Bitstack: Save Bitcoin every month thanks to your rounded purchases

Wanting to save in bitcoin has become an increasingly popular gesture among fans of cryptocurrencies and bitcoin in particular.

Today there are applications and sites that help you save in bitcoin automatically and simply. One of the best apps for this is bit stack that we tried. So, here is a tutorial (you will see how simple it is) and our opinion on the Bitstack application.

Bitstack overview:

Bitstack is based in France and is registered as PSAN with the AMF. This formality reassures French and European investors who prefer to use regulated companies. The founders raised more than one million euros to expand into the French market initially and the European market subsequently.

Understanding the DCA method

Finally Bitstack is a company that wants to offer a service for fans of DCA (Dollar Cost Averaging). This simple method of investment consists of regularly purchasing a certain quantity of investment asset. This makes it possible to smooth out the prices at which assets are accessed. Thus, over a period of one year for example, the DCA allows you to purchase the price of bitcoin at different times, which averages the purchase price over the year. This is an ideal method for beginner investors.

For example, in the screenshot below, we did a simulation if we had bought 50 euros of bitcoin every month for 5 years. This would give us an investment of around 3000 euros which would currently have been valued at more than 5000€.

Depending on the period and the price of BTC, the valuation can be much higher.

How does bitcoin savings work on Bitstack?

Bitstack is above all an application available on iOS and Android. Easy to use, the application allows you to save bitcoin automatically. You will be able to accumulate satoshis (fractions of bitcoin) every time you spend. For information, 1 Bitcoin = 100 million sats. So here is the concept of Bitstack: Being able to save bitcoin by rounding up your expenses.

For example, if you buy an item for €19,60, then the Bitstack app will round up to €20 and deposit the 40 cents into your account. The 40 cents are then immediately converted into bitcoin. And so on for all your purchases.

So, you will be putting away bitcoins without even realizing it. Even if it's just rounding up pennies, it can add up to a significant amount over time.

You can keep the bitcoins collected on the Bitstack app or send them to a cold wallet (or hardware wallet) for even more security. It is even possible to sell your bitcoins if you need to.

The application charges a flat fee of 1,99% on each type of transaction carried out on the platform.

Implement the DCA method on Bitsack:

Registration on the application

First, you will need to download the application from Google Play or the App Store.

Then, you will need to register with your telephone number. We will send you an SMS with a code that you must enter to validate your registration. There you will need to enter your email address and a password.

You will also be asked to follow the KYC (Know Your Customer) identification procedure. You will therefore need to send the scan of your identity document as well as follow the Visio procedure on your smartphone. This assures the company that it is you.

You will now receive a confirmation email. You are now registered and ready to use Bitstack.

Recording your information

To be able to use Bistack, you will need to register a payment card. Choose the one you use for the payments of your choice. The majority of bank cards are accepted. You can even choose a crypto bank card history of optimizing your purchases and save money at the same time. Likewise, don't worry about the security of your information, everything is encrypted with robust IT protection.

What can be done with Bitstack?

You can do 3 main actions:

–>Buy bitcoin on a recurring basis (DCA): You can decide to buy bitcoin at any time. You can also decide to buy them every week, every 2 weeks or every month. It's up to you to define the amount and frequency. So, you invest in bitcoin on a regular basis and the application will make the withdrawal directly from the registered bank card.

–>Make bitcoin savings for each expense: You have to go to the "roundings" tab located on the home page of the application. You can then decide on the rounding multiplier according to your wishes. Thus, you can decide to multiply the rounding up to 10. Each week (every Monday) the application will calculate all the roundings related to all purchases. Then, the application will debit the amount of the roundings from the registered bank card, convert them into bitcoin and deposit them into your account. Of course, you can cancel the savings at any time.

Final word on Bitstack

Bitstack remains a good choice for beginner investors on the one hand and for those who want to buy bitcoin in a simple way. The application can be reassuring for French investors who prefer sites and platforms registered with the AMF.

Of course, Bitstack has many competitors with the same type of service. However, we can praise the interface and ease of use of this application.

Note: We were not sponsored to write this article. Likewise, we have not included any affiliate or sponsorship links.

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To buy cryptocurrencies (simple way):

• Public chat Coinbase (Earn €10 by buying 100 euros of cryptos)
• Public chat Binance (Complete crypto trading platform)

Generate interest on your cryptocurrencies:

• Public chat Youhodler (Earn up to 12% interest)

To secure your cryptocurrencies:

• On the wallet Ledger 
• On the wallet safepal

To have fun and play 

• The best for Esport and sports betting: CloudBet