Cash App has removed all fees and spreads on Bitcoin purchases over $2,000 as well as on all recurring and automated buys, marking a major shift in its pricing strategy. This change makes the Block-owned payment platform one of the most cost-effective options for Bitcoin buyers, particularly those using dollar-cost averaging methods.
Pricing overhaul targets frequent investors
Before this update, Cash App charged up to 2.0% on small Bitcoin purchases, with fees of 0.9% on transactions between $1,000 and $1,999. also buyers paid a spread, the difference between market and purchase prices, adding to the cost. Now, any purchase above $2,000 is free from both fees and spreads. The same applies to recurring transactions set up through Auto Invest or Round Ups, regardless of the amount.
This move cuts into the expenses that add up for retail investors who buy Bitcoin regularly. For example, paying 1.5% fees on weekly $100 buys results in $78 lost to fees each year. By wiping out these charges, Cash App directly appeals to long-term holders who rely on consistent investing.
Along with fee changes, Cash App announced increased Bitcoin withdrawal limits, though it hasn’t specified the new thresholds. The platform continues to guarantee 1:1 backing of all Bitcoin held and provides 24/7 access to withdrawals.
Since launching Bitcoin services in 2017, Cash App has expanded its crypto features, including support for the Lightning Network to enable faster and cheaper transactions. Block, the company behind Cash App, is strongly focused on Bitcoin’s future. Its CEO, Jack Dorsey, has called Bitcoin the "native currency of the internet" and the company holds Bitcoin on its corporate balance sheet. Block also supports Bitcoin development through its Spiral team and has experimented with a hardware wallet prototype.
This aggressive fee cut challenges major exchanges on pricing and could shift how retail investors choose where to buy Bitcoin.
This content is for informational purposes and is not financial advice.
