like your email address, why youâre using Bitcoin and your employment status.Â
- Then, youâll scan a government-issued ID or license to prove itâs really you. Â
- To complete the verification process, take a clear and well-illuminated picture of your face.
Conclusion
By following these steps, youâll have verified your Bitcoin on Cash App and be on your way to making seamless transactions. Remember to stay vigilant and take security measures to keep your identity and Bitcoin safe online.