Cryptocurrencies is the buzz word of the hour. Everybody wants to encash the opportunity of the growing market and its sudden price surge in recent years.
As most of us are unaware of financial & mathematical intricacies behind the working of cryptocurrencies so we abstain ourselves from investing in it but at the same time we ponder of making money from it.
If you want to own cryptocurrencies without risking too much of your money then a new app is a good way to start, coinflash. The app takes the spare change left over from your purchases during the week and uses that cash to invest in the cryptocurrency of your choice through a Coinbase account.
The app itself doesn’t actually take any money from you. Instead, it counts up your spare change from credit and debit transactions (you can choose to connect one account or several, but all of the accounts you select need to be associated with the same bank), and then gives that info to Coinbase that actually handles the transaction.
To use the service, you pay Coinflash $1 per month in Ethereum or Bitcoin, no matter how much money you end up investing. The $1 is deducted from your Coinbase account. If you stop using Coinflash, then it will stop deducting the $1, even if you keep investing and using Coinbase.