The cash app is similar to Venmo and PayPal in terms of linking bank details with the application.
How To Set Up Cash App?
If you want to perform these services using your phone, Here is how to set up Cash App and get started.
Download the App
Manage your profile
Start using Cash App
1) Download The App
The first step in setting up Cash App on your phone is by downloading it from either the Google play store ( For Android users) or the Apple store ( For IOS users).
After downloading, you will have to register with your phone number. You will then receive a verification code which should be inputted so that Cash App will verify your phone number.
You will then be requested to provide some personal details like your name, and email address before choosing a username or $Cashtag.
Afterward, you will have to connect your external bank account details to the App. Although this step can be skipped, it is very necessary as sending or receiving money on Cash App is only possible after you provide your external bank account details.
2) Manage Your Profile
After downloading the app and setting up an account, the next thing for you to do is to manage your account by editing your profile.
To edit your profile, click on the “Profile” icon that is at the top of your home page and then adds your address, and bank details (if you skipped adding it during registration), and edit any other details you wish to change.
You can add your profile picture, and also edit App settings like privacy and notification.
3) Start using Cash App
Once you are done setting up and managing your profile, you can start using Cash App to send money, receive money, invest, buy and sell bitcoin and also perform many more services.
However, it is important to know that before you can perform any payment transaction on Cash App, you need to have money in your account.
You can easily do this by following the steps listed below.
To Add Money On Your Cash App From Your External Bank Account:
i) Open Your Cash App Mobile App
ii) Open the Banking tab by clicking the “banking tab” located at the lower-left corner of your device.
iii) Click on the option “Add Cash” and then input the amount you wish to add.
iv) The last thing to do is to click on the green Add button.
To Send and Receive Money On Cash App.
Sending and receiving money on a cash App is easy but a cash App will require an external bank account to work.
Funding your Cash App will be through your external bank and also making withdrawals will be from the app to your external bank.
To fund or load money into your Cash App, click on the “Banking” option and then type the amount you wish to send from your external bank account that is linked.
However, if you want to send money, you will enter the amount you want to send first and then click on the option “pay”.
After clicking pay, you will be asked to input the email address, phone number, or $cashtag of the person receiving the money.
You will then be asked to write a brief description of why you are sending the money and afterward, you will have to click on “pay” again to send the money officially.
To Buy or Sell Bitcoin On Your Cash App
Trading of bitcoin is possible using Cash App. This phone payment application allows users to purchase, sell or send bitcoin to people with ease.
If you want to buy, sell or send bitcoin to anyone, you will need to follow the step below;
i) Click on the bitcoin icon located at the bottom of your screen.
Ii) A graph showing your bitcoin balance and its value will be seen If you already have bitcoin.
Ii) Click on the option “buy, sell or send bitcoin”
To Invest using Cash App
Cash App offers investment opportunities to users.
This application investment plan is unique because of its affordability. Users without much money can buy a fraction of the share.
To invest on Cash App, click on the “investing” option, and read about various stocks before choosing the particular stock you wish to invest in.
The invention of this application has provided payments and other solutions to many people as they can now send, receive, invest, trade bitcoin, and perform various other services with ease and speed.
- Is my Cash App balance insured by FDIC?
Yes, FDIC covers your Cash App account balance.
- How do I resolve my Cash App issues?
You can resolve any issues you are having with your Cash App application by contacting their customer support.
