Buying bitcoin via square

After publication of this article, a Square spokesperson confirmed that Cash App is rolling out a new fee structure for bitcoin trades. Get our newsletter Subscribe. With a flat 1. Additionally, Cash App updated the language on its website clarifying the types of fees it would charge for each transaction the second fee, it should be noted, is dependent on market volatility :. Year in Review

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As mentioned in bitcoln previous post on the subject, buying bitcoin with Venmo is difficult, while buying bitcoin with Square Cash, its rival, is not. Like Venmo, Square Cash is an app you can use vix send money to your friends. Unlike Venmo, Square Cash comes with a built-in bitcoin wallet. Take a look at this tweet to get his feelings on Square Cash and bitcoin. In Novemberjust as the price of bitcoin was taking off, Square Cash began experimenting with bitcoin trading.

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Digital payments company Square is rolling out the ability to buy and sell bitcoin to more users of its popular Cash App. The company announced today that, following news last year that it was testing the feature with a limited number of users, the option is being expanded further. That said, users in the U. The app allows users to send payments to their friends and family, though notably, they may not be able to share funds to generic contacts on their phones. The company began trialing the bitcoin buy option last November, letting select users buy or sell bitcoin through their accounts. This is a small step. In addition to the bitcoin integration, the company also released a dedicated web page explaining bitcoin and how its underlying technology works.

Using the Square Cash App to buy Bitcoin

Step 1: Download Square Cash

If so, the fee will be listed on the trade confirmation before you complete a transaction. If you plan ubying holding onto your Bitcoin for a while you may want to keep it somewhere safer than your Square Cash squuare. Share This Story. Former Google director Steve Lee was recently named as the first new hire for this team, though his role has not yet been specified. SBI Group. You just sold some Bitcoin. Mt Gox. To start, open the app and hit the icon in the buying bitcoin via square left corner.