Watch this before buying Bitcoin on Cash App
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- Опубліковано 31 тра 2024
- Before you start investing in Bitcoin on Cash App, you should know when you should be using Cash App and when you should not be using Cash App. In this video I show you why Cash App is great method for buying Bitcoin as a beginner, and the situations where you would want to avoid using Cash App for stacking sats. Stick around to the end of the video for a strategy on how to get free money by NOT using Cash App.
♊️ Sign Up for Gemini and get $10 of BTC when you Trade $100:
rhett.blog/gemini
💰 Download Cash App and get started buying Bitcoin ASAP with a great UI! Try it using my code and we’ll each get $5:
cash.app/app/GQCKFMG
Intro 0:00
What is Cash App? 0:37
Cash App vs Exchanges 1:36
Why Cash App is Great 4:15
Should You Use Cash App? 6:44
Which exchange do you use to buy Bitcoin?
Do you know how I can buy Bitcoin as a teenager
You might be able to use Atomic Wallet on iOS/Android. The fees are a little higher but I don’t think they have any KYC requirements. If that doesn’t work try googling to find a Bitcoin exchange with no KYC (know your customer). You also might be able to make an account with your parents or find a Bitcoin ATM in your area. Stay safe out there though don’t get into any eBay Bitcoin scams or sketchy local Bitcoin meetups. Hope that helps :)
Cashapp, PayPal and Coinbase. I'm tired of all the exaggerated buying and selling fees. The per transaction ratio is insane.
Yeah it’s insane, totally not worth using those platforms IMO. Strike and Gemini are the only exchanges I’m using.
Do you know where I can find the hash/transaction ID in cash app?
I'm actually new to bitcoin, in the studying but while I'm studying I am making sure I use cashapp as a beginner. Ultimately my goal would be to move onto APIs like Gemini to become more involved. Highly informative video. Appreciate the breakdowns!
Happy to help! Cashapp is a great place to start :)
Moving over to Coinbase or Gemini would be great next step.
Thank you so much for the infro.
No problem Angela :)
Thanks Rhett! I learned some good stuff since I'm new at BTC but not finance so this all made perfect sense. I'll ck out some of your other vids. Bless up!
Glad to help, let me know if you ever want me to make a video explaining something better :)
yes gemini tutorial!
Yes!! Gemini is the best 🥳🥳🥳
Here’s the link! m.ua-cam.com/video/h6r1h3am6kA/v-deo.html
I watched this video to find out if it’s a good idea to have my actual dollar profits go into my cash app so I have the ability to use it as my personal account since I have the cash app debit card?
killing it!
Thank you king 🙏👑
Cheers mate !
🙏🙏🙏 cheers!
I got $3k
Nice!
Hi, I don’t know what Gemini is. How do I transfer bitcoin to Gemini.
What is blockfi?
You need to create an account on Gemini. Blockfi no longer exists.
I love using Gemini, but on my novice level I can't figure it out. Can you do a video for dummies on Gemini? Paul Brantley
Try this one: ua-cam.com/video/zyRSjxqvApc/v-deo.html
I do not have those 5 icons at the bottom of the cashapp only the recieve and pay butyons then underneath 2 icons a bank and a £ sign?
Possible that the UK version of Cash App is different / doesn’t have bitcoin?
@@RhettReisman Nope im afraid it doesn't yet uk as always lol
Gahh! 🤦🏻♂️🤦🏻♂️🤦🏻♂️
Please do a Gemini tutorial
Good news Cassandra, got a full step by step tutorial to automate your purchases with Gemini for you here: ua-cam.com/video/h6r1h3am6kA/v-deo.html
Yes I have Gemini account. How to use Gemini to transfer bitcoin from my broker?
If you're looking to transfer Bitcoin off of your current exchange I'd recommend watching this video about the best ways to store Bitcoin: ua-cam.com/video/tSqykMnQskg/v-deo.html
If you're looking into how to use Gemini I have a helpful video here: ua-cam.com/video/h6r1h3am6kA/v-deo.html
That shows you how to use AWS scripts to automate all your Gemini buys and transfers :)
How much bitcoin is required to buy on Gemini. Is Gemini an app. Is the App free? ( if it’s App)
Gemini is an app - it's free on the app store. It's also a website gemini.com
gemini tutorial please.
Got u homie 🥳 ua-cam.com/video/h6r1h3am6kA/v-deo.html
Did u do a video on gemini
Yes! Here it is: ua-cam.com/video/h6r1h3am6kA/v-deo.html
@@RhettReisman ok thank u i noticed the fees are too high and I'm learning how to do it
Yes :) the fees on Gemini (using the API) are like 20x lower than cash app
When you look at fees and ur account with cash app and Bitcoin has gone up 50 percent vs you not buying Bitcoin worring about fees seems pointless
It might seem that way, but you’re not making the right comparison.
I accidentally deposited some Bitcoin into my external wallet and I would like to be able to retrieve it and move everything to Gemini. I haven't done alot of trading withdrawals or deposits. Mostly buying. Could you please assist me in anyway? I would be happy to compensate you for your time. Thank you in advance for your cooperation and consideration in this very important matter to me.
Feel free to DM me on Twitter @rhettre and we’ll figure out a time that works and see if I can help :)
Have you lost your money or crypto to scammers? I recommend marmoncode, he will help you recover every single dime you've lost.
@RhettReisman I am buying about 300$ a month in bitcoin but I'm not keeping and I instead purchase stuff with it should I keep it a cold storage? or hot storage? Does it matter what app I'm using?
Doesn’t matter. If you spend it every month a mobile phone is probably good enough. If you have more than $1k at a time probably think about getting a hardware wallet
Great Stuff. I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $472,000 within 4 Months with a capital of $200,000. keep it up Rick
MY NAMES NOT RIIIIIIIIICK - Patrick Star 1999
Plz do Gemini also
Gemini video here: ua-cam.com/video/h6r1h3am6kA/v-deo.html
🥳🥳🥳
Please do a Gemini tutorial 💪
ua-cam.com/video/h6r1h3am6kA/v-deo.html
Here’s a video about the best way to use Gemini. Let me know if you still want to see a general review or any other info about Gemini.
Too bad Cashapp is my only option for any crypto at the moment because my License is expired. I've tried making accounts to coinbase, and Webull with no success.
Damn :/ yeah cash app probably one of the best options then
What do mean License? do you need one to buy bitcoin?
You need a drivers license or some kind of ID to get access to Cash App (like any other bank)
How to I transfer with ach to avoid fees
On cashapp or Gemini?
@@RhettReisman how do I use the ach process
In Cash App I think ACH is the only way to deposit money.
In Gemini you go into deposit and choose from bank account
I wanted to avoid fee from linking my bank
In the US there is no fee for depositing via bank account (ACH)
What is the fee to sell Bitcoin on cash app
It should be roughly the same as the fee to buy
Can you buy bitcoin to make money out of it?
There are companies and protocols that allow you earn yield on your Bitcoin. (Not financial advice)
Ex: BlockFi, Gemini, Celsius etc
Can I use cash app to send bitcoin to other wallet internationally
You can withdrawal Bitcoin from cashapp to any Bitcoin wallet address. You're just paying a lot of fees upfront
Nobody talk about taxes, I wonder how you keep control about it.
The way I keep control of the taxes is by never selling 😎
If you do a lot of buying and selling you might need to keep track of your individual transactions and either learn an accounting method like LIFO or FIFO or consult with a tax professional (Think people who are not tax professionals - like me - are also hesitant to talk about tax details on the internet)
What about using a none KYC broker like KUCOIN, and first getting all your Gemini stable coin off of Gemini
Is KuCoin 0 KYC for deposits/buys/withdrawals? If so definitely good if you’re looking for no KYC
@@RhettReisman yeah i have to check today but they do allow you to buy Crypto off there now, allbeit with higher fees. Not sure if they ask for identity. I personally believe kucoin has the most to offer, deff something to to look into if you haven't already.
I think I bought some alts on there (ew) back in 2018. I’ll have to check it out again and see the fees
That's not true. I've never paid a penny for transferring any bitcoin. You can do it for free, it can take 24 hours tho.
Oof my bad thought I saw something about that on their fee structure page. Still much higher fees than Strike / Gemini.
Says pay fee
I want to send 💯
Send it 🔥
I can’t find simple instructions anywhere. Here there is a History lesson. On another ‘instructional video’ he babbles on about each function along the way, yet another one can’t see his ‘phone screen. You guys are geniuses but you need to learn to break it down to step 1, step 2 etc. Still have no clue how to sell the Bitcoin. 😢
Thanks for the history lesson! Let me know if you have specifci questions.
I'm sorry but i still don't get it 😭
:( which part confused you?
@@RhettReisman everything....also, do we have to be clear of debt to start investing?🤔
Like me too. I am lost. I want to use CASH to buy BITCOIN for 2nd tier trading. But I need a step by step of how to do it. The video is just too fast for me. Can you help please
i just wanna buy clothes bro😂
Sold all my clothes yesterday to buy more btc
He the owner... that was just murdered?
Yeah very sad :(
Inter
Milan?
I put about $15 and I’m CONFUSED on how to keep up w it 😂 help.
Not sure what you mean haha. You put $15 into cash app?
@@RhettReisman he’s saying he bought $15 worth of bitcoin though cash app and he wants to know how to keep track of his bitcoin
You can use a spreadsheet to keep track of the cost basis. There isn’t a cash app API or anything for you to extract data
Did u ever find out how it work
I’m not aware of a way to automatically pull data from cash app if that was the question
All my life u have never came across someone has legitimate has the name above..
I’m unique 🦄