Simplified crypto portfolio app hopes to attract new users to the space by targeting investors with as little as $25.

A new cryptocurrency investment and portfolio management app for Android and iOS promises to lower both the technological and financial barriers to entry for new investors.

Launched May 7, B21 Invest allows users to easily create and manage their own portfolio of cryptocurrencies with a minimum fiat deposit of just $25. Coins can be purchased through the app using either bank transfer or card payment.

Investing in multiple cryptocurrencies, made easy

Once funds are deposited onto the platform, they can be used to buy individual assets or be split across a user-defined portfolio. Balances can be adjusted through the app’s dashboard, and individual assets can be sold and traded at will. B21 Founder, Nitin Agarwal, explained that the company’s mission is:

To bring digital asset investing to the mainstream, so everyone can participate in the potential returns without having to deal with the complex technology typically associated with digital and crypto asset investments.

Consequently, the app is available across 65 countries and in six languages.

The small print

Withdrawals, to a minimum value of $25, can be made for free via ACH bank transfer within the United States. They can also be made via domestic or international wire transfer, although this will incur a fee.

Planned future developments include the introduction of a debit card, to which funds can be transferred and spent, and the possibility to stake assets and gain interest through DeFi services.

Although the B21 Invest app does provide a smoother onramp for those who may previously have been deterred from investing in digital assets, the flipside of this is that it is a full custodial service. This will not appeal to those who demand full control of their private keys and wallets, although that isn’t really who it is aimed at.

Agarwal told Cointelegraph that he expects about 90% of users to be first time cryptocurrency investors, but that the app also has something to offer to those who already hold digital assets.

Even existing investors can find it complicated to invest using exchanges. Exchanges are meant for traders while non custodial wallets are meant for tech savvy people who want to hold on to their keys. B21 is largely focussed towards the people who want to invest but not worry about managing keys or get lost in the complicated experience of the exchanges.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: Assessing chances of one last bear market rally for 2022

Bitcoin Weekly Forecast: Assessing chances of one last bear market rally for 2022

Bitcoin price is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

More Bitcoin News

Uniswap price could kick-start a 14% rally if it reclaims this level

Uniswap price could kick-start a 14% rally if it reclaims this level

Uniswap price has been following the broader market bullish cues over the last few days sustaining its rise from 48 hours ago. Although the sentiment seems to have shifted slightly, UNI holders can still book profits if the Decentralized Finance (DeFi) token climbs to this level.

More UniSwap news

ATOM price suggests bears are still in control for these reasons

ATOM price suggests bears are still in control for these reasons

Cosmos price is producing a countertrend rally after suffering a steep decline throughout the month. If market conditions persist, ATOM could wipe out newly established bullish positions. Key levels have been defined to gauge ATOM’s next potential move.

More Cosmos news

Cardano Price Prediction: A new yearly low before the bounce

Cardano Price Prediction: A new yearly low before the bounce

Cardano price has suffered a vicious downtrend move throughout November. Ss price consolidates, the technicals suggest a bounce occurs while on-chain metrics hint that investors are considering securing profits sooner than later.

More Cardano news

Bitcoin: Assessing chances of one last bear market rally for 2022

Bitcoin: Assessing chances of one last bear market rally for 2022

BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

Read full analysis

BTC

ETH

XRP