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Coinbase Bundles now let you buy 5 cryptocurrencies at once

Posted: 28 September 2018 4:13 pm
News

If you don't want to know or care about what you're buying, this bundle might be the answer.

If you have literal hams for hands, the Coinbase Bundle might be for you (not financial advice), presenting an easy way of buying a lot of bitcoin, a little bit of Ethereum and a negligible splattering Bitcoin Cash, Litecoin and Ethereum Classic.

These five coins were carefully hand-picked by Coinbase out of the five coins it currently has available, so you know you're getting a whole lot of availability with this bundle.

The breakdown of each is weighted by market cap, like so at the time of writing:

Functionally it's almost exactly like the Coinbase Index Fund, except this time it's called a "bundle", which might make it sound a bit more chipper and friendly for retail speculators, rather than like a serious financial product for serious investors.

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The main difference is that the Coinbase Index Fund was designed for accredited and sophisticated investors who want to spend a lot of money on a random splash of crypto, while the Coinbase bundle is apparently for unaccredited and unsophisticated investors who want to spend a little bit of money on a random splash of crypto.

So far the Bundle is available to verified customers in the US, EU and UK, with the minimum purchase being $25, €25 or £25. Fee-wise, it's exactly the same as any other Coinbase purchase, with a flat 1.5% commission on the fiat amount bought.

You can find the Coinbase Bundle sold here, along with a jaunty graph explaining how much it would be worth now if you bought it a week, a month or a year ago.

Buying $100 a week ago would be worth $100.24 now, while putting down $100 a month ago would be worth only $94.74 now. A year ago though, and you'd be up to $159.20.

And buy on 3 January 2013 (as far back as the graph goes) and a $100 purchase then would be worth $13,485.08. But most coins in this bundle didn't exist back then, so take the numbers with a grain of salt.


Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VET, XLM, BTC, ADA

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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