RoundlyX - Round Up Your Purchases To Buy Crypto


The idea of "round ups" is becoming more and more popular in the finance world. The idea is that if you make a purchase, the purchase is then rounded up to the nearest dollar. The extra change used to round up the purchase is then used in a meaningful way for the customer. 

In a lot of cases these round ups are simply put away into a different savings account. This automation helps people save money without even thinking about. In other cases, some platforms use these round ups to invest your money for you. Micro investing is becoming a huge thing for millennials that don't have large amounts of capital all the time. 

Going off this idea of rounding up to invest, there is a fairly new platform that allows you to do this round up micro investing strategy, but it utilizes crypto currency as the investment. 

RoundlyX allows you to link a crypto broker (right now Coinbase and Voyager) to your account. It then will ask you to link a round up source. This just means it wants to know what transactions to watch when determining a round up. 

There are a few extra features you can utilize to help speed up the round up process. You can set multipliers of 1x, 2x, 3x, and even 10x. This helps get you to the $45 threshold even faster. This $45 threshold is set in place because it helps optimize the crypto brokers fee in comparison to the amount you're purchasing. 

Another feature is the ability to set recurring investments that way you can get a set schedule going of how you'd like to invest in crypto. Personally, I am only doing the round up feature on 3x right now, but as I become more adventurous I will take part in some of these other features. 

Some of you may be wondering why I don't just do this all manually and avoid the head aches, but I can easily dismiss that. This took only a few minutes to set up and now everything is basically on auto pilot. I just set what crypto I'd like to purchase and from what brokerages and then I am set to go. Making investing automated is a huge game changer and really sets new investors up for success. It takes the emotion out of investing. 

For me, I have 3x round up attached to my credit card. I have it sett totrigger at $45 and then purchase Tezos through Coinbase. From there I will likely move it over to ZenGo for the better staking rate. I could easily do this all myself but that is a lot of active work and I like knowing that it goes on in the background. 

There are talks on Twitter and other forums that RoundlyX plans to add more brokers, set adjustable thresholds, and just add more features all together. So I will be sticking around to see if they begin to fit my needs even more as time goes on.

If you're interested in trying RoundlyX you can use my referral link and you should get a little boost once you make your first $45 purchase! You can find my RoundlyX link here. 

Below is a screenshot of what my dashboard looks like. It's a work in progress! Let me know your thoughts on this type of platform and if it is something that could be used for your investing plan!

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CryptoSnarf
CryptoSnarf

Snarf, but with a hint of #crypto


Personal Finance and Investing
Personal Finance and Investing

I really enjoy talking about personal finance. I like to share my insights with others' as well as learning from others. I also like to share my financial and investing journey with other people.

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