Round-Ups is an automated 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:
Open the Fold app
Tap Cash
Tap Round ups
Tap the Continue button
Select your preferred multiplier (1x, 2x, 5x, or 10x), and tap the Confirm button
Tap the Done button
Stack!
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
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 multiply by 10 the change from $.50 to $4.00, setting aside $5.00 to buy bitcoin.
Choose the multiplier that aligns with your investment goals and risk tolerance!
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 $10. Once the tracker is full, a bitcoin purchase is triggered. Please note: funds are not debited from your account until the tracker is full and the purchase is triggered.
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. The purchase will complete automatically, as long as you have enough funds in your Fold account to cover the $10 buy.
How to edit an existing Round up
To edit an existing Round up:
- Open the Fold app
Tap Cash
Tap [1x/2x/5x/10x] Round up (it will show the multiplier you chose)
Select your preferred multiplier (1x, 2x, 5x, or 10x), and tap the Modify button
Tap the Done button
Stack!
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
How to cancel an existing Round up
To cancel an existing Round up:
- Open the Fold app
Tap Cash
Tap [1x/2x/5x/10x] Round up (it will show the multiplier you chose)
Tap Turn off Round ups
Confirm by tapping the Turn off button
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
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 Debit account; 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
If you still have questions, or need further assistance, please email us at support@foldapp.com.
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