Cash App Dramatically Increases Bitcoin Withdrawal Limits and Eliminates Fees
Block Inc.'s Cash App has rolled out major improvements to its Bitcoin services, including a fivefold increase in daily withdrawal limits and zero-spread pricing for its 58 million users.
Cash App has implemented substantial upgrades to its Bitcoin functionality, positioning itself as potentially the most cost-effective platform for buying and selling Bitcoin in the United States, according to Miles Suter, Product Lead at Block Inc.
The payment app raised daily withdrawal limits from $2,000 to $10,000 and weekly limits from $5,000 to $25,000 for eligible customers among its 58 million active users. The company has also eliminated spreads on Bitcoin pricing and introduced zero-percent fees, with Suter claiming Cash App now offers "the best price in the world" for purchases exceeding $2,000.
New funding options include ACH transfers supporting deposits up to $10,000 and wire integration for larger transactions, marking a significant expansion beyond the app's traditional debit card infrastructure.
Looking forward, Cash App plans to enable automated Bitcoin payments through Square terminals via Lightning Network, allowing merchants to accept Bitcoin while users pay from USD balances without triggering tax events. The company is also exploring Bitcoin-backed loans and stablecoin integration, though specific timelines were not disclosed.
Suter emphasized the company's mission to make Bitcoin "a foundational currency within Cash App," enabling users to transact in Bitcoin seamlessly without requiring technical knowledge of the cryptocurrency.
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