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Coinflash VS Raiz

Compare Coinflash VS Raiz and see what are their differences

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Coinflash logo Coinflash

Automatically invest your spare change into cryptocurrency.

Raiz logo Raiz

Invest spare change automatically from everyday purchases into a diversified portfolio.
  • Coinflash Landing page
    Landing page //
    2021-10-29
  • Raiz Landing page
    Landing page //
    2023-10-20

Coinflash features and specs

  • Automated Savings
    Coinflash allows users to automate their savings by rounding up their daily transactions and investing the spare change in cryptocurrencies, making it easier for users to save without actively thinking about it.
  • User-Friendly Interface
    The app is designed with a user-friendly interface, which makes it accessible even for individuals who are new to cryptocurrency investing.
  • Diverse Investment Options
    Coinflash offers users the ability to invest in a variety of cryptocurrencies, providing diversification options and potentially reducing investment risks.
  • Secure Transactions
    The app employs robust security measures to ensure that users' transactions and personal data are protected, providing peace of mind to its users.
  • Integration with Financial Accounts
    Coinflash easily integrates with various financial accounts, including bank accounts and credit cards, enabling seamless transaction round-ups and transfers.

Possible disadvantages of Coinflash

  • Transaction Fees
    The app may charge transaction or service fees, which can add up over time and reduce the overall savings and investment growth.
  • Market Volatility
    Investing in cryptocurrencies involves significant market volatility, which can result in substantial fluctuations in the value of the investments.
  • Limited Control Over Investments
    Users may have limited control over the specific cryptocurrencies they are investing in, which may not align with their personal investment strategies.
  • Dependency on Financial Integration
    Coinflash's functionality heavily depends on seamless integration with users' financial accounts, and any issues with these integrations can hinder the app's automatic saving feature.
  • Not Regulated
    Cryptocurrency investments are not insured or regulated in the same way as traditional financial assets, leading to potential risks in the event of platform security breaches or failures.

Raiz features and specs

  • Automatic Investing
    Raiz offers an automatic investment feature where spare change from everyday purchases is rounded up and invested, making it easy for users to save and invest without hassle.
  • Easy to Use
    The platform is user-friendly and designed for beginners, providing a simple way to start investing without requiring extensive investment knowledge.
  • Portfolio Diversification
    Raiz offers diversified portfolios comprised of ETFs, giving users exposure to a wide range of asset classes and markets.
  • Accessibility
    With a low initial investment requirement, Raiz makes it accessible for individuals to start investing with small amounts of money.
  • Educational Resources
    The platform provides educational content and resources to help users learn more about investing and personal finance.

Possible disadvantages of Raiz

  • Fees
    Raiz charges a monthly fee which can be relatively high for small account balances, potentially impacting returns for smaller investors.
  • Limited Control
    Users have limited control over the specific investments in their portfolios since investments are made into pre-defined portfolio options.
  • Market Risk
    Investments through Raiz are subject to market risks, and there is no guarantee of returns, which can be a concern for risk-averse individuals.
  • Withdrawal Delays
    Some users may experience delays when withdrawing funds from their Raiz accounts, which can be inconvenient for those needing quick access to their money.
  • Limited Investment Options
    While offering diversified portfolios, Raiz has a limited selection of investment options compared to some other investment platforms.

Analysis of Coinflash

Overall verdict

  • Coinflash can be considered a good service for individuals who are looking to effortlessly enter the world of cryptocurrency investing. Its round-up feature offers an incremental investment approach, making it a low-risk way to start exploring cryptocurrencies. However, users should be aware of transaction fees and the fluctuating nature of cryptocurrency markets.

Why this product is good

  • Coinflash simplifies investing in cryptocurrencies by rounding up your daily purchases and investing the spare change into a selection of cryptocurrencies. It can be beneficial for beginners who want a hands-off approach to gradually build an investment in digital assets without requiring a large initial outlay.

Recommended for

    This service is recommended for tech-savvy beginners in cryptocurrency investing, individuals who want to dabble in crypto without high upfront costs, and those looking for a 'set it and forget it' investment strategy. It's best for users comfortable with the digital landscape and who understand the risks associated with volatile cryptocurrency markets.

Coinflash videos

+ Add

Coinflash App... 1 Month Review! | Season 1 Episode 165

More videos:

  • Review - coinflash.club Review (status waiting) on Earnupdates.com
  • Review - How Coinflash Works and Why It Is Secure

Raiz videos

+ Add

Raiz Invest hands-on review | Micro-investing apps Australia

More videos:

  • Review - RAIZ Investment App
  • Review - Raiz Vs Spaceship Vs CommSec Pocket

Category Popularity

0-100% (relative to Coinflash and Raiz)

Coinflash

Raiz

Crypto
100 100%
Crypto
0% 0
Investing
35 35%
Investing
65% 65
Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Automated Investment
0 0%
Automated Investment
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Coinflash and Raiz

Coinflash Reviews

We have no reviews of Coinflash yet.
Be the first one to post

Raiz Reviews

Compare Clover vs. Raiz
🍀 Clover Raiz Services provided Personal investment plan Socially responsible option Clover has a Socially Responsible option for all the portfolios we offer. Raiz offers a single socially responsible investment option. Investments held in your name Same-day trade verification Goal tracking & reminders Annual personal investment review Transparent fees Requires access to...
Source: www.clover.com.au
5 Australian Investment Apps You Should Know About
One of the leading platforms in automated investment is Raiz, which was formerly known as Acorns before rebranding in April 2018. Raiz is a micro-investing app that automatically invests your spare change into a diversified portfolio of exchange-traded funds (ETFs), making it easy for even the most casual investor to try to grow their wealth.
Source: www.canstar.com.au
Robo-Advisers Australia - Raiz vs Stockspot Vs The Rest
We haven’t mentioned Raiz as a robo-advice company because they miss a key component – the advice. While they have similar investment options and do the re-balancing they won’t tell you where to invest your money but rather you have to choose. One of the advantages of Raiz is they do cater for smaller investment amounts – but be warned; the further your balance slides below...
Source: www.plenty.com.au

Social recommendations and mentions

Based on our record, Raiz seems to be more popular. It has been mentiond 5 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Coinflash mentions (0)

We have not tracked any mentions of Coinflash yet. Tracking of Coinflash recommendations started around Mar 2021.

Raiz mentions (5)

  • People who are 40+, what is your advice to people in their 20s?
    Download an app like raiz. I know it has a US version as I use to use it but cant remember the name. Basically it rounds every transaction you make up to the $1. It puts those few cents into an investment portfolio. Also add $10 or $20 a week if u can. This is child like investment but what it does is force you to put money aside that otherwise you would spend on beer and steam games. Use it as long or short term... Source: almost 3 years ago
  • Where should an absolute beginner go to start investing?
    Hey mate! Take a look at Raiz (find link in comment) They have some free courses on their site, really insightful stuff! Raiz Website. Source: over 3 years ago
  • Couldnt find the Raiz Australia apps to install
    You can follow the app link on https://raizinvest.com.au to take you to the play store. It’s weird it’s not coming up in search. Source: over 3 years ago
  • Complete noob to investing pls help
    You could also look at something like Raiz. Source: almost 4 years ago
  • Can "Putting all the money in a superannuation and forget it" be a good strategy for a financially illiterate person?
    A simple way is to look at https://raizinvest.com.au/ or an even better option would be to option sign up to selfwealth.com.au broking platform and invest in VDHG https://www.vanguard.com.au/personal/products/en/detail/8221/Overview. Source: about 4 years ago

What are some alternatives?

When comparing Coinflash and Raiz, you can also consider the following products

Crumbs - Turn spare change into crypto 🚀🌕

QuietGrowth - QuietGrowth is a digital investment management service or robo advisor. It manages the investments of clients to achieve risk-optimised returns over the long term.

Bundil - Invest your spare change into crypto and other assets 💸

Stockspot - Australia's largest digital investment adviser. We help you build and manage a personalised portfolio tailored to your financial situation and goals. It's professional investment advice without the high costs of seeing a human adviser.

Coinbase - Bitcoin, safe and easy.

Clover - Clover is your personalised investment advisor. We recommend, build and grow your personalised investment portfolio all for a low fee. Try Clover now!

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