Cash App Drops Fees on Big Bitcoin Buys – Who Needs Banks Anyway?

Key Highlights

  • Cash App has eliminated fees on Bitcoin purchases over $2,000, making large buys cheaper than the usual crypto exchange rates-because apparently generosity was hiding in the fine print all along.
  • Eligible users now enjoy Bitcoin withdrawal limits increased by up to five times, which makes self-custody feel less like a scavenger hunt and more like a straightforward DIY project.
  • These fee-free large purchases and higher limits push forward Jack Dorsey’s dream of “living on Bitcoin” by making everyday use easier through Cash App’s growing Bitcoin features.

Cash App, the popular mobile payment platform owned by Block Inc. and led by Bitcoin advocate Jack Dorsey, announced the complete removal of fees on Bitcoin purchases larger than $2,000.

Cash App Bitcoin illustration

With fees wiped for bigger buys, Cash App basically says, “Yes, you can buy Bitcoin without feeling guilty about your bank’s fees.” The higher withdrawal limits are there to make self-custody feel less like a scavenger hunt and more like a DIY upgrade you actually finish.

The peer-to-peer money transfer app positions these enhancements as foundational steps toward “living on bitcoin.” The app already supports features like getting paid in Bitcoin through direct deposits, automatic dollar conversion, turning spare change into Bitcoin. It also integrates tools like Bitcoin Map for spending and Bitkey for self-custody hardware wallets.

Jack Dorsey’s love for Bitcoin

Jack Dorsey, co-founder of Twitter (now X) and executive chair of Block, has long championed Bitcoin as more than just an investment. He imagines Bitcoin as everyday money and a global currency for financial inclusion-like a utopia with fewer passwords and more sats.

Since integrating Bitcoin into Square (now part of Block) over a decade ago, Dorsey has consistently pushed for its adoption. He publicly described it as “the native currency of the internet” and has argued for its use in daily transactions, because apparently we all deserve a planet where we pay for coffee with something that might someday be worth a beach house.

Through Cash App, Dorsey has pushed Bitcoin into a mainstream financial ecosystem, from fee-free direct deposit conversions to merchant acceptance. Initiatives, such as enabling instant Bitcoin payments via Lightning Network and no fees until 2027, underscore his commitment to pushing adoption for the largest cryptocurrency further-even if the rest of us are still figuring out how to remember our passwords.

Dorsey has also shared plans to integrate Bitcoin on Block-a conglomerate that manages Square, Cash App, Tidal, and other Bitcoin-focused initiatives-by this year. It sounds like someone sprinkled a dash of sci‑fi into a fintech conference and called it strategy.

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2026-02-11 15:52