Cash App, the financial services platform led by billionaire Jack Dorsey, has implemented a major update this week, removing fees for significant Bitcoin purchases and all recurring buys. Previously, the app charged transaction fees between 0.9% and 2%, plus hidden spreads. For a one-time $5,000 purchase, this could cost a user $50 to $100. Even small, recurring Dollar-Cost Averaging (DCA) purchases added up, with $3–$6 per week quickly becoming $150–$300 in annual fees.
The new policy makes any Bitcoin purchase over $2,000 completely free of fees. Furthermore, all recurring purchases—whether daily, weekly, or monthly—now cost $0. The update also includes free payments to merchants via the Lightning Network directly from a user's Cash App balance, aiming for a seamless experience with no hidden costs.
This move is positioned to significantly lower the barrier to Bitcoin accumulation for millions of users. The article notes that historical data suggests fee cuts on major platforms can increase purchase volumes by 20–50% in the following weeks. This is seen as particularly impactful in February 2026, described as a mixed market where retail investors often pause accumulation during price volatility.
The update is framed as a competitive advantage for Cash App, which remains focused on Bitcoin, against other platforms like Coinbase, Gemini, and Robinhood that continue to charge fees for regular purchases and may emphasize other assets like memecoins.
