Stash Your Money Into Bitcoin and Ethereum
If you’ve ever wanted to own some cryptocurrency, a new app might be a good way to get your hands on some. Called Coinflash, much like Acrons, the app takes the spare change left over from your purchases during the week and uses that cash to invest in the cryptocurrency of your choice through a Coinbase account.
CoinFlash
Coinflash again much like Acorns rounds up the change from your credit and debit card purchases and invests it automatically into the cryptocurrency of your choice.
Invest In Your Future
- This is how it works.
Coinflash counts up your spare change from credit/debit card purchases from the previous week or month and then it uses your Coinbase account to make a purchase for that amount. They do not deduct money from your credit/debit card account, Coinflash only use it to count up change. Coinbase handles everything else.
$1 a Month
Coinflash only charges a flat $1 per month in Ethereum or Bitcoin no matter how many purchases you make.
CoinFlash
it is nice, i didn't know it. But coinbase has a really high fees if you buy with card.
amazing and really interesting,
I have also learned that daily investing in the crypto currencies in the best investment strategy of all!
A much cooler and riskier app than Acorn! If i'm a young person under 40 this is a much better option to invest your spare change rather than acorn, and at the same fee!
But Coinbase doesn't work where I live!!!
The $1 a month fee isn't bad, but if you just set a $10 per week purchase you would save that fee. Every $1 counts when your investing trying to earn a rate of return.
For those that can't be disciplined enough to just invest that $10 or $20 a week then this sounds like a reasonable option that isn't to expensive.
Very interesting idea, im gonna try it out.
Thanks for sharing
Thank you for the information sapher have some potential he will use full for everyone.
This is such a fantastic idea! Kudos on choosing a sustainable funding model!
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Yes this is the future of good luck
Very cool! I'm going to look into this more for sure!
wonderfun
It is like you are getting a rebate from your purchases using debit/credit card.
This is a welcomed development!
Cryptos is gradually taking over the whole stage.
Lawnmower.
What a cool idea. They got an app for everything these days.
So just to double check, is Coinflash directly associated with and partnering with Coinbase?
This is a great way to exponentially grow your wealth. From acorns mighty oaks grow.
(͡:B ͜ʖ ͡:B)
Does the money get charged to my credit card on each transaction or does coinflash just count up my "spare change" and make a purchase on my behalf?
That's handy. Small amounts your wouldnt notice would eventually add up to some good btc
Great invention for a great cause.. Every penny helps risk the economy.
Thanks for sharing tihs rly.. I don't have that much money but I would use this if I was a good spender.
Cheers and all the best 🍻
Hey zeartul.
I made a mistake by sending bellyrub without adding the link of my post last night.
is it possible to get the refund?
X
Its a good idea, but the thing is if anyone wanted to invest in crypto, why would they buy the services of coinflash, and go through the whole roundup thing and than buy through our own coinbase account. Its just our money they are giving back in form of cryptocurrency.
Instead that investor will directly go on and buy by himself any time. But this idea will be useful if it offers any cashback reward or anything else. Suppose the roundup for a month was 10$ so than maybe offer 0.1-0.5$ over that and buy BTC worth of 10.1-10.5$. It will attract more user this way.
Sorry if I am wrong but its just my thinking.
OR you could just set up an recurring buy order on Coinbase instead... and it doesn't cost $1 a month :-D
Better yet just send over that same amount of money to GDAX every week and buy crypto with a 0.3% fee!
Met Lou at an event this week, solid guy. Watching this project develop as well