Cash App Review (October 2026): Fees, US States and Licenses

Our verdict

Cash App, operated by Block, Inc. (NYSE: XYZ), offers bitcoin only: buying, selling, on-chain withdrawals and Lightning Network payments. Market orders cost 2.0% under $500, 1.5% up to $999, 0.9% up to $1,999 and 0% from $2,000; a spread of up to 0.75% may apply. Auto Invest, Round Ups and paycheck conversions carry no fee. Block holds New York virtual currency and money transmitter licenses.

Cash App fees

Maker / taker

— Not verified

Simple buy

Market buy or sell: 2.0% for $1-$499, 1.5% for $500-$999, 0.9% for $1,000-$1,999 and 0% for $2,000 or more; a spread of 0% to 0.75% may apply. Auto Invest, Round Ups and Paid in Bitcoin: 0% fee and no spread

Volume tiers

Buys over $2,000 are also spread-free, per Cash App.

ACH deposit

— Not verified

Wire deposit

— Not verified

Card purchase

— Not verified

USD withdrawal

— Not verified

Crypto withdrawal

No Cash App fee for standard-speed on-chain withdrawals (within 24 hours; minimum shown as ₿100,000, understood to mean 100,000 satoshis or 0.001 BTC) or for Lightning payments

Minimum deposit

$1

Is Cash App available in my state?

Cash App offers bitcoin buying, selling, on-chain withdrawals and Lightning payments to US customers; its fee table, checked on October 5, 2026, charges 0% on market orders of $2,000 or more and on auto buys.

The list of states this platform serves is not verified yet.

Lightning Network is not available to New York residents. Block says bitcoin services are not a licensable activity in all US states and territories and lists no excluded states on the pages checked.

New York

Yes

ID check (KYC)

Yes

Withdraw crypto

Yes

Funding

Cash App balance, Direct deposit (Paid in Bitcoin), Bitcoin (on-chain and Lightning)

Is Cash App regulated?

• BitLicense
• SEC / FINRA
• NYSE: XYZ

US operator

Block, Inc. (operates in New York as Block of Delaware)

Parent company

Block, Inc. (NYSE: XYZ)

State licenses

NYDFS lists Block, Inc. (f/k/a Square, Inc.) with virtual currency and money transmitter licenses dated June 2018.

New York license

BitLicense

SEC / FINRA

Cash App Investing LLC - broker-dealer, member FINRA/SIPC (stocks)

Founded

2013

Headquarters

— Not verified

How secure is Cash App?

Proof of reserves

— Not verified

Audits

— Not verified

Insurance

Cash App states customer bitcoin is held 1:1 in full reserve, is never lent out and is mostly kept in cold storage.

Incidents since 2019

• 2025enforcementOn January 16, 2025 the CFPB ordered Block to provide $120 million in refunds and redress and pay a $55 million penalty over Cash App fraud handling and security failures.
• 2025settlementIn January 2025 Block agreed to an $80 million settlement with 48 state financial regulators over Cash App's anti-money-laundering controls, per Wikipedia.
• 2024settlementA $15 million class-action settlement in August 2024 covered Cash App data and security breaches from 2021 and 2023, per Wikipedia.
• 2023outageA September 2023 outage disrupted peer-to-peer payments and Cash App Card purchases for thousands of users, per Wikipedia.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Cash App

• Spot
• Recurring buys
• Stocks & ETFs
• Tax documents

Bitcoin only. Lightning Network payments are supported except for New York residents, and bitcoin can be spent at select merchants. Cash App says it does not lend customer bitcoin or pay interest on it. Form 1099-B is provided for bitcoin sales.

Apps

iOS, Android

Support

Phone (1-800-969-1940, daily 8AM-9:30PM ET), Help center