Cash App Eliminates Fees on Recurring Bitcoin Purchases

Cash App, a product of Block Inc., has introduced Auto Invest, a fee-free feature that allows users to schedule recurring Bitcoin purchases. Starting at as little as $1, users can set up daily, weekly, or monthly buys, with the option to automatically route these purchases to a Bitkey hardware wallet.

The zero-fee structure is a significant change for small buyers, who often face high costs on other platforms. For example, a 1.5% fee on a $10 weekly purchase adds up to over $7 annually before considering price movement.

Cash App's partnership with Bitkey has been in place since June 2023, but the integration is now more useful thanks to recent updates. The updated Bitkey hardware wallet includes a screen, addressing one of its main complaints. Cash App also supports automatic conversion of peer-to-peer payments to Bitcoin and offers 5% Bitcoin Back rewards.

The combination of these features creates a compounding flywheel that requires minimal active management from users. By earning Bitcoin on purchases made through Cash App, users can automatically stack their earnings into an Auto Invest position and route them to Bitkey for self-custody.