How does saving in Bitcoin with the Littlebit app work?

Saving with the Littlebit app works in a very simple way. On autopilot.

Whenever you pay with your card anywhere, the app uses the percentage you have set and calculates the amount it will “set aside” for you. Once these small amounts add up to a certain amount (CZK 350), which we call a milestone, the app automatically buys Bitcoin for you from your connected card. Without any action required from you. Automatically.

For example, if you buy dinner for CZK 500 and have a 10% savings rate set, Littlebit will add CZK 50 to the other saved amounts. These small amounts are continuously added up, and once the total exceeds CZK 350, the app automatically converts the amount from your card into Bitcoin. For instance, if you have already accumulated CZK 340 and an additional CZK 50 is added from your next card payment, the app will make a Bitcoin purchase for CZK 390.

The money for buying Bitcoin remains with you until the milestone is reached. Only then does the Littlebit app purchase Bitcoin from your card for the calculated amount. It adds the first payment that exceeds the milestone to the previously saved payments and uses their total to make the purchase. The app then stores your Bitcoin in a secure wallet with us.

The amount that can be counted from a single card payment is capped at CZK 500. So if, for example, you buy a new car for CZK 500,000, the amount counted without this limit would be CZK 50,000 with a 10% savings rate. However, the app focuses on gradual saving from small amounts, so in this case it will only count CZK 500.

Your card payment will appear in the app once the bank, in cooperation with the merchant, posts the transaction to your bank account. This may take one day, but in some cases up to five days, and exceptionally even longer. Everything depends on when the bank, together with the merchant, posts the payment.

Everything happens securely, transparently, and fully automatically. In the app, you can see how much you have already saved, when the next purchase will take place, and how the value of your Bitcoin is developing. The entire process is automatic, so you do not need to confirm anything or enter anything manually.

You can adjust your savings at any time:

• change the percentage that is set aside from your purchases,

• pause your savings or activate them again,

• add, change, or remove bank accounts from which the app receives information about your payments.

The Littlebit app keeps you clearly informed about every purchase and the progress of your savings. This way, you always know how much you have already saved, how much is about to be invested, and how the value of your Bitcoin is evolving.