I knew of the Cash App for a while, but I wasn’t sure if it was legit and risk-free. Could you receive free Cash App money without being scammed? Well, you’ll find out in this post. I’ll even leave you with a Cash App free money code!
Yes, there are scammers on Cash App.
But the truth is that every money app has scammers.
So I downloaded the app to get the complete experience. E
ven my son uses Cash App now (they opened the app up to teens in 2021).
It’s prudent to say that there are many legitimate ways to get free money on Cash App.
I’m one of those ‘users of all cash transferring apps.’ “Need to pay me with Venmo? Cash App? PayPal? I got you!”
I’m looking forward to sharing the specifics with you below.
What Is Cash App, And Is It Safe To Use?
According to the Cash App, it’s apparently the easiest way to send, spend, bank, and invest. Of course, they would say that!
But yep, it’s pretty dang easy. And it’s free. It lets you send and receive money, accept direct deposits, move money between bank accounts, and participate in the stock market.
And now, you can even buy bitcoin.
It’s owned by Square, Inc. which is changing its name to Block to stay relevant in our new meta world (but that’s another story).
There are several ways to obtain free money on Cash App Just be sure to be safe.
Treat the cash app just like you would treat — well — cash.
Is Cash App a genuine app?
Sure. Like most name-brand money transfer apps, you will have no problems using Cash App for the purposes it was designed for (sending payments, managing deposits, investing – now even bitcoin).
Is the Cash App secure?
Yep. Cash App is safe. Just don’t go transferring money to people who are attempting to cheat you.
Just use some basic logic and you’ll be ok.
Before you hit “send,” be sure you know who will be receiving your money.
Yes, you can send money to the wrong person. And yes, it’s tough to get this money back.
Alright, now let’s go make some free cash on the cash app!
Related Reading: How To Add Money To Your Cash App Card – Click Here To Learn The Way.
Cash App Pros
- Sign-up bonus with referral bonuses
- Seamless user-to-user transactions
- Straightforward interface
- Investing for beginners
- It comes with a prepaid debit card for budgeting
- It’s just all around easy…
Cash App Cons
- Only available to US and UK residents
- Making errors with sending payments is practically irreversible
- App to bank account transfers may take up to two business days (you can pay a fee to speed up)
Methods To Getting Money For Free on Cash App
With Cash App, there are just a few legitimate ways to make money.
It’s simple to acquire money using the app, but you should be wary of the scammers that are out to defraud users.
I’ll go over them in more detail below.
1. Sign up with the app and send $5 to receive $15.
In just a few minutes, you can install Cash App on your phone.
You’ll be able to submit a Cash App referral code for a bonus when you initially download the app.
For example, my code you can use is: FDZTGNT — go ahead 😉
When you send funds for the first time, you instantly get $15 if the amount exceeds $5.
2. Refer your friends and family for $15 each.
You’ll need to spend at least $5 to trigger your Cash App sign-up bonus once you’ve joined the app.
The simplest method to do this is to encourage a friend (or your mom!) to download the app.
Then send them some cash, and have them send it back to you.
Each of your friends will receive up to $15 if you recommend them to this free money hack.
Make sure to emphasize the necessity of entering the Cash App free money code into their app.
They have to spend at least $5 to a contact using the app. [if you’d like a code, mine is FDZTGNT].
You can even request that they send the $5 to you to return it immediately.
That way, they won’t have to pay anything to get the bonus.
Cash App pays referral money in this manner. Plus, you’ll get that nice bonus for your friend as well!
It’s a win-win situation.
3. Set up a direct deposit and receive $100.
When you set up a direct payment to the Cash App, you’ll get $100 in free money. [this deal isn’t always available, so you’ll have to confirm that’s it’s being promoted to you].
You have to use your unique routing and account number in Cash App or complete a deposit form with your employer.
This is a great way to receive your monthly paychecks.
You can actually receive up to $25k per direct deposit, which is pretty solid.
4. Use Cash App to invest in stocks.
Cash App makes it simple to start investing in the stock market, even if you’ve never done so before.
It’s been really interesting to see the blast of fintech apps hop on to the scene to make investing easier – and heaven forbid, a bit of fun.
You can invest and profit daily. Individual firm stocks (riskier at times) or Exchange Traded Funds (typically safer) are your two options (ETFs).
ETFs are still volatile, but they spread your money out rather than putting it all in one company’s stock. You might want to invest in the S&P 500 ETF.
It’s an index of the 500 largest publicly traded firms in the United States.
@brooksconkle Friends asked some #investing advice so made this. #stockmarketcrash #stockinvesting #smartinvesting #wiseinvestments #stockmarkettips #sp500 ♬ original sound – _ritikaaaa
Even if a few strong companies suffer a setback, the rest of the market usually recovers.
You can put as little as $1 into a company’s stock or an ETF recommended by the app.
That’s one of the new advantages of investing using an app.
Most even allow fractional ownership, where you invest $1 and own just a piece of 1 share of a company. It’s great.
To invest with Cash App, you must be at least 18 years old and a resident of the United States.
Robinhood is another app that allows you to buy and sell stocks.
New members can open a free account and receive a bonus stock worth anywhere from $3 to $220.
Robinhood has also made investing ‘fun’ and is another member of these gamified apps.
Related Reading: How To Get A Cash App Card Under 18 – Read The Secret Here.
5. Use Cash App to Invest in Bitcoin.
Bitcoin (BTC) is the most popular cryptocurrency among cryptocurrency investors.
Cash App makes it simple to invest in a fraction of a Bitcoin.
Each Bitcoin purchase is subject to a fee, which varies depending on the amount purchased.
When you sell your Bitcoin, you’ll be charged fees, which can vary depending on market conditions.
Bitcoin is touted as digital gold. It has loyal followers and strong opponents.
Do your own due diligence before investing in bitcoin or other cryptocurrencies.
Related Reading: Cash App Vs Venmo Vs Zelle – Read The Full Comparison Here.
6. Use Cash App for business & personal use.
Flipping your used products on Facebook Marketplace or Craigslist can also earn you money on Cash App.
Many sellers will state how they wish to be paid, which in your case is through Cash App.
PayPal and Venmo are two options to Cash App that you might prefer.
When it comes to receiving payments online, these apps are similar to Cash App.
If you’re doing personal shopping you can use Boosts from Cash App to gain extra discounts.
This would be similar to something like iBotta (another great option for getting cashback when you shop).
7. Follow Cash App on Twitter.
If you follow Cash App’s social media channels, you’ll find chances to get free money.
Videos, graphics, and links to instructions on entering to win are all shared on the Cash App.
Follow the on-screen instructions, making sure to include your “cashtag.”
The company picks winners at random and delivers them free money, stocks, or Bitcoin.
Just keep watch, do what they say, and maybe you’ll be one of the next lucky winners!
Goodbye 2021, you were okay.— Cash App (@CashApp) December 31, 2021
Welcome 2022, please be better. We’re giving away $50,000 today. Share this post with your $cashtag for a chance to win $500, $250, or $100 #CashAppyNewYear
No purc nec. Void where proh. Ends 12/31 https://t.co/NJKNlvYknb pic.twitter.com/4s4AOmt4iz
Are Cash App and CashApp the same?
Cash App is frequently written as CashApp, which is actually a different mobile app.
They’re even both green, but they are not the same.
Square, Inc.’s Cash App is a money management app that lets you move money between users, invest, and perform debit transactions.
Free International Calls Software, Ltd’s CashApp app allows users to earn money online by doing simple tasks.
Both can be used to earn money, but different companies (I can only imagine they are having an active name battle!)
Scams To Avoid With Cash App
Square, Inc.’s Cash App is connected to some shady deals (not at the fault of Cash App!)
These scams are unrelated to Cash App, yet they have tarnished the app’s reputation among some users.
Learn to spot scammers before they reach you rather than avoid perfectly genuine money-making apps like Cash App.
Anywhere money changes hands, con artists follow. It’s unfortunate.
They promise to be able to invest your money and earn from it.
While there are legitimate ways to make money, sending money to an unknown person is not one of them.
These flippers claim to take your money, invest it, and then return more money to you.
Scammers might get you to send them $10. It’s just 10 bucks.
They’ll provide you a return on your investment ($15 maybe?)
Then they might persuade you to send them a larger sum.
If you send a stranger money, it’s near impossible to get your money back.
Another common scam is when someone asks for a deposit to hold an item that they are selling.
This scam is most common when high-value products like significant appliances or automobiles are being sold for a low price.
The fraudster offers an unbeatable deal on the item and requests a deposit via Cash App to “hold” it.
Then they will block you as soon as you make the deposit, and your money will be lost forever.
Related Reading: How To Transfer Money from Venmo To Cash App – Read The Post Here.
While the Cash App payment app isn’t perfect, it works well has provides legitimate ways to make money quickly.
You may need money today. Break out your cash app and invite your friends to make some cash.
Cash App is a good choice if you want the convenience of sending and receiving money from anywhere.
Plus, it doesn’t hurt to get free money here and there. In today’s world, everyone’s going cashless.
Join the party.
Don’t get left behind!
The money you get from Cash App can’t replace your full-time income, but it’s an excellent way to get some extra spending green in your pocket.