Investment is an effective way to gain financial prosperity. And in this sector, bitcoins are now a crucial option. In this case, bitcoin is a lucrative option. To invest in bitcoin, you can easily use Cash App. But we see that many investors do not feel confident sharing their personal information and data with Cash App. Actually, this is not only applicable to the Cash App but also to any money app. So, many people search answer for how to verify bitcoin on Cash App without ID. We detail the process in this article.
Reasons for not being Verified in Cash App
- Not assured about the security of personal and financial information.
- There is some chance of your Cash App account getting hacked.
- You are not making any profit from bitcoin; in that case, avoiding taxes is essential. To make things simple, you do not want to be verified on Cash App.
- You are a non-US national having greater willingness to invest in bitcoin by using Cash App.
- You are aware that Cash App will reject your identification proof.
- Bitcoin trading is very personal; you don’t want anyone to know that you are a bitcoin trader.
- In some cases, your bitcoins may be sized in relation to any discrepancies that you may have conducted. Here, the unverified option can restrict the sizing as your account is anonymous and not connected with your true identity.
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How to Verify Bitcoin on Cash App Without ID?
Here, we describe two effective and proven methods to verify bitcoin on Cash App without Id.
1. Using PayPal as a Medium
Cash App won’t allow you to buy or sell bitcoin without verification, but you can bypass it using PayPal.
Link Your PayPal Account to Cash App
- Go to your PayPal account.
- Go to the scroll-down menu on the main screen (three dots on the top-right side of the screen).
- Identify “Direct Deposit” and click on it.
- From here, collect your ABA routing number and bank account number (linked with PayPal).
- Login to Cash App.
- Press “Balance.”
- Now press “Cash Out.”
- Type the investing amount (USD) you would like to invest in bitcoin.
- And select PayPal to transfer the amount.
- Now, select “Standard Transfer.”
- The system will request your banking information.
- Insert the already-collected ABA routing number and bank account number.
- Click the “Next” button.
- Confirm your transaction. The money will be available within 48 hours.
We should mention here that if you want to purchase bitcoin instantly, you should follow the below method.
- Go to the Cash App account.
- Click the “Balance” button.
- Enter the respective amount you want to transfer to PayPal.
- Select instant transfer (a 1.5% fee is applicable).
- Confirm the transaction.
- The respective amount will be promptly transferred to you bank account.
- Upload the money to your PayPal account.
Buy Bitcoin with the Cash App’s Money
- Go to sites like “eToro.”
- Create an account.
- Login with the set ID and password.
- Find and enter the “Cryptocurrency” section.
- Select “order” or “trade.”
- As you are purchasing, select “Order.”
- Type the amount you want to purchase.
- Press “Deposit.”
- Select PayPal as your deposit source.
- Now you have purchased bitcoin with your Cash App money.
Please note that in this process, you cannot conduct the purchase by being totally anonymous.
2. Verifying Bitcoin on Cash App by Being Fully Anonymous
This method is highly suitable for non-USA citizens who are in great need of a verified Cash App account to do bitcoin trading. Well, as there is no way to bypass Cash App verification (Cash App is legally bound) to do bitcoin trading, why not purchase a verified Cash App account? There are many sites that sell verified Cash App accounts, and you can easily get one by contacting them.
This will cost you, on average, $60 to $100. Please note that this is not a legal method. And we are not involved in such business. This is just to help you if you are in great need of a verified Cash App account to trade bitcoin but cannot verify it or don’t want to get it verified.
We hope that we have clearly explained how to verify bitcoin on Cash App without ID. In actuality, there is no way you can avoid verification on Cash App if you want to make a direct purchase of bitcoin through this money app. Using Cash App was easier and didn’t require so much documentation earlier. But with its growing popularity and to restrict fraudulent activities, users’ verification with their SSN is now mandatory. However, you can send or receive small amounts ($200 at a time) of money without verification. But it is not applicable to bitcoin trading.
Frequently Asked Question
In general, Cash App takes 24 hours to verify an account holder’s ID (SSN, address, etc.).
It usually takes 48 hours. Still, if you are dealing with a huge amount, the verification process may take a few days and sometimes even a week.
If you are buying bitcoin, there are two possible cases: not enough balance and verification failure. If you are selling, the verification failed. It is better to check with Cash App customer care to get a resolution of the issue.