The #1 finance app in the App Store. Send money for free. Invest in stocks or bitcoin with as little as $1. Get paid early with faster direct deposits. Free debit card with instant discounts.
Asset Class Return•30d
Send money for free, invest in stocks or bitcoin, faster direct deposits, and a debit card with discounts! Whether you are an expert or just getting started, Cash App is the fastest and most accessible way to invest in stocks. Cash App is also the fastest way convert your dollars to bitcoin. You can invest starting at just $1. You can also enjoy other features such as easy person to person payments, banking, and their cash card with boosts.
Things to Know
You make money on
Value + Dividends
Term of investment
Send money for free
Invest in stocks or bitcoin with as little as $1
Free debit card with instant discounts
How you make money
There are ample ways to make money through Cash App. You are able to earn a return by purchasing stocks, including fractional purchasing. You can also purchase bitcoin through Cash App. Another great function of the Cash App is the free debit card that immediately allows you to save on select purchases. Cash App allows you to easily send and receive money. Although the money transfer ability is not a way to gain a return, the feature could save you fees and convenience by getting paid easily. You can also set up direct deposit to Cash App to allow you to receive your money faster.
How Cash App makes money
Cash App has many different revenue streams, but their most profitable stream is the bitcoin exchange. They have a bitcoin transaction fee of up to 1.76% as well as a 1%-4% difference in the bid-ask spread between users. Another revenue source is by charging businesses that accept Cash App or the Cash Card 2.75% on all transactions. For peer to peer sending, there is a 1.5% fee for using a credit card as well as a 1.5% fee for bank account instant deposits. They also receive money by investing the float, which is the money sitting in your account as cash.
Is it safe?
Since 2009, Square(owner of Cash App) has provided payments for millions of businesses and people all across the world. Each year, tens of billions of dollars are processed with rigorous safety practices in mind. Cash App has gained a massive user base since its inception in 2013 with approximately 30 million monthly active users and revenue of 2.07 billion dollars in the third quarter of 2020 alone.
Brokerage services are provided by Cash App Investing LLC, member FINRA/SIPC and a subsidiary of Square, Inc. Cash App is not a member of FINRA or SIPC so there is no insurance. The backing of its parent company, Square, and the massive user base should allow you to use the app confidently. For Bitcoin, Cash App utilizes a variety of safety features to process millions of payments a year and ensure the protection of customers. Your account will be safe with features such as security locks, encryption, fraud protection, account notifications, and coin storage. Cash App's biggest stream of revenue is bitcoin purchases which shows the reliability of the service.
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