With Crypto Boost, you are able to increase the performance of coins up to nine times. This becomes achievable as you gain the ability to buy coins valued at up to nine 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 EUR 10,000 and all of your boosted positions cannot exceed a combined amount of EUR 50,000.
How does it work?
Before you can use this feature for the first time, you will need to agree to our Terms and Conditions. From that moment on, you can multiply your crypto investment you will just need to:
Select a crypto-asset, click “buy” and enter the amount you'd like to invest in EUR from your own funds. Remember, the minimum investment amount is EUR 10.
Use the “boost” bar to select how much you would 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 boosted positions in the Crypto Pocket section or directly on the specific coin screen. Please note that once you have confirmed your order, you will not be able to modify the quantity or add extra funds to it.
Here’s an example:
If you want to buy Bitcoin worth EUR 1,000 and you’d like to increase your earnings by 5, you can buy the coins for a total of EUR 5,000 by using only EUR 1,000 from your account.
If the coin’s price goes up, you will 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 at least 12% or if the position’s loss reaches 60%.
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 within the Crypto Pocket incur a fee based on the tiered pricing structure – you can read more about it in this FAQ article or refer to our Terms and Conditions. For Crypto Boost orders, the entire transaction amount (both your funds and boost funds) counts towards the turnover that affects your trading fees in the next month.
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 EUR 100 of your own funds in Bitcoin using a x3 Boost, the fee will be applied to the total value of the investment, EUR 300.
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. In this case, the funds from the closed position will be transferred to your Uninvested Cash balance in the Crypto Pocket.
Be advised that an automated closure of Crypto Boost positions may occur due to the inherent volatility of crypto-assets. If a loss of 60% or more is incurred from your own funds, the position will be automatically closed.
For example:
You decide to invest EUR 100 of your own funds in a coin using a x4 Boost, the position will close if the coin’s price drops by 15%, resulting in a total funds’ decline of EUR 60 (or 60%).
It’s important to note that this calculation does not include the fees for buying and selling. This means that while auto-liquidation ensures you do not lose more than 60% of your own funds, the fees applied to the transaction are added separately and could result in a total loss slightly exceeding 60%. The applicable fees will always be shown to you in the app before you validate the relevant transaction.
What are the risks of using the Crypto Boost?
Trading with crypto-assets involves risk and the past performance of a coin isn’t an indication of its future performance. Crypto-assets are speculative, and risks are to be taken into account when trading.