Bitcoin has taken the world by storm since its inception in 2009. A decentralised digital currency offers a secure and transparent transaction process. With Bitcoin's increasing popularity, many companies offer Bitcoin-related services, including Cash App. Cash App is a peer-to-peer payment platform that allows users to send and receive money, invest in stocks and Bitcoin, and purchase Bitcoin using their Cash App account.
If you're new to Cash App and want to verify your Bitcoin account, this article will guide you. We'll cover everything you need to know about enabling and verifying Bitcoin on Cash App, including why your verification may be pending or denied.
Step 1: Download the Cash App- If you haven't already, download the Cash App from the App Store or Google Play Store on your mobile device.-
Step 2: Create an Account- Once you've downloaded the app, create an account by entering your phone number or email address and creating a unique password. You may also need to enter your full name and date of birth for verification purposes.
Step 3: Link a Payment Method- To use Cash App, you must link a payment method, such as a debit card or bank account. Follow the prompts to add your payment method to your Cash App account.
Step 4: Enable Bitcoin- After linking your payment method, go to the "Investing" tab and select Bitcoin. You may need to update your app to the latest version if you don't see the Bitcoin option.
Step 5: Confirm Your Identity- To enable Bitcoin, Cash App will ask you to confirm your identity by entering your full name, date of birth, and Social Security number. You can use an
Individual Taxpayer Identification Number (ITIN) if you don't have a Social Security number.
Once you've enabled Bitcoin, you can start buying and selling Bitcoin on the Cash App. However, to withdraw your Bitcoin, you'll need to verify your account.
Step 1: Go to the Profile Icon- Open the Cash App on your mobile device and tap the profile icon in the top left corner.
Step 2: Go to Bitcoin- Scroll down and select "Bitcoin" under "Funds."
Step 3: Select "Verify Your Identity"- Under "Bitcoin," select "Verify Your Identity."
Step 4: Provide Your Personal Information- Cash App will ask you to provide your personal information, such as your full name, date of birth, and Social Security number or ITIN.
Step 5: Provide Your ID- Next, Cash App will ask you to take a photo of your government-issued ID, such as a driver's license or passport.
Step 6: Wait for Verification- Once you've submitted your personal information and ID, Cash App will review your application. The verification process may take up to 24-48 hours, but in some cases, it may take longer.
Why is My Cash App Bitcoin Verification Pending or Denied?
Your ID is expired- Cash App requires a government-issued ID that is not expired. You must renew your ID and resubmit your verification request if your ID has expired.
Your information doesn't match your ID- Make sure that the personal information you provide, such as your full name and date of birth, matches the information on your government-issued ID. Any discrepancies may result in your verification being denied or pending.
Your ID is not accepted- Cash App only accepts certain government-issued IDs, such as a driver's license, passport, or state-issued ID. If you submit an ID that's not accepted, your verification request may be denied.
Your ID is unclear- Make sure that the photo of your ID is clear and legible. If the Cash App can't read the information on your ID, your verification request may be denied.
Your application is under review- Cash App may take longer to verify your account if they need more information or are experiencing a high volume of verification requests.
You've reached your Bitcoin limit- Cash App has limits on how much Bitcoin you can buy and sell. If you've reached your Cash App Bitcoin limit, you may need to wait until the next day or week to buy or sell more.
Cash App will notify you via email or in-app notification if your verification request is pending or denied. If you need further assistance, you can contact Cash App support.
How Long Does Cash App Bitcoin Verification Take?
The Cash App Bitcoin verification process typically takes 24-48 hours, but in some cases, it may take longer. Cash App may need additional information or experience a high volume of verification requests, which can delay the process.
You can contact Cash App support for assistance if it's been longer than 48 hours and your verification is still pending.
Q: Can I use Cash App to buy other cryptocurrencies besides Bitcoin?
A: No, Cash App only offers Bitcoin at this time.
Q: Can I withdraw my Bitcoin to an external wallet?
A: Yes, you can withdraw your Bitcoin to an external wallet. To do so, go to the "Bitcoin" tab in Cash App, select "Withdraw Bitcoin," and enter the amount you want to withdraw and your external wallet address.
Q: Do I need to enable Bitcoin to receive payments on Cash App?
Q: Is Cash App safe for buying and selling Bitcoin?
A: Cash App is generally considered safe for buying and selling Bitcoin, but risks are involved with any cryptocurrency exchange. It's important to research and understand the risks before investing in Bitcoin.
Enabling and verifying Bitcoin on Cash App is a straightforward process that requires you to confirm your identity and submit a photo of your government-issued ID. If your Cash App Bitcoin verification pending or denied, there may be several reasons, including an expired ID, unclear photo, or discrepancies in your personal information. If you need further assistance, you can contact Cash App support. Following the steps outlined in this article, you can start buying and selling Bitcoin on Cash App in no time.