Coinflash

Automatically invest your spare change into cryptocurrency.

8 followers

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Coinflash rounds up your change to the nearest dollar from your credit and debit card purchases and invests it automatically into the cryptocurrency of your choice. It does this by first counting up your spare change from the previous week or month.
Coinflash gallery image
Coinflash gallery image
Coinflash gallery image
Launch tags:
Fintech•Web3
Launch Team

What do you think? …

Michael Dempsey
How does this work in relation to coinbase transaction fees?
Louis Lapat
Maker
Hi @mhdempsey, you get the same Coinbase transaction fee you would get if you went to Coinbase to buy that amount.
Michael Dempsey
@louis_lapat I guess my point is that the smaller transactions seem like they'd get killed by the coinbase fees.
Louis Lapat
Maker
@mhdempsey yes for sure, best to set to weekly or monthly investments so your buying over $10 at least, then the CB fees aren't so bad.
Maxim Zubarev
@mhdempsey @louis_lapat you should try to use gdax.com, it's the same business and even account as coinbase and doesnt charge you the fees coinbase charges. You can transfer your funds from coinbase to gdax and vice versa easily.
Louis Lapat
Maker
@mhdempsey @mxmzb I wonder how it will work with the API. I need to research this. Thanks Maxim.
Hameto
What's your biz model? Coinbase doesn't appear to have an affiliate program. I've heard Shapeshift has a good one. (no need to spill any secret sauce, just curious if this is a sell-my-data service)
Louis Lapat
Maker
@hameto_ holy crap, shapeshift looks awesome. This could be how I get more coins on board, they have an API: https://info.shapeshift.io/api I have more research to do but I think this could work, thanks man! I really want to get alt-coins in this thing. I do NOT sell your data, no plans to. As far as Coinbase, Coinbase gets like 35k users a day, which is insane: https://twitter.com/brian_armstr... So they have no idea I exist. Business model: I charge $1/month for this service, gonna add more goal-like-services down the road like https://www.qapital.com/, each one charging $1-$3/month. Kind of a tough road because only a percentage of the users are paying (I only charge if you have the service turned on) and I have API expenses, we'll see in a few months where I stand.
Yvo Schaap
How do I sign up on your website? Don't see a CTA. And does the promo video show a "net loss" of $70? :)
Stefan Wirth
@yvoschaap Sounds like a solid investment to me :p
Louis Lapat
Maker
@yvoschaap @nafetswirth ha, I made this video the day BTC took a dump so my portfolio was down $70, bummer for the video. Should be a google sign in button on front page: https://imgur.com/a/4FI8c
Louis Lapat
Maker
@yvoschaap @nafetswirth pretty sure I fixed the missing signin button bug, you guys wanna take another try?
Stefan Wirth
@louis_lapat thanks Louis. Will do