Get the Most out of Fold

The more you use Fold the better it gets and to have the maximum benefit it's helpful to know how all the moving parts fit together.

Number one if you receive a paycheck you should send your direct deposit to Fold. If you don't receive a paycheck you can connect your Fold account to another bank account by using the account and routing number found from the home page.

Here is where your first automation comes in, whenever you have a deposit from a paycheck or an outside bank, what do you want to happen to the money? What percent do you want to deposit to USD and what percent do you want to deposit to bitcoin?

The amount of bitcoin you buy through Fold is the number one biggest lever you have towards earning rewards and towards getting the maximum benefit of Fold which is to have the banking features you need with the currency you prefer.

After you have your direct deposit settings set up, now it's time to think about bill pay and which options best fit your personal finances.

There's three ways to pay your bills with Fold:

1. With the account and routing number directly at your biller destination website
2. With the Fold card directly at your biller destination website
3. With the Fold card through a bill pay portal like PayPal that aggregates a lot of billers together so that users can use card payments

Option 1 above paying bills with your account and routing number now earns rewards! To dive deep on earning rewards with ACH payments on your largest expenses like mortgage, rent, and credit card, read the full post on ACH rewards. Fold users that lean in with the most volume can earn up to 1.5% bitcoin back on this method.

Options 2 and 3 earn a flat 0.5% back in bitcoin.

My personal advice here is to find a mix of convenience and rewards maximization. The design refresh we just rolled out is purpose built to provide a clean and calm experience for managing your bitcoin personal finances. We understand that everyone's setup for their bills is very unique and are already seeing massive volume and success through users switching their primary account to Fold.

Direct deposit and bill pay is not where Fold stops in providing bitcoin financial services, here's a list of several other ways to get the maximum benefit of your Fold account.

Daily Wheel - Every day just for logging into Fold you can earn bitcoin with the daily Fold wheel!

Round Ups - Head to the automations buttons on the bitcoin tab and choose how much you want to round up every Fold card purchase and throw your change into bitcoin.

Dollar Cost Averaging - The most tried and true way to stack bitcoin for years is here and you can buy bitcoin on a schedule from the USD balance you have inside Fold.

Gift Cards - Buy gift cards to your favorite stores and services using your Fold card, lightning bitcoin, or a different card you use.

In conclusion I want to repeat the number one way to get the most out of Fold is to use it more. Fold is the leader in personal finance for bitcoin and everything is purpose built to give you benefits over traditional banking so that you and your family can continue to ride the massive wave of bitcoin adoption.

Fold is a financial services platform and not an FDIC insured bank. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have a Fold Card, up to $250,000 of your balance is covered by FDIC insurance on a pass-through basis through Sutton Bank, Member FDIC, if certain conditions have been met. Bitcoin assets are not FDIC insured.

The Fold Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A.. Inc. Visa is a registered trademark of Visa, U.S.A., Inc. All other trademarks and service marks belong to their respective owners. Reward Accounts and bitcoin are not FDIC or SIPC insured. Bitcoin involves certain risks and may lose value. Fortress Trust provides Bitcoin services. See Terms of Use here.