Crumbs

Turn spare change into crypto πŸš€πŸŒ•

#3 Product of the DayDecember 24, 2017

Crumbs lets you turn your spare change into a portfolio of crypto assets. We make investing in crypto assets a mindless and automated process.

1. Link a debit or credit card

2. Select a strategy or create your own

3. Mindlessly grow a impressive and diverse crypto portfolio

Discussion
Would you recommend this product?
4 Reviews5.0/5

A couple of question.

Whats the fees?

why do one need bank when mostly we pay by credit cards. Why bank needs to be connected but not credit card. Is there any video all how this process work.

How can one invest other crypto XRP NEM etc.

Pros:

Good idea

Cons:

Many questions.

No fees we cover those. You bank account needs to be connected as the funding source, since you can't withdraw to or send money back into a credit card typically, but we are adding support for credit cards. Also looking into adding more options in terms of crypto so let me know what Crypto you would like to see on the Crumbs platform. Looking at XRP, Stellar, Monero, and a few others.
@patrick_mrozowski how much of the invested sums is eaten up by fees? Especially if you go through Coinbase... don't they have a minimum fee?
@sliver86 Our fee structure is 1% of transaction amount + $0.15 for deposits and 1% of transaction amount + $0.25 for withdraws.
@sliver86 @patrick_mrozowski Do I need to open an account on GDAX? Tried the app and don't really get it.
@spike_spieg You do not need an account with any existing exchange in-order to use the Crumbs app.
@patrick_mrozowski Thanks for the reply. So you process the payment and hold our cryptocurrency, not GDAX. Right?
@spike_spieg Users crypto-assets are stored offline in multi-sig cold storage wallets.
Damn .. I love this one, and for a reason: I started working on the exact same thing a few days ago!
any plans for an android version ?
@aminbenselim hoping for early next year!
@aminbenselim @patrick_mrozowski I think at the very least a web version would be nice, I don't own any Apple products but have been looking for a product like this for a while
@patrick_mrozowski Great idea, similar to acorn and micro-investments apps but for cryptos - I can see this app becoming Unicorn HUGE if the following things are done fast. Would love to talk to you more about it :) See few ideas below: 1) Offer free or minimal trade fees (like how Robinhood captured the market by offering free stock trades) 2) Add both a manual, automatic and AI (eventually) trigger functionality so that those who have buy and sell criteria can decide investment strategy and execution. 3) Ability to buy or sell instantly (coinbase's instant, no waiting couple hours - unless the crypto servers themselves fail) and lots more. Would love to talk about this more!
@raj_ventures Hey! We are currently working on #2 in the next month Crumbs will offer users to ability to select how much of which crypto's they want to invest in. We are also adding some new cryptos to our platform like Ripple, Stellar, and a few others! Feel free to email me patrick@crumbsapp.io if you want to further discuss