You Can Now Buy Bitcoins Using Square Cash App On iOS Or Android

It’s impossible to avoid all of the noise being created about cryptocurrency and Bitcoin in particular.

Seeing this, it should come as little surprise that Square Cash has now also joined the fray, with Square and Twitter CEO Jack Dorsey saying that the app will allow Bitcoin trading because the company now sees it “as a long-term path towards greater financial access for all.”

While the Square Cash App is far from the first iOS app to make it easy for users to buy and sell Bitcoin, it does represent one of the most popular around and, thanks to already having a sizeable user base, the app will likely be one of the most popular solutions for trading in the cryptocurrency right out of the gate. Following the release of the new iOS and Android app update, Square Cash makes it easy for users to take their Cash balance and instantly buy Bitcoin. Selling is a similarly simple affair, with just a few taps required.

The Square Cash App may have initially launched as an easy and quick way for people to send and receive money between their friends and family, but that has not stopped it from steadily adding more features that has turned it into a more fully fledged financial app. There is even a physical debit card that can be used, making it easy to make purchases in stores where Square Cash’s Apple Pay integration is not accepted.

Of course, Bitcoin is not like any other currency and Square is keen to make sure users realize that – going so far as to offer a paragraph of text outlining its volatility on its website.

Bitcoin’s price is volatile and unpredictable, so please make wise financial decisions. Don’t spend more than you can afford, and review the FAQ and risks to buying Bitcoin before you buy.

Something worth remembering whether you use Square Cash or not, really.

Also check: How To Buy Bitcoin From iPhone Or Android Device The Easy Way.

Samsung Is Reportedly Working On Cryptocurrency Mining Hardware

Bitcoin is everywhere right now, and with prices continuing to be as volatile as ever, that fact is unlikely to change any time soon. Mining for Bitcoin is not something new, but with the current prominence and popularity of the cryptocurrency, everyone is looking at it all over again.

Now it would seem that technology giant Samsung is looking to get involved, with the firm said to have begun manufacturing ASICS, or application-specific integrated circuit hardware that is specifically designed for cryptocurrency mining.

If accurate, the report claims that Samsung will begin supplying an as-yet unnamed Chinese mining device provider with hardware immediately. The report, which comes from South Korean outlet The Bell, also claims that the China-based partner will then go on to re-distribute Samsung’s chips.

While Samsung has yet to officially enter the cryptocurrency fray, this should perhaps not be all that surprising. Samsung has form, although only as far as a concept for an experimental mining system is concerned, according to The Next Web.

Indeed, Samsung showcased a concept for an experimental “upcycling” mining rig that was built out of 40 old Galaxy S5 phones back in October last year. A couple of months later, the company reportedly signed an agreement with Russian-based Bitcoin mining hardware firm Baikal that would see Samsung supply them with ASIC chips.

With cryptocurrency being on the tip of everyone’s tongue right now, Samsung is not the only company looking to get involved. Kodak, too, has revealed its own mining hardware, although we do suspect Samsung is better placed to make something that will be well received by those looking to kit themselves out with mining hardware.

Also check: How To Buy Bitcoin From iPhone Or Android Device The Easy Way.

How To Buy Bitcoin From iPhone Or Android Device The Easy Way

Barely a day goes by right now without someone bringing up the subject of Bitcoin, and with values hitting all-new highs of late, it is easy to understand why so many people are asking about the cryptocurrency.

While Bitcoin is so popular and, importantly, so valuable, there will always be people looking to get in on the ground floor and see what all the fuss is about. Thankfully, that is fairly easy to do, and it can all be done from your smartphone.

Whether you are using an iPhone or an Android device, Coinbase is an app and service that will make it as easy as possible to get started with Bitcoin. Whether you are dipping your toe in or taking things to the next level, Coinbase should have what you need. Here’s what you need to do.

Step 1: Open Safari or Chrome and sign up for Coinbase using the link here. Verify your identity. Yes, we know Bitcoin is supposed to be all private and such, but if you want an easy way in, this is the price you pay. The process will differ depending on your country of origin, too.

Step 2: Download the Coinbase app from either the App Store or Play Store.

Step 3: Once all verified, you will need to connect your bank account to Coinbase. Again, the process will be different depending on where you live, but if you’d prefer to use a credit card or debit card, you can – just be aware the limits may be lower.

Step 4: Buy your first Bitcoin. It may take a little while for your identity to be confirmed, but once that has happened, going to the Coinbase home screen will show you the current price. Tapping the Buy button leads to entering the amount of Bitcoin you want to buy. Now just select the wallet you want the Bitcoins dumped into and away you go.

Step 5: This is an optional step, but if you want to sell Bitcoin, then simply tap on Sell from the Coinbase home screen. You’ll need a bank account connected in order to withdraw your cash, but once you tell the app how much you want to sell, you’re all done.

Just remember folks, Bitcoin can go down in value as well as up; there really is no such thing as a free lunch.