Cash app is quickly emerging as one of the most important financial apps in
the digital world another emerging technology bitcoin is now almost half of
all of the cash apps revenue we're gonna show you how to buy it today on the cash
app and also why it's important
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about Bitcoin and cryptocurrency so here we go guys we're on the cash app
website now what's very interesting is on the home page of the website
cash dot app it gives you a little story of someone that wakes up get some cash
into their cash app account it shows their balance they spend money on coffee
via their Visa debit card that's linked up to the cash app not to a bank that's
good for people that might not be able to get a bank but then in the end it
says 5 p.m. direct deposit hits do you buy Bitcoin or do you cash out instantly
to another bank with cash app you decide now it's very interesting that the cash
app is pushing Bitcoin here right on the front page you may be wondering why they
would do that well the founder of cash app is or the the founder CEO of square
that is behind cash app is also the CEO of Twitter and his name is Jack Dorsey
and in the crypto world we say he's very bullish on Bitcoin he really likes
Bitcoin he believes it will become the currency of the internet so if you don't
own any Bitcoin but you do use the cash app or you're thinking about using the
cash app then this video will be for you because we're going to show you how to
buy it through the cash app and tell you why it could possibly be a good idea so
as you can see I'm really OCD so I've got everything in nice little folder so
here my crypto folder I have the cash app that's right I do consider cash out
a crypto currency application you click on it and here we are we are on the main
cash app page now from this page you can request cash from someone else or
you can pay someone you would just put kind of an amount in there and you would
hit request you could put the person's cash tag or you could hit pay if you
want to send money so you could send or receive cash that way so some people are
really used to using cash app this is all they go over there for is to send
and receive cash but the cash app has a feature that allows you to buy Bitcoin
now if you've never used the cash app at all and you would like to do that I do
have a link in the video description you can click and when you click that link
and you download the cash app I get five dollars cash money to buy more Bitcoin
with and you also get five dollars so really just by downloading the app you
can buy some Bitcoin so hey that's a win-win right there so here we go guys
we're gonna show you how to do it you click on as you can see here the top
left-hand corner that has a little circle with kind of you know a faceless
avatar so you click that and then it goes to your name and it shows you how
much you have in cash on the app and how much you have in Bitcoin as you can see
I only have 50 cents right now so I have bought Bitcoin on here before but
unfortunately there is a verification process for being able to send it in and
out of a wallet and some of you guys might run into that roadblock we're
gonna also talk to you how to fix that so as you can see I've got 50 cents in
Bitcoin right now yours will obviously say zero it will have your bank listed
below if you scroll on down the page it's got some kind of you know some more
things but that's not what we're interested in all we're interested in is
we are interested in the part that says Bitcoin here so we're gonna go back I'm
gonna show you how to get to this very fast you just click the top left from
the cash app home page you scroll down to where it says Bitcoin and then you
just click Bitcoin now you can buy any amount so basically right here all you
do is you would click buy now you would hit buy and you can buy up to ten
thousand dollars worth a Bitcoin now the cash app does not allow you to buy
anything outside of Bitcoin that it's cryptocurrency so you cannot buy
aetherium or litecoin or ripple aka XRP and you've heard of any of those
cryptocurrency you can't buy them on here but you can buy Bitcoin and right
now bitcoin is crushing every other cryptocurrency so it'd probably be the
one you would to buy the most so all you do is put in
an amount ten dollars what I tell people is this I say listen if you want to get
into Bitcoin the cash up is a great place for you to buy a small amount and
then just watch it and if the price goes up and you get interested you do some
more research you can move on to other ways of buying Bitcoin but this is a
good way for anyone to get started for ten dollars most people could afford to
lose ten dollars if the price went way down which I don't think it's going to
do but for ten dollars is just enough to put a little skin in the game maybe to
get you interested in Bitcoin so I've put ten dollars there and then I would
click buy so it's gonna facial ID me as you can see there because I have my face
in my phone I'm one step away from the matrix but there it is boom all you got
to do at that point to complete that is hit the confirm button in the bottom
right hand corner so as you can see here it says to complete your purchase a
point zero zero one zero two three three two Bitcoin so you can buy a very small
amount of Bitcoin a lot of people think that you have to buy a whole Bitcoin the
price right now is you know somewhere around ten thousand dollars give or take
when you're watching this maybe a few hundred bucks but the fact is you can
buy a very very very small amount you don't have to buy a lot now a lot of
people including myself believe that eventually the price of Bitcoin is going
to go to six figures and maybe even above that and I think that's actually a
real possibility over the next five to ten years so even by buying a small
amount you could actually be doing yourself a lot of financial good now
you're not gonna get rich off of ten dollars worth of Bitcoin but like I said
it might be enough to get you interested so here we go let's X out of here
because we're not gonna confirm the order right now now if you want to sell
that if I want to sell that 50 cents a Bitcoin I have here in my account right
now I would hit sell and then I could sell 49 cents so I charge a small fee
and just hit sell it's gonna facial ID again and I would just hit confirm and I
can sell my 49 cents a Bitcoin but I'm gonna keep that because it might be
worth three dollars one day um but that is how easy it is to buy and sell off a
Bitcoin now if you want to withdraw or deposit directly into
your we called a Bitcoin wallet on the cash app you have to verify so you have
to send them a picture of the front of your driver's license and the back of
your driver's license along with a selfie now you can see here mine says
verification in process or in progress that's because I actually try to do this
a few weeks ago and I got declined for some reason I don't know why I do think
my face is good I don't know what do you guys think drop me a comment if you like
my face I'm totally kidding don't do that unless you really want to umm which
I'm probably gonna get a lot of negative comments on my face that was really dumb
but anyways I digress so they declined my verification I don't
know if it was because I was outside and maybe there was too much Sun in my
picture but they are pretty particular about this so one of the reasons I tell
people to buy a small amount of Bitcoin on the cash app is because you do have
to go through that verification process to be able to send it off of the app so
you can't really do much with it you can either buy it or cash it out but if you
wanted to send it to a wallet and maybe make purchases with it then you would
have to do something totally different which is verify and then you're actually
going to have a cash app wallet that is going to help you to be able to send and
receive Bitcoin a lot easier now I would say this cash app is in the first step
of Bitcoin for a lot of people there are much more you know advanced exchanges
and Bitcoin wallets out there but this is a good first step if you're
interested now if you didn't know the cash app is starting to blow venmo away
this is a Google search and you can see or Google Trends you can see from 2014
to now that cash app is totally caught up with venmo it's the trendy the trendy
financial transaction app of choice especially the younger generation and
you may not have known this but this year the Google Trends may be similar
right now but cash app is blowing venmo away PayPal that actually owns memo you
may not have known that PayPal said venmo is on a 300 million dollar run
rate for the year however cash app
on a 540 million dollar rate for the year so much higher and also the cash
app has done 135 dollars in revenue over the over the quarter number one in 2019
it also did a hundred and twenty five million dollars in Bitcoin revenue that
it is not counting there so that's right square doubles down 125 million via cash
app in quarter two that was not quarter one quarter two hundred and twenty five
million dollars this is a booming app it's only going to be getting bigger it
won't be long before it absolutely just blows venmo off the map in my opinion
and it's good if you're in the crypto community as well because you have Jack
Dorsey who is a Bitcoin maximalist that loves Bitcoin only and he's really
helping to push this across his app across square which is a great thing in
my opinion as I love Bitcoin and I want to see more of it so that's all we got
for that this video guys hope you guys enjoyed this tutorial I know if you've
been watching the channel for a while you know this is a very beginner
tutorial unless of course you never use the cash app then maybe that was good
for you to see as well if you'd like to see more tutorials and more content like
this make sure you drop me a comment below don't forget to smash that like
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