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I think there may have been another company with a similar name that had some negative connotations but I’m not positive. I was skeptical when I tried it but wasn’t happy with APY on savings from most institutions. No, it’s not FDIC insured. It may not be legal tender on the backend but is converted to cash that you can use like a savings account. All I know at this point is that transfers to and from my personal account work fine and I’m earning almost 20 times more than I did with my traditional savings account.

The best way to get into bitcoin. I started using Lolli for my makeup and sneaker purchases, and it's been so great to see my earnings accumulate. Plus it's the perfect bitcoin on-ramp for my friends and family. I also love their new card boosts and the ability to earn in-store.