With the help of Cash App, a well-liked mobile payment app, you may send and receive money from anyone, anywhere. The Cash App's capacity to buy, sell, and store Bitcoin is one of its functions. You must first validate your account in order to use the Bitcoin feature. This article will show you how to use the Cash App to verify Bitcoin.
Step 1: Open Cash App and click on the "Investing" tab- Once you have opened the Cash App, you must click on the "Investing" tab at the bottom of the screen. This will take you to the Bitcoin section of the app.
Step 2: Click on the "Bitcoin" tab- Once you are in the Bitcoin section, you must click on the "Bitcoin" tab at the top of the screen. This will take you to the Bitcoin verification page.
Step 3: Enter your personal information- To verify your cash app Bitcoin account, enter your personal information, including your name, date of birth, and social security number. This information must comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
Step 4: Verify your identity- Once you have entered your personal information, Cash App will ask you to verify your identity by taking a photo of your government-issued ID, such as a passport or driver's license. You may also be asked to take a selfie.
Step 5: Wait for verification- After you have submitted your personal information and ID, Cash App will review your application. This process can take a few minutes to a few hours. Once your account is verified, you can buy, sell, and hold bitcoin on Cash App.
In conclusion, Cash App bitcoin verification is a simple process that requires you to enter your personal information and ID. Once your account is verified, you can use the Bitcoin feature on Cash App.
Why must I confirm my Cash App?
One of the greatest methods to safeguard your account and unlock more features is to verify your Cash App bitcoin account. You may set up direct deposits, Bitcoin transfers, and the sending and receiving of money using your debit card once your account has been verified. Additionally, fraud and identity theft won't happen to you.
Verifying your Cash App account is the only way to send unlimited amounts. Without verification, your Cash App limit is upto $250 per week or $1000 per month. Once verified, you can send as much as $7,500 each week. The reason for this restriction is to prevent cybercriminals from exploiting Cash App. This is why Cash App screens new accounts and flags unverified accounts.