Buying BTC on Cash App

Want to share my experience with Cash App in case it helps anyone. I was using Strike to DCA, but it has recently turned into a cluster f*ck. First, Direct Deposit stopped working, then debit cards, then linked bank accounts. I tried sticking it through with them bc I think what they're doing is awesome, but I decided to finally jump ship.

Anyway, back to Cash App. Keep in mind, KYC was not really a concern. I gave up on that long ago. Also worth noting that I'm a HODL'er so trading features wasn't really a concern either. The setup was rather simple:

1. Sign up
2. Link debit card
   1. Had to provide my Address during this step
3. Buy Bitcoin
4. Withdraw Bitcoin
   1. Had to provide State ID and Face Photo during this step... I know, I know but ¯\_(ツ)_/¯
   2. Also had to answer some basic questions about where I work and what I do.
      
   3. The verification process took no more than a minute or two
5. Done

Here's the breakdown on my first purchase I did from the trial run in USD:

Purchase amount: $50.

Fee: $1.12.

Total Received After Purchase: $48.88. This results in a ~2.25% fee

What really surprised me is that I was able to withdraw to my cold wallet right away so kudos to CashApp. I chose the cheapest/slowest option (Standard) for withdrawal. This was confirmed in my cold wallet within 15 minutes with a total received of $48.85. More kudos

All in all, not complaints here but lmk if there's any red flags as to why I shouldn't be using CashApp, aside from KYC