Does anybody use Bamboo an app which buys crypto or gold and silver for you from money rounded up from spending?
The part that worries me is they have access to your bank account to round up your spending and transfer the money over. Is it safe? Here is the link:
pandas think so
pandas think so
no, no no… its "what does ChatGPT say?"
Is Bamboo (Crypto Investment App) Legit?
As of my last knowledge update in September 2021, I do not have specific information about a crypto investment app called "Bamboo." It's important to exercise caution and conduct thorough research when considering any cryptocurrency or investment app. To determine whether Bamboo or any other crypto investment app is legitimate, you should consider the following steps:
Check the Official Website: Visit the official website of the app and look for information about the company, its team, and its regulatory status. Legitimate companies typically provide this information openly.
Reviews and Ratings: Read user reviews and ratings on trusted app stores and review websites. Look for feedback from other users about their experiences with the app.
Regulatory Compliance: Ensure that the app complies with the regulatory requirements of your country or region. Different countries have different regulations regarding cryptocurrency apps, so it's important to confirm that the app is operating legally.
Security: Evaluate the security measures implemented by the app to protect user funds and data. Look for features such as two-factor authentication, cold storage for funds, and encryption.
Customer Support: Contact customer support to ask questions and gauge their responsiveness. Legitimate apps typically have responsive and helpful customer support.
Community and Social Media: Join relevant cryptocurrency forums and social media groups to see what the community is saying about the app. Be cautious of potential scams or fraudulent reviews.
Red Flags: Be wary of any app that promises unrealistic returns or uses aggressive marketing tactics. Additionally, check if there have been any reported scams or fraudulent activities associated with the app.
Verify Ownership: Ensure that the app is owned and operated by a reputable company with a clear track record in the cryptocurrency space.
Start Small: If you decide to use the app, consider starting with a small amount of funds to test its reliability and functionality before investing a significant amount.
Please note that the cryptocurrency space is known for its high risk and volatility. There are both legitimate and fraudulent projects and apps in this industry, so it's crucial to exercise due diligence and make informed decisions. Additionally, the status and reputation of cryptocurrency apps can change over time, so it's a good practice to stay updated with the latest information and reviews from reliable sources.
Sounds like overpaying for an asset, while increasing the risk of access to your bank account, and doing nothing you couldn't do yourself with regular weekly/monthly buys in a more controlled, cheaper, and trackable method.
There's thousands of these Fintech start-up get-rich-quick schemes out there. Not worth the risk and certainly never giving access to bank account to any of them. That's a huge red flag.
Crypto + Investment = probably scam.
lmao
😂
Have you read the legal and RDS and other docs on the web site?
Did you understand them?
No.
Hire a lawyer to answer your questions.
If I bough†gold or silver I would buy it physical, so I can have fun fondling it every night like a gold obsessed pirate. Same with crypto.
Same with crypto
Fondling cold wallets / harddisk drive ?
I’ve got it but didn’t do the round up and stopped the recurring deposits as their fees are too high.
Just get any random bank that lets you round up transactions and buy ETFs with it.
Or, if you feel like it's money you wouldn't miss but you'd like the chance to be rich, lotto tickets. Probably better odds than crypto right now.
If you don't hold the keys, you don't hold the coin.
Crypto is full of scammers, unless you know what you're doing (which if you're asking here, you don't) then steer clear.
Like freefall has suggested - get some ETFs. May be able to get BTC ETFs in the near future if you want to speculate on crypto without actually owning the underlying asset…
I just don't like the idea of it. I much prefer to buy when the price is low, and spend it when it's high as a form of take profit. I use Cryptospend to do this with BTC. I don't use, but I've heard of Glint which is similar, but for gold.