How Does Cash App Work? Find All Features, Use and Benefits

Fortunately, at this point in time, there are lots of online money sending & receiving apps to pick from. But, due to rising competition & matching services, sometimes, it becomes quite difficult to choose any best money transfer application. That's why many people could be seen asking- How does Cash App work? Or How to use a Cash App payment app? If these questions also linger in your mind off & on, this post is for you.

As many of us already know that Cash App by Square is a popular money transfer application. It supports both Android as well as iOS operating systems. Moreover, It offers a wide range of features beyond just money sending & receiving services. With the help of it, users can also do Stock trading, sell & buy BTC. Its different array of features made it just more than an app. In this post, I will show you how this smart application can benefit you in multiple ways. So, before I tell you how Square Cash App works, you might be interested to know how to set up a Cash App account.

How does Cash App Work? How to download & set up a Cash App wallet?

As I mentioned earlier, cashapp supports both Android & iPhone. So, you easily can go to Google Play Store or App Store and download it in just a few simple taps on your phone. You can easily identify the genuine Square Cash App mobile application as its official symbol is a $ sign in white color with green background. Once you complete the download, open it, and follow the below-mentioned steps to set up your cashapp wallet and link your bank account (debit card).

Open a newly downloaded cashapp on your phone.
Verify your phone number by receiving & entering a secret code.
The next screen will show you the country name. Make sure there is "US" as your country.
Now enter your debit card number, CVV number & expiry date.
Here comes an option where you need to enter your complete name.
Eventually, share your personal information like date of birth, billing address & SSN (last 4 digits)
Right here you can create your Cash App $cashtag and receive money from people.
Once you complete the process, you are all set to send, receive & request money with ease of mind.

How does the Cash App card work?

The working principle of Square Cash App is quite simple & straightforward. All the main features are quite visible and accessible in just 2-3 taps. From the home screen, you can select the add money option if you want to add money to your Cash App wallet or cash card from your linked bank account. On the other hand, press request money if you want money requested by your friend or family members.

Moreover, at the cashapp home screen, you will tab to check your available balance. Below the balance, you will get an option of cash out. Also, you will get the option to sell & buy Bitcoin. Don't be confused if you find a "twisted line" once you open the app. This "twisted line" icon will lead you to the Stock trading screen where you can check the share prices of many big companies. Also, if you wish, you can buy or sell the Stocks.

It is also worth noting that a card-shaped icon that you can see in an option bar leads to order & activate a Cash App Visa Debit card. That's not all; you can disable & enable your cash card.

Wondering, where is the Cash App setting button? All personal, safety & security settings you will find under your profile tab. Right here also, you can find a Cash App referral link which you can share and get $5 for free. Find below more information.

How does Cash App referral work?

According to the latest update, if any paid user (who has sent money) refers his friend to Cash App, he can earn $5 as a cashapp free bonus. Be informed that only sharing is not enough. Adding a bank account & making a transaction within 14 days using a debit card is also important for new users who signed up freshly. These are the steps to follow:

Open cashapp on your phone.
Select your profile.
Just below your profile picture, you will find "Invite Friend".
Now grant contact access to the Cash App on your contacts.
Find & select the people who don't use cashapp.
Then press the send button.

How does Cash App Bitcoin work?

You also can buy, sell, and store BTC with ease of mind in your cashapp wallet. To do so, press the $ sign icon available at the home screen. Now press the buy button if you want to purchase BTC or hit sell you want to earn money selling your BTC. Personally, I would like to say the Bitcoin trading steps are quite simple. One more important point to bear in mind is that there are two types of Cash App bitcoin fees: service fee & exchange fee. Both fees are dynamic and come into your view while doing BTC trading.

How does Cash App work to sell & buy Stocks?

Frankly speaking, I never imagined that a naive person, like me, would buy shares of many giant corporations like Tesla, Facebook, Twitter, and so on. You will be glad to know that Stock trading is free on Cash App. Read more about Cash App Stocks.

Does Cash App work in Nigeria or overseas?

Sorry to say but as of now by writing this post, July 2020, Square Cash App doesn't work in Nigeria, Kenya, or any other country in the world except the US & UK. Though with the help of VPN you download Cash App. But, even then the chances are high that either you will not be able to complete the sign up or if you anyhow managed to do so, your account will be closed very soon. Why? Because accessing cashapp outside of the US & UK is not permissible.

Final Say

Finally, coming to the end of today's post: How does Cash App work? After knowing How Cash App works, you might have realized how beneficial this one payment app could be for you. Sorry, I forgot to tell you one thing about how to enable Cash App direct deposit. Open the link and get aware of this free paycheck withdrawal service.