Software Alternatives, Accelerators & Startups

CurrencyFair VS Cash App

Compare CurrencyFair VS Cash App and see what are their differences

CurrencyFair logo CurrencyFair

No bank rip-offs transferring money internationally

Cash App logo Cash App

The easy way to send, spend, bank, and invest.
  • CurrencyFair Landing page
    Landing page //
    2021-09-22
  • Cash App Landing page
    Landing page //
    2023-06-13

CurrencyFair features and specs

  • Competitive Exchange Rates
    CurrencyFair offers exchange rates that are often more favorable than those provided by traditional banks, helping users save money on international transfers.
  • Low Fees
    The platform typically charges lower fees compared to conventional banking methods, making it a cost-effective option for transferring money internationally.
  • Peer-to-Peer Marketplace
    CurrencyFair offers a unique peer-to-peer currency exchange marketplace, allowing users to set their own rates and potentially achieve better deals.
  • Regulated and Secure
    CurrencyFair is regulated by financial authorities in multiple jurisdictions and implements strong security measures to protect user funds and data.
  • Fast Transfers
    The service aims to complete transfers quickly, often within one to two business days, depending on the countries and currencies involved.

Possible disadvantages of CurrencyFair

  • Limited Currency Availability
    CurrencyFair may not support all currencies, which can be a limitation if you need to transact in less common denominations.
  • No Cash Payouts
    CurrencyFair does not offer cash payout options for recipients, meaning they must have a bank account to receive funds.
  • Exchange Rate Re-Quotation
    While CurrencyFair offers competitive rates, there may be instances where the rate initially provided is adjusted, depending on market fluctuations before the transaction completes.
  • Geographical Limitations
    CurrencyFair services may not be available in all countries, limiting access for potential users in restricted regions.
  • User Interface
    Some users might find CurrencyFair's user interface less intuitive compared to other modern financial service platforms.

Cash App features and specs

  • User-Friendly Interface
    Cash App provides a simple and easy-to-use interface, making it accessible for users of all technical skill levels.
  • Instant Transfers
    The app allows instant transfer of funds between users, offering quick access to money.
  • Free for Basic Features
    Most basic transactions like sending and receiving money and accessing a Cash Card are free.
  • Bitcoin and Stocks
    Cash App allows users to buy and sell Bitcoin and invest in stocks directly from the app.
  • Direct Deposit
    Users can set up direct deposit to receive paychecks directly into their Cash App account, often receiving their funds two days earlier than traditional banks.

Possible disadvantages of Cash App

  • Fees for Instant Transfers and Premium Features
    While basic transfers are free, instant transfers and other premium features carry fees.
  • Limited Customer Support
    Customer service options are limited, primarily relying on email and in-app support rather than real-time phone support.
  • Lack of Banking Features
    Cash App offers fewer traditional banking features compared to full-fledged bank accounts, such as savings accounts and loans.
  • Security Concerns
    Despite having security measures, the app has experienced security breaches in the past, making some users wary.
  • Transaction Limits
    There are limits on the amount of money that can be sent and received, which could be constraining for high-volume users.

Analysis of Cash App

Overall verdict

  • Cash App is generally considered a good payment platform, especially for peer-to-peer transfers and casual transactions. It offers a range of features that cater to different financial needs, though users should always be cautious of potential scams and ensure their account is secured.

Why this product is good

  • Cash App is a popular mobile payment service that allows users to easily send and receive money, make purchases, and invest in stocks or Bitcoin. It is known for its user-friendly interface and convenience, making it a favorable option for many individuals who want a quick and hassle-free way to manage their financial transactions.

Recommended for

    Cash App is recommended for individuals who frequently send and receive money from friends and family, need to make quick payments, or are interested in casual investing in stocks or Bitcoin. It is also suitable for small businesses looking for an easy way to handle cashless transactions.

CurrencyFair videos

Transferwise vs CurrencyFair - Which One Is Better

More videos:

  • Review - Foreign Currency Exchange Easier, and CHEAPER?! [CurrencyFair] (2020) | Expats Everywhere
  • Review - CurrencyFair Review

Cash App videos

No Cash App videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to CurrencyFair and Cash App)
Online Payments
11 11%
89% 89
Money Transfer
100 100%
0% 0
Fintech
0 0%
100% 100
Payment Platform
13 13%
87% 87

User comments

Share your experience with using CurrencyFair and Cash App. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare CurrencyFair and Cash App

CurrencyFair Reviews

Top 7 Wise Alternatives
Another cost you should be aware of is the receiving bank charges in countries where CurrencyFair doesn’t have a local bank account (they don’t have local bank accounts in Canada and New Zealand yet, so receiving CAD and NZD can be relatively expensive for smaller amounts as the receiving banks charge a fee usually $15 – $30).
Source: transumo.com

Cash App Reviews

  1. It's interesting how Cash App's integration of Bitcoin and stock trading sets it apart from more traditional peer-to-peer payment apps like Venmo. While the 'Best Bill-Splitting Apps' comparison is helpful, I'm curious if anyone has experience using Cash App for those investment features specifically? How user-friendly are they compared to dedicated brokerage platforms, and have you noticed any significant differences in fees or performance?

  2. Best experience

    Paywint is a digital wallet application designed to facilitate instant money transfers, bill payments, and online shopping. It offers features such as linking multiple bank accounts and cards, real-time transaction alerts, and robust security measures, including encryption and AI-driven fraud detecion.

    Users have praised Paywint for its user-friendly interface and versatility in managing both personal and business finances. For instance, a user review highlighted the app's ease of use and its effectiveness in handling vendor payments and payroll.

    However, some users have reported issues related to transaction processing and customer support. There have been instances where funds were deducted from bank accounts without being reflected in the Paywint balance, and challenges in reaching customer support for resolution.

  3. Supriyo Chatterjee
    Great service

    The overall user experience of Cash App is seamless and intuitive. The app's interface is clean and easy to navigate, with clearly labeled sections for sending money, requesting funds, and managing your balance. Setting up an account is straightforward, requiring only basic personal information, a linked debit card, and a phone number or email.


Best Bill-Splitting Apps
Cash App doesn’t have bill-splitting payment functionality built-in—not yet at least—but because it’s a peer-to-peer payment platform, it can be useful for splitting payments. Once you’ve determined how a payment should be split, you can send a payment request to each person in the group right through the app. They can open their Cash App and send payment based on your...
Where is Revolut Available? International Alternatives for 2022
Cash App allows users to make payments and spend using a debit card and even invest in stocks and cryptocurrencies. It only operates in the UK and the United States.
Does Cash App Work Internationally? Worldwide Alternatives for 2022
This means that if you’re not a US or UK resident and want to open a Cash App account, you cannot do so. You also cannot send or receive money to (or from) other countries – Cash App doesn’t support cross-border payments (only between the US and the UK).

Social recommendations and mentions

Based on our record, Cash App seems to be a lot more popular than CurrencyFair. While we know about 235 links to Cash App, we've tracked only 7 mentions of CurrencyFair. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

CurrencyFair mentions (7)

  • How to buy US based ETFs from outside of the US (SCHD, JEPI etc)
    They only support bank wire transfers or transfers via currencyfair which is cheaper and quicker than a bank transfer. Their conversion rate is really nice (at least for EUR/ USD) but you will be charged an extra 20$ per transaction because of a 3rd party bank that comes into play. Source: over 2 years ago
  • Foreign conversion rates
    Use either Currencyfair https://currencyfair.com/ or Wise https://wise.com/. I have used both and I have a slight preference for Currencyfair for one-off transfer. Source: over 2 years ago
  • $$$ TOP AFFILIATE PROGRAMS 2022 $$$
    CurrencyFair -- Earn €20-200 Per Transfer -- https://currencyfair.com -- Finance. Source: almost 3 years ago
  • Multi currency account ING
    I should be much cheaper for you if you use sites like wise.com or currencyfair.com or other similar. Also change rate in ING might be different for others. Source: over 3 years ago
  • Soon to be US-expat for the first time. Looking for any and all advice.
    In the Netherlands, many places do not accept credit cards. They accept Dutch debit cards, or cash. Cash is not commonly accepted either. It's weird, it's annoying, but I recommend applying for a debit card ASAP upon arrival. ING or ABNAMRO are the primary options, both suck, but it is what it is. The best rate for transferring money has been https://currencyfair.com/ imo. Source: over 3 years ago
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Cash App mentions (235)

  • 23andMe is reportedly turning the blame back on its customers
    Thinking about this, a policy like this has actually locked me out of an account. The Cash app ( https://cash.app/ ) has locked out my account and demands I enter a CV2 code for a debit card that expired many years ago and I shredded. I've had a few friends send me money in that account that I can no longer access. What a wonderful authenticaton system. - Source: Hacker News / over 1 year ago
  • We all need a little help sometime.
    War vet here, disabled now. Had a blowout and need a few bucks for a used tire. Disability is shit, extremely difficult to get by. I'm humbled and grateful for any support. If you can live without it, I can live with ithttps://cash.app/$imjack01969. Source: over 1 year ago
  • Buy Verified CashApp Accounts
    Cash App is a widely utilized (global) mobile payment service that allows users to send and receive money, make purchases, and invest in stocks Bitcoin. To enhance security and enable access to more features, Cash App offers a verification process for its users. Cash App offers a debit card that allows you to spend your Cash App balance anywhere Visa is accepted. Having a verified account makes it easier to apply... Source: over 1 year ago
  • Buy Verified Cash App Accounts - 100% safe & BTC Enable
    You can use the app to send and receive money, but it’s not as easy as it sounds. It’s more like a glorified bank account than a real cash app. The service is owned by Square, an American company that owns a bunch of different payment systems, including Square Register. You can use Square Register to process and even accept payments like credit cards or debit cards. If you want to buy a Square Cash account you can... Source: almost 2 years ago
  • Buy Verified Cash App Accounts
    Cash App accounts can be created by anyone, but verified accounts have additional advantages such as higher transaction limits and a greater level of security, as well as the ability to invest in cryptocurrencies. It may be beneficial to purchase a verified Cash App account if you are seeking to maximize the benefits of Cash App. Source: almost 2 years ago
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What are some alternatives?

When comparing CurrencyFair and Cash App, you can also consider the following products

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Venmo - Venmo is the best way to pay your friends. It's simple, fun and free to use.

Valora - Send money like a text message to anyone worldwide

OnlyFinder - The Search Engine for OnlyFans

CurrencyTransfer - Expedia for business money transfers

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller