New! Crypto Saving with cryptocurrency purchased automatically
Firi is launching Crypto Saving ("Krypto sparing") - a product that makes it even safer, easier and more engaging to buy cryptocurrency and invest long-term.
Statistics show that long-term savings in cryptocurrency provide a better return than buying cryptocurrency based on current prices, and then selling.
Now, we are launching Crypto Saving! With this, you can create a savings account in our app to make it easier for you to save in cryptocurrency. There are three ways you can do this:
- Set up your account to make automatic withdrawals from your online bank.
- Make individual transfers from your online bank
- Make internal transfers from your main Firi account to your savings account.
How Crypto Savings with automatic withdrawals from your online bank works
Setting up Crypto Saving with automatic withdrawals is easy. You choose how much you want to put into your savings, whether you want withdrawals to be daily, weekly or monthly, and which cryptocurrencies you want to save in.
When you invest this way, you are using an investment strategy called dollar cost averaging (DCA). This is a popular strategy which has proven to provide very good results over time when it comes to bitcoin and other cryptocurrencies.
The amount taken from your account is collected in Norwegian kroner, and the cryptocurrencies you want to save in are then purchased automatically. We buy and sell at our market’s best price.
When you have a savings agreement with us, you only pay 0.7% on automatic purchases of cryptocurrency. See our prices here.
Remember that buying and selling cryptocurrencies involves high risk, and that historical returns are never a guarantee of future returns.