Wefunder ❤ Bitcoin
This week we launched a new way to make investments in startups: with Bitcoin!
Just like any payment method, you can select or switch to Bitcoin from the invest screen.
From a technical perspective, this was a tricky integration because of our compliance requirements. Big thanks to BitPay and Silvergate Bank for working with us to make this happen!
When you send us money we hold your funds as US Dollars, rather than Bitcoin. This provides the company stability in how much they raise (a funding round is usually open for months) and they don’t have to deal with any cryptocurrency. Refunds get made in the USD-equivalent amount of BTC (priced at when the refund is sent).
So far we’ve seen over $50,000 worth of Bitcoin hit our pipes! Which is pretty good for the first few days. And we’ve gotten a little bit of attention in the cryptocurrency sphere:
- WeFunder Becomes First Equity Crowdfunding Platform to Accept Bitcoin
- WeFunder Equity Investment Gets a Bitcoin Lift
- Airbitz, BitPay, and Wefunder leverage bitcoin and new US crowdfunding regulation
1) These numbers include startups currently live on Wefunder if they pass their minimum target.
2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 187,448 investors who funded 220 startups with over $70.5 million1
View Reg D, A+ and Reg CF Breakdown
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You're the first one here!
Early people don't usually get a prize, so here's a love letter from us.