Robinhood vs Cash App: fees, withdrawals, safety and which to use
A $1,000 purchase by bank transfer costs $0 with Robinhood, compared with $9 on Cash App.
Robinhood vs Cash App fees
For $1,000, Robinhood and Cash App list dollar fees on the pages provided by each exchange.
| $1,000 and the basics | Robinhood | Cash App |
|---|---|---|
| Buy by bank transfer (ACH) | $0 | $9 |
| Buy by wire | $0 | – |
| Sell and send to your bank (ACH) | $9.50 | – |
| Cash out to your bank (ACH) | $0 | – |
| Cash out by wire | $25 | – |
| Cash out instantly to a debit card | $17.50 | – |
| Send Bitcoin to a wallet | – | $0 |
| States it does not serve | Serves every state | – |
| Serves New York | Yes | Yes |
| Bank withdrawal | Free | – |
| NYDFS licence | Yes | Yes |
| App Store rating (ratings) | 4.3 (4,899,968) | 4.8 (8,784,253) |
| Google Play rating (ratings) | – | 4.7 (4,520,000) |
| Coins listed | 92 | – |
When a row has a dash, the exchange gives no figure. A method marked "Not offered" isn't supported.
Robinhood vs Cash App in your state
Robinhood says it serves customers throughout all 50 states.
Cash App doesn't publish which US states it excludes. Its user terms only require you to live in the US.
Robinhood vs Cash App withdrawals
You can make free bank withdrawals from Robinhood.
On the pages we read, Cash App doesn't publish a bank withdrawal fee or time.
Robinhood vs Cash App safety
NYDFS grants Robinhood a New York licence or charter.
NYDFS grants Cash App a New York licence or charter.
Robinhood vs Cash App apps and coins
The App Store gives Robinhood's app a 4.3 out of 5 score based on 4,899,968 ratings.
The App Store rating for Cash App's app is 4.8 out of 5 based on 8,784,253 ratings. Google Play users give it 4.7 across 4,520,000 ratings.
Which should you choose, Robinhood or Cash App?
- Choose Robinhood if you will use its Exchange routing fee tiers and order book. This also applies if you live in a state others exclude.
- Choose Cash App when you want its app and simple buy screen.
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