Cash App vs Coinbase: Which is Best? [2024]

Cash App

Cash App is a mobile payment service by Block (formerly Square) that offers Bitcoin buying and selling features to US users. As of 2024, it processes $14.7 billion in annual revenue.

Coinbase

Coinbase is a popular global crypto exchange with over 240 cryptocurrencies supported.

Cash App

Available only in the United States. All users must verify their identity with legal name, date of birth, and SSN to buy Bitcoin. Unverified accounts limited to $1,000 sending/receiving in 30 days. Verified accounts have higher limits and can access Bitcoin trading, stocks, and Cash Card.

Coinbase

Available in over 100 countries globally. Full features in most of US including debit cards, staking, instant transfers and futures. Strong support in UK, Europe and parts of Asia with some restrictions. Not available in Singapore or OFAC-sanctioned countries. ID verification required.

Cash App

Bitcoin only

Coinbase

Over 240 cryptocurrencies

Cash App

• Exchange Fees:
• $0 - $9.99: 3%
• $10 - $100: 2.25%
• $100.01 - $200: 2%
• $200.01 - $1000: 1.75%
• $1000.01 - $2000: 1.5%
• $2000.01 - $3000: 1.25%
• $3000.01 - $5000: 1%
• >$5,000.01: 0.75%
• 
  Spread Fee:
• 0-1% (varies with market conditions)
• No spread on Auto-Invest, Roundups, or Custom Orders

Coinbase

• Transaction Fees:
• $0.99 for transactions $10 or lower
• $1.49 for transactions between $10-$25
• $1.99 for transactions between $25-$50
• $2.99 for transactions between $50-$200
• 0.50% spread fee for transactions over $200
• 
  Payment Method Fees:
• ACH transfers: Free
• Bank account/USD Wallet: 1.49%
• Credit/debit card: 3.99%
• Wire transfers: $10 incoming, $25 outgoing

Cash App

Cash App Balance, bank Account, debit card

Coinbase

ACH, Wire Transfer, Debit Card, Bank Account, PayPal, Apple Pay, iDEAL, SEPA, Interac e-Transfer, Instant Verification, Google Pay

Cash App

0

No Bitcoin interest earning, but offers Cash Card rewards program with instant savings at selected merchants. Users can activate one offer at a time.

Coinbase

4.70%

Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.

Cash App

iOS Rating: 4.8 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.6 Official rating from the Android Play Store as of November 18, 2024.

Coinbase

iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.6 Official rating from the Android Play Store as of November 18, 2024.

Cash App

Bitcoin custody is managed by Cash App, with the option to withdraw to external wallets. Cash App implements strong security measures including Face ID/Touch ID and PIN protection. Users can set up automatic Bitcoin purchases with direct deposit, choosing their preferred investment percentage with no fees.

Coinbase

As a public US company, Coinbase maintains full 1:1 reserves of customer assets with no lending. Their platform features industry-leading security including mandatory 2FA, multi-approval withdrawals via Coinbase Vault, and 24/7 monitoring. Over 10 years of experience and regular third-party audits.

Cash App

No reported loss of customer Bitcoin.

Coinbase

No. Has never lost customer funds in any way.

Cash App

cash.app

Coinbase

coinbase.com

Cash App

No review available

"Cash App makes buying Bitcoin super simple. The instant deposit feature and ability to withdraw to my own wallet make it my go-to choice for small purchases."
- Real user review from iOS App Store, Android Play Store or Trustpilot

Coinbase

Read our Coinbase review

"I mistakenly sent my crypto to the wrong wallet at Coinbase. The team at Coinbase was able to retrieve it and credit to my account within a week. I am quite impressed with their communication, instruction, and result! I'm so relieved. Thank you so much, Coinbase Support!"
- Real user review from iOS App Store, Android Play Store or Trustpilot