Why Investors Should Purchase The Coinbase Bundle
Despite the allure of owning digital assets, a majority of investors still find it hard to buy cryptocurrencies. For traders who are looking to diversify their investment portfolio, this challenger is compounded further. As a solution to these problems, Coinbase crypto exchange introduced a solution known as the Coinbase bundles. The most notable advantages of this product are:
Coinbase is on the biggest digital asset trading platforms in the world. The exchange is licensed to operate in several counties across the world, including EU nations, the United Kingdom and the United States. This means that it is available to a wide range of clients.
No Additional Fees
In addition to providing a convenient buying experience to customers, the Coinbase bundle does not charge extra fees. Users are charged the amount they would incur if they had bought the cryptocurrencies contained in the bundle on their own. Normally, Coinbase levies a 1.5% commission on the fiat value of each transaction.
For a considerable period, a majority of investors dealt mainly with Bitcoin and Ethereum. This is no longer the case, as these traders are now investing in several digital assets. In this regard, the Coinbase bundle supports five cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Ethereum Classic.
Low Investments Caps
Digital currency investments should not compel users to buy a specific amount of assets. The Coinbase bundle is available for as little as $25, €25 or £25. Concerning the upper limit, Coinbase is yet to implement it on the Coinbase bundle. However, users are limited to a certain daily limit purchase amount according to their verification limit. If a user fails to send their purchased coins to a personal wallet, they remain in the custody of Coinbase.
How Coinbase Bundles Work
What is a Coinbase Bundle?
A Coinbase bundle is a collection of five cryptocurrencies listed on Coinbase, bought in proportion to their market capitalization value in US dollars. Essentially, the ratio of the coins in the bundle depends on the situational market cap of the coins.
How Coinbase Bundles Are allocated
The bundle allocation for each of the five digital currencies is arrived at by multiplying the prevailing value of the currency by the supply of the currency in circulation at the time of the transaction.
Purchasing a Coinbase Bundle
To purchase a Coinbase bundle, click the ‘Buy Coinbase Bundle’ on the Coinbase website. This will prompt the investor to insert the amount (in fiat currency) that they wish to invest. The platform accepts a variety of payments methods, including bank accounts and wire transfers in the US, GBP and EUR bank transfers in the UK and SEPA transfer for EU countries.
Selling a Coinbase Bundle
Investors can sell their digital currencies acquired through purchasing the Coinbase bundle at their volition. It is worth noting that each of the five cryptocurrencies moves to an independent wallet after being purchased. For this reason, it is impossible to sell the Coinbase bundle as a unit. Rather, the trader has to sell each of the virtual currencies individually.