The Crypto Boost is our newest addition to the Crypto pocket. With this type of order, you’ll be able to increase the performance of coins up to 7 times. This becomes achievable as you gain the ability to buy coins valued at up to seven times your initial investment.
For example, if you choose to Boost your order x4 and the coin increases by 10%, your profit will amount to 40%.
Kindly note that regardless of your plan, the maximum amount per individual purchase is €10,000 and all of your boosted positions cannot exceed a combined amount of €50,000.
How does it work?
Before you can use this feature for the first time, you’ll need to agree to our Terms and Conditions. From that moment on, to multiply your crypto investment you’ll just need to:
Access the Buy screen and enter the amount you'd like to invest in EUR from your own funds. Remember, the minimum investment amount is €10.
Use the Boost bar to select how much you'd like to boost your position. The Boost feature acts as a multiplier for the coin's price movements, giving you the potential for greater gains.
Tap the “Continue” button to proceed with your purchase. You can review the costs, and then confirm your order by tapping the “Buy” button. You can view your boost positions in the Crypto Pocket section or directly on the specific coin screen. Please note that once you've confirmed your order, you won't be able to modify the quantity or add extra funds to it.
Here’s an example:
If you want to buy Bitcoin worth €1000 and you’d like to increase your earnings by 5, you can buy the coins for a total of €5000 by using only €1000 from your account.
If the coin’s price goes up, you’ll receive the gains multiplied by 5. If the coin’s price drops, your funds will be affected accordingly. At worst, to minimise your loss, the position will be automatically closed if the coin price drops 16% or if the position’s loss reaches 80%.
Which coins are compatible with the Crypto Boost feature?
Coins that support the Boost option will feature a special Crypto Boost badge on their icon. Additionally, these coins will be conveniently grouped in a dedicated section called "Coins with Boost Option."
What are the applicable fees?
Trades with the Crypto incur a fee of 1.49% of the order amount for Standard customers, with a minimum fee of €0.79. As Crypto Boost enables you to acquire a greater quantity of coins for the same amount of money, the trading fees are applied to the entire position. For instance, if you decide to invest €100 of your own funds in BTC using a x3 Boost, the fee of 1.49% will be applied to the total value of the investment, €300.
However, if you are a Prime customer, no fees are charged for trading within your Crypto Pocket.
Be advised that even though there are no other applicable fees, there’s a regular market spread and that's why prices might vary across different screens in the app. This spread depends on factors such as market depth and volatility.
When do I need to close the Crypto Boost positions?
You need to close the Crypto Boost positions before the end of the day (before 00:00 CET) by navigating the coin screen and tapping on the Sell button to close them. If you fail to close your Crypto Boost position before midnight, it will be automatically closed based on the market price at that time.
Be advised that an automated closure of Crypto Boost positions may occur due to the inherent volatility of cryptocurrencies. If a loss of 80% or more is incurred from your own funds, the position will be automatically closed. Let’s say you decide to invest €100 of your own funds in a coin using a x4 Boost, the position will close if the coin’s price drops by 20%, resulting in a total funds decline of €80 or 80%.
What are the risks of using the Crypto Boost?
Trading with cryptocurrencies involves risk and the past performance of a coin isn’t an indication of its future performance. Cryptocurrencies are speculative, and risks are to be taken into account when trading.