Coinseed: Invest Your Spare Change in the Money of The Future
Invest your spare change in the money of the future
As the cryptocurrency market grows exponentially, and the range increases, so it becomes more difficult for many people to enter the market at all. Whether you’re a newbie or simply too busy, there are a lot of missed opportunities out there in bull markets. Coinseed is aiming to change all that, and while it is only currently available in the US, February 2018 will see a worldwide launch.
Coinseed bill themselves as investors of spare change. It is clear that they are not targeting major investors here. The idea is simple; connect your bank cards, convert your money to cryptocurrency and then sit back as your money is automatically invested. You can choose from a range of fixed portfolio structures, or work to build your own. To get your money out, you need to sell your assets, as crypto withdrawals are not currently supported.
At the moment, there is no fee for a deposit, but asset conversion is charged at 1%. They also use SSL tech to safeguard your investments, with 60% of your fund going into multisig cold wallets. Their range of supported currencies is already at 8: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, Monero and ZCash. They have promised to add more in 2018 though, to coincide with the worldwide launch.
On the face of it, this looks like a good product for small, short-term investments. They’ve obviously enjoyed some success too; their one-time deposit feature is temporarily unavailable because of the volume of interest.
Have you used Coinseed? What do you think of it? Let us know in the comments.