Coinbase Bundles now let you buy 5 cryptocurrencies at once
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.
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
- Ethereum price crumbles as dApps flee for cheaper platforms
- Bitcoin volatility at 6-month high as price direction looks uncertain
- Bitcoin price viciously dips to US$51,000 after hitting $1 trillion market cap
- Bitcoin crashes below $50,000 after more cryptic Elon Musk tweets
- Ethereum price crashes 15% overnight as cryptocurrency market drops