The Best Way To Invest In Crypto Is Now Circle Invest - Noobs or Experts. Instantly Buy Crypto No Fees!
I just wanted to do a quick shout out to let you guys know. I have been trying out the early invite release of Circle Invest last few weeks. All I can say is its the most user friendly and easy fiat-crypto app I have ever used. Yes, much better and cheaper than Coinbase's popular crypto buying app.
The only temporary draw back for now is you can't transfer the crypto funds out but the team states in there blog you'll soon be able to. Right now you can only withdraw fiat to bank.
Circle just acquire Polo altcoin exchange for $400 million so I am sure many more coins will be added.
They currently have BTC, ETH, LTC, BCH and ETC.
The app lets you instantly link fiat bank account to buy instantly in minutes. The limits were very high. There is no transactions fees only the market price. Its def cheaper than Coinbase and more user friendly.
For those people newer to crypto, Circle has been around since 2013 and was a top way to get instant Bitcoin buys through debit/credit cards through 2017. Until high Bitcoin fees killed their business model and they withdrew Bitcoin app buys early last year.
They are back and its better than any Crypto app I have used before. I have used them all! This is the app to introduce Noobs. Its really Grandma friendly. You just click buy and sell without huge fees. Funds instantly get withdrawn from your linked bank account. Its more like using Venmo or Paypal to pay someone its so easy.
Here's the direct link to there site. Main release looks like it just happened today!
https://www.circle.com/en/invest
I think I feel sad about it. If one needs grandmom compatible app to get into crypto, it means s/he knows little about it. And its bad idea to invest into something you dont know about.
For assets that are long only (can't be shorted), more buyers => higher demand => higher prices.
As long as theyre not using leverage, and theyre only investing money they can afford to lose, and they want to invest in crypto, then grandma -friendly tools are a good way to go.
Yes, obviously not too many Grandmas will be investing into Crypto or even the stock markets for that matter but as the saying goes for a tech to catch onto masses it needs to be "Grandma friendly" LOL.
Yea "grandma-friendly" tool makes for better marketing than "even an idiot could use it" tool.
As you mention below, the lower the barriers to entry, the more transparency, the safer the environment is. Of course, no one wants to make it easier for criminals to launder money, but more transparency usually deters criminal activity.
Well in my surroundings I've heard people selling their cars and houses, taking pensions from their grandparents and putting it to cryptos with a dream to get rich quick. And they haven't heard a word "blockchain" at all, or price technical analysis for that matter. Knowing that there already been suicides in the world because of such investments, it just doesn't feel right :(
Absolutely, the are the type of apps that will bring in the newbies and keep them. To put things into perspective just how far blockchain and crypto have come. In 2013, the only liquid way to buy it was through Mt. GOX. You had to wire your funds to Japan and trust these people. Talk about scary, then everyone who kept funds on there lost it in the hack. Today is much safer and easier to enter space. Although still a lot of work needs to been done much like early days of Internet.
Coinbase earned a lot from fees + market spread that was even higher than fees. I guess that Circle is doing the same.
Circle is a market maker ?
This will help remove the barrier newbies find when they want to buy crypto and they dont want too much steps
Thanks for sharing, definitely a company to watch for crypto innovation
Awesome! @hedge-x thanks for the more informative article for me to learn more about crypto :)
I am new in crypto .So,i don't know much about crypto and didn't heard about circle invest .But your article helps alot :)
Ahh, this is great. I'll definitely keep it in my bookmarks. We really need apps like these, because cryptocurrencies are quite complex to the average person. Making it simple and easy to use is the way to go if we want the masses to come use cryptos!
Circle Invest comes with handful of many features for cryptocurrencies traders🙂circle also has the easiest buying process. Moreover, for customer protection, users are offered offline storage, two-step verification and privacy protection. Circle also doesn't have any transfer limits. If Circle adds Ripple this will finally make some competition and rival Coinbases monopoly.