If you have recently got to know that you can trade with stocks on Cash App, then you have heard it right. Yes, you can easily buy and sell Stocks on Cash App using your Cash App account. On this app, investing in stocks is quite convenient and anyone who has a Cash App account can do so. There are multiple advantages of buying stocks through this app as you can trade with a very little amount as well. You do not need to pay any fees to invest and you are not required to maintain any minimum balance in your account as well.
The stocks available on this platform are also secure to invest in and Cash App has included some renowned names in its stocks list. Thus, if you have made your mind to invest in Cash App Stocks, then this guide is going to be helpful for you.
Buying stocks on Cash App
Buying Cash App Stocks is an easy process and here is how it works:
- Tap on the Cash App icon on your screen to open Cash App
- Now click on the icon that looks like a graph
- This icon is the fourth one on the Cash App home-screen
- Further, your screen will display the two options: “Stocks” and “Bitcoin”
- From the two, you need to click on “Stock”
- The next screen will show you “Companies list” and “Companies Stocks”
- Now, select the company whose stocks you want to buy
- Then, click on the “Buy” option to proceed further
- Enter the amount you wish to buy stocks for and click “Next”
- Click “Confirm” and complete the identity verification process
Note: You may have to undergo the Cash App login process if you are not logged in to your account already.
How to make money off Cash App stocks?
By selling the stocks you have purchased lately you can very easily make money off Cash App Stocks. If you do not know how to sell Cash App stocks, then you have landed at the right place. We shall tell you how:
- On the Cash App home screen, click on the “Investing” tab
- Now, go to the “My Portfolio” tab
- And, then you need to select a company whose stocks you wish to sell
- Review the details and click “Sell”
- Select a custom amount or enter the preferred amount
- Now, you can confirm the transaction using your Touch ID or PIN
How do I cash out my stocks on Cash App?
- Click on the “Banking” tab on your Cash App screen
- Click on the “Cash Out” option present under “Cash Balance”
- On the Cash Out menu, you will see the full balance in your account
- Now, enter the amount that you wish to transfer
- Upon making your decision, click on the “Cash Out” option
- Now, make the selection for how you want to deposit the money
- You can choose from the “Standard” or “Instant” option
- Follow some more prompts to complete the process
If you withdraw the full amount and you wish to use Cash App for making transactions, you can still add Money to Cash App. Knowing that, let us now try to understand some advantages and disadvantages of using Cash App.
Cash App Stocks Pros and Cons
If you want to avoid any hurdles during your pathway to invest in Cash App stocks, then you must know the good and bad sides of Cash App.
- It is easy to buy and sell stocks on Cash App meaning that Cash App Stocks involve a beginner-friendly process
- They do not charge you any fee to invest in stocks
- You do not need to hold a minimum account balance because you can trade with as little as $1
- Options to choose from multiple stocks
As such, there are no disadvantages of Cash App Stocks. However, if you are a professional trader or investor, then you may not find it as interesting as other platforms. Also, you are not provided with any personal assistance as well as tools that can help you know about market fluctuations.
As you can clearly understand from this article, investing in Cash App Stocks is a beginner-friendly process. So, if you are new in this field, then you can start investing with as little as $1 on Cash App. We hope that we were able to help you in gaining essential information about buying and selling Cash App Stocks.