How to Make Money on Cash App in 2024? - Coindoo
How to make money on cashapp

How to Make Money on Cash App in 2024?

Editorial Team Avatar
Mar 15, 2024
12 min reading time

Be it crypto or fiat, it will always be fun to earn free money, right? And while the rewards are not always so significant, some of them can reach surprising amounts. If not, getting multiple rewards from various sources can also be a strategy worth considering.

Now, as much as we would like to walk and find rewards right in front of us, earning free money is not always such a straightforward process.

However, Cash App is one of the platforms that make everything look so easy and help users win free money through numerous ways.

Thus, let’s talk about how Cash App works and how to make money on Cash App in minutes.

How Does Cash App Work?


Cash App (formerly known as Square Cash) is a P2P (Peer-to-Peer) payment app allowing users to send, receive, and invest their funds through simple and quick processes that do not have to wait for third-party approvals.

Cash App was launched in October 2013 by Block, Inc., a company formerly known as Square, Inc. The main goal of the app was to compete with other popular mobile payment apps such as PayPal or Venmo.

Currently, Cash App is available in the US and the United Kingdom, gathering over 50 million users who benefit from its perks as often as possible.

Cash App offers a mobile app available on Android and iOS devices. Besides, the company also provides a physical Visa debit card that can be used to complete numerous actions.

It is essential to note that Cash App does not work as a bank but as a financial platform. It provides various financial services, all of them being backed by its bank partners.

To join Cash App, you should first download the mobile app. Cash App only works on mobile devices, so you will not be able to control your Cash App balance from a desktop device. However, you can still log in on your desktop and see some insights about your account.

Creating a $cashtag

After you download the app, you can sign up by providing some personal information and creating a $cashtag.

The cashtags function just like regular usernames, they are public, and they can be used for multiple purposes. The most popular one might be sharing your $cashtag to allow other users to send funds to your account.

Once your Cash App account is set up, you can start earning Cash App free money.

How To Get Free Money on Cash App?

Cash App has become surprisingly popular for offering numerous ways in which US and UK citizens can earn free Cash App money. In this article, we will cover the top 10 options.

Check the Sign-up Bonus

Yes, you can earn money by simply signing up on Cash App. The bonus is available for all users who sign up through a referral code. Referral codes are usually offered by other users who already have an account set up.

To get the Cash App sign-up bonus, you should follow some simple steps:

Step 1: Download Cash App

Download the app from the App Store or Google Play and start creating your account. When signing up, don’t forget to paste the referral code you received or found.

You should then link a payment method to your Cash App account. You can choose from various options, including credit card, debit card, or bank account.

Step 3: Complete a Payment of at least $5

Lastly, you should complete a payment of at least $5 within two weeks after creating your account. Be it online or physical, the payment should be completed using your Cash App account.

After you complete all the steps, you will receive your sign-up bonus. Although it is not free money all the way, you can still cover your first Cash App payment.

Make Use of the Cash App Referral Program

As we mentioned before, Cash App has a pretty solid referral program. The good thing about it is that it does not reward new users only. Instead, established users can also benefit from it whenever their friends sign up using their referral codes.

Thus, you can earn Cash App money by referring friends to the app. You can invite friends or family members to the platform by copying your referral code from your profile.

Furthermore, you can also send a referral link via email or message, if you have your friend’s email address or phone number, respectively.

Once one of your friends uses the referral code or link you sent them, they will also be required to complete some simple tasks to help you get the bonus. Fortunately, the tasks are exactly the same as those required to get a free sign-up bonus.

Hence, if they want to get a bonus themselves, they will complete them and lead to you getting your reward, too.

So, for you to get referral bonuses, your referred friends will have to sign up using the referral code, add a payment method, and complete a Cash App payment of at least $5 within two weeks after the sign up process.

After the new referred user completes these tasks, you both will receive a $5 bonus. However, the significant advantage for you is that you can earn multiple bonuses for referring friends.

You can send your code to an unlimited number of users, and each one who uses it to sign up and get a bonus will bring $5 to your account.

Cash Back Offers

Thanks to its numerous strategic partnerships, Cash App surprises its users with plenty of cashback offers. Thus, whenever using your account to complete payments at any of the merchants collaborating with Cash App, you can get a percentage of your purchase back.

To benefit from cashback offers, all you have to do is use your Cash App account to pay for purchases at specific merchants.

Once you create a Cash App account (if you don’t have one already), you will be able to see what merchants partnered with the platform and what offers they provide.

For instance, while a groceries shop can have a 10% cash back offer, an online tech shop might have a cash back rate of 5%.

The cashback offers strongly depend on the partnership each merchant has with Cash App. However, no matter the cashback, once you start using this feature, the earnings might become pretty significant, especially if you use Cash App for most of your purchases.

Cash App Boosts and the Cash Card

Another great feature developed by Cash App is the Cash Card Boosts. Boosts are exclusive discounts or cash backs offered by Cash App for those customers who have and use the Cash Card.

The Cash App debit card is a Visa card similar to regular debit cards, only it is linked to your Cash App account.

Whenever using the card, you can get a small cash bonus that is automatically added to your Cash App balance.

It is essential to note that you can activate only one Boost at a time, but you can change it anytime.

Thus, if Cash App has boosts available for Walmart and a local coffee shop and you want to go to both, you first activate the boost for Walmart, and after you finish your purchase there, you can go on the Cash App and activate the boost for the coffee shop.

Boosts are not always the same, as the partnerships between Cash App and various merchants change over time. Thus, it is critical to constantly check the offers available to make the best out of the Cash App Boosts.

Earn with Bitcoin Boosts

Another great way to earn free money on Cash App is to activate Bitcoin boosts. The Bitcoin boosts are similar to the Cash Card boosts, only they reward users with small amounts of Bitcoin.

So, when you make a purchase using your Cash Card and activate a boost, you will get a percentage of the purchase amount as Bitcoin, and it will be automatically added to your Bitcoin balance.

Thus, once you activate spending boosts in Bitcoin, you will pay with fiat but get crypto in exchange. For instance, if you make a $100 purchase on DoorDash and use a Bitcoin boost of 5%, you will get a cashback of $5 worth of BTC.

To activate the Bitcoin boosts, you should access your Cash App account, go to the Boosts section, select “Bitcoin Boost,” and add it to your account.

Look for Cash App Giveaways

Cash App also organizes or promotes various giveaways accessible to all users across the US and the UK. Whether the giveaways are directly organized by Cash App or by its partners, most of them are safe, considering that Cash App thoroughly checks them before promoting them on the platform.

The Cash App giveaways are special events where users can win cash prizes or other significant rewards.

While Cash App always checks the projects it promotes, it is crucial to perform thorough research yourself before participating in such an event. Thus, ensure that the promotion is officially endorsed by Cash App.

You can always check Cash App’s social media accounts, as it often posts about the top giveaways it offers.

Pay Attention to Cash App Sweepstakes and Giveaways

Cash App sometimes organizes special events on its social media accounts, such as sweepstakes or giveaways. Such social media events can represent significant opportunities for users to get some additional funds for free.

To participate in Cash App sweepstakes and giveaways, you should constantly follow Cash App’s activity on social media and have your account set up so that you don’t have to waste time registering when you want to be part of a special event of this kind.

Use ATM Fees Waivers

Thanks to the Cash Card provided by Cash App, you can also make withdrawals at regular ATMs. Yet, you usually have to pay a small withdrawal fee whenever completing such an action.

However, with Cash App, there is a way to get rid of those fees. If you receive direct deposits of $300 or more, you’re granted unlimited fee-free withdrawals from in-network ATMs.

Furthermore, you can also enjoy no fees for withdrawals from out-of-network ATMs once per month. While the withdrawal fees may seem low for some if you are used to making constant withdrawals, completing them fee-free can lead to significant earnings in time.

Bank Account Linking Rewards

It is highly possible that if you link your bank account to Cash App and use your linked debit card at selected merchants, you can earn various rewards.

Usually, if you want to get such a reward on Cash App, you should complete purchases using the card linked to your Cash App account. However, ensure that you complete purchases at merchants that qualify for such rewards.

You Can Start Investing with Cash App

Cash App also allows its users to invest, and this can represent a significant advantage, especially for those who are just getting started in the investing field and want an easy and straightforward way to do this.

Considering that Cash App is extremely user-friendly, its investing feature is easy to use, too. Users can invest in fractional stock shares, and the minimum amount required goes as low as $1. Once you start investing on Cash App, you can monitor your earnings and track stock prices in real-time.


Does Cash App really pay?

Yes, you can get various bonuses for using Cash App and the specific features it provides. The most straightforward bonus may be the sign up bonus, which you can get for registering through a referral code, adding a payment method, and completing a purchase of at least $5 using your Cash App account.

Is Cash App safe?

Cash App focuses on keeping its users and their personal information as safe as possible, so it is fair to say that Cash App is pretty safe. However, it is always better to take some extra measures to keep everything safe, so you can set up 2FA and ensure that your password is as strong as possible.

Furthermore, don’t share too much information as long as it is not required, and when someone asks for personal information, make sure they are legitimate and truly need that data.

Who owns Cash App?

Cash App was developed and is owned by Block, Inc.

Will Cash App refund money if scammed?

In case of fraudulent payments, Cash App instantly returns your lost funds to your Cash App balance or linked account. Furthermore, your balance is backed by the Federal Deposit Insurance Corporation.

In Conclusion

Cash App has become surprisingly popular in the US and the UK, where it is available at the moment. Thanks to its user-friendly platform and numerous features, users choose to try it out in order to complete P2P (Peer-to-Peer) payments, send or receive money, invest in Bitcoin, or even win free money through various activities.

If you were curious about how you can earn free money on Cash App, we hope that our guide helped you find at least a few ways that suit your preferences.

Don’t forget to keep your funds and data safe by securing your account as well as possible. This way, all your earnings will be used the right way and by the right user.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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