Kraken vs Cash App: fees, withdrawals, safety and which to use
For a $1,000 purchase by bank transfer, Kraken charges $8, compared with $9 on Cash App.
Kraken vs Cash App fees
For the Kraken and Cash App fee figures in dollars for $1,000, the source is each exchange's own pages.
| $1,000 and the basics | Kraken | Cash App |
|---|---|---|
| Buy by bank transfer (ACH) | $8 | $9 |
| Buy by debit card | $37.75 | – |
| Buy by wire | $8 | – |
| Sell and send to your bank (ACH) | $8 | – |
| Cash out to your bank (ACH) | $0 | – |
| Cash out by wire | $4 | – |
| Cash out instantly to a debit card | $15 | – |
| Send Bitcoin to a wallet | $1.21 | $0 |
| States it does not serve | New York, Maine | – |
| Serves New York | No | Yes |
| Bank withdrawal | Free, 0-2 business days | – |
| NYDFS licence | No | Yes |
| FinCEN registration | Registered | – |
| App Store rating (ratings) | 4.7 (36,140) | 4.8 (8,784,253) |
| Google Play rating (ratings) | 4.3 (56,075) | 4.7 (4,520,000) |
| Coins listed | 721 | – |
When a row has a dash, the exchange has published no number for it. "Not offered" means the exchange doesn't support that method.
Kraken vs Cash App in your state
Kraken doesn't serve customers in New York or Maine.
Cash App doesn't publish a list of excluded US states, and its user terms only require that you live in the US.
Kraken vs Cash App withdrawals
Withdrawals from Kraken to your bank are free. Processing takes 0-2 working days, with a cutoff of 2pm EST.
The pages we read don't include a Cash App bank withdrawal fee or processing time.
Kraken vs Cash App safety
Kraken doesn't hold an NYDFS licence for New York.
Cash App has a New York licence or charter issued by NYDFS.
Kraken vs Cash App apps and coins
On the App Store, Kraken earns 4.7 out of 5 from 36,140 ratings. Its Google Play score is 4.3, based on 56,075 ratings.
On the App Store, Cash App earns 4.8 out of 5 from 8,784,253 ratings. Its Google Play score is 4.7, based on 4,520,000 ratings.
Which should you choose, Kraken or Cash App?
- Choose Kraken if you'll use Kraken Pro and its order book.
- Choose Cash App if you want its app and a simple screen for buys.
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