Bitfract, powered by ShapeShift, launches the first tool to exchange one crypto for multiple at once.
April 2018 (Austin, Texas): Meet Bitfract, the easiest way to design and invest in a diversified portfolio of cryptocurrencies.
Launching April 1st, Bitfract Beta enables investors to trade either Bitcoin, Ethereum, or Litecoin for up to 62 different coins in a single transaction. Up until now, the process to construct a diversified portfolio required traders to sign up for multiple exchanges for specific coins, manually calculate allocations, and then execute transactions individually. This time-consuming process is complex, error-prone, and expensive. Bitfract streamlines this entire process into a few clicks, effectively saving both time and up to 80% in fees.
From their homepage, Bitfract allows you to select an input coin and a set of output coins. You then specify the percent you would like to allocate to each output coin, along with a destination address to receive the coins. Since Bitfract only requires your public addresses (and never touches your private keys) you are empowered to manage your own assets without trusting centralized exchanges. Bitfract is a decentralized exchange platform, and you can expect to find your new assets in your private wallets within minutes.
“Everyone should have the ability to manage and maintain their own portfolio of digital assets, and our mission is to make this significantly more attainable. We hope you enjoy using Bitfract as much as we do, and we can’t wait to show you what’s next.”- Willy Ogorzaly, Co-founder and CEO.
Bitfract is a proud partner of ShapeShift, the earth’s fastest and safest exchange. Reserve beta access at https://bitfract.com.
To join the Bitfract team, submit an application at https://bitfract.com/careers.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.