Cash App has popped up seemingly out of nowhere and you may be thinking “What is this app? I want cash!”

All of a sudden huge celebrities like Joe Rogan and the 100thieves gaming team are promoting this weird clickbait-sounding investing app? 

So… what’s the deal with Cash App? Is it Legit? Is it worth using it as an investment platform?

Well, GOOD NEWS! That’s what we’re going to go over, in-detail.

Table of Contents

How does Cash App rate as an investing app?

Our Cash App Rating

4.2/5 Stars


4.1/5 Stars


4.5/5 Stars

Services 75%
Simplicity 100%
Sign-ups 80%
Stock Research 75%
Store Rating 85%
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We get the Cash App star rating by analyzing 5 metrics – Simplicity, Services, Sign-up and referral bonuses, Stock researching tools, and it’s Store rating, which is the average between it’s Google play store rating, and it’s Apple store rating.

The star rating we give to investment apps are the average of those 5 ratings.

Overall, we give Cash App 4.2/5 stars, the Google Play Store gives Cash App 4.1/5 stars, and the Apple store gives it 4.5/5 stars.

If you keep reading, we will explain why we gave Cash App the scores we did and tell you a little more about the app.

Signing up for Cash App investing

When you sign up for a brokerage service, the government requires them by law to obtain some personal information from you, like:

I know it’s scary, but it’s ok. Investing is scary. Life is scary.

Just don’t give this information to a company that isn’t legitimate and you’ll be perfectly fine.

ANY company that allows you to buy and sell stocks or any major asset is going to have information about it everywhere online.

That doesn’t mean to just trust a company because it has a website, but ANY company worth using is going to have a TON of social proof floating around. It’s ok to do your research.

Every app on this site has been personally tested by us and we have already done all the research for you. You are good to go, the only thing you REALLY have to worry about is learning how to invest properly.


Cash App service and extra features

Services 75%

Cash App’s services and features FEEL really nice for the type of app it’s supposed to be. Everything is really easy to understand and functions great.

At first I didn’t take the app seriously, but the more I use it the more I appreciate it’s design. (Yes I us this app regularly.)

The only real problem with Cash App is it’s focused more on simplicity than on providing features.

Here’s a list of features Cash App provides: 

Cash App FeaturesFree AccountPremium Account
Monthly Fee$0N/A
Minimum Balance$0N/A
Instant Depositsinvestment app feature yesN/A
Automatic Depositsinvesting apps feature noN/A
Stocksinvestment app feature yesN/A
ETFsinvestment app feature yesN/A
Optionsinvesting apps feature noN/A
Cryptocurrencyinvestment app feature yesN/A
Fractional Sharesinvestment app feature yesN/A
DRIP/FRIPinvesting apps feature noN/A
Bondsinvesting apps feature noN/A
Mutual Fundsinvesting apps feature noN/A
Paper Tradinginvesting apps feature noN/A
Margin Accountsinvesting apps feature noN/A
Retirement Accountsinvesting apps feature noN/A
Banking Servicesinvestment app feature yesN/A
Human Advisorsinvesting apps feature noN/A
Robo Advisorsinvesting apps feature noN/A
Stock Screenersinvesting apps feature noN/A
Level 2 Market Datainvesting apps feature noN/A
OtherMoney Transfer ServiceN/A

Depositing money in your Cash App account

Adding money to your Cash App investing account is REALLY easy, since everything in their app is built to be simple.

In order to add money to your new Cash App investment account, click on the symbol on the bottom left of your screen. Shown here:

investing app reviews

You’re going to have to link a card or bank account to be able to transfer money into your Cash App account. Again, this process is really fast and easy. These companies want it to be as convenient as possible for you to come and use their service, so this process is done before you know it.

Transferring money with Cash App

The money transfer functionality of Cash App is one of the major features that differentiates Cash App from it’s competitors.

Once again, the transfer money feature of the app is extremely easy to use.

As soon as you’ve signed up you can see your contacts’ Cash App username and easily send money or request money from them with a few taps.

Remember, if you signed up with our Cash App affiliate link, if you send $5 to one of your friends within your first 14 days, both you and our site will get sent $5 instantly from Cash App 😀

How simple is Cash App to use?

Simplicity 100%
investing tutorial guide

CashApp was designed to offer you as much simplicity as you can get without having a robo-advisor or account manager investing your money for you.

Robo-advisors are relatively new, so people are a little skeptical of them, and people are even MORE skeptical of account managers, since they take a portion of your money to do trades for you.

I’m not claiming an account manager or robo-advisor is a bad idea, as a matter of fact my father used an account manager his whole life, and the guy did a decent job. My dad is taken care of now, BUT some people would rather learn themselves, because investing really isn’t all that complicated.

That’s the whole purpose of these apps in the first place, and luckily, Cash App is PERFECT for people who are new to investing.

Cash App even has a really amazing and easy to understand guide to how the stock market operates, I was impressed at how simple and informative it was.

Every part of Cash App’s investing app feels very minimalist, yet still functions great and provides enough functionality to do it’s job.

If Cash App is too difficult for you to use, then you’re going to be very limited in investing app choices, because very few are as easy to use as Cash App is.

Cash App sign-up and referral program

Sign-up and referral bonuses 80%

Being in LOVE with referral and affiliate marketing, this is my favorite part of these reviews! 

It STILL blows my mind that companies will pay people to sign up for their service, AND pay the person who referred them too…

That’s the best win-win scenario anyone could ever really hope for, especially if the company has a great service, which Cash App does.

With that being said, Cash App doesn’t have the greatest sign-up or referral bonuses on the planet, BUT at least they aren’t locked behind a really expensive barrier of entry.

As already mentioned, when you sign up with a referral link and send $5 to a friend, you and the person who referred you will get $5, so that means you can refer other people and get paid even more.

The requirement for new users to send $5 within their first 14 days is a LITTLE annoying but it’s not nearly as bad as asking people to deposit hundreds or thousands of dollars to receive a bonus.

Sure, $5 isn’t going to change your life, but these referrals stack up over time. 

Regular people aren’t going to make much money with referrals, because digital marketing is a very competitive environment, and not everyone is trying to download a bunch of investing apps, but it CAN make you a few extra bucks, AND it CAN lead to bigger and better things IF you put the EFFORT in.

Cash App will even pay $15 (for now) for some referrals! It seems like people are getting $15 for inviting friends directly through their phone’s contact list, but I’m not 100% positive about the requirements, yet.

Cash App stock research tools

Stock research tools 75%
investment research tools

When you’re spending money you want to know exactly what you’re buying, especially when it comes to something serious like the stock market.

Fortunately, there are TONS of research tools out there for stocks, and most of the investing apps have some pretty decent tools built-in, so you won’t have to guess what you’re paying for.

Cash App only has simple tools, so if you’re really into technical analysis or staring at fancy charts all day, you’ll probably need to use a third party site to research, like Marketwatch.

The tools are perfectly fine for everyday people and beginners, but Cash App’s tools were built to be simple, not powerful trading tools like Webull’s are.

This is the end of our actual review of Cash App, and if you don’t think Cash App is the right investment app for you, we have reviews on our homepage that will help you find the best investing app for you.

Below is a list of the most frequently asked questions about Cash App, as well as some advice about how to make some extra money with it through referrals.

Cash App Stock Pros And Cons

Cash App is just like anything else, it has it’s strengths and weaknesses.

Cash App Pros:

  • Very easy to use
  • You can transfer money
  • You can transfer Bitcoin
  • Bitcoin trading
  • Free
  • Fractional shares

Cash App Cons:

  • Stock research tools aren’t very good
  • Bitcoin is the only crypto they support

Cash App FAQ

How does Cash App make money?

Cash app makes their profit by charging business for payment processing, as well as charging users for quicker cash withdrawals. They also charge users up to 1.76% for Bitcoin purchases through their investing service.

Does Cash App offer fractional shares?

Yes! Cash App offers investors the opportunity to purchase fractional shares of their favorite company’s stock.

Sticking to their goal of a simple user experience, it’s no surprise that Cash App decided to offer investors the ability to purchase fractional shares.

Fractional shares are wonderful, especially for people who don’t have a huge budget set aside for investing.

Some of us don’t have $300,000 laying around to spend on a share of Berkshire Hathaway, sorry.

Even if you do have the money, fractional shares make life more convenient for you.

Calculating the number of shares you can afford and how many you need to re-balance your portfolio isn’t rocket science, but fractional shares make it much easier and convenient to manage your investments.


How much does Cash App cost? Does Cash App have fees?

CashApp is FREE , and they will actually pay people to sign up and use their service. There are no commissions (other than the SEC fees that every investor has to pay no matter what) and no minimum balance requirements.

The only fees Cash App has, are fees for purchasing Bitcoin, a fee to withdraw money to your bank instantly, regulatory fees (all investors have to pay these by law), and a 3% fee credit card processing fee. Here’s a link to their fee schedule.

Can Cash App send money to Venmo?

No, users cannot transfer money from Cash App to Venmo, you can only send money to your bank, or to other Cash App users.

Will Cash App take credit cards?

Yes, Cash app accepts transactions from credit cards, debit cards, bank accounts, and transfers from other users.

Why did my Cash App transfer fail

Money transfers can fail if there’s a problem with your bank account, OR your internet connection. Check both and if there are no problems, contact their customer support.

Are Cash Cards free?

Yes, Cash App debit cards are free, and you can even customize them! You have to be over the age of 18, and you sign up for them inside the app.

Is Cash App Legit

Yes, Cash App is a legitimate investing app provided by Square Inc. The CEO, Jack Dorsey, also runs Twitter. Yes, Cash App will give people money to use their service and get their friends to use it. That kind of customer acquisition is very popular in the Fintech Industry, as well as pretty much every other Industry.

How do I get started making money with referral marketing and Cash App

I only found Cash App in the first place because I’m a digital marketer and I was looking for products to refer to people.

Then I tried it and really started to like the app, so why wouldn’t I want to spread the word?

When I first started out with digital marketing, I was convinced I wouldn’t be able to “sell” products or get anyone to click on a link.

I’m not a wealthy investor or social media influencer…

Why would they click on my link?

Who am I? Why would they trust my word for it?

Well the reality is… the only way you’ll “sell” any of this stuff is if you actually believe in the product.

You can’t just tell people some garbage product is AMAZING and go about your day, they have brains, they know when they’re getting swindled.

SO with that being said, here are some things you can do to make a little extra money, or even a full income (good luck, it’s a LOT of work to do this full-time) from referral marketing with investing apps like Cash App.

Any kind of online marketing is going to take some practice, and if you don’t want to start your own website you can always get extra spending money by referring people to use Cash App (or any other product, investing app or not) on social media.

This is a lot harder than it sounds because of the sheer number of people already trying to convince people to try things, so be realistic.

You aren’t going to just spam your Cash App link on Facebook and get 100 people to sign up. You might get 1, if you’re lucky.

There ARE tons of people who ARE interested, but it takes a lot more effort than just copying a link and spamming it everywhere. You usually have to talk to people and answer questions from them about it, so it’s important to actually try the apps first haha.

BUT… you can always look around and watch which tactics other people are using that work and develop your own unique method of attracting people to your links.

I personally find using a website is the most efficient way, but some people are more socially adept than I am, so they will have an easier time connecting with people on social media than an introvert like myself.

Anyway, I LOVE affiliate marketing and referral marketing so I wouldn’t feel right if I didn’t discuss it a little in my articles, especially about apps that are popular in the referral marketing circle currently, like Cash App.

I hope you liked this article and I hope it answered all your questions. If you have any questions or comments, please share them.

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This Post Has 2 Comments

  1. fuck feelings

    Howdy! This article could not be written any better! Reading through this post reminds me of my previous roommate! He continually kept preaching about this. I am going to forward this information to him. Pretty sure he’s going to have a good read. Thank you for sharing!

    1. Gerald Tighe

      Thank you! I appreciate the support

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