Cash App removes all fees on large Bitcoin purchases and recurring buys

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. The same applies to all recurring buys. If you’ve set up weekly or monthly Bitcoin purchases through Auto Invest, or if you use the Round Ups feature that sweeps spare change into Bitcoin, those transactions are now free regardles...