Bold is a personal finance platform designed for bitcoin holders, integrating an FDIC-insured checking account with seamless bitcoin trading capabilities. Users can buy and sell bitcoin directly from their dollar balance at low fees and automate savings through recurring purchases. The platform also offers a collaborative custody multisig vault for enhanced bitcoin security.
Funding
Funding not disclosed
Founders
Product
Problem
Many platforms charge fees for buying and selling Bitcoin, reducing the amount of Bitcoin users can acquire. Securing Bitcoin holdings can also be complex, requiring users to manage private keys and navigate the risks of loss or theft.
Solution
Bold provides a platform for users to buy and sell Bitcoin with low fees and secure collaborative custody. Users can purchase Bitcoin and pay zero fees on their first $10,000 of buys, after rewards. The Bold Vault uses a 2-of-3 collaborative custody model, where users hold two keys and Bold holds one as a backup, providing enhanced security against loss or theft while maintaining user control. The platform also supports recurring buys, enabling users to dollar-cost average their Bitcoin purchases automatically.
Target Audience
The primary target audience includes individuals seeking a cost-effective and secure way to buy, sell, and hold Bitcoin, particularly those interested in long-term accumulation and security.
Features
- Zero fees on the first $10,000 of Bitcoin purchases, after rewards
- Low 0.99% fees on subsequent Bitcoin buys and sells
- 2-of-3 collaborative custody using Bold Vault, supporting Trezor, Ledger, and Coldcard hardware wallets
- Automated recurring buys (weekly or monthly) for dollar-cost averaging
- $25 in Bitcoin rewards for new users who buy $100 or more
- Referral program that rewards users with $5 in Bitcoin for every referred friend who funds their account