RoundlyX Review: The Industry’s Best Roundup Tool For Crypto

July 8, 2021
RoundlyX Review Homepage

RoundlyX is a roundup tool and portfolio aggregator that allows you to invest your spare change in cryptocurrencies and digital assets every time you make a purchase from your bank account or credit card. It rounds up your everyday purchases to the nearest dollar and invests the remainder in the digital assets you choose.

With its God-like portfolio view, a proven investment thesis, and an extremely secure platform, RoundlyX is a valuable tool for both investing newbs and professionals alike. If you’re looking for a great, easy way to passively invest in crypto, we highly recommend RoundlyX.

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What Is RoundlyX?

Founded in Richmond, Virginia in 2017, RoundlyX takes your everyday purchases, rounds them up to the nearest dollar, and invests that spare change into Bitcoin and other digital assets of your choice. It’s both a roundup tool and a portfolio aggregator, solving two of the major problems cryptocurrency investors face: heightened exposure to volatility and disorganized portfolios.  

At the time of this writing (July 2021), RoundlyX is only available to US residents. However, they have plans to expand across Europe, ideally by the end of this year. They also plan to reach 50,000 users by the end of this year, continuing their rapid growth through 2022 and beyond. RoundlyX has said that it aims to be the of digital assets, giving users a secure, easy-to-use space to manage and invest their digital assets.

How RoundlyX Works

RoundlyX is a great way for beginner traders to get their feet wet with digital assets. Here’s exactly how it works:

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  1. RoundlyX rounds up every transaction you make with the card you link to your account. For example, if you buy a sandwich for $3.25, it will round up the other $0.75 and hold that in your balance.
  2. Once you’ve made enough purchases to reach a certain threshold (eg. $11), RoundlyX will automatically place a market buy order for you on whichever exchange you have connected to your account. You can choose the roundup asset you want to buy (Bitcoin, Ethereum, etc.) from a selection of more than 50 assets (whichever assets your preferred exchange supports).

If you connect multiple exchanges to RoundlyX, you have the option to round up into different assets on those different exchanges. For example, you can round up into Bitcoin on Voyager and Ethereum on Coinbase at the same time. If you want to connect multiple exchanges for the portfolio view but only want to round up into a single digital asset, simply turn roundups off for the exchanges you don’t want to use.

Here’s how your RoundlyX dashboard looks today:

Here’s what RoundlyX will look like after its upcoming redesign:

What Is Dollar-Cost Averaging?

Dollar-cost averaging (DCA) is an investment strategy where an investor divides up the total amount to be invested across multiple purchases in an effort to reduce the impact of volatility on the overall purchase price. It’s a common practice amongst experienced stock investors that’s praised by the likes of Warren Buffett and Charlie Munger.

Dollar-cost averaging into cryptocurrencies has historically been difficult: because DCA requires making small purchases at regular intervals, manual execution and transaction fees make it both tedious and costly to do. RoundlyX simplifies the process of averaging into a Bitcoin price or Ethereum price target, and has finally brought dollar-cost averaging to crypto.

Features Of RoundlyX

Automatic Roundups

RoundlyX’s core feature is rounding up your purchases to the nearest dollar and investing the difference into digital assets. You do have some flexibility over how those roundups work, though.

You can choose the assets you invest in: whether you only want exposure to Bitcoin or a diversified portfolio of many crypto assets, the choice is yours. RoundlyX offers more than 50 digital assets to choose from, and is adding more on a regular basis.

If you want to invest more quickly, you can also add a roundup multiplier. For example, if you opt for a 2x multiplier, rather than investing the remaining $0.40 on a $8.60 purchase, you would invest $0.80—or even more, depending on the multiplier you select.

If a roundup multiplier still isn’t enough, you can also set up additional recurring purchases (eg. twice a month) or quick buys to purchase digital assets on the spot. These purchases are made on the exchanges you’ve connected to your account, with RoundlyX as the interface that makes it all seamless.

If you want to reduce your purchases, your roundups and recurring purchases can be paused or resumed at any time.

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A Single Crypto Dashboard 

With RoundlyX, you can connect all of your other crypto wallets and balances and view them in the same place. No more signing into 10+ accounts just to track your holdings: instead, you can see them all in one place without any security risk.

Not only does this make checking your balances far easier, but it also makes all of your accounts more secure. By logging into your exchanges and wallets less and leaving a smaller digital footprint, you reduce the chances of making sloppy mistakes or getting hacked. 

Top-Level Security

Unlike an exchange, RoundlyX does not hold your assets, which means if a hacker got access to your account, they would not be able to steal anything. By design, only purchases can be made from within your account—there is no ability to sell or transfer assets. Your assets are all still stored in your existing exchange accounts (Coinbase, Kraken, Voyager, Okcoin, etc.), but you get all the benefits of RoundlyX, too.

RoundlyX Security

As for bank account integrations, they use Plaid, the same provider major brands like Coinbase, Venmo, and American Express use to safely connect checking and credit card accounts to financial applications. RoundlyX never receives access to your financial institution's credentials, so it can never save, store, or share that data with anyone.

RoundlyX is also working on API integrations, which will allow for portfolio tracking across all crypto exchanges. Here are the exchanges RoundlyX currently supports, with new partners being added regularly:

Full roundup/purchasing functionality
PrizeoutFull roundup/purchasing functionality
KrakenPortfolio aggregation only (no roundup/purchasing functionality yet) 

Limited Volatility

By spacing your purchases out over time, RoundlyX offers less exposure to market volatility and makes better long-term investment decisions on your behalf. By leveraging the power of dollar-cost averaging and not trying to time the markets, you’ll build wealth responsibly with far less downside risk.

Automated Diversification

When you manually buy crypto, you need to make a decision: should I buy the same coins I already hold, or something else? That decision is taxing, and the friction it presents causes most of us to fall into old habits and buy the same assets we’ve been buying for years.

With RoundlyX, though, diversifying your portfolio is as simple as ticking a couple of boxes. Once you’ve selected the assets you want to purchase, RoundlyX will buy them in the background over time, automatically diversifying your portfolio and reducing your downside risk in the face of market fluctuations.

RoundlyX Exchanges

Passive Investment

By investing your capital in the background, RoundlyX removes you as a barrier to your own investing goals. Even if you forget about investing completely, you can still enjoy the passive income that comes along with watching your digital assets grow.

RoundlyX Pricing

RoundlyX costs just $1 per month with no long-term commitments, so you can cancel your account at any time.

Sign up with code YOREOYSTER for $4 in BTC after your first roundup.

How To Get Started With RoundlyX

Getting started with RoundlyX only takes about 5 minutes. Here’s how to do it:

  1. Sign up at Name, email, password: the usual stuff.
  2. Connect your bank/card account via Plaid: Take a minute to connect all of the bank accounts and/or credit cards you want to round up your purchases from. These are connected with bank-level security via Plaid’s API, and RoundlyX never receives access to your financial institution's credentials, so it can never save, store, or share that data with anyone.
  3. Connect your cryptocurrency exchange account: Coinbase, Kraken, Voyager, Okcoin, etc. RoundlyX never has access to the assets in those accounts, so your holdings are completely safe.
  4. Make a purchase: Every time you buy something, RoundlyX will round up your purchase to the nearest dollar. Once your roundups accumulate to a certain preset level, it will automatically purchase the cryptocurrency of your choice.
  5. Track your roundups: Roundups will appear in your Roundup Tracker as you make purchases with your connected bank account or credit card. Once the threshold of accumulated roundups is reached, a purchase order will fire for your chosen asset (Bitcoin, Ethereum, Dogecoin, etc.).

Can I Trust RoundlyX?

RoundlyX has proven that they’re a trustworthy financial service, but don’t take my word for it. Here are a few other indicators of their integrity:

  • RoundlyX was a member of the 2020 cohort of well-renowned B2B-focused startup accelerator Pax Momentum.
  • Its investors include the government-backed Center for Innovative Technology in Richmond, Virginia.
  • It has been praised by many major publications, including Cointelegraph, GlobeNewswire, and Bloomberg

In Summary

RoundlyX offers a surprising amount for its low price of just $1/month. It allows users to passively invest in digital assets, and aggregates all of your exchanges and wallets into a single, easy-to-navigate dashboard. If you want to ramp up your crypto investments, you can do so with roundup multipliers and recurring purchases. Even news and market analysis is provided, making it a one-stop shop for your crypto needs.

With its God-like portfolio view, a proven investment thesis in dollar-cost averaging, and an extremely secure platform, RoundlyX is a valuable tool for both investing newbs and professionals alike. If you’re looking for a great, easy way to passively invest in crypto, we highly recommend RoundlyX.

Sign up with code YOREOYSTER for $4 in BTC after your first roundup.

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