7 Best Crypto Micro Investing Apps & Strategies

Millions of people have used micro-investing apps like Acorns to invest small amounts of money in the stock market. This leads many crypto investors to wonder how they too can micro-invest in their favorite cryptocurrencies.

In this article, we will discuss the best crypto micro-investing apps, as well as the different strategies these apps offer.

What is micro-investing?

Micro-investing involves investing small amounts of money. Often, micro-investments are made automatically, such as by rounding up purchases or dollar cost averaging in an asset at regular intervals.

When it comes to crypto, micro-investing is a strategy best suited for long-term investors. Prices fluctuate wildly, making it difficult to plan short-term financial goals.

Learn more: Is micro-investing a good strategy?

What makes an ideal crypto micro-investing app?

While there are many ways to micro-invest in individual stocks, there are far fewer ways to micro-invest in crypto (and even fewer that make sense).

Investing in cryptocurrencies is different for two main reasons:

1. Not your keys, not your coins.

When you buy shares, those shares can be transferred to any brokerage. This is not always the case with cryptography. With many crypto investment platforms, there is no way to transfer coins to another exchange or move them to a private wallet. To do this, you will need to sell your investment, withdraw the money to a bank account, and then make a transfer.

This process has possible tax consequences. Hence the oft-repeated rallying cry of crypto investors: “Not your keys, not your coins.”

For this reason, our list of the best apps excludes platforms that allow you to buy cryptocurrencies but not transfer your holdings to a private wallet. Some examples of such platforms are popular names like Robinhood, SoFi Invest, and Webull.

2. Higher Fees.

The fees for investing in crypto are higher than the fees for investing in stocks.

For example, when I try to buy $20 in Bitcoin on Coinbase, I am charged a fee of $1.49. This translates to an actual investment of $18.51, which equates to an upfront fee of 7.5%.

With some crypto micro-investing apps, you also pay fees for the app in addition to trading fees; this can often eat up more than 10% of your investment.

THE Best Crypto Micro Investing Apps

When putting together this list, our goal was to find ways to invest small amounts of money in cryptocurrency without paying high fees and still having the ability to transfer funds to a private wallet (or a other exchange).

Here are the best options.

#1. Juno

Juno is an online banking platform that offers high-yield checking accounts with integrated cryptocurrency management tools.

One of the key features of Juno is that you can earn 6% APY (compounded monthly) on your USDC holdings, with no balance lock. This means you can withdraw your USDC to an external wallet at any time, or you can sell it and deposit the US dollars into your checking account.

There are no crypto trading fees on your first $250,000 of trades, making it one of the lowest-cost options for those getting started with digital currency.

Additionally, Juno makes it easy to set up automated micro-investments in certain cryptocurrencies by giving you the ability to siphon any portion of your direct deposits to Bitcoin, Ethereum and/or USDC, as shown in the image below :

You can learn more about how the platform works in our Juno review, or visit Juno to create a free account.

#2. Cash app

The popular Cash app allows you to automatically invest in Bitcoin at daily, weekly or bi-weekly intervals. There is a minimum investment of $10 per transaction.

Cash App’s fees for purchasing Bitcoin vary, but they are pretty low. During testing, I was shown a 2.2% fee on a $10 purchase.

What may add some complexity for those not already using Cash App is that to automatically invest in Bitcoin on the platform, you will need to have money in your Cash App account. In other words, you cannot set up an automatic investment directly from your checking account or through a linked debit/credit card.

Although you can use the “Add Money” feature to make deposits at regular intervals from your checking account to the app, this locks in your money for a few extra days because you are now making two transfers.

Download the Cash app.

#3. RonmentX

For $1 per month, RoundlyX aggregates purchases made with your debit and/or credit cards. Once the amount saved reaches a certain threshold (which you can customize), RoundlyX buys the cryptocurrency of your choice.

What’s unique about RoundlyX is that you can choose from multiple exchanges where your trades take place, including Coinbase, Gemini, and Kraken.

It works behind the scenes via “buy only” access provided through Plaid. Once your account balance reaches the desired threshold, a buy order is triggered on the exchange of your choice.

RoundlyX gives you the option to increase your roundups by 2X, 3X or 10X.

#4. Credit Cards with Crypto Rewards

Crypto Rewards credit cards work similarly to roundup apps, although they come without high fees.

The Gemini Rewards credit card is a popular option for those looking to earn crypto rewards on everyday spending. With this card, you can earn 3% on dining, 2% on groceries, and 1% on everything else.

There are no annual fees or foreign transaction fees.

The card supports a wide range of cryptocurrencies, with over 40 options available on Gemini Exchange. You have the ability to change your crypto reward type at any time, with no limit on the number of times you can make this change.

#5. Loli

Just like you can earn cash back when shopping online on sites like Swagbucks and Rakuten, there are now a number of sites dedicated to crypto back. Loli is one of the most popular.

How it works :

1. Install the Loli browser extension.
2. Once the browser extension is installed, Loli notifies you when a cryptoback is available on the site you are on. (You can also use the Loli mobile app.)
3. Loli earns referral fees from participating merchants when you make a qualifying purchase and shares a percentage of those fees with you. It often takes 30-90 days for the cryptoback you earn to be deposited into your account.
4. Once you earn $15 in rewards, you can withdraw your crypto to a private wallet. There is a 25 cent fee for withdrawals.

The typical online shopper can often earn hundreds of dollars per year using cash back shopping sites.

#6. Bundil

Bundil is a crypto micro-investing app that helps you invest by rounding up your purchase.

Here’s how it works:

1. Link your debit and/or credit cards to your Bundil account.
2. Every purchase you make with these cards will be rounded up to the nearest 50 cents or $1, whichever you prefer.
3. Once your balance reaches $10, Bundil purchases the crypto of your choice from your Coinbase account.

Coinbase is the only exchange Bundil currently works with, so you will need to have a Coinbase account (or open one) to make transfers.

Bundil charges a flat fee of $5 per month. Keep in mind that you do not avoid Coinbase transaction fees by investing through Bundil.

Here’s how it breaks down based on a monthly Bitcoin investment of $50:

This fee structure means that the app is really only suitable for die-hard investors who are gathering spare parts. As noted throughout this article, you will gain a lot in the long run by taking advantage of another strategy on this list, thanks to which your overall costs will be lower.

Summary: Best Crypto Micro Investing Apps

With the right apps and strategies combined, it’s possible to invest well over $1,000 per year with these micro-strategies (without paying huge fees along the way).

Best of all, you’ll barely notice the money you’ve put aside.

You can learn more in our micro-investing strategy guide and our list of the best micro-investing apps.

See also: How to get free Bitcoin.

RJ Weiss, founder of The Ways To Wealth, has been a CERTIFIED FINANCIAL PLANNER™ since 2010. With a BA in finance and having completed the CFP® certification program at the American College, RJ combines a formal education with a deep commitment to provide impartial financial services. knowledge. Recognized as a trusted authority in finance, his expertise is featured in major publications such as Business Insider, New York Times and Forbes.