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Cash App
Bitcoin trading and payments app backed by Block with over 59 million active accounts
3.1/ 5
Our score
Fair
Coins listed
1
KYC required
Yes
Accepts US customers
Yes
What is Cash App?
Cash App is a consumer finance platform that combines peer-to-peer transfers, banking services, stock investing, and Bitcoin trading. Developed by Block, Inc., the platform serves more than 59 million active accounts across the United States. Rather than operating as an altcoin exchange, Cash App restricts its cryptocurrency functionality entirely to Bitcoin. Users can buy, sell, deposit, and withdraw directly on-chain.
Corporate backing and leadership
Cash App was launched in October 2013 as Square Cash under Block, Inc. (formerly Square, Inc.), co-founded by Jack Dorsey and Jim McKelvey, with Brian Grassadonia leading the product creation. Block is publicly traded on the New York Stock Exchange under the ticker XYZ, with major institutional shareholders including Vanguard and BlackRock. Headquartered in the United States, Cash App is Block's primary operating segment and generated $6.34 billion in gross profit in 2025.
Custody and Bitcoin mechanics
Bitcoin trading on the platform is custodial by default, provided through Block, Inc. rather than Cash App Investing LLC. Users can buy fractions of Bitcoin using linked bank accounts or debit cards. The app supports on-chain deposits and external withdrawals over the Bitcoin network, as well as automatic withdrawals to self-custody hardware devices such as Bitkey once a user-defined balance threshold is reached.
Pricing and regional availability
Cash App operates exclusively for United States residents following the closure of its United Kingdom operations in September 2024. All cryptocurrency functionality requires identity verification (KYC). Stock trading charges zero base commissions. Bitcoin purchases and sales incur variable margin spreads and service fees displayed prior to transaction confirmation. External stock transfers processed via Apex cost $115 per security, while instant transfers to linked external debit cards carry a 1% fee.
Regulatory track record and past incidents
Cash App holds a New York Virtual Currency License alongside state-level money transmitter licenses under NMLS #942933, while brokerage services operate through FINRA and SIPC member Cash App Investing LLC. In April 2022, Block disclosed an incident from December 2021 where a former employee accessed reports covering 8.2 million brokerage customers. Block agreed to a $15 million class-action settlement in August 2024 regarding that breach and unauthorized withdrawals, followed by an $80 million multi-state regulatory settlement in January 2025 over Bank Secrecy Act and anti-money laundering compliance deficiencies.
Founders
Jack DorseyCo-Founder & CEO
Jim McKelveyCo-founder of Square
Best for:US retail Bitcoin beginnersCasual DCA Bitcoin buyersBitkey hardware wallet usersAll-in-one mobile personal finance
Pros and cons
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
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
- App store reviewers frequently report unauthorized account takeovers and disputed support resolution
Our review
3.1/5
Fair
Cash App offers convenient Bitcoin purchases and automatic withdrawals, but it limits cryptocurrency support strictly to Bitcoin and operates solely in the United States.
Cash App functions primarily as a mobile financial hub rather than a traditional crypto exchange, offering Bitcoin buying, selling, and transfers alongside peer-to-peer payments and banking services. Operating as a division of publicly traded Block, Inc., Cash App serves more than 59 million active accounts. In September 2024, the platform ceased operations in the United Kingdom, focusing exclusively on users in the United States.
Cryptocurrency functionality on Cash App is limited strictly to Bitcoin. Users cannot trade altcoins, interact with smart contracts, or execute advanced order types. Instead, the service delivers a simpler fiat on-ramp where balances can be converted to Bitcoin instantly, with options to schedule recurring buys or direct spare change via Round Ups. Depositing and withdrawing on-chain Bitcoin is fully supported, including functionality enabling automatic withdrawals directly to hardware setups like Bitkey once a target balance is reached.
Because Cash App is not a dedicated order-book exchange, maker and taker fee structures do not apply. Cash App applies variable spread margins to Bitcoin transactions, while its stock investing branch operates commission-free. Traditional derivatives and margin trading are entirely absent. Custody of purchased Bitcoin is managed by Block, Inc., meaning users do not hold private keys unless they withdraw their assets to self-custody.
The company maintains Money Transmitter Licenses across U.S. states and a New York Virtual Currency License, though its regulatory history includes scrutiny. In January 2025, Block agreed to an $80 million settlement with 48 state regulators over anti-money laundering and Bank Secrecy Act compliance deficiencies. Cash App also reached a $15 million settlement in 2024 following an unauthorized customer data breach affecting 8.2 million users in 2021 and service disruptions in 2023.
Cash App suits retail buyers seeking a simple, regulated tool for dollar-cost averaging into Bitcoin and holding or withdrawing it to personal hardware. Active crypto traders requiring deep liquidity or leverage will need to look elsewhere.
Specs
| Markets | Spot, P2P · unverified |
|---|---|
| Coins listed | 1 · unverified |
| Fiat deposit methods | Bank transfer, Card, ACH, P2P · unverified |
| KYC required ⓘ | Yes · unverified |
| Accepts US customers | Yes · unverified |
| Staking / earn | No · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | BitLicense (NYDFS), NMLS #942933, FINRA/SIPC Broker-Dealer (Cash App Investing LLC) · unverified |
| Security features | Security Lock, Card lock, 24/7 fraud monitoring, FDIC pass-through insurance · unverified |
| Futures & perpetuals | No · unverified |
| Copy trading | No · unverified |
| P2P market | Yes · unverified |
| Earn / savings products | Yes · unverified |
Not disclosed by the provider: Maker fee, Taker fee, Proof of reserves, Max leverage (x), User protection fund, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
On-chain Bitcoin transfers
Deposit and withdraw Bitcoin using on-chain addresses or transfer balances directly between peer-to-peer Cashtags.
Automated Bitkey withdrawals
Set custom balance thresholds to automatically move Bitcoin from custodial storage to a paired Bitkey hardware wallet.
Spare change round-ups
Turn spare change from everyday Cash App Card purchases into Bitcoin or equity purchases automatically.
Integrated stock brokerage
Trade fractional shares and exchange-traded funds with $0 base commissions through Cash App Investing LLC.
High-yield cash savings
Earn up to 3.5% APY on savings balances through partner bank Wells Fargo by qualifying for Cash App Green.
Inside Cash App
Cash App Peer-to-Peer Payments
Send and receive money instantly using $cashtags, phone numbers, or email addresses, with tools to personalize transfers or pool group funds.
Bitcoin Trading and Transfers
Buy and sell Bitcoin instantly, schedule recurring purchases, receive deposits on-chain, or set up automatic threshold withdrawals to Bitkey.
Cash App Card
A customizable Visa debit card linked to Cash App balances that provides instant transaction alerts, ATM access, and rotating cash-back Boost offers.
Cash App Savings
A savings account offering up to 3.5% APY for qualifying Cash App Green users, with balances held at Wells Fargo Bank, N.A. and eligible for FDIC insurance.
Cash App Investing
A brokerage feature offering commission-free trading for fractional shares of U.S. stocks and exchange-traded funds.
Cash App Borrow
A short-term loan feature that allows eligible customers to access personal credit amounts up to $500.
Cash App screenshots
What users say about Cash App
User sentiment is sharply divided, with positive reviews praising the app's overall simplicity and ease of sending money. However, a significant portion of feedback involves complaints about unhelpful customer support, high withdrawal fees, unexpected account closures, and failure to provide relief during fraud or scam incidents.
In their own words
“Best financial app This is hands-down the single-most helpful, overall useful, completely versatile, best equipped, absolutely reliable, fully functional, utterly safe, totally free, and comprehensively simple to learn how to use. A “must-have” financial management app.”
“Cash App So much easier to use and much better than Venmo👍👍”
“Simplicity This app makes moving money easy and affordable…”
“DO NOT DOWNLOAD This is a terrible app. The fees are completely ridiculous. If someone sends you $20 and you need the money right away, you’re stuck with bad options: hunt down one of the very few Cash App ATMs, get hit with double fees at a regular ATM (Cash App’s fee plus the ATM’s fee), or…”
“Complicated I had to call CASH APP because of a declined purchase. Getting past the virtual assistant is always difficult. Also a wate of time since the AI is never able to help.”
“Cash App isn’t good. This App doesn’t have good customer service. I had an issue with someone making charges to my Cash App card. Instead of reversing the fees they closed my account. Since it is basically AI bots for customer service they won’t remedy the situation or let me get another account.”
Based on 100 Reddit posts and comments, 42 App Store reviews from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Cash App? Share your experience below.
FAQ
Who founded Cash App?
Cash App was launched in 2013 by Block, Inc. (formerly Square), co-founded by Jack Dorsey and Jim McKelvey, with Brian Grassadonia leading the product's creation.
Which cryptocurrencies can you buy on Cash App?
Cash App only supports Bitcoin. It does not list Ethereum, stablecoins, or any other alternative cryptocurrencies.
Where is Cash App available?
Cash App is available only to residents of the United States, having closed its United Kingdom operations in September 2024.
Can you withdraw Bitcoin from Cash App to an external wallet?
Yes, Cash App supports on-chain Bitcoin withdrawals to external addresses, as well as automated withdrawals to paired Bitkey hardware wallets.
Does Cash App have its own cryptocurrency token?
No, Cash App does not issue a native token. The parent company Block, Inc. is publicly traded on the New York Stock Exchange under the ticker XYZ.
What security incidents have affected Cash App?
In 2021, a former employee accessed data impacting roughly 8.2 million Cash App Investing accounts, leading to a $15 million class-action settlement in 2024, followed by an $80 million regulatory settlement in 2025 regarding AML compliance program deficiencies.
Latest from Cash App on X
Take CTRL. Customize your Cash App Card with exclusive @johnsummit stamp designs. https://t.co/X4wbvgr96x
October is the last calm month. After this it's a financial event till January.
Server going crazy after this one. Cash App Pay on @discord gets you 50% off, up to $50.
How to claim: Add offer in Cash App and pick Cash App Pay at checkout in Discord. 50% up to $50 comes off your eligible purchase automatically.*
How to claim: Add offer in Cash App and pick Cash App Pay at checkout in Discord. 50% up to $50 comes off your eligible purchase automatically.*
Auto-withdraw from Cash App → @Bitkey is here.
Eligible Cash App customers can automatically move bitcoin to their paired Bitkey when their BTC balance reaches its chosen threshold.
Set it once. Keep buying bitcoin on Cash App. Help protect it with Bitkey. It's that easy. https://t.co/J6mtFYh4BG
Eligible Cash App customers can automatically move bitcoin to their paired Bitkey when their BTC balance reaches its chosen threshold.
Set it once. Keep buying bitcoin on Cash App. Help protect it with Bitkey. It's that easy. https://t.co/J6mtFYh4BG
Recent public posts from @CashApp, shown as published. Not reviewed or endorsed by CryptoReview.
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