Cash App was created in 2013 and has since amassed quite a few members. The app currently has over 2.1 million ratings with an average score of 4.7 in the app store.
What has led to its quick rise in popularity? Well, the app offers members a long array of benefits such as banking, instant transfers among friends and family, and investing.
However, currently, the app only supports one cryptocurrency: Bitcoin.
Coinbase, on the other hand, is a top rated cryptocurrency investing platform. Launched in 2012, Coinbase got its start early on and is the top rated app for cryptocurrency investing.
In this article, we show you the process to buy cryptocurrency on Coinbase directly with the Cash App Debit Card. We will also cover the process to transfer Bitcoin from Cash App to Coinbase.
Let's jump right in!
In this section, we cover how to buy crypto on Coinbase using a Cash App Debit Card. If you want to transfer Bitcoin to Coinbase, then you can skip ahead to the next section.
Transferring funds from Cash App to Coinbase is actually a pretty simple process. Rather than transferring cash, you can actually link your Cash App Debit Card and purchase crypto directly.
If you want to actually perform a transfer of funds, then you would need to send your Cash App funds to your bank and then from your bank to Coinbase.
Instead, you can link your Cash App Debit Card (linked to your Cash App bank account) and skip the extra step.
To purchase crypto directly using your Cash App Debit Card, follow the steps below:
Let's take a closer look at each of these steps.
As a pioneer in the crypto space, Coinbase has led the pack with a feature rich platform that is simple to navigate.
They also offer members the chance to earn free cryptocurrency with educational materials!
If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!
Before executing a transfer from Cash App to Coinbase, you will need to set up a Coinbase account.
Setting up a new Coinbase account is simple:
When creating a Coinbase account, you can speed up the process and skip verification to start trading cryptos immediately.
However, to gain full access to your Coinbase account, you will need to verify your identity.
This verification is done through uploading a photo of your driver's license or other state issued ID:
You will receive an email once you are verified or if Coinbase needs more information.
If the image of your ID is clear and matches the information in your account, verification will be completed in mere minutes.
Linking a Cash App card is fairly straightforward. If you already bank with Cash App then you can link your debit card using the steps below. If you do not currently bank with Cash App, then you would need to create a bank account with them first.
Unfortunately at this time, the Cash App Cash card (linked to your Cash App balance rather than a bank account) is not supported by Coinbase.
Follow the steps below in the Coinbase App to link your Cash App Debit Card:
This process is completed instantly. After linking your card, you will be able to purchase crypto directly with your Cash App Debit Card.
Now that you have a linked card, you will be able to purchase crypto directly using your Cash App Debit Card.
To make a purchase, you will follow the same steps as step number 3 above, but in this instance, your card will already be linked. Follow the steps below:
Transferring Bitcoin is really simple with Coinbase. Follow the steps below:
Let's jump into steps 3 and 4 as steps 1 and 2 were covered earlier in this article.
After your Coinbase account is opened and verified, you are ready to initiate the transfer.
Cryptocurrency is held in a wallet, and every crypto wallet has a specific address. This address is an alphanumeric code that is unique to your wallet.
In order to transfer crypto from one location to another, you will need this address, which can be found in Coinbase quickly and easily:
Always double check to make sure you are sending cryptocurrencies to the correct wallet type.
If you send Bitcoin to an Ethereum address, for example, it will likely be lost forever.
The transfer itself is actually performed in the Cash App platform. Follow the steps below to send Bitcoin:
After confirming the details of the order and submitting the transfer, it will take a few days to go through.
Whether you are transferring Bitcoin from Cash App to Coinbase or purchasing crypto with your Cash App debit card, the processes are actually pretty simple.
For a Bitcoin transfer, it is important to copy the wallet address from Coinbase exactly to ensure smooth delivery of your Bitcoin.
If you want to learn more about Coinbase, be sure to check out our complete review.