Cash App vs SimpleSwap

Cash App3.1/5

VS

SimpleSwap4.1/5

Feature	Cash AppVisit	SimpleSwapVisit
Ratings
Our score	3.1/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	3.5	4.0
Asset selection	1.5	5.0
Ease of use	4.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, P2P	Spot
Coins listed	1	2,800
Fiat deposit methods	Bank transfer, Card, ACH, P2P	Card
KYC required	Yes	No
Accepts US customers	Yes	Not disclosed
Staking / earn	No	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	BitLicense (NYDFS), NMLS #942933, FINRA/SIPC Broker-Dealer (Cash App Investing LLC)	Not disclosed
Security features	Security Lock, Card lock, 24/7 fraud monitoring, FDIC pass-through insurance	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	Yes	No
Earn / savings products	Yes	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2013	2018
Headquarters	United States	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Supports direct on-chain Bitcoin deposits and withdrawals Automatic withdrawal integration with Bitkey self-custody hardware Holds a New York BitLicense and nationwide US money transmitter licenses Direct round-ups convert debit purchases into Bitcoin	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	Bitcoin is the only supported cryptocurrency asset Restricted exclusively to residents of the United States No traditional order book or maker-taker discount tiers Settled an $80 million compliance penalty with 48 states in 2025	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	US retail Bitcoin beginners, Casual DCA Bitcoin buyers, Bitkey hardware wallet users	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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