Simple as Bitcoin – The macroeconomic and geopolitical context in which it immerses us a period of complex inflation. As the rate increases, prices rise, taking away the hope of being able to save some money at the end of the month. The French Bitstack application aims to make your life easier in these times of economic scarcity. Inflation solution, easy to use (accessible to beginners), the latter offers you a savings strategy focused on the king of cryptocurrencies: Bitcoin.
Le Journal du Coin offers you this promotional article in collaboration with Bitstack
Investing in Bitcoin: a breeze with Bitstack
The rounding saving method
stack of bits is an application available for smartphones. It protects you from inflation by offering you to save and improve this savings with bitcoins that help you accumulate. In fact, the app allows you to set up a passive savings strategy adapted to your portfolio: rounded savings. painless and discreet, this method saves you money when you spend.
Put simply, rounding up your savings helps you to put money aside, gradually, without (too) realizing it. Therefore, on each of the transactions made on your account, Bitstack will round the expense to the euro and will save the surplus (small change) in Bitcoin.
For example, if you take a € 2.60 coffee, Bitstack will calculate the rounding to € 3 and you will automatically save the difference of 40 cents in Bitcoin. It works by itself.
Set up an effective Bitcoin DCA with Bitstack
stack of bits is a financial operator regulated in France and registered as a PSAN with the MFA. Its mobile application allows you to organize your recurring BTC purchases according to the principle of DCA Where is it Average cost in dollars. An investment strategy that tends to blunt the price of bitcoin long. For example, it automatically buys $ 25 worth of Bitcoin every week. This method therefore allows you to sustainably address the volatility of the king of cryptocurrencies by buying it at a regular rate, without worrying about the vagaries of the market.
In order to create a sustainable savings and responsible exposure, Bitstack offers you to associate the DCA strategy with the rounding one. Your small money will no longer end up on your A booklet, but on Bitstack, in BTC. You can then repatriate your treasure a cold wallet for example, keep it on Bitstack or sell it whenever you want with a simple click through the app.
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Simulate the valuation of your Bitcoin savings with Bitstack
During your research – always necessary before investing – you can try the anti-aircraft simulator on the Bitstack website. We experienced this and imagined a DCA of 10 euros per week for 10 years. The results speak for themselves as you can see.
create your account
Download the Bitstack app
To start your adventure stack of bits you’ll need it first download app on the App Store or Google Pay.
You can also download the application via the QR Code available in Bitstack website. You can then start recording.
KYC: identity verification
You will then have to do the KYC (Know your customer). This step is essential to be able to open your account. This is the verification of your identity. From your smartphone, launch the application and enter your phone number, then continue. You will then receive a code for text that you will have to insert in the space provided:
Next, enter your email address and the password you want to use for the app. Be careful, this password is the guarantor of the safety of your savings, choose it carefully. After adding your address, your name, surname and your profession, you will have to confirm the “hypotheses” that the question deduces about you:
You will then have to meet the latest KYC requirements – register the front and back of yours identity card as well as a face and voice recognition through the camera of your smartphone.
Your KYC is now complete. Now you have to wait for it to be processed. As for us, after a few hours of waiting, we received the confirmation by email.
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Getting started with Bitstack to accumulate bitcoins
Registration of your credit card
For register your payment card on the application, you will need to log into your account from the main screen. Once your credit card has been accepted, you can do everything from this space.
Next, go to the insert “payment method”, Fill in the requested information relating to your credit card and validate.
Your credit card is now registered.
Bitstack app functionality
Now that you have registered your credit card, you can try one of the first services offered by Bitstack, namely: buy bitcoin. To do this, go to the wallet, the main page of the application.
Then enter the amount you want to invest and continue. Meet your bank’s transaction confirmation requirements.
Here you are ! You have your first satoshi on Bitstack, the first stone in the construction of your savings. Please note that for any transaction and any order, the application will charge you 1.99% commission.
Introduce rounded savings
To use the various services offered by the Bitstack application and in particular the rounding savings, it will be necessary register your bank account to link it to the application. To do this, go to source of rounding (the box just below the payment methods). You can also join this space from the “rounded” insert of your portfolio, on the home page of your application. Read the guidelines, instructions, and other tips carefully, then continue.
Then select a rounding multiplier. This is where you can choose to save the rounding amount only once or multiply it up to ten times. Then follow the instructions to link the app to your bank account.
During each week, rounding is calculated on all transactions made on linked bank accounts. Indeed, stack of bits calculates the rounding for each payment, whether by credit card, check or SEPA transfer. The following Monday, Bitstack charges the associated credit card for the sum of the rounds calculated during the week, then converts them into Bitcoin.
The application uses the company’s services Tink to connect to your bank.
Your account is now configured to create your savings. Plus, you can safely buy your satoshis every week by saving your rounds from the previous week. Good to know, it is possiblecancel rounding savings at any time.
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Setting up a DCA on Bitcoin with Bitstack
To establish a DCA you will need to set up purchases from the main page of the application. Go to the recurring insert.
Then, select the purchase frequency that suits your wallet. By doing so, you will be deducted according to the defined rate in order to accumulate your savings by accumulating your first portions of Bitcoin. There is a choice between 3 frequencies sampling: every week, every two weeks or once a month.
Keep in mind that the goal of this strategy is to sustainably maintain savings effectively levels the price of BTC that you will buy.
Now enter the amount in euros you want to invest according to the pace you have chosen. For example, we have chosen to invest in DCA 25 euros per month onwards Bitcoin.
And that’s it, your savings strategy is ready, it’s over. Admit it, it was as easy as pie.
Your recurring purchase appears on your main page, a real dashboard from which you can check all the parameters.
Easy to use, Bitstack allows both novice and experienced investors to purchase their first satoshis with confidence and confidence. In doing so, the French company helps its customers to save and make the most of these savings. You are no longer condemned to leave your money in a passbook that will earn you a few small percentages of interest at the end of the year. Here you can build a real solid and sustainable investment strategy, supported by the most fundamental of cryptocurrencies: Bitcoin.
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