How to Get Started and Earn Using Bamboo Investment App

In today’s review, we will be talking about how to get started and earn Via Bamboo Investment App. We will be reviewing all you need to know regarding the Bamboo Investment App

There are many who are still ignorant of the Bamboo Investment App, some see it as a betting platform, while others see it as an app for crypto

For clarity, Bamboo is a digital platform that gives you access to buy and sell stocks in the U.S market (virtually) without having to travel. This app gives you the opportunity to over 30,000 stocks on the U.S stock exchange market.

Is that not fantastic? In the comfort of your home, you can have access to more than 30,000 U.S stocks, in the prestigious US Stock Exchange Market.

This is very much possible using the virtual platform on your smartphone and personal computer while sipping a cup of tea in the comfort of your home

The Bamboo Investment App came into Nigeria in 2019 and Nigerians have been using the great opportunity to access the US shares of different US Companies like Facebook, Google, and other giant companies.

Let’s dig deep into the Bamboo Investment App

How to invest in Bamboo Investment App

To invest using the Bamboo Investment App is a smart way of putting your money into good use, the very first thing you need to do is to:

Visit your play store, search for Bamboo App on both Android Or Apple Store for iOS devices

Download, Install and open the App

Create an account for yourself by filling out the application form with the right info.

Do note you will need to verify your info with your BVN

Within an hour or less, an email notification will be sent to you, confirming the approved application

The next step is to fund the wallet with money, there are directives as to the minimum amount to invest

That money or fund in your wallet will be used to buy and sell shares easily.

The minimum share price on the bamboo investment app is N15,000 in any of the US companies you want.

There are analytic tools on the app that can help you keep track of your investments.

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How to Sign Up or Create an account with Bamboo

To create a Bamboo investment app and account, follow these steps;

Go to the Bamboo app website app.investbamboo.com

Click the “Sign Up” button

You will need to fill out the form with the right details

Submit

How do I buy Stocks of Bamboo?

Buying stocks on the bamboo investment app is easy, here’s how to buy a stock:

Click on the stock you are interested in

Tap Buy

Select your preferred buy option

Input your order details

Tap Review Order

Tap Buy

Requirements to join Bamboo?

The following the important to joining the Bamboo investment app

You must agree to the terms and conditions of the platform in case of investments risks

You are responsible for the security of your account password and must notify bamboo in case of a security breach

Your account must not be sold or transferred out to another person in case of fraud risks

And finally, you must invest wisely using the right strategies

Must be age 18 years and above

You must provide correct personal information and verify with your ID

You must not use any existing email address or username of an existing account on the platform

How long can I hold my investments with Bamboo?

You can hold on to your US assets on the Bamboo investment app for as long as you want. You can sell off your stocks on Bamboo anytime you decide to.

FAQ On Bamboo investment app

What are the interest rates on Bamboo?

This totally depends on your personal decision on the company to invest in. The better the company you invest in the higher return on investment you receive at the end.

It is also good to know that your un-invested money/fund in your bamboo wallet will earn you an interest of about 0.05% per annum which is better than that of banks.

Can I own multiple assets on Bamboo to diversify my portfolio?

Yes, you can.

However, for now, you can only buy US Stocks and ETFs but soon you will be able to purchase units of a dollar-denominated mutual fund and Eurobonds. All at the same time.

Bamboo provides access to global and foreign-currency-denominated investment options for Africans.

How much does Bamboo Charge on Deposit and Withdrawal?

Bamboo investment app does charge on deposits and withdrawals. Here is a quick overview of all the charges on Bamboo.

Deposit Charges

Naira Card:

The charge with the Naira card option is 1.4%.

The charge is capped and will not exceed ₦2000.

Naira Mobile Bank Transfer:

The Naira mobile bank transfer option has a flat rate of ₦150 regardless of the amount being deposited.

USD Card:

The charge with the USD card option is 2.9%.

Barter Transfer:

When using the Barter option, you will be charged a 1.4% fee on the amount you deposit. The charge is capped and will not exceed ₦2000.

Naira Internet Bank Transfer:

The charge with the Naira internet bank transfer option is 1.4%.

The charge is capped and will not exceed ₦2000.

Instant Deposit:

There is an additional fee of 0.1% on instant deposits,

A minimum fee of $1

A maximum fee of $10.

This means that if 0.1% of the amount you are depositing is more than $10, the extra fee will be $10.

However, if 0.1% of the amount you are depositing is less than $1, the extra fee will be $1.

The instant deposit fee is an additional fee to the already existing deposit fee for each payment method above. E.g. the Naira bank transfer fee is ₦150.

If your instant deposit fee is $1 at an exchange rate of ₦480 for example, and you choose the Naira bank transfer option, you will pay a total deposit fee of ₦630.

Trade Fee

They charge a 1.5% commission when you buy and sell stocks on the U.S. stock markets.

You can hold stocks for as long as you like and you will not be charged for holding stocks or leaving funds in your Bamboo wallet.

Withdrawal Fee

Withdrawal fee:

₦45 to Naira bank accounts

$45 to USD bank accounts.

Taxes

There is a 30% WHT (Withholding Tax) on dividends, which is a mandatory tax taken by the U.S. government for individuals buying stock outside of the U.S.

To contact bamboo customer care support follow the below:

Phone number: 018880295

Website: www.investbamboo.com

Email: support@investbamboo.com

Address: Plot 1, Block 22, Babatunde Anjous Ave, Lekki phase 1, 106104, Lagos.

How to Get Started and Earn Using Bamboo Investment App