A new cryptocurrency investment and portfolio management app for Android and iOS promises to lower both the technological and financial barriers to entry for new investors.

Launched May 7, B21 Invest allows users to easily create and manage their ain portfolio of cryptocurrencies with a minimum fiat eolith of just $25. Coins can be purchased through the app using either bank transfer or carte du jour payment.

Investing in multiple cryptocurrencies, fabricated easy

Once funds are deposited onto the platform, they tin can be used to buy individual assets or be split across a user-defined portfolio. Balances can be adjusted through the app's dashboard, and individual assets tin can be sold and traded at will. B21 Founder, Nitin Agarwal, explained that the company'southward mission is:

"To bring digital asset investing to the mainstream, so everyone can participate in the potential returns without having to deal with the circuitous engineering science typically associated with digital and crypto nugget investments."

Consequently, the app is available across 65 countries and in six languages.

The pocket-sized print

Withdrawals, to a minimum value of $25, can be made for free via ACH bank transfer within the Us. They can besides be made via domestic or international wire transfer, although this will incur a fee.

Planned futurity developments include the introduction of a debit card, to which funds can be transferred and spent, and the possibility to stake avails and gain involvement through DeFi services.

Although the B21 Invest app does provide a smoother onramp for those who may previously take been deterred from investing in digital avails, the flipside of this is that it is a full custodial service. This will not entreatment to those who demand total control of their private keys and wallets, although that isn't really who it is aimed at.

Agarwal told Cointelegraph that he expects about ninety% of users to be first fourth dimension cryptocurrency investors, but that the app likewise has something to offer to those who already concur digital avails.

"Even existing investors can find it complicated to invest using exchanges.  Exchanges are meant for traders while not custodial wallets are meant for tech savvy people who want to hold on to their keys.  B21 is largely focussed towards the people who desire to invest simply not worry virtually managing keys or get lost in the complicated feel of the exchanges."