Cash App Review

Fees explained

Cash App prices the same bitcoin purchase anywhere between zero and 2.75%, and which end you land on depends entirely on how you place the order. As of September 2026, a market buy or sell of $1 to $499 costs 2.0%, falling to 0% above $2,000, while Auto Invest, Round Ups and direct-deposit buys are charged at 0% at every size (source: Cash App bitcoin fees page). On top of a market buy sits a spread of up to 0.75%.

Cash App is a broker, not an exchange. Its terms define a conversion rate as the price at which you may buy virtual currency from, or sell it to, the company (source: Cash App terms of service). You are trading with Block, Inc., not with other customers through an order book, so there is no maker taker fee and no way to place a limit order and wait.

The spread is the part that does not appear in the table. Cash App states it may use a spread, a mark-up or mark-down in price, to reduce price volatility and maintain the service, that depending on market conditions the spread may be anywhere between 0% and 0.75%, and that any spread is included in the price shown on the confirmation screen (source: Cash App bitcoin fees page). It is a band, not a rate, so the true cost of a $100 market buy sits somewhere between 2.0% and 2.75% and you cannot tell where until you see the quote.

Auto Invest, Round Ups, direct deposit and buys over $2,000 are stated as free of both the fee and the spread (source: Cash App bitcoin fees page). That is an unusually clean zero, and it is the entire reason to use this venue.

History and ownership

Cash App is a product of Block, Inc., the company formerly named Square, Inc., which carries NMLS No. 942933 (source: Block licenses page). Block is a US-listed company, which means audited accounts and scheduled disclosure of litigation, though neither Block nor Cash App publishes a reserves report for the bitcoin it holds on behalf of customers.

Bitcoin sits under a separate set of virtual currency terms inside the wider Cash App terms of service, and in New York the business runs under a different name again: Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services (source: Cash App bitcoin disclosures). Cash App's headquarters and founding year are stated in its terms and licensing pages rather than on a company history page, and no founding year for the crypto product is published on the sources used here.

Products and markets

The menu is one asset. Bitcoin is the only tracked asset Cash App sells; the app supports some stablecoin transfers, but no other coin RampAtlas tracks is on offer (source: Cash App bitcoin fees page). If you want ethereum or anything beyond bitcoin, this is the wrong venue and no fee tier changes that.

Geography is equally narrow. To register for a virtual currency account you must have a Cash App account, be an individual using the service for personal use, be a resident of the United States, be at least 18 and the age of majority in your state, and use the virtual currency services in the United States (source: Cash App terms of service). That rules out every country outside the US, including the United Kingdom, Canada, Australia and the whole of the European Union.

One state carries a published caveat. Block, Inc. holds a money transmitter license issued by the Indiana Department of Financial Institutions, and that license does not cover virtual currency transactions (source: Block licenses page). What the page does not say is whether Indiana residents can still buy bitcoin under some other authority, so treat Indiana as unresolved and confirm before opening an account. See United States for the wider state picture.

Security record and custody

Block holds a virtual currency licence in New York, number 122486, and a Virtual Currency Business Activity licence from the Louisiana Office of Financial Institutions, number 942933, alongside money transmitter licences in the states listed on its licences page (source: Block licenses page). Identity verification is required. To use the virtual currency services you may be asked for your name, address, telephone number, email address, date of birth, taxpayer identification number, government identification number and bank account information (source: Cash App terms of service), which is standard kyc for a US money transmitter.

Deposits and withdrawals

Funding is cheap and short. Adding money by direct deposit or from a linked bank account is $0 on the Cash App fee summary (source: Cash App terms of service). Bitcoin buys are funded from the Cash App balance or from a linked bank account or card, and Cash App may settle an add-money transfer using any electronic payment network operating in the United States (source: Cash App terms of service). Card funding for a bitcoin purchase is not separately priced on the pages sourced here, so treat it as not published rather than free.

That leaves only two published cash rails, both at zero, which is why there is no rail table here. On the crypto side, no withdrawal fee, network fee or withdrawal limit is published on these pages.

Support and usability

Cash App is a payments app that happens to sell bitcoin, and the design follows from that. There is no chart to read, no order type to choose and no fee schedule to negotiate. Setting up Auto Invest takes a minute and locks in the zero-fee, zero-spread route permanently, which makes this one of the few brokers where the cheapest path is also the easiest one. That structure suits dollar cost averaging better than it suits a single large purchase, though a single purchase over $2,000 is also free.

The corresponding weakness is that a hurried buyer taking the obvious action, a one-tap market buy of $50, pays the most expensive rate on the menu. Support hours and channels for the bitcoin product are not published on the sources used here.

Verdict

Cash App suits a US buyer who wants bitcoin on a schedule and will set up Auto Invest, Round Ups or a direct-deposit buy. On that route the published cost is zero on both the fee and the spread, which is cheaper than any order-book venue's maker rate, and the app is already on most people's phones. It suits nobody who wants a second asset, who lives outside the United States, or who taps the market buy button for small amounts, where 2.0% plus a spread of up to 0.75% is worse than most alternatives. Indiana residents should confirm eligibility first. Compare the routes at Compare and the coin-level view at Buy Bitcoin.