TL;DR:
Today we’re excited to launch Auto-Stack, a new feature which lets you schedule recurring bitcoin buys on Fold. This feature marks the best way to buy bitcoin with zero fees, zero added spread*, and a chance to win 100k sats with our current “Miracle on 21,000,000th Street” promotion, every time you stack $10. This is the best way to passively accumulate bitcoin!
Overview
At Fold, our mission is to be the premier platform for accumulating bitcoin. We've pioneered earning bitcoin on your everyday expenses, and more recently, we launched fee-free, tight-spread, instant withdrawal bitcoin purchases with rewards. But we're not satisfied with just good – so we're making it even better!
Now, with the addition of Auto-Stack, most Fold users can turbocharge their bitcoin accumulation by automatically purchasing bitcoin directly from their Fold Card balance.
How it works
- Go to the bitcoin tab.
- Turn on Auto-Stack
- Set an amount and frequency.
- Watch as the sats and Spins flow into your account!
Right now, the Auto-Stack feature is only available to users who currently have access to bitcoin buying. If you aren’t part of this group, don’t fret. We are working hard to expand access to all of our users by early next year.
Why it’s better
While there are various ways to Dollar-Cost Average (DCA) – or as we call it, Auto-Stack – in the bitcoin space, what sets Fold apart?
- Zero Auto-Stack fees**
- Zero added spread*
- Instant withdrawals
- Chance to win a full bitcoin every time**
There's never been a more efficient way to consistently build your bitcoin portfolio!
Fee Details
We understand transparency is crucial to you, and at Fold, we value that. Here's a breakdown of the fees you can anticipate:
Spin+
- Auto-Stack: 0%
- Spot Buys: 0% (only for a limited time! 0% fee ends 1/31/2024)
Spin
- Auto-Stack: 1%
- Spot Buys: 1.5%
As a reminder, Spot Buys are one time spontaneous purchases of bitcoin. Auto-Stacks are recurring buys that you schedule within the Fold app.
What’s Next
We've got a host of engaging and fun features lined up. Here's what you can expect in the near future:
- Push to Card lets you send bitcoin to your checking account to spend and pay bills.
- Bitcoin Buying for All Fold Cardholders.
- Maximize your spare change with Bitcoin Round-Ups and invest in bitcoin effortlessly.
- Lightning Withdrawals let you withdraw quickly and without fees.
- Automated Bitcoin Withdrawals ensure a seamless “Fold to Cold” experience.
This feature is only available to users who currently have access to bitcoin buying
We deeply appreciate your ongoing support and loyalty as part of the Fold community. If you have any questions or concerns, please consult our FAQ or reach out to our customer support team.
The Fold Team
*Fold does not add spread, but liquidity providers may pass along a minimal spread depending on market conditions.
**For Spin+ tier only
