Today, we’re excited to launch CoinJar’s newest feature for the everyday bitcoin user, Hedged Accounts. Hedged Accounts protect you from fluctuations in the bitcoin price by pegging your bitcoin to AUD, GBP, EUR or USD. They are available to be added to your CoinJar now.
“Hedged Accounts are great for people who want to start out with bitcoin for practical purposes but don’t want to manage it actively or worry about price volatility.”
– Asher Tan, CEO
This new feature is particularly useful for businesses or charities that accept bitcoin as they can make business plans and budget without worrying about its volatility. Hedging their bitcoin gives them the assurance that their funds are stable, without having to transfer it to cash.
How Hedged Accounts work
A CoinJar Hedged Account allows you to hold a variable amount of bitcoins that have a fixed value in terms of an alternative currency (GBP, AUD, EUR, USD). This protects your bitcoin from price fluctuations.
Need help? Read the Frequently Asked Questions article on our CoinJar Support Knowledge Base.