Get $5 Free
In my few short months learning all the ways to make free crypto through faucets, mining, offer walls and more, I often come across users who are looking for ways to purchase Bitcoin in small amounts without having to pay hefty miners fees or transaction costs that many traditional crypto wallets charge.
Unbeknownst to me until about six weeks ago, I was carrying around that very tool in my pocket.
The Cash App
Many of you have probably heard of Square. Heck, a lot of you may even have a Square reader for taking credit card payments for any number of reasons. You can plug it into your phone, iPad or even a Chromebook and boom, you're taking payments at your kid's lemonade stand and for a small fee, the money will go straight to your bank.
We use Square for a lot of different purposes on websites that we build. Tickets, t-shirt sales, PC auctions, you name it. It's quick, easy and painless. If you've ever frequented a food truck or a mom and pops shop on the corner, you've probably used a Square reader.
What you may not know is that Square launched a little app, simply called Square Cash, back in 2015 as a peer-to-peer cash transfer solution. Since then, the Cash app has garnered over 7 million users and is one of the most widely used p2p apps in the world.
Simply connect your debit card to the app and when you want to pay your buddy your share for the pizza, just send him Cash via the app. It pulls straight your account or Cash in the app if you have it and at no charge to you are the recipient, the transfer is done.
If you have received cash to the app, you can "cash out" directly to your bank account instantly for a 1% fee or 1-3 business days for FREE! We use this app all the time around the office when splitting expenses for travel, airfare and even coffee. It's simply the best.
Well, a couple of months back, Square Cash added support for purchasing and selling Bitcoin. You can buy as little as $1 and the transaction fee is minimal compared to the fees charged on the Blockchain. Buying $100 in BTC cost me roughly a dollar the last time I made a purchase.
The best part?
It's instantaneous. As soon as you make the purchase your Bitcoin balance its updated. You can watch live price charts in the app and if BTC prices start to rise you can instantly sell and make a little profit as the cash is added immediately to your Cash balance.
Rinse and repeat and you can turn a quick little profit in just a matter of hours. You also have the option to add an external wallet to withdraw your BTC if you so choose.
But wait, I said you can get $5 free and you can. By simply downloading the app from the Play Store or iTunes and using the link below, you will be instantly credited $5 the first time you send $5 to someone.
https://cash.me/app/RBNHJJV
If you don't know who to send the money to well, that's easy. Find the closest person in the room and have them download the app then you can BOTH make $5 free. If that won't work and you really can't find someone, send me $5 and I'll send it right back but I'm pretty sure you won't have a problem finding someone who could use a five-spot.
When using the app to buy BTC, be cautious. Start slowly with small amounts to see how able you are to stay on top of price fluctuations and certainly don't invest money you can't afford to have out of your hands for an uncertain amount of time.
If you keep a close eye on the price, it's pretty simple to turn a profit regardless the size of your investment.
Anyway, I hope this helps you along your way to becoming a crypto expert. If you've found this enlightening and would like to show your appreciation, you can tip me at the BTC address below. Many thanks and see you for the next Bitcoin 101.
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