Stoppage of Business

Score

0123456789.01234567890123456789
/10

Cash App

United States

|

Stoppage of Business

5-10 years|

Digital Currency License|

High potential risk|

https://cash.app/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United States 9.21

Better than 98.98% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

DFI

DFIRegulated

Digital Currency License

NYSDFS

NYSDFSRegulated

Digital Currency License

Exchange Info

More
Company Name
Cash App
Phone of the company
1 (800) 969-1940
Company website
More
Facebook
--
More
Customer Service Email Address
support@squareup.com

WikiBit Risk Alerts

1
Previous Detection 2024-02-29

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

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User Reviews

More

53 ratings

Participate in evaluation
Chibuzorann
I need the link to download it, please. Is a very nice app, that is why I want it.
2023-11-09 14:14
4
0
Lala27
Due to fraud and hacking experience of some users. For me Cash App must rate unsatisfactory. Extremely rude and poor customer service. WikiPeeps, must stay away from this project.
2023-10-30 19:51
7
0
Precious Andy
I love buying my cryptocurrency here cause this platform don’t stress me at all.
2023-11-28 18:52
2
0
Scarletc
Cash App worked well to send money to peers at the speed you elect to with corresponding fees attached. The fees seemed reasonable
2023-11-21 18:55
1
0
zeally
Cash App Investing is a no frills approach for any investor. Users are limited to stocks and certain cryptocurrencies, but it is one of only a handful of brokers that offers the ability to buy fractional shares.
2023-12-21 07:51
5
0
FX1047939251
Cash App has a friendly interface and is easy to operate. Transaction fees are relatively high and I hope they can be reduced in the future. I really wish it could support more currencies!
2023-12-15 09:53
7
0
Precious Andy
for over 7 months now have been using cash app and I have nothing to complain about it so I will recommend it to others it a nice app
2023-11-27 03:14
9
0
favour 687
What a nice and lovely platform I trade here without stress
2023-11-26 05:34
7
0
Precious Andy
what a wonderful platform to trade with everything on it is working perfectly well even its customer services so friendly. I buy my cryptocurrency here with no stress.
2023-11-24 16:20
2
0
FX1247126402
Cash App's interface is intuitive yet bottom-line, its prices can roller-coaster frequently. Their customer service though? Top-notch.
2023-10-11 12:28
6
0
Majooo
change into Pakistani rupees
2023-06-04 22:38
0
0
Kenny wise
Information you send on the app is encrypted, and the app uses fraud detection technology. You can help keep your Cash App use safe by following ...
2023-11-29 08:08
5
0
Kenny wise
Information you send on the app is encrypted, and the app uses fraud detection technology. You can help keep your Cash App use safe by following ...
2023-11-28 15:18
6
0
Kenny wise
The app does not charge commissions for trading stocks, though you may pay occasional fees for trading Bitcoin and some regulatory fees for trading stocks.
2023-11-28 15:09
3
0
Kenny wise
An easy and cost free way to transfer funds. Transfers go through very quickly and feels secure. A plus to be able to use on mobile phone.
2023-11-26 10:57
5
0
Kenny wise
cash app is a very nice app dat allows you to buy and sell your cryptocurrencies. And it is reliable.
2023-11-24 15:52
4
0
Bintarasul
hi everyone is a ln awesome platform
2024-01-26 16:30
2
0
Kenny wise
Cash App is a quick and convenient way to send and receive money, make purchases, bank and even invest, all from a user's smart phone.
2023-11-28 04:18
9
0
Newton2834
Cash app is incredibly easy to get started with Cash App: Link your bank account and transfer money and you're in. Or set up a direct deposit. fabulous platform 👏
2023-11-03 19:59
5
0
Precious Andy
To me cash app is the best platform I have ever traded with I have no regrets to it. it really nice to use this platform is service and trading experience are amazing.
2023-11-22 03:50
9
0

View all comments

Cash App · Company Summary

Aspect Information
Company Name Cash App
Registered Country/Area United States
Founded Year 2013
Regulatory Authority DFI, NYSDFS
Cryptocurrencies Offered Bitcoin (BTC)
Trading Fees Fees are normally above 2% on purchases of $100 or less
Pament Method Bank transfer
Customer Support Phone of the company:1 (800) 969-1940Company website:https://cash.app/Twitterhttps://twitter.com/cashappCustomer Service Email Address:support@squareup.com

Overview of Cash App

Cash App, founded in 2013, is a virtual currency exchange platform based in the United States. It is registered by Washington State Department of Financial Institutions (DFI) and New York State Department of Financial Services (NYSDFS). The platform offers Bitcoin (BTC) as the only cryptocurrency available for trading. Cash App operates primarily through its mobile application, providing a convenient and user-friendly experience for its customers.

In terms of deposit and withdrawal options, users can link their bank accounts to the app or buy and sell Bitcoin directly within the platform. This flexibility allows for seamless transactions and easy access to funds.

Also, the platform offers limited educational resources on its website, it aims to assist users in gaining a better understanding of virtual currency trading.

Cash App's home page

Pros and Cons

Pros Cons
User-friendly interface Limited range of cryptocurrencies
Convenient deposit and withdrawal options
Seamless buying and selling of Bitcoin

Cash App has several advantages that make it an attractive virtual currency exchange platform. Firstly, its user-friendly interface and accessibility make it easy for individuals to navigate and use the platform. The mobile application provides a seamless experience, allowing users to buy and sell Bitcoin with ease.

Another notable advantage is the convenience of deposit and withdrawal options. Cash App allows users to link their bank accounts to the app, enabling them to easily transfer funds for trading. Additionally, users can buy and sell Bitcoin directly within the platform, eliminating the need for external exchanges.

However, it is important to consider the limitations of Cash App as well. One drawback is the limited range of cryptocurrencies available for trading. Currently, Cash App only supports Bitcoin (BTC), which may restrict the investment options for individuals interested in trading other virtual currencies.

Overall, Cash App's user-friendly interface, convenient deposit and withdrawal options, along with its focus on Bitcoin trading, make it an attractive option for individuals interested in virtual currency trading. However, the limited range of cryptocurrencies should be taken into account when considering its suitability for specific investment goals.

Regulatory Authority

Cash App operates under the regulatory authority of Washington State Department of Financial Institutions (DFI, No. 942933) and New York State Department of Financial Services (NYSDFS). This means that the platform is subject to certain regulations and compliance measures to ensure the security and integrity of its operations.

regulated DFI license
regulated NYSDFS license

Security

Cash App prioritizes the security of its users and implements several protection measures to safeguard their funds and personal information. The platform uses industry-standard encryption to ensure that user data is kept confidential and secure.

The Cash App also provides users with the option to enable two-factor authentication (2FA) for an additional layer of security. This feature requires users to provide a unique verification code in addition to their login credentials, reducing the risk of unauthorized access.

While it is important to note that no platform is completely immune to security breaches, user feedback generally indicates a satisfactory level of security provided by Cash App. However, users should still exercise caution and implement their security measures, such as regularly updating passwords and avoiding sharing sensitive information.

Cryptocurrencies Available

Cash App offers Bitcoin (BTC) as the only cryptocurrency available for trading. Bitcoin is a decentralized digital currency that is known for its price volatility. The value of Bitcoin fluctuates constantly, and these price fluctuations can be influenced by various factors such as market demand, investor sentiment, and regulatory developments.

As a virtual currency exchange platform, Cash App does not directly control or influence Bitcoin's price fluctuations. Instead, it provides users with a platform to buy and sell Bitcoin based on the prevailing market prices.

Trading Market

Cash App is a mobile payment service that allows users to send, receive, and spend money. It also offers a variety of other financial services, including stock and Bitcoin trading.

Stocks

Cash App allows users to buy and sell stocks of companies listed on the New York Stock Exchange (NYSE) and the Nasdaq Stock Market. There are no commissions or fees to trade stocks on Cash App.

Bitcoin

Cash App also allows users to buy and sell Bitcoin. Bitcoin is a digital currency that is not backed by any government or central bank. The price of Bitcoin is volatile, and it has been known to fluctuate wildly.

Other financial services

Cash App also offers a variety of other financial services, including:

  • Banking: Cash App users can get a routing number and account number to direct deposit their paychecks into Cash App. They can also use Cash App to pay bills and withdraw cash from ATMs.

  • Investing: Cash App users can invest in stocks and Bitcoin.

  • Tax preparation: Cash App users can use Cash App to file their taxes.

Cash App is a popular mobile payment service that offers a variety of financial services, including stock and Bitcoin trading. It is a convenient and easy-to-use app that is available on both iOS and Android devices.

Services

The Cash App official wallet is a digital wallet that allows users to store, send, and receive Bitcoin. It is a non-custodial wallet, which means that users have full control over their private keys. This makes the Cash App wallet a secure and reliable way to store Bitcoin.

The Cash App wallet is easy to use and has a number of features that make it a great choice for both beginners and experienced Bitcoin users. Some of the features of the Cash App wallet include:

  • A simple and intuitive interface

  • The ability to send and receive Bitcoin quickly and easily

  • Support for multiple Bitcoin addresses

  • A high level of security

The Cash App wallet is available for both iOS and Android devices. To create a Cash App wallet, users simply need to download the Cash App and create an account. Once an account is created, users can add Bitcoin to their wallet by purchasing it through the Cash App or by sending Bitcoin from another wallet.

The Cash App wallet is a great way to store, send, and receive Bitcoin. It is a secure, easy-to-use wallet that is perfect for both beginners and experienced Bitcoin users.

Here are some additional details about the Cash App official wallet:

  • Security: The Cash App wallet is a non-custodial wallet, which means that users have full control over their private keys. This makes the Cash App wallet a secure way to store Bitcoin.

  • Fees: Cash App charges a fee for buying Bitcoin through the app. The fee is 2% of the purchase amount. There are no fees for sending or receiving Bitcoin.

  • Customer support: Cash App has a customer support team that is available to help users with any problems they may have with the wallet.

Overall, the Cash App official wallet is a good option for users who are looking for a secure and easy-to-use wallet to store Bitcoin.

Cash APP

Cash App is a mobile payment service and financial app available in the United States and the United Kingdom. It allows users to:

  • Send and receive money instantly: Pay friends, family, or businesses with just a few taps.

  • Invest in stocks and Bitcoin: Buy and sell fractions of shares in publicly traded companies or invest in Bitcoin directly.

  • Spend and save: Use your Cash App debit card for everyday purchases and set up automatic savings goals.

  • File taxes: File your federal and state taxes directly within the Cash App.

App Versions:

  • Android: Version varies depending on your device, but the latest release is currently in beta stage (as of February 12, 2024). You can check for updates in the Google Play Store.

  • iOS: The latest version is 8.2.19 and can be downloaded from the App Store.

Download Methods:

  • Android:

    • Google Play Store: Search for “Cash App” and tap “Install”.

    • Cash App Website: Visit https://play.google.com/store/apps/details?id=com.squareup.cash&hl=en&gl=US and click “Get it on Google Play”.

  • iOS:

    • App Store: Search for “Cash App” and tap “Get”.

    • Cash App Website: Visit https://play.google.com/store/apps/details?id=com.squareup.cash&hl=en&gl=US and click “Get it on the App Store”.

How to Buy Cryptos?

Prerequisites:

  • A Cash App account with verification and linked bank account or debit card.

  • Minimum purchase amount of $1.

Steps:

  • Open the Cash App and tap the Bitcoin tab (lightning bolt icon).

  • Tap “Buy BTC”.

  • Enter the desired amount of Bitcoin you want to purchase (minimum $1). You can also tap “...” to enter a custom amount.

  • Review the exchange rate and fees (spread of 1.5%).

  • Enter your Cash App PIN for confirmation.

  • The Bitcoin will be added to your Cash App Bitcoin wallet.

  • Download the Cash App

    Additional Info:

    • You can sell Bitcoin you have purchased back to Cash App through a similar process.

    • Cash App doesn't offer features like crypto trading, staking, or margin trading.

    • Remember, Bitcoin prices are volatile, so consider the risks before investing.

    Fee

    Cash App provides its users with a transparent fee structure for trading and other services. Fees are normally above 2% on purchases of $100 or less. Fee amounts drop for larger purchases, but are still more than what top crypto exchanges charge.

    Amount of Bitcoin Cash App
    $10 $0.22
    $100 $2.26
    $1,000 $17.59

    Target group analysis

    While

    Cash App offers Bitcoin buying and selling but is not technically a

    “broker,” analyzing its target group can still be informative. Here's a

    breakdown of potential users:

    Primary:

    • Tech-savvy Millennials and Gen Z:

      These generations are comfortable with mobile apps and prefer digital

      financial solutions. They may use Cash App for everyday payments and

      want to explore Bitcoin as an investment or curiosity.

    • Young professionals with limited investment experience:

      Cash App's fractional share investing and Bitcoin features attract

      budget-conscious individuals who want to start investing with small

      amounts.

    • Unbanked or underbanked individuals:

      Cash App provides banking alternatives like direct deposit and a debit

      card, appealing to those without traditional bank accounts.

    Secondary:

    • Casual investors: Cash App's simple interface and low minimums attract users who want to try investing without complex platforms or high fees.

    • Existing Cash App users: The convenience of buying Bitcoin within the app they already use encourages existing users to explore crypto investing.

    • Socially conscious individuals: Cash App's support for social causes and features like “Boosts” might resonate with users who value social impact.

    Exclusions:

    • Experienced investors:

      Cash App's limited investment selection and features don't cater to

      those seeking advanced trading options or diverse asset classes.

    • Risk-averse individuals: Bitcoin's volatility might deter users who prefer low-risk investments.

    • Individuals outside the US and UK: Cash App is currently only available in these two regions.

    Key characteristics of the target group:

    • Age: 18-35

    • Tech-savvy

    • Budget-conscious

    • Open to new investment options

    • May be unbanked or underbanked

    • Value convenience and simplicity

    Overall,

    Cash App targets a specific segment of young, tech-savvy individuals

    looking for an easy and affordable way to enter the world of investing,

    primarily in Bitcoin.

    FAQs

    Q: Does Cash App charge any fees for depositing funds into my account?

    A: No, Cash App does not charge any fees for depositing funds. Users can link their bank account or debit card to deposit funds without incurring additional charges.

    Q: How long does it take for deposits and withdrawals to be processed on Cash App?

    A: The processing time for deposits made through linked bank accounts is typically 1-3 business days, while withdrawals to a linked bank account usually take around 1-2 business days. Additional processing times may apply depending on factors such as the user's bank and network congestion.

    Q: What are the advantages and disadvantages of Cash App?

    A: Advantages of Cash App include its transparent fee structure, fast access speed, and user-friendly interface. However, limitations include its limited cryptocurrency options, lack of advanced trading features, and occasional reports of delays or technical issues. Users should consider their specific needs before choosing Cash App as their trading platform.

    User Review

    User 1:

    CashApp's crypto game is strong! Loving the simple interface – even my grandma could use it. But I'm curious about their security measures, could use more info on that. They've got Bitcoin, sure, but a few more cryptos would be sweet. Customer support saved my butt when I messed up a withdrawal. Trading fees? Well, not a fan, kinda on the high side. Still, it's quick to deposit and withdraw, gotta give them that.

    User 2:

    Dude, CashApp is where it's at for crypto. The interface is clean and user-friendly, a breeze to navigate. But honestly, I wish they'd spill the beans on their security setup. They're regulated, which is a plus, but I need more deets. When it comes to coins, it's mainly Bitcoin, which is cool, but a bit more variety would rock. Customer support is like lightning – had a hiccup, and they sorted it pronto. Now, fees? Meh, they're kinda steep. But I gotta hand it to 'em, deposits and withdrawals are snappy. Stability-wise, no complaints. All in all, solid, but room for improvement.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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