<div><h2>Buying Bitcoin</h2>Once a sponsor approves their sponsored person&rsquo;s request to invest in stocks and bitcoin, the sponsored person can start <a href="https://cash.app/help/us/en-us/3101-buying-bitcoin">buying bitcoin</a>.<h2>Buying Bitcoin in NY (for sponsored accounts)</h2>Sponsored accounts are unable to use bitcoin features if they or their sponsor are New York residents.<h3>Bitcoin Buying Limits</h3>Sponsors can set their sponsored account&rsquo;s rolling monthly (30-day) bitcoin spend limit. Bitcoin spend limits can be low as $5 per rolling month and as high as $400 per rolling month.The bitcoin monthly spend limit includes combined activity across bitcoin purchases, including accepting gifts, getting Paid in Bitcoin, and Round Ups.For example: If the sponsor sets a limit of $400 per month, and the sponsored account buys $200 in bitcoin, accepts $100 in bitcoin gifts, gets paid $50 in bitcoin, and rounds up $50 in bitcoin within a month, the sponsored account will have reached the bitcoin limit.To set or change your sponsored account&rsquo;s limit:<ol><li>Navigate to the Profile icon in the top right hand corner</li><li>Tap Family</li><li>Select your sponsored account&rsquo;s name</li><li>Tap Controls &amp; limits</li><li>Scroll to Stocks or Bitcoin</li><li>Set your sponsored account&rsquo;s monthly buy limit</li><li>Tap Monthly spend limit</li></ol><h2>Selling Bitcoin</h2>If a sponsored account wants to learn how to sell your bitcoin, visit <a href="https://cash.app/help/us/en-us/3102-selling-bitcoin">this article</a>.To close an account, the parent or guardian associated with the sponsored account will need to <a href="https://cash.app/help">contact support</a>.</div>

A guide on how to buy and sell bitcoin with your sponsored account