An "Acorns for Cryptocurrency" Just Launched and It's Dope AF
We've got some more great news in the world of Cryptocurrency. If you're not on this digital wave, you're in luck. We've created a few robust guides for you to view:WTF is Bitcoin? A Super-Simple Guide to Buying, Selling and Mining ItAlso, for Cryptocurrency slang, check out out Cryptocurrency GlossaryIf you're well versed in the world of Cryptocurrency, just scroll down, we've got you.
It's Like Acorns for Cryptocurrency
If you've been looking for ways to invest in Cryptocurrency, but a bit weary to put down massive cash, a new platform just launched in the light of Acorns that automatically invests your spare change into the Cryptocurrencies of your choice.
The Breakdown
Coinflash rounds up the change from your credit and debit card purchases and invests it automatically into the cryptocurrency of your choice.Essentially, Coinflash counts up spare change from credit/debit card purchases from the previous week or month and then it leverages your Coinbase account to make a purchase for that amount.No funds are deducted from your credit/debit card account, it's only used it to count up change.Coinbase handles everything else.
The Fees
Coinflash charges a flat $1 per month in Ethereum or Bitcoin no matter how many purchases you make.
Concerns / Questions
If linking accounts concerns you (it should), linking cards only provides the app the ability to read transactional data, not make purchases.Coinflash explains that information is stored for 2 months in its database. Also, investments can be set up on a weekly or monthly basis. To sign up, just visit - https://coinflashapp.com/