Questions about Centsy? Find your answers below.
Do I have to have a Coinbase Account?
Yes. If you do not have a Coinbase account you can create one through the Centsy app. If you already have a Coinbase account, you can securely connect it to the Centsy app.
What cryptocurrencies can I invest in?
You can invest in any cryptocurrencies that are available on Coinbase. To begin investing, you must select which coins you want to invest in on the allocation screen. This is where your round-ups will contribute to your portfolio.
Can I change my allocation?
Yes, you can change your allocation at any time. Changing your allocation will reset your path to investment and will not re-balance your past investments, it will only change how your future round-ups are invested.
How often are the investments made?
After you add your card/bank account, Centsy will track your spending and calculate your round-ups. When your round-ups hit a predetermined amount that you set, Centsy will trigger an investment in Coinbase. So, if you want to invest every $10 of round-ups, your investments will be made at a faster rate than if you set your account to invest every $50 of round-ups. Think of it like adding coins to a coin jar. Once you reach a certain amount, you invest all of the coins at once and start filling up the jar again.
Centsy is not a wallet or an exchange. Centsy makes it easy to begin investing in cryptocurrency by simply rounding-up your every day purchases and invests them into cryptocurrency via Coinbase, making dollar-cost averaging simple and easy.
Are there transaction fees?
No, Centsy does not take any transaction fees. There is a $1.99 per month subscription fee. All investments are subject to Coinbase's standard transaction fees.
Does Centsy hold or keep my cryptocurrency?
No. Centsy never holds your money or cryptocurrency. Centsy is not a wallet or an exchange. All investments are made in your own Coinbase wallet. From start to finish you own your cryptocurrency.
What permissions am I giving Centsy to my bank account?
When you connect your bank account that you will use for round-ups, you are giving Centsy access to view your transaction data, only. Centsy does not have access to your account information.
What permissions am I giving Centsy to my Coinbase account?
When you connect your Coinbase account to Centsy, you are giving Centsy access to view your portfolio data and trigger purchases based on your settings in the Centsy app. You cannot sell or trade cryptocurrency from the Centsy app, you can only make purchases.
How does my cryptocurrency get purchased?
All investments triggered by Centsy are purchased through your payment method in Coinbase. Note: The bank account that you connect to track round-ups may not necessarily be the account that purchases your cryptocurrency. All purchases are triggered via Coinbase payment methods.
Can I use Centsy through my computer?
Why does Centsy only offer Coinbase as an exchange?
For many of our users, investing in crytocurrency is relatively new. Coinbase is the leader in cryptocurrency investing for all kinds of investors and we want the best for our users. Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Their mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
What is round-up investing?
Round-ups are a feature offered by some financial services companies where, each time a customer makes a transaction, that amount is rounded-up to the nearest dollar. That "change" is then invested into a Coinbase wallet.
Centsy does not provide financial advice. You must conduct your own research and seek the advice of a licensed financial advisor, if necessary, to make the best financial decision that suits your own needs. Understand that all investments involve risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing.
Why is Centsy focused on cryptocurrency investing?
We believe that cryptocurrency will continue to grow within investment portfolios and become more integrated into everyday life. It should not be intimidating or difficult to invest in. We aim to reduce the barrier to entry for anyone interested in investing in cryptocurrency through secure micro-investing. Small increments over time to add to your portfolio.
Questions about Centsy? Find your answers below.
Do I have to have a Coinbase Account?
Yes. If you do not have a Coinbase account you can create one through the Centsy app. If you already have a Coinbase account, you can easily link it in the Centsy app.
What cryptocurrencies can I invest in?
You can invest in any cryptocurrencies that are available on Coinbase. To begin investing, you must select which coins you want to invest in on the allocation screen. This is where your round-ups will contribute to your portfolio.
Can I change my allocation?
Yes, you can change your allocation at any time. Changing your allocation will reset your path to investment and will not re-balance your past investments, it will only change how your future round-ups are invested.
How often are the investments made?
After you add your card/bank account, Centsy will track your spending and calculate your round-ups. When your round-ups hit a predetermined amount that you set, Centsy will trigger an investment in Coinbase. So, if you want to invest every $10 of round-ups, your investments will be made at a faster rate than if you set your account to invest every $50 of round-ups.
Centsy simply rounds up your every day purchases and invests them into cryptocurrency via Coinbase, making dollar-cost averaging simple and easy.
Are there transaction fees?
No, Centsy does not take any transaction fees. There is a $1.99 per month subscription fee. All investments are subject to Coinbase's transaction fees.
Does Centsy hold or keep my cryptocurrency?
No. Centsy never holds your money or cryptocurrency. All investments are made in your own Coinbase wallet. From start to finish you own your cryptocurrency.
What permissions am I giving Centsy to my Coinbase?
When you connect your Coinbase account to Centsy, you are giving Centsy access to view your portfolio data and trigger purchases based on your settings in the Centsy app. You cannot sell or trade cryptocurrency from the Centsy app, you can only make purchases.
What permissions am I giving Centsy to my bank account?
When you connect your bank account that you will use for round-ups, you are giving Centsy access to view your transaction data, only. Centsy does not have access to your account information.
How does my cryptocurrency get purchased?
All investments triggered by Centsy are purchased through your payment method in Coinbase. Note: The bank account that you connect to track round-ups may not necessarily be the account that purchases your cryptocurrency. All purchases are triggered via Coinbase payment methods.
Can I use Centsy through my computer?
Why does Centsy only offer Coinbase as an exchange?
For many of our users, investing in crytocurrency is relatively new. Coinbase is the leader in cryptocurrency investing for all kinds of investors and we want the best for our users. Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Their mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
What is round-up investing?
Round-ups are a feature offered by some financial services companies where, each time a customer makes a transaction, that amount is rounded up to the nearest dollar. That change is deposited into a savings or investment account.
Centsy does not provide financial advice. You must conduct your own research and seek the advice of a licensed financial advisor, if necessary, to make the best financial decision that suits your own needs. Understand that all investments involve risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing.
Why is Centsy focused on cryptocurrency investing?
We believe that cryptocurrency will continue to grow within investment portfolios and become more integrated into everyday life. It should not be intimidating or difficult to invest in. We have made it as easy as possible to start investing in cryptocurrency through secure micro-investing. Small increments over time to add to your portfolio.
Questions about Centsy? Find your answers below.
Do I have to have a Coinbase Account?
Yes. If you do not have a Coinbase account you can easily create one through the Centsy app. If you already have a Coinbase account, you can easily link it in the Centsy app.
What cryptocurrencies can I invest in?
You can invest in any cryptocurrencies that are available on Coinbase. To begin investing, you first select an allocation of cryptocurrencies for your round-ups to be invested in. Centsy provides a few pre-made allocations with popular cryptocurrencies, but you can also build your own.
Can I change my allocation?
Yes, you can change your allocation at any time. Changing your allocation will not re-balance your past investments, but will only change how your future round-ups are invested.
How often are the investments made?
After you add your card/bank account, Centsy will track your spending and your round-ups. When your round-ups hit a predetermined amount that you set, Centsy will trigger an investment in Coinbase.
Can I use Centsy through my computer?
At this time, Centsy is only available as a mobile app. You can download the app in the App Store or the Google Play Store.
Centsy simply rounds up your every day purchases and invests them into cryptocurrency via Coinbase, making dollar-cost averaging simple and easy.
Are there transaction fees?
No, Centsy does not take any transaction fees. There is a $1.99 per month subscription fee. All investments are subject to Coinbase's transaction fees.
Centsy does not provide financial advice. You must conduct your own research and seek the advice of a licensed financial advisor, if necessary, to make the best financial decision that suits your own needs. Understand that all investments involve risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing.
What is round-up investing?
Round-ups are a feature offered by some financial services companies where, each time a customer makes a transaction, that amount is rounded up to the nearest dollar. That change is deposited into a savings or investment account.
Why is Centsy focused on cryptocurrency investing?
We believe that cryptocurrency will continue to grow within investment portfolios and become more integrated into everyday life. It should not be intimidating or difficult to invest in. We have made it as easy as possible to start investing in cryptocurrency through secure micro-investing. Small increments over time to add to your portfolio.
Why does Centsy only offer Coinbase as an exchange?
For many of our users, investing in crytocurrency is relatively new. Coinbase is the leader in cryptocurrency investing for all kinds of investors and we want the best for our users. Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Their mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
Does Centsy hold or keep my cryptocurrency?
No. Centsy never holds your money or cryptocurrency. All investments are made in your own Coinbase wallet. From start to finish you own your cryptocurrency.