Coinbits is a service operated by the Australian-registered company Blockraft Pty Ltd. Its mission is to simplify Bitcoin ownership for everyone through a "set it and forget it" model. The platform functions by rounding up users' daily card transactions to the nearest dollar and investing the accumulated spare change into Bitcoin, a strategy also known as micro-investing or dollar-cost averaging. The service is primarily targeted at individuals looking for an easy, automated, and low-friction way to begin accumulating cryptocurrency without the complexities of traditional exchanges. Blockraft Pty Ltd is registered with AUSTRAC as a Digital Currency Exchange provider.

Founded in

Australia