Saving with the Littlebit app is super easy. It's on autopilot.
When you pay with your card anywhere, the app uses the percentage you 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 will automatically buy Bitcoin from your connected card. Without your intervention. Automatically.
Your card payment will appear in the app once the bank, in cooperation with the merchant, has posted it to your bank account. This can take a day, but in some cases up to five days, or in exceptional cases even longer. It all depends on when the bank, in cooperation with the merchant, posts the payment.
The money for buying Bitcoin remains with you until you reach a milestone. Only then will the Littlebit app buy Bitcoin from your card for the calculated amount, adding the first payment that exceeds the milestone to the payments already saved and using the sum to make the purchase. The app will then store your Bitcoin in a secure wallet with us.
For example, if you buy dinner for $5 and have a 10% savings rate set, Littlebit will add $0.50 to the other amounts credited. These small amounts are added up continuously, and as soon as the amount exceeds $3.50, the app automatically converts it from your card into Bitcoin.
Everything is done securely and transparently. In the app, you can see how much you have saved, when your next purchase will take place, and how the value of your Bitcoin is developing.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article