Circle Invest is a mobile app available for iOS and Android that lets users purchase a variety of popular cryptocurrencies. Now, the popular app just introduced a feature that lets you buy all available coins weighted by market capitalization.
All our coins. All at once.
Our new Buy The Market feature just launched on Circle Invest.
Find out more about our new way to invest in crypto here: https://t.co/Y3xEl2PIlf
— Circle Invest (@circleinvest) May 22, 2018
If you want to invest in the entire cryptocurrency market with a single click, then you can now do that with Circle Invest. It’s like buying an index fund. With a tap.
Some have compared the free mobile app to Coinbase for its ease-of-use. Circle Invest launched with the tagline, “crypto without the cryptic”. You can start investing for as little as $1, then track your portfolio as it grows or shrinks over time.
The app also emphasizes the fact that it’s “actually built around investing”. It’s not a wallet. It doesn’t promote ICOs or market trends. Instead, it acts as a serious investment platform with a user-friendly interface.
Other key features with Circle Invest include offline storage, 256-bit encryption, two step verification, and more.
Circle Invest has always allowed investors to purchase multiple coins with a single tap. You can essentially fill up your basket using the app then checkout with a single click. However, with their new feature, you can buy an entire cryptocurrency portfolio weighted by market cap. If you want to invest $100 into the top 7 largest cryptocurrencies, for example, proportional to each coin’s market cap, then Circle Invest now lets you do that with a tap.
The service is available for all coins sold by Circle Invest. As of now, the app supports 7 cryptocurrencies, including bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Zcash (ZEC), Monero (XMR), Litecoin (LTC), and Ethereum Classic (ETC).
If you were to deposit $1,000 into the app and purchase the market, then you’d end up with more bitcoin and Ethereum than anything else. As of today, bitcoin accounts for about 38% of the market while Ethereum has 18% of the market. Ripple (7%), Bitcoin Cash (5.5%), and Litecoin (2%) round out the list.
Circle Invest only supports market orders. ACH transfers are free. All transfers below $10,000 allow you to instantly buy – so there’s no need to wait for the money to arrive in Circle’s bank account.
Circle Invest is only available to users in the United States. It’s unavailable to residents of Minnesota, Hawaii, and Wyoming. The company plans to expand to Europe at some point.