RE: Coin Flash - Invest your spare change in crypto

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Coin Flash - Invest your spare change in crypto

in cryptocurrency •  7 years ago 

@ant884 Thanks for sharing this. This is a good idea. I have not checked it out yet but wouldn't the transection fees will eat into your profit?

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Sure it would, but that could be said about any purchase off coinbase - they eat into your profit margins.

    I believe the way this one works is it takes the sum of your monthly change and then invests into monthly. This way you're not paying 2$ on a 50cent transaction. I also think it wise to use a cheaper transaction coin than btc, say LTC (or any of the 3 besides btc really). And if you really want bitcoin go ahead and convert it on an exchange, it will be cheaper doing that with small amounts than just outright buying bitcoin.

    -best

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