Cash App Erases Fees on Large Bitcoin Purchases Above $2,000

Cash App has made a significant move in the crypto space by eliminating all fees and spreads on large Bitcoin purchases above $2,000. The platform's tiered fee structure, which previously charged up to 2.0% for small purchases, is now a thing of the past. This change also applies to recurring buys, including those set up through Auto Invest or using the Round Ups feature.

The move aims to make buying Bitcoin more accessible and affordable for users, particularly those who use dollar-cost averaging as their investment strategy. By removing fees on small, frequent purchases, Cash App is targeting a key behavior among retail investors.

This change aligns with Block's Bitcoin-first philosophy, which emphasizes the importance of self-custody and 24/7 withdrawals. The company has been vocal about its commitment to making Bitcoin more user-friendly and accessible.