Introducing CoinSpot's new Bundles feature!
- 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 could select each coin and buy them one by one or you could 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.
1) Select the Bundle you want to purchase from the Bundles Page.
2) Enter in the AUD amount worth of the Bundle you want to buy.
3) Check the breakdown of how much you will be receiving of each coin.
4) Once you have confirmed the above details you can then complete your Bundle purchase by selecting "Confirm Buy". The coins will then be shown in their appropriate wallets.
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.
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