We are thrilled to announce the launch of our latest CoinJar Bundles, designed to help you diversify your crypto portfolio more effectively. Additionally, we are pleased to inform you of a reduced recurring buy fee.
New CoinJar Bundles
We have introduced four new bundles, each curated to meet diverse investment interests:
Solana Bundle: Invest solely in Solana.
Memecoin Bundle: Includes Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk for those who love meme coins.
Gaming Bundle: Contains Immutable X, Axie Infinity, Gala, The Sandbox, Decentraland, and Enjin Coin, catering to gaming and metaverse enthusiasts.
AI Bundle: Features Render, Injective Token, The Graph, and Fetch.ai, focusing on artificial intelligence.
You can read more about CoinJar Bundles in our dedicated Knowledge Base article.
Reduced Recurring Buy (DCA) Fee
Starting from the 21st of June 2024, we have reduced the fee for all new and existing recurring buys from 2% to 1%.
Rebalance your CoinJar Bundles to take advantage of new asset allocations
Over the past years, CoinJar has added several new tokens, including AI tokens and meme coins, and others, while some older cryptocurrencies have fallen out of favour. You can now rebalance your bundles in the app to take full advantage of these updates.
Each user may have different rebalance options, so please check the CoinJar app to see what’s available for your specific bundles. Most bundles have been re-weighted, and we’ve also added and removed tokens from some bundles, providing an updated and optimised investment experience tailored to your needs.
For the full list of cryptocurrencies in each bundle please follow rebalancing instructions in our customer support knowledge base: https://support.coinjar.com/hc/articles/900002738463-Buying-and-unbundling-CoinJar-Bundles
Does this affect my existing bundles?
No. Existing bundles will remain with the previous basket weighting system until you choose to rebalance or sell.
How can investors update my existing bundles?
To include new tokens or to update your bundles to the new allocation methodology, you can use the rebalance feature. Please note that any crypto investments can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods.
What is Dollar Cost Averaging (DCA) with CoinJar Bundles Recurring Buy?
DCA is a commonly used investment strategy that allows you to automatically buy crypto with your debit or credit card regularly and purchase CoinJar Bundles to ensure a diversified portfolio.
Benefits of CoinJar’s Recurring Buy:
– It doesn’t require a significant up-front investment
– Set and forget – you won’t have to log in each month to purchase cryptocurrency
– A competitive 1% debit/credit card fee for new recurring buys activated from 01/07/24
– Cancel and withdraw at any time
CoinJar recommends using debit cards because credit card purchases might incur additional fees if your financial institution chooses to classify these transactions as cash advances.
How to set up CoinJar Bundles with Recurring Buys (in line with your investor risk appetite)
1. After opening the CoinJar App, select CoinJar Bundles under the “Your CoinJar” section.
2. Select a Bundle.
3. Select “Add Funds/Add Funds to Bundle”.
4. Select “Set up recurring buy”.
5. Choose your Payment method. If you have yet to add a debit or credit card to your CoinJar, you can do so now.
6. Create your Payment Schedule (amount, starting date, and frequency).
To access these new features, please always keep your CoinJar app updated.
Any questions?
If you have any questions or concerns about these changes, please get in touch with our Support team.
Happy investing!
CoinJar Team
UK residents: Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more: www.coinjar.com/uk/risk-summary.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in Australia by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC; and in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
Standard Risk Statement
The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. The article is provided for general information and educational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results.
UK residents are required (in accordance with local legislation) to complete an appropriateness assessment to show they understand the risks associated with what crypto/investment they are about to buy and enabling CoinJar to categorize them as an investor. New customers are also required under local regulations to wait 24-hours as a “cooling off” period (from account creation), before their account is active (i.e. to deposit, trade, withdraw etc.).
Cryptocurrency is currently not regulated in the UK. It’s vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you’re unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
Remember:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
https://www.coinjar.com/uk/risk-summary
If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
‘Meme coins’ (e.g. DOGE, SHIB, PEPE) are crypto-assets whose value is driven primarily by community interest and online trends.
Meme coins carry the following risks:
Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals.
Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading.
Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including ‘pump-and-dump’ schemes, where the price is artificially inflated followed by a sudden crash.
Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately.
Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses.
