Cash App vs Electrum Comparison
| Company | ||
|---|---|---|
| User rating | 6 user review | 11 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
About
|
The Cash App is a peer-to-peer money transfer service developed by Square Inc. that allows users to send and receive money. This service can help you send utility bills, pay for purchases, share the cost of the trip, or any other money sending task that you want to perform with other Cash App users. The Cash App also functions similarly to a bank account, providing users with a debit card called the “Cash Card”, which allows them to make purchases using the funds in their Cash App account. The app also allows users to invest their money in stocks, as well as buy and sell bitcoins.
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Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
Founding Date
| 2013 | 2011 |
Country
| USA | International |
Languages
| English | English |
Wallet type
| Software wallet | Software wallet |
Storage type
| Hot wallet | Cold wallet |
Private keys
| Not available | Available |
Available coins
| 0 | 1 - Bitcoin (BTC) |
Security
| No data | No data |
Anonymity
| No data | No data |
Ease of use
| No data | No data |
Has attached card
| No data | No data |
Has trading facilities
| No data | No data |
Has vouchers and offers
| No data | No data |
Features
| No data | No data |
| About |
The Cash App is a peer-to-peer money transfer service developed by Square Inc. that allows users to send and receive money. This service can help you send utility bills, pay for purchases, share the cost of the trip, or any other money sending task that you want to perform with other Cash App users. The Cash App also functions similarly to a bank account, providing users with a debit card called the “Cash Card”, which allows them to make purchases using the funds in their Cash App account. The app also allows users to invest their money in stocks, as well as buy and sell bitcoins.
|
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2011 |
| Country | Country USA | Country International |
| Languages | Languages English | Languages English |
| Wallet type | Wallet type Software wallet | Wallet type Software wallet |
| Storage type | Storage type Hot wallet | Storage type Cold wallet |
| Private keys | Private keys Not available | Private keys Available |
| Available coins | Available coins 0 | Available coins 1 - Bitcoin (BTC) |
| Security | Security No data | Security No data |
| Anonymity | Anonymity No data | Anonymity No data |
| Ease of use | Ease of use No data | Ease of use No data |
| Has attached card | Has attached card No data | Has attached card No data |
| Has trading facilities | Has trading facilities No data | Has trading facilities No data |
| Has vouchers and offers | Has vouchers and offers No data | Has vouchers and offers No data |
| Features | Features No data | Features No data |
Social
Website
| cash.app | electrum.org |
| @cashapp | @ElectrumWallet |
| Website | Website cash.app | Website electrum.org |
|---|---|---|
| Twitter @cashapp | Twitter @ElectrumWallet |
Advantages
| - Users can import their phonebook and send money to their friends using a phone number or email. - Customers can buy and sell Bitcoin directly from your Cash App balance. - Cash App protects its customers with security features including PIN entry, face and fingerprint identification, encryption, and offline storage of bitcoins. | - Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required. - Decentralization. The wallet is fully decentralized. - Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking. - Control over private keys. Their import or export. - Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money. - Wallet recovery using seed-phrase from which private keys are generated. - Transparency, which is provided by the publication of open-source code. - Manually set commission size. - Bulk translations. - Multilingualism. There are translations in different languages in the wallet. |
Disadvantages
| - Limited transparency when it comes to other transactions using the application. - You have to pay a 1.5% commission in order to instantly receive money. - You cannot make payments internationally. - You must verify your account to increase sending and receiving limits. | - Only 5 cryptocurrencies supported - No obvious customer support |
Rating
| User rating | User rating 6 user review | User rating 11 user review |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages - Users can import their phonebook and send money to their friends using a phone number or email. - Customers can buy and sell Bitcoin directly from your Cash App balance. - Cash App protects its customers with security features including PIN entry, face and fingerprint identification, encryption, and offline storage of bitcoins. | Advantages - Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required. - Decentralization. The wallet is fully decentralized. - Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking. - Control over private keys. Their import or export. - Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money. - Wallet recovery using seed-phrase from which private keys are generated. - Transparency, which is provided by the publication of open-source code. - Manually set commission size. - Bulk translations. - Multilingualism. There are translations in different languages in the wallet. |
| Disadvantages | Disadvantages - Limited transparency when it comes to other transactions using the application. - You have to pay a 1.5% commission in order to instantly receive money. - You cannot make payments internationally. - You must verify your account to increase sending and receiving limits. | Disadvantages - Only 5 cryptocurrencies supported - No obvious customer support |
Cash App user rating is 4.3, based on 6 user reviews. Electrum user rating is 3.6, based on 11 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
Cash App vs Electrum - Which Wallet Is Better in 2025?
This Cash App vs Electrum comparison is based on the most recent data on both companies. We do our best to provide you with unbiased information about cryptocurrency companies.
Based on user reviews only, Cash App is rated 4.3 with 6 user reviews, while Electrum is rated 3.6 with 11 user reviews.
Let's finally move to overall Trust Score: