In exciting news, you can now invest in the U.S. markets from almost anywhere in the world with just your debit card. This is a big change for non-Americans and a huge development for iBillioniare. In fact, iBillionaire is the first investment app that allows anyone in the world to invest with their debit card – this is great news!
Yet for many of us, it can be hard to even get starting investing online because of some of the fears we have over investing through the internet. Well, we’re here to crush those investing fears and show you how, and why, you should get started with us today.
Debit card investing is one the the safest ways to invest online
Many people are concerned about giving away too many personal details online, and rightly so. It can be a hard choice to decide where to invest money online.
So, why is investing with your debit card through iBillionaire one of the safest ways to invest online? Here at iBillionaire, security is a big priority for us. In fact, it’s the biggest. That’s why every iBillionaire account is insured up to $500,000 by the Securities Investor Protection Corporation (SIPC).
Better yet, by just linking your debit card on iBillionaire your bank account isn’t exposed to the same risk as uploading all your personal details.
While we do have to take some of your data, any sensitive information that you give to us is fully encrypted and securely stored with our bank-level algorithms. We only take the minimum data required and always put you in control of what you do, or don’t, send to us.
We know you value your online safety, and we do, too.
Taking care of your biggest fears
One of the biggest worries of investing through an app is that you’ll lose money. That’s why we want to teach you to understand how the markets work through our learn blog here, to help you make the right decisions for your situation.
These are both excellent for beginner (or even experienced) investors who aren’t sure how to allocate their money. These handy resources looks at factors such as your age and risk tolerance, so can be tailored to your unique financial situation.
Building trust through transparency and simplicity
Investing often seems complex, but it doesn’t have to be. Through everything we do at iBillionaire, we want to be transparent about our methodologies and costs. That’s why our app is simple and our pricing is straightforward.
We want to make sure you have a good understanding of where your money is going and how the whole process works. Investing with your debit card through our investing app is really flexible: you get to decide which stocks and strategies to place your hard earned money and if and when to withdraw your funds.
Regular investing adds an extra safety blanket for loss aversion
In addition to our transparency, by using our automatic investing feature you can even take advantage of dollar-cost averaging. This is a safer long-term strategy because you aren’t timing the market. Take a look at this article to show you why.
Dollar-cost averaging, when done over the long-term, is one of the easiest ways to build up an investing portfolio and avoids the need for risky decisions. By making fewer risky choices, you decrease the likelihood of huge losses.
What do I need to get started?
Like our whole philosophy, our setup process is really straightforward. That’s why to set up an iBillionaire account you only need a few things:
- The iBillionaire app
- Your debit card
- For additional security, a photo of a bank account statement
- A photo of your ID
That’s it. You can do it all on the app and it’s so easy and you can be up and running in a few minutes.
You don’t need to be rich to get started either; just $10 a week can go a really go a long way. For example, if you had invested $10 a week 25 years ago, based on the historical market returns your savings would now be at $47,602. This is versus $13,430 if you had just kept the cash over that same period. That’s some serious growth!
How to set-up your iBillionaire account
First steps first, you will need to open up an account on iBillionaire.
Don’t worry, it really only does take 5 minutes. Here’s a simple step-by-step guide.
Next, if you choose, you can safely link your iBillionaire profile to your bank account via secure, trusted third party providers. If not, you can also choose to fund your account via your debit card. Here is a step-by-step guide to link your account and buy stocks online with your debit card. It’s also at the bottom of this article.
One-off payments or regular small amounts – it’s up to you
The app gives the flexibility to make the best decisions for you and allows you to build a portfolio that suits your personal situation.
You can either choose to invest a one-off lump sum, or at regular intervals:
- One time: Invest a large lump sum of money just once.
- Regular intervals: Use the automatic investing tool to schedule regular payments from your account. It’s easy and takes the hassle out of saving.
Either way, you can use your debit card to buy stocks online, safely and securely and at a pace that suits you.
Whether you choose to take advantage of dollar-cost averaging or just to invest a one-off amount, at iBillionaire, you’re in the driver’s seat, and always will be.
It’s safe, easy and straightforward. Install our app and start investing today!
How to Upload your Debit Card & Buy Stocks...
...From anywhere in the world! Once you create an account on iBillionaire, it's easy to link your debit card and start investing with just $5. You can link a debit card from just about anywhere in the world!
Click on "Settings" in the Android App.
Scroll to "Payment Methods" and click on it.
Select "Debit Card"
Select "Add Debit Card"
The debit card reader can pull your info automatically
Next, your camera will open and you'll see a screen with an option to fit your debit card in the designated rectangle. The debit card reader can pull your information from your card automatically, so you don't have to write it out. If it doesn't work, just hit "Keyboard" to enter your info by hand.
If the debit card reader didn't automatically pull your info from your card, enter it here. Then click "Take A Picture."
Glide your finger on the screen to white out sensitive info
White out everything but the last 4 digits of your card & your name
Confirm all of your info is correct
And that's it! Your debit card should be verified within the next day or two, at which point you can start investing!