River review
- What a $1,000 buy costs in fees
- $10by bank transfer
- Time for a bank withdrawal
- 1 to 3 days
- Coins
- Nothing has been published
Through bank transfer, the published fees for buying $1,000 of crypto on River come to $10. These cover the 1% fee, and the spread costs extra. River doesn't offer its services in Nevada or New York.
- $1,000 purchase by bank transfer
- $10 plus the spread
- States not served by River
- Nevada, New York
- Withdrawing money through a bank
- Between 1 and 3 working days is how long a free standard withdrawal takes
- State licence: New York NYDFS
- No support.river.com
5.3/10
- The fee score is 4.0 out of 10, and its weight is 30%
- Availability scores 7.4 out of 10 and carries a 20% weight.
- Security and licences score 5.0 out of 10 and carry a 20% weight.
- Products score 1.0 out of 10 and carry a 15% weight.
- App ratings score 9.8 out of 10 and carry a 15% weight.
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a River accountRiver fees in dollars
Each fee in the River table links to its source page on River. The example adds up all fees for $1,000.
| Fee | Rate | Source | Read on |
|---|---|---|---|
| Simple buy fee | 1% | support.river.com | November 2, 2026 |
| How the simple buy fee is set | Orders placed once, up to $1M, pay 1.00%. Lower tiers are 0.70% $1M-5M, 0.40% $5M-15M and 0.25% $15M+. Recurring buys (once the first 7 days are past) and direct-deposit conversions pay 0% | support.river.com | November 2, 2026 |
| Spread | Buys usually have a spread of around 0.25%, while sells have one of around 0.50%. The rate varies, and you'll see it before confirming. | support.river.com | November 2, 2026 |
| Wire deposit | Free | support.river.com | November 2, 2026 |
| Bank withdrawal (ACH) | Free | support.river.com | November 2, 2026 |
| Wire withdrawal | Free | support.river.com | November 2, 2026 |
| Instant cash out | For instant cash withdrawals through the app, the charge is 1%, with $1.00 minimum and $150.00 maximum. Standard cash outs are free | support.river.com | November 2, 2026 |
| Bitcoin withdrawal | A network fee applies at Priority or Standard speed, and you receive one free send every month | support.river.com | November 2, 2026 |
What does $1,000 cost on River?
For the same $1,000, every payment or payout method carries its own cost. If you see a dash, River hasn't published a figure
| What you do with $1,000 | You pay | How it is charged |
|---|---|---|
| Buy by bank transfer (ACH) | $10 | 1% fee, plus spread |
| Buy by wire | $10 | 1% fee, plus spread |
| Cash out to your bank (ACH) | $0 | free |
| Cash out by wire | $0 | free |
| Cash out instantly to a debit card | $10 | 1% fee, capped at $150, minimum $1 |
| Send Bitcoin to a wallet | – | Network fee shown before you send |
On the River fees page, you can find every River fee and a calculator for your amount
River's availability
You can't use River in Nevada or New York, which makes it unavailable to New York residents
Withdrawing funds from River
River's bank withdrawals are free. Standard withdrawals take 1 to 3 working days, with a $10 minimum With River's hold rule, bank-funded bitcoin purchases and bank-transfer deposits include a waiting period before transfer or withdrawal. The period changes, wires aren't subject to it and instant withdrawal lets you withdraw a portion.
Check the River withdrawal guide for withdrawal times and limits, plus steps for a stuck withdrawal.
River's licences and the company behind it
River Financial Inc. operates River's US business.
In New York, River doesn't hold an NYDFS licence.
River lists state licences on its licences page.
How River manages security
Alongside an anonymised Proof of Liabilities, River shows a live, on-chain Proof of Reserves. The displayed amounts were 33,404.73460549 BTC for assets and 33,332.42473254 BTC for liabilities. A proof of reserves offers an attestation, not a complete audit of River.
River custody: multisig cold storage holds 100% of client bitcoin deposits after purchase.
Account protection at River includes 2-factor authentication and new device verification, along with ForceField send limits
River app ratings
In the App Store, the River app scores 4.9 out of 5 from 9,070 ratings
River's pros and cons
Pros
- River publishes a proof of reserves.
- You can make bank withdrawals from River without a fee.
- River's iPhone app scores 4.9 out of 5
Cons
- You can't use River in Nevada or New York.
- The spread for River's simple buy price hasn't been published
- River doesn't offer an advanced trading screen with lower fees.
River, side by side:
You see River and the exchanges people most often consider alternatives side by side on these pages.
More River information
Questions people ask
Is River available in all US states?
You can't use River in either Nevada or New York.
How long does it take to get a River payout to a bank?
River charges nothing for bank withdrawals, and standard payouts arrive between 1 and 3 working days; the smallest amount is $10.
Does River offer a 1099 form?
Yes, it does. If they apply, River issues 1099-DA, 1099-MISC, 1099-INT, 1099-NEC.