How it works?
Wyzebee was created so anyone can start saving in Bitcoin or other popular digital assets.
Last updated
Was this helpful?
Wyzebee was created so anyone can start saving in Bitcoin or other popular digital assets.
Last updated
Was this helpful?
Starting a subscription plan is very easy, and requires 4 steps:
Choose a monthly plan
Receive payment instructions
Start accruing crypto assets
Repeat each month
Our worker bees don't speculate. Each month, your payment is transferred to accounts of our exchange partners, where small daily buy orders of your selected crypto are evenly scheduled for the coming month.
We only hold your accrued digital assets for the currently active month. Once the month is over, your crypto shall be automatically transferred to your registered wallet.
Example:
Subscriber pays on 18.2.2020
Payment is received before 25.2.2020
Subscription is active for March 2020
Your Bitcoin is transferred before 10.4.2020
When you initiate a subscription, we ask you to provide your crypto wallet address. Your wallet address is unique and only you are able to access it. If you need a reliable wallet for your phone, we recommend , one of the most trusted & secure crypto wallets for your mobile phone.
In order to use digital assets e.g. Bitcoin, a wallet is the first thing you need. Not only is a wallet required to store your coins, but also to perform any transfer of funds. All wallets uses pairs of keys: public keys, which are public and used for identification, and private keys, which are used for authentication and encryption, and as such need to stay private.
A custodial wallet is a wallet in which your private keys are stored by a third party. This means, you do not have full control over your funds, which exposes these wallets to risk, as the third party might get hacked or fail as a business.
Non-custodial wallets, on the other hand, allow you to fully control your funds and therefore are more secure. You are responsible for keeping your password and recovery phrase secure because any truly noncustodial wallet will not store this information. Non-custodial wallets may be web, paper, mobile, desktop, and hardware wallets — as is the case with custodial ones.
Coinbase Wallet is one of the most secure non-custodian wallets on the market. Designed to safeguard popular cryptocurrencies like , , , , and many more.
Doing this by yourself is a tedious task, and even impossible to do if you plan to put aside less than 500€ each month. The main reason is exchanges set minimums for crypto currency purchases to anything between 20€ and 50€, meaning one would have to buy at least 600€ each month, an amount many can not afford to save in a speculative digital asset.