How Does Saving in Bitcoin with the Littlebit App Work?

Saving with the Littlebit app is very simple. It runs on autopilot.

Whenever you pay with your card, the app applies the percentage you have set and calculates the amount to be "set aside". Once these small amounts accumulate above a certain threshold (CZK 350), which we call a milestone, the app automatically purchases Bitcoin using your connected card. No action is required from you.

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

The funds for purchasing Bitcoin remain with you until the milestone is reached. Only then does the app charge your card for the total accumulated amount and execute the Bitcoin purchase. The Bitcoin is then stored in a secure wallet with us.

The amount counted from a single card payment is capped at CZK 500. For example, if you buy a car for CZK 500,000 and have a 10 percent savings rate, the calculated amount would normally be CZK 50,000. However, since the app focuses on gradual saving from smaller purchases, only CZK 500 will be counted in this case. 

Your card payment appears in the app only after the bank posts the transaction to your account. This may take one day, but in some cases up to five days, and occasionally longer. The timing depends on when the bank and merchant finalize the transaction. 

Everything happens securely, transparently, and automatically. In the app, you can see how much you have saved, when the next purchase will occur, and how the value of your Bitcoin is developing. The entire process is automatic, there is nothing you need to confirm or enter manually. 

You can adjust your savings at any time:

• change the percentage set aside from purchases,

• pause or reactivate your savings,

• add, change, or remove connected bank accounts.

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