Cash App’s instant P2P transactions are taking the US by storm with more than 36 million users actively using the app monthly. However, the basic sign-up limits a user in terms of how much they can transact. To increase your limit, one has to verify their account and we’ve provided a guide on how to do it.
Here are steps you should follow to verify Cash App and unlock higher transaction limits:
- Log in to the app or website and you will see a box that says, ”Verify me so I can transfer up to 1000…….”
- Click on “I’m done” and follow the steps they provide.
- You should receive a code through SMS
- Verify your account by entering the code sent to you
- Provide other details they request like your name, date of birth, and address
Cash App urges its users to verify their accounts so that it can reduce the risk of fraud and protect its users. By providing incentives such as a higher limit for transactions, more people will entertain the idea of verifying their identities.
Now let’s get into more detail
Table of Contents
Verifying Your Cash App Identity
Cash App like other peer-to-peer transaction apps encourages users to verify their identities because they just want to confirm you are who you say you are. Many people are taken in by the fact that creating a Cash App account is free and you can be done in less than 2 minutes.
From there a person can transact without necessarily disclosing their personal information unless they want to enjoy the full perks.
Cash App does not require you to verify your identity but then, basic account users have some restrictions for example; you can only send a maximum of $250 weekly and only receive up to $1000 in a month.
If you don’t expect to use the app for heavy transactions, you can choose to use the app as it is.
However, if you want the full experience, you just need to complete the below verification process. Cash App is not quite elaborate on how you do it but here are the steps
- Log in to Cash App and you should see a box saying, “verify me so that I can transfer up to $1000 instantly……” Click on the box saying “ I’m done”. You will receive prompts to follow and a verification code through SMS or via the method you selected.
- Verify your account by entering the code that was sent to you.
- Provide any of the details they ask for example; your name, address, zip code, and even the last digits of your social security if requested.
- Choose whether to add a bank card or skip the step.
- Choose a $Cashtag which should be your unique identity and should be a maximum of 20 characters.
Verification takes about 24-48 hours and so you need to be patient. Some people have even had to wait 3 days for their accounts to be verified so you should not panic if that happens.
They will notify you once verification is complete and in the meantime, you should see a “Cash App Verification in progress message.”
Cash App does not verify people under the age of 18 so make sure you are legal age before following the process.
Once your account becomes “unrestricted” after verification, your transaction limit gets bumped up to $7500 weekly and you can receive an unlimited amount monthly.
You will also be able to sign up for the Cash card which makes it possible to access your money offline from any premises that accept Visa
The Cash App Verification badge or Verified $Cashtag
A Cash App verification badge is different from normal verification. It is represented by a blue badge that appears next to a user’s cash tag. What makes it unique?
The verification badge offers an authentic presence for public figures who use Cash App. It is meant to be used by celebrities, public figures, and global brands. The badge appears on a person’s profile view, their payment receipts, and even in search results.
Having a verification badge doesn’t mean that Cash App endorses you. It just means you are a recognized public figure. It works like normal verification in common social media apps.
Currently, Cash App is not accepting $Cash tag verifications. Nonetheless, they have made it clear that if you change your $Cashtag, email, or phone number connected to the account, verification will be lost.
Cash App and Bitcoin
Cash App is quite popular right now partly because of how easy it is to purchase bitcoin. Cryptocurrency seems to be a big part of the future and people are jumping on the wagon early in preparation.
Cash App makes it possible for you to buy and sell BTC directly from your balance. It does require you to be verified though, to minimize the risk of illegal transactions. Buying and selling bitcoin on Cash App takes mere seconds and a client can even spend their funds from the free debit card you receive.
Cash App uses a quoted mid-market price that is inclusive of off-speed and margin. The mid-market price means the combined BTC price across the major exchanges and hence users get the average price. They also do not charge any additional percentage on Bitcoin purchases.
What sets Cash App apart from its competitors in the bitcoin department is that you can store your bitcoin on your Cash App account. You will not need to have another separate wallet to store bitcoin or assess your gains, making it a good place to start for first-time bitcoin buyers.
Clients have to understand that bitcoin is still unpredictable and its prices are quite volatile. So, clients should be responsible and only spend what they can afford.
Final Thoughts
Verifying your Cash App account is a simple process and should not take you more than five minutes. Furthermore, it makes your account more secure and allows access to other perks such as having a cryptocurrency wallet in the same app as your funds.
So, use the steps we mentioned to get your account verified and also be responsible with your money. Remember, there are many phishing scams out there and so do not share any personal information with anyone. If you need any additional information contact the Cash App customer support directly from their app.
