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What’s the Crypto Boost?
What’s the Crypto Boost?
François avatar
Written by François
Updated over a week ago

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.

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:

  1. Access the Buy screen in Boost mode.
    You can either click on the Crypto Boost banner in the Crypto pocket or go to the market order screen and switch the order type to "Crypto Boost".

  2. Enter the amount you want to invest in EUR using your own funds.
    The minimum allowed amount is €10.

  3. Select the Boost option by tapping on the button placed in the left corner of the purchase screen.
    Boost acts as a multiplier for the coin's price fluctuations.

  4. Double-check the costs and confirm the order by tapping on the Buy button.
    You can find your boost positions in a separate section within the Crypto Pocket or on the specific coin screen.
    Kindly note that once the order is confirmed, you can’t make any modifications to 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 12% or if the position’s loss reaches 60%.

Which coins are compatible with the Crypto Boost feature?

Find below the coins available for purchase using Crypto Boost, along with the maximum multiplication factor for each:

  • Bitcoin: Maximum Boost: x7

  • Ethereum: Maximum Boost: x7

  • Cardano: Maximum Boost: x6

  • Litecoin: Maximum Boost: x6

  • Dogecoin: Maximum Boost: x5

  • Solana: Maximum Boost: x4

  • Polkadot: Maximum Boost: x6

  • Ripple: Maximum Boost: x5

  • Shiba Inu: Maximum Boost: x5

  • Polygon: Maximum Boost: x4

  • Algorand: Maximum Boost: x5

Please note that the maximum multiplication factor indicates the highest value you can increase your purchase by using Crypto Boost for each respective coin.

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 60% 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 x3 Boost, the position will close if the coin’s price drops by 20%, resulting in a total funds decline of €60 or 60%.

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.

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