This article explains how to purchase and sell CoinJar Bundles. For information regarding the core concept of CoinJar Bundles, please visit this article.
Purchasing a bundle
Purchase the bundle by following the below steps:
- Select the bundle you wish to buy
- Review the contents of the bundle and its allocation type
- Tap on 'Add funds'
- Select 'Add funds instantly'
- Select a Payment method
- Enter the total amount in EUR you wish to invest in the bundle using the provided keypad
- Carefully review the provided quote and all relevant information
- Confirm your purchase
Warning
Tapping 'Add funds to bundle' will automatically create a Bundle account even if you do not finalise the purchase. The bundle will also be shown under the 'Your bundles' section instead of the "Available bundles' section.
Adding funds to an existing bundle
- Select the bundle you wish to top up from the 'Your bundles' section
- Tap on 'Add funds instantly'
- Select a Payment method
- Enter the amount in EUR you wish to add to the bundle using the provided keypad
- Carefully review the provided quote and all relevant information
- Confirm
Rebalancing a bundle
You can rebalance your portfolio to maintain an original or desired level of asset allocation or risk with a click of a button.
Please note: A rebalance is made available only if there is a material change in crypto allocation
Using the rebalance feature is an irreversible action, which will swap the minimum amount of tokens necessary to match the target allocations.
And the best part is that the CoinJar fee will apply only to token to token conversions made, rather than being applied to the entire balance of tokens within a Bundle.
- Select the bundle you wish to rebalance
- Tap on Rebalance available
- Select Rebalance bundle
- Select Rebalance
- Carefully review the provided quote and all relevant information
- Confirm
Bundles with a proportional allocation: “Rebalance” will perform the necessary conversions to bring allocation back to the target allocation, as prices of different cryptocurrencies change. The opportunity to rebalance depends on the relative prices of the assets.
Bundles with a cap adjusted allocation: “Rebalance” will add/remove tokens to match the latest version of the bundle available on CoinJar, without the need to sell and buy again. This will also update the allocation for future funds added into the bundle.
Capital Gains Tax might apply to assets sold as part of the re-balancing process.
Unbundling an existing bundle
Unbundling to your cryptocurrency accounts
Emptying a bundle that you own is known as emptying your bundle or 'unbundling'. This is an irreversible action that transfers the balances of each currency in a bundle to their respective accounts within your CoinJar without selling your assets.
- Select the bundle you wish to empty
- Select ‘Withdraw’
- Select ‘Unbundle’
- Select ‘Confirm’
Selling a bundle
Selling a bundle is an irreversible action that converts the balance of all cryptocurrencies within your bundles into fiat currencies. Capital Gains Tax might be payable.
You can also choose to fully or partially unbundle and have the funds added to your nominated fiat account. This is an irreversible action that converts the desired value of a bundle to your fiat currency of choice.
- Select the bundle you wish to empty.
- Select ‘Withdraw’
- Select ‘Sell’
- Select your desired fiat currency
- Choose an amounts and select ‘Next’
- Select ‘Confirm’
For information regarding the core concept of CoinJar Bundles, please visit this article.