Cryptofuse is a new way to participate in the fast-growing cryptocurrency world. Cryptofuse is a unique automated diversified storage solution. When buying something that is high-risk, most people do not have the time needed to do the proper research on exchanges, coins and how to allocate their portfolio. Even when this initial step is done, you must store them securely, rebalance your portfolio regularly, monitor relevant events, and sell when needed.
Cryptofuse is an easier and safer way of doing these tasks. When you buy a Cryptofuse token you will automatically have your wallet diversified across multiple cryptocurrencies and rebalanced as needed monthly.
Both founders have been trading and investing in cryptocurrencies for years. With this experience, one thing was made clear. Many people who are interested in cryptocurrencies do not know how to participate. We wanted to make a place that people could open a “wallet”, and hold several cryptocurrencies that rebalance themselves automatically, all at the same time, even without the owner doing anything. We take the complexity of owning 6 to 15 currencies down to opening a single Cryptofuse account and holding our token.
Securely storing coins is the most important component of owning cryptocurrency. Storing cryptocurrency yourself in a wallet is possible with time, research and effort. But you’re at risk of losing coins from being hacked, phished, or keeping passwords in an unsecure location. Cryptofuse uses “cold storage” security procedures to protect your assets. Cold storage simply means the assets are stored in a completely offline wallet. This eliminates the possibility of being hacked. The only time we are exposed is during the rebalancing period of the portfolio.
We have audited third party asset verification that will be completed on a quarterly basis. The results of these audits will be made public under the asset verification tab at the footer.
We rebalance tokens monthly, on the first of every month. Please note that there could be delays due to congestion in the blockchain, though we will still initiate rebalancing at the same time.
They will be repriced daily around 9 am EST.
To cash in your tokens, you simply need to click this link and send the request. We will have funds available and deposited to your wallet within 24 hours. However, sometimes the process is delayed due to congestion in the blockchain and exchanges. If there is a delay, you will be informed and regularly updated on the process.
Your withdrawal will be in the form of bitcoin that is placed in your wallet.
There is always risk when buying cryptocurrencies. None of us know if they will go up or down. However, if you are considering buying cryptocurrencies, this will help spread your risk across 6 to 15 different cryptocurrencies and allow you to capture the rise of 6 to 15 rather than counting on only 1 or 2 going up. Lastly, we have the added security of holding the currencies offline (except when we are rebalancing the token and cryptofucrriencies held in desktop wallets). Cryptocurrencies are a volatile asset class and you should only put in what you can afford to lose.
There is a 1% withdraw fee to cover the trading expenses the company will incur in order to convert your cryptocurrencies back to bitcoin.
We started Cryptofuse to help the “average person” participate in the fast-growing cryptocurrency market. After answering hundreds of questions about cryptocurrency over the last couple of years, one thing was clear. A lot of people didn’t understand what we were talking about, neither did they want to learn how to do everything involved in opening accounts or wallets and to guess at which currencies they should buy. So, we tried to figure a way to help people do this with less steps involved.
We like to use as few different wallets and exchanges as possible to keep expenses as low as we can. With that said, we look for the best prices we can get as well. We may periodically update this section, so please visit frequently to stay informed. Currently, we are using and plan on using Bitstamp, Coinbase, Kraken, Poloniex, Bittrex, Bitfinex, Exodus, Toast, mSIGNA, Electrum, Trezor, and Ledger Nano S.
They are Bitcoin, Dash, Etherium, Monero, Litecoin, Neo, Augur, NEM, and Ripple. Please check back often as these will periodically change.