| Website |
https://www.acorns.com |
https://www.coinbase.com |
| Pros |
- Easy to use - Acorns app focuses on the simple user interface.
- Free trades
- Round Up and Invest - With an Acorns debit card, you choose to have transactions rounded up and the difference invested.
- Invests in low-fee, diversified index funds.
- Automated investing approach makes it easy to contribute.
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- Access to Bitcoin, Ethereum, Litecoin, Dash, and dozens of other cryptocurrencies.
- Most trustworthy and long-lasting Cryptocurrency exchange.
- Provides tax documents for cryptocurrencies.
- Allows transferring your cryptocurrencies to a private wallet.
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| Cons |
- Monthly fees range from $1 to $5 a month.
- Retirement accounts require a $3/month fee.
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- Very high transaction fees compared to stock market investing.
- Speculating in cryptocurrencies is dangerous, and can result in 100% loss due to hacked accounts or other attacks.
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| Promotions |
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- Get $10 in free Bitcoin by opening an account with $100.
- Earn up to $40 by going through Coinbase tutorials.
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| Fees |
- $1/month - Lite Plan (Investment account)
- $3/month - Personal Plan (Investment account, retirement account & checking account)
- $5/month - Family Plan (All of the above + kids and advice)
- Additional expenses are in the form of the expense ratio for your chosen investments.
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- $0.99 trade fee for transactions $0-$10.
- $1.49 trade fee for transactions $10-$25.
- $1.99 trade fee for transactions $25-$50.
- $2.99 trade fee for transactions $50-$200.
- 0.50% fee for transactions above $200.
- 1.49% trade fee for transactions from a US Bank Account.
- 3.99% trade fee for transactions from a Debit Card.
- Coinbase’s Fees are far higher than investing in the stock market.
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