Cash App just made buying Bitcoin a lot cheaper, at least if you’re spending real money. The Block-owned payments platform announced it’s eliminating all fees and spreads on Bitcoin purchases exceeding $2,000, as well as on every recurring and automated buy.
That means users setting up Auto Invest schedules or rounding up their purchases pay nothing extra. For a platform that’s offered Bitcoin since 2017, this is the most aggressive pricing move it’s ever made.
What actually changed
Previously, Cash App ran a tiered fee structure that wasn’t exactly friendly to cost-conscious buyers. Small purchases got hit with fees as high as 2.0%, while transactions in the $1,000 to $1,999 range still carried a 0.9% charge. On top of the explicit fees, the app also baked in a spread, the gap between the market price of Bitcoin and the price you actually paid.
Now, for any single purchase above $2,000, both the fee and the spread are gone. Zero percent across the board.
