Cash App
Send money, spend with a free debit card, and buy Bitcoin and stocks - all in one app for individuals and small businesses.
Why We Recommend Cash App
Cash App is operated by Block, Inc., a publicly traded company (NYSE: SQ) subject to U.S. financial regulations including AML/KYC requirements and periodic compliance audits. USD balances held with a Cash App Card or Sponsored Account are eligible for FDIC pass-through insurance up to $250,000 per customer through partner banks.
The app employs strong security measures including encryption, PIN protection, biometric authentication, and the ability to remotely disable your card if your phone is lost. AI and machine learning fraud detection systems monitor transactions in real time across core payment flows.
For Bitcoin, Cash App uses industry-standard security practices, though the custody model is not publicly detailed. Users can withdraw Bitcoin to external wallets or hardware devices for self-custody of larger holdings.
Best For
Cash App is ideal for everyday consumers who want a simple, all-in-one financial app combining P2P payments, banking features, and investing. It particularly serves younger users, the underbanked, and those earning $150K or less annually who want an alternative to traditional banking.
Freelancers and gig workers benefit from easy payment acceptance via $Cashtag, direct deposit with early access, and the Cash App Green program that unlocks perks based on spending rather than just paycheck deposits. Teens aged 13-17 can use supervised accounts with parental controls to learn money management.
Small businesses and micro-merchants can accept payments through QR codes and Cash App Pay, with seamless integration into Square's broader seller ecosystem. Casual investors appreciate the ability to buy fractional stocks and Bitcoin with low minimums directly in the same app they use for daily spending.
Services & Features
- P2P payments via $Cashtag
- Free Visa debit card (Cash Card)
- Bitcoin buying, selling, and Lightning payments
- Commission-free stock and ETF investing
- Direct deposit with early access
- Savings up to 3.5% APY (Cash App Green)
- Short-term loans up to $500+ (Borrow)
- Afterpay BNPL integration
- AI financial assistant (Moneybot)
- Business payment acceptance (2.6% + $0.15)
Considerations
Cash App is only available in the United States and United Kingdom. Bitcoin is held in custodial wallets where you do not control private keys, and there is no published proof of reserves. Customer support has received significant criticism for slow responses and unexplained account closures.
