For those that don’t know, Robinhood launched a debit card earlier this year that lets users "round up" their spare change into bitcoin and other cryptos. Rounding up a great way to DCA in a bear market — you can basically “set it and forget it” and leave a tip for your future self every time you buy something.
Despite liking the actual product, I can’t think of a more corrupt company than Robinhood (whose entire business model revolves around repeatedly selling out and screwing over their customers -- look no further than the whole GME scandal). So I started looking elsewhere for the same product and found its offered by a few other companies.
Cash App basically offers the exact same thing as Robinhood. It’s a debit card that lets you round up into various top cryptos.
Pros:
- It’s not Robinhood,
Cons:
- The round ups only happen when you use the actual Cash App debit card. Since you can't use a credit card, this means you miss out on all opportunities for cash back or reward points. If you plan on DCA’ing long-term, you could be missing out on years of credit card perks.
Bundil is an app that lets you round up your purchases into crypto. In that way, it is similar to the OG Acorns app, which lets you round up into the stock market.
Pros:
- Since it’s an app, it works with any credit or debit card. This means you can keep using your credit card of choice while also rounding up into bitcoin.
Cons:
They have a $5 monthly fee, which apparently they are not transparent about and some users report is completely hidden.
Lots of states aren’t supported.,
Lots of 1 star app reviews and the 5 star reviews look fake.
Is anyone here currently using a one of these? Do you think it’s worth it? The Acorns app helped me buy my first house in a volatile housing market. Since crypto is so volatile I’m going with what I know and basically doing the same thing.
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