Many people said that Bitcoin and the cryptocurrencies as a whole were a bubble, but this hasn’t been the truth, as the market just keeps growing. This brings some people to a problem: how to invest in cryptocurrencies if you simply do not have a lot of money?
One of the most interesting aspects of this market is how, unlike the traditional financial market, simple people without fortunes could invest, but if you really are struggling with money, things can get really hard. Because of this, companies like MyVested are offering opportunities for the people who are interested in making micro-investments in crypto.
If you have already heard of this platform and you are curious, read our review to know if you should use it.
What Is MyVested?
MyVested is an international cryptocurrency investment platform that has the goal to “simplify crypto” for investors who do not have a lot of money. Basically, the platform wants to give you a chance to use “spare change” to invest in Bitcoin, Ethereum and other altcoins.
How MyVested Automatic Cryptocurrency Investment Portfolio Works
You have to create your account and then link your bank account to the program. After you have successfully done that, you can deposit small quantities of money on your account. For example, you can simply invest in some plan offered by the company a small quantity like $10 or $15 USD (the minimum is $5 USD to create an account).
Now, if you use the company to buy things, every time that you buy something, like for example a coffee, you will round up to the nearest dollar and you will pay that. Confused? Look at the following situation: you can buy a coffee for $3.75 USD and you will pay $4 USD. The point is that these 25 cents will go to your account and be invested in your chosen crypto program.
As soon as you reach $5 USD, this money will be invested in cryptos. This way, you do not even need to save, as the program does that for you by charging these micro transactions that will be sent to your account later. You can also make monthly small investments to buy tokens.
The company charges monthly fees of $1.5 USD monthly for accounts with less than $1000 USD and 0.05% for accounts with more than that. You can either deposit or withdraw $8000 USD daily.
The company has four different types of portfolios. The conservative version is 50% Bitcoin, 50% Ethereum and will only make you lose money if the market crashes, but your gains will probably be smaller. The balanced portfolio is 40% ETH, 20% Ripple, 20% Bitcoin Cash and 20% EOS and it has more emerging cryptos that can be really valuable to you.
If you choose the aggressive portfolio option, it will be 20% Litecoin, 20% Cardano, 20% Stellar, 20% IOTA and 20% TRON. None of these tokens has already reached its full potential, so you might risk more, but will have to gain more money.
Finally, you also have options for creating custom portfolios with up to 5 tokens and to rebalance your tokens.
Is MyVested Safe?
It definitely looks somewhat safe, but it would be foolish to believe that the company is 100% safe. For one, it has some red flags like pages that link to error pages (about us and security pages) and it does not state who are the creators of the company.
This is worrisome because these are both red flags for scam, but the company looks legit as a whole and you will not be investing a lot of money in the first place, so consider your risk to be low.
If you do not have a lot of money but you really want to invest in cryptos, MyVested can be an option. Will it be a great one? Not really, but it can be a somewhat good one, depending on your luck and on how you make your investments. Because of this, consider this to be a decent option for investing.