Kraken vs Cash App: Which is Best? [2025]
Key differences
- Kraken supports over 200 cryptocurrencies, while Cash App supports only Bitcoin.
- Cash App offers instant Bitcoin purchases via a simple mobile app, whereas Kraken provides advanced trading tools.
- Kraken operates globally with multiple fiat payment methods; Cash App is US-only.
- Kraken charges 0.4% trading fee with no spread; Cash App uses tiered fees from 0.75% to 3% plus 1% spread.
Kraken vs Cash App Fees Calculator
We built this fee calculator to help you compare the fees of Kraken and Cash App.
Enter the amount you want to buy and we'll show you the estimated fees for each exchange.
Kraken vs Cash App in Comparison
Description
Popular and well-known exchange based in the USA.
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.
Supported Countries
Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.
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.
Supported Cryptocurrencies
Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.
Bitcoin only
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
- 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
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification
Cash App Balance, bank Account, debit card
Do These Exchanges Allow you To Earn Interest on Crypto?
0.15% - 6.5%
Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).
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.
Mobile App Ratings
iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.
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.
Storage
Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.
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.
Have These Exchanges Been Hacked Before?
Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.
No reported loss of customer Bitcoin.
Official Site
Exchange Review
No review available
"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot
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
Kraken vs Cash App Comparison
Fee Structures
Kraken charges a 0.4% trading fee for Bitcoin purchases with no spread fee. Supports Auto-DCA for recurring purchases with the same fee structure.
Cash App uses a tiered fee structure: fixed fees ($0.25-$1.99) for small amounts and percentage fees (0.75%-2%) for larger amounts. Auto Invest has percentage-only fees ranging from 0.75% to 3%. 1% spread applies to market orders but not Auto Invest.
Feature Set
Kraken offers over 200 cryptocurrencies, spot and margin trading, staking rewards, multiple fiat onramps, and advanced trading tools with global availability.
Cash App focuses on Bitcoin-only with simple buying/selling, Auto Invest for recurring purchases, Roundups feature, and Cash Card rewards program integrated with their popular payment app.
Payment Methods
Kraken supports ACH, SEPA, wire transfers, debit cards, PayPal (UK, EU, Australia), Apple Pay, Google Pay, and Interac e-Transfer (Canada). Free ACH and SEPA deposits.
Cash App supports Cash App balance, linked bank accounts, and debit cards for funding Bitcoin purchases.
Geographic Availability
Kraken is available in over 190 countries but restricted in New York, Washington state, Japan, and certain sanctioned nations. Cash App is available only in the United States, requiring identity verification for Bitcoin purchases.
Crypto.com
Bitbuy
Kraken Pro
Strike
River
Coinbase
Binance
Bitstamp
Gemini
Robinhood
Uphold
Bitpanda
Swan Bitcoin