What is in this article?
- What is CoinSpot Bundle?
- How do I buy a Bundle?
- I just bought a Bundle, where is it?
- How do I sell a Bundle?
- How is the percentage split of each Bundle decided?
- What is the difference in buying coins individually as opposed to buying a Bundle?
What is a CoinSpot Bundle?
A CoinSpot Bundle is a selection of multiple coins put together based on certain attributes. This allows a user to purchase the group of coins in one action rather than having to purchase each coin individually. For example, if you wanted to purchase the top ten coins by market cap, you can select each coin and buy them one by one or you can purchase the Top 10 Market Cap Bundle and get a split of the ten in just a couple of clicks.
How do I buy a Bundle?
You can purchase a Bundle in the same easy way you would complete an instant buy.
We will be using Top 10 Market Cap Bundle as a visual aid.
1. Locate the Bundles Page on the top menu bar.
Figure 1. CoinSpot Bundles - (Bundles Button)
2. Select the 'Buy' button.
Figure 2. CoinSpot Bundles - (Selecting a Bundle)
3. Enter in the AUD amount you wish to purchase.
Figure 3. CoinSpot Bundles - (Entering Purchase Amount)
4. Check the breakdown of how much you will be receiving of each coin > Then select 'Buy'.
Figure 4. CoinSpot Bundles - (Coin Distribution Breakdown)
5. Review the details on the confirmation screen one last time > Once you are ready to place your Bundle purchase, select 'Confirm Buy'.
Figure 5. CoinSpot Bundles - (Final Review - Confirm Buy)
I just bought a Bundle, where is it?
Buying a bundle will automatically purchase the individual assets and store them in your respective CoinSpot wallets. When you go to 'Wallets' you will find the coins purchased added to any existing balances in each of the applicable wallets.
How do I sell a Bundle?
For complete flexibility, CoinSpot allows you to sell the coins within a Bundle individually. Therefore, if you purchased a Bundle containing five coins but you wanted to sell just one of the coins, you can do this. This works in the same way you would complete an Instant Sell. Therefore, if you wish to sell all coins within the Bundle, you will need to sell them individually.
For a detailed guide on how to complete an Instant Sell, please have a read of our Instant Sell to AUD article.
How is the percentage split of each Bundle decided?
A Bundle's percentage breakdown is generally evenly split, however this is not always the case. As the market moves, so will the percentage of the Bundle breakdown. For example, let's say that a certain Bundle is made up of four coins with a 25% even split, then one specific coin increases in value significantly. This would result in the percentage breakdown of that split updating to show this market movement. It may then show that coin as 35% and the other coins being updated with a lower percentage.
What is the difference in buying coins individually as opposed to buying a Bundle?
From a fee perspective, there is no difference in buying coins individually versus buying a Bundle. For example if you instantly buy $100 of Bitcoin the fee will be 1% and if you purchase a Bundle the fee will also be 1% of the total AUD buy amount.
The main benefit of purchasing a Bundle against purchasing individually would be that you can buy a group of coins at once rather than having to purchase each coin one by one.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.