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With the frenzy behind the cryptocurrency markets, many people are looking towards using the Cash App to buy popular cryptocurrency, Bitcoin, due to little to no fees from Square Inc’s prominent app, Cash App.
You may be wondering how does one take advantage of the Cash App $5 signup bonus while and apply the referral bonus towards Bitcoin?
Fortunately, the Cash App makes it easy to purchase Bitcoin and with this guide, you will be well on your way on investing on the popular cryptocurrency, Bitcoin that has been the talk on Wall Street.
Become an Insider
What is the Cash App?
The Cash App is unique in that the app enables users to invest in stock and cryptocurrency in addition to the app being a peer-to-peer payment app. In other words, the Cash App incentivizes users to hold a balance and invest with the app itself.
If Robinhood and Venmo had a baby, it would be the Cash App because the platform offerings draw many characteristics of both platforms: the ability to invest and at the same time offer a peer-to-peer transfer of monetary funds in one centralized location.
Why buy Bitcoin with the Cash App?
Simply said, Square Inc the parent-subsidiary company that owns and operates the Cash App has well over $470 million assets in Bitcoin so now transacting aka buying and selling Bitcoin no longer holds a service fee. What this means that the amount of Bitcoin you buy or sell, is the amount you receive. Since March 19, 2021, Cash App no longer services a fee to users when transacting with Bitcoin crypto on its Cash App money platform – more Bitcoin for you.
What is the $5 Cash App referral code 2021 bonus?
If you are a new user of the Cash App, by using the referral code, WFRLNSG, you will be eligible to receive $5 in cash upon sign-up.
Using the Cash App referral code is optional, but note that once you sign-up, you can no longer claim the $5 sign-up bonus. The sign-up bonus will only be activated the first time you register for an account using a referral code so be sure to remember to claim the free sign-up bonus if you want the free $5 credit.
How to buy Bitcoin with the Cash App
Time Needed : 3 minutes
How to redeem $5 Cash App referral code 2021 bonus to buy Bitcoin tutorial step-by-step
- Register and download the Cash App
The first step is to download the app and register for the Cash App. Install the Cash App to your respective iOS or Android mobile phone.
- Put in Cash App referral code
Fire up the app and you should be taken to a registration form to input a phone number or email address to sign-up. Be sure to apply the referral bonus code, WFRLNSG, if it prompts you.
- Confirm Cash App username
Now the Cash app will ask you to create a username for the app. Confirm a username and you should be good to go. You have officially created a Cash App account.
- Link a debit card backed by a bank
Input a debit card backed by a bank to link it to your Cash App account so you can send and receive funds whenever using your mobile phone.
- Send $5 payment to a friend
Send $5 or more to any Cash App user to be eligible and receive $5 in credit within 14 days of account creation from the sign-up bonus. The $5 credit will be automatically deposited into your Cash App account once triggered.
- Select the “Cryptocurrency” Tab in the center of the Cash App
Toggle to the cryptocurrency tab in the center of the Cash App and you should be directed to buy Bitcoin with no fees whatsoever since March 19, 2021. You may now buy/sell as much Bitcoin you want as your heart desires.
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The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.