Cash App provides several security features, like Venmo and PayPal, but falls short in some areas when compared to a traditional bank account.

SOPA Images/Getty Images

Cash App is relatively safe due to its encrypted transactions, security features, and protections. You should enable the app's security features and watch for scams or fraudulent transactions.   Cash App isn't a replacement for a bank account as your balance isn't federally insured.

Cash App is one of several popular...

Continue Reading How to keep your money safe with Cash App and 5 ways to protect yourself from scams