How to Buy Bitcoin with Round-Ups

Round-Ups is an Automation feature that rounds up your Fold Card transactions to the nearest dollar, using the "spare change" to automatically purchase bitcoin. It's a simple and efficient way to stack sats, and with the option to apply multipliers, you can accelerate your bitcoin accumulation at your own pace.

How to Enable Round-Ups

To begin using Round-Ups:
1. Head to the Bitcoin tab
2. Tap on the Automations suite

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3. Follow the prompts to turn on Round-Ups and select your preferred multiplier (1x, 2x, 5x, or 10x).

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4. Stack!

Understanding Multipliers

Multipliers increase the amount of change you set aside with each purchase. For example on a $3.50 purchase:

Basic 1x will round up your $3.50 purchase to $4.00, setting aside $0.50 to buy bitcoin.

Turbo 2x will double the change from $3.50 to $4.00, setting aside $1.00 to buy bitcoin.

Nitro 5x will multiply by 5 the change from $3.50 to $4.00, setting aside $2.50 to buy bitcoin.

Max 10x will multiple by 10 the change from $.50 to $4.00, setting aside $5.00 to buy butcoin

Choose the multiplier that aligns with your investment goals and risk tolerance!

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What is the Progress Tracker?

The progress tracker is a visual tool that shows the accumulation of the change you have set aside for a round-up purchase until the amount reaches $5. ​​Once the tracker is full, a bitcoin purchase is triggered. Funds are not debited from your account until the tracker is full and the purchase is triggered.

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Round-Ups are calculated when Fold Card transactions settle so don’t worry if you don’t see a round-up appear on the progress tracker immediately after a transaction; it’ll appear once the merchant settles that transaction.

If you have an active round-up, you can view your progress tracker from the bitcoin dashboard within the Fold App, keeping you informed of how close you are to your next round-up bitcoin purchase.

When Does a Round-Up Purchase Actually Occur?

Once the tracker is full, a bitcoin purchase is triggered. The next qualifying transaction will trigger the bitcoin purchase when the merchant settles the transaction.

How to Edit an Existing Round-Up

To edit an existing round-up:

1. Tap 'Review' on your active round-up in the Automations section

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 2. Select your preferred multiplier to adjust how much you round up with each purchase.

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How to Cancel an Existing Round-Up

To cancel an existing round-up:

1. Tap 'Review' on your active round-up in the Automations section.

2. Toggle the Round-Up feature off to stop accumulating round-up amounts then "tap Confirm"

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What Happens if I Turn Off Round-Ups?

If you decide to turn off the Round-Ups feature, your progress tracker will reset, and no further round-up purchases will be made until you choose to reactivate it.

What Happens if I Have Insufficient Funds for My Round-Up?

If there are insufficient funds for your round-up purchase when your progress crosses the threshold, Fold will notify you. Qualifying transactions will continue to add to your progress tracker, and we will attempt to complete the round-up transaction when enough funds are present in your account.

We will not complete the round-up buy as soon as you top up your Fold Card; it will occur with the next qualifying transaction. If you wish to avoid an automatic purchase once funds are added, you may turn off Round-Ups, which will reset the progress tracker.

Qualifying transactions will continue to add to your progress tracker. Bitcoin buys of your total accumulated round-up amount will be attempted after each transaction until a successful bitcoin purchase. If you wish to stop these attempts, you may turn off Round-Ups, which will reset the progress tracker back to $0.

Which Transactions Qualify for a Round-Up?

All Fold Card transactions trigger a round-up except for the following:

- Bitcoin purchases made in the Fold App

- Gift card purchases made in the Fold App

- ATM withdrawals

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