We are introducing another innovation that will further enhance your Fumbi experience and help you realise the enormous potential of the cryptocurrency market.
From now on, you can respond to market movements faster than ever before and seize the perfect moment to invest in Fumbi products. You can easily deposit funds into our latest addition – Fumbi Credit, at any time, and when you think that the right time has come to invest, you place an order and send your credit to any product. At the same time, thanks to the credit system, you can quickly transfer your funds between individual products without having to send funds to your bank account. Depositing and withdrawing euros to Fumbi Credit is free.
The cryptocurrency market has huge potential and is growing every year. While its capitalisation was just €670 billion at the beginning of 2021, it rose by 186% over the twelve months to a year-end level of €1.928 trillion.
The cryptocurrency market is volatile, and it’s something to be prepared for. When prices are lower may be the right time to buy more cryptocurrencies, and Fumbi Credit will allow you to respond quickly. It is also important not to rely on a single cryptocurrency and to invest in a broader, expertly compiled portfolio, such as our Fumbi Index Portfolio.
With Fumbi, Your Profits Can Be Even Higher
Our Fumbi Index Portfolio of over 20 top cryptocurrencies, managed by a sophisticated Fumbi Algorithm to replicate the growth of the entire market, has brought users up to twice as much profit in 2021 as investing in bitcoin alone. Bitcoin yielded investors a profit of 62.34%, while the Fumbi Index Portfolio achieved 146.23%. You, too, can now capitalise on the potential of the cryptocurrency market and invest in Fumbi products faster than ever before.
* Deposit and withdrawal to Fumbi Credit in euros are free of charge. The use of funds from the Fumbi Credit for the purchase of cryptocurrencies in individual products is charged according to the price lists of the given products. You can see the current price list here.
Top up your Fumbi Credit with a sum starting at €50, and be ready with us for the movements in the cryptocurrency market.
A team of experts at Fumbi is constantly analysing current developments in the cryptocurrency market and working hard to bring you only the best. That is why, after another three months, we have updated the assets in our flagship product Fumbi Index Portfolio. We have added new assets with high technological and growth potential and removed those that no longer meet our criteria, and their activity has been lower in recent months.
Diversification of the Investment Portfolio Is the Key to Success
In the investment practice, diversification is considered the most optimal solution for reducing investment risk. Diversification is a method by which an investor distributes his capital among several assets as individual assets react differently to changes in market conditions.
In the case of volatile markets, including the cryptocurrency market, diversification is essential. Investing in only one cryptocurrency can generate 100% of profits but also 100% of losses. However, if you invest in a comprehensive portfolio, the risk of failure and loss of your funds is significantly lower.
Furthermore, an actively managed and diversified investment portfolio that mimics market developments provides investors with the opportunity to generate higher returns on multiple assets, as opposed to investing in a single asset, where the risk of loss is much higher.
At Fumbi, we provide you with the option of regular monthly investments in a dynamic, rebalanced investment portfolio through our Fumbi Index Portfolio product with a deposit of as little as €50.
Which Cryptocurrencies Did We Add to Our Portfolio?
We carefully analyse the cryptocurrency market’s current situation for you daily to add new assets with high growth and innovation potential. During the June update, we added the following assets to our portfolio:
Maker (MKR) – Maker is a pioneer and currently the leading platform in decentralised finance (DeFi). Its decentralised autonomous organisations control Dai’s stablecoin and manage its risk parameters.
Which Cryptocurrencies Did We Remove From Our Portfolio?
The portfolio update also includes the elimination of cryptoassets that no longer meet our strict selection criteria. We have also decided to eliminate some cryptoassets due to low activity or market return in recent months.
The removed cryptocurrencies are:
A few weeks ago, we also delisted the cryptocurrency Terra (LUNA) from our Fumbi Index Portfolio, which fell victim to a coordinated attack, and its price fell by more than 99%. Fumbi responded to this situation immediately by removing this asset from our product portfolio. If you’ve missed the situation with Luna and the stablecoin TerraUSD, you can read more about it in our blog post.
Four Important Tips to Help You Manage Your Investments Effectively
Set your investment goal – Keep in mind that investing in cryptocurrencies is not a way to make a quick fortune. It is important to perceive investing in cryptocurrencies instead as a long-distance run. Therefore, it is essential to set your own investment goals, which you will firmly follow. For example, when investing in cryptocurrencies, it is a good idea to plan an entry (buying) point and an exit point (the point at which you will sell assets) and stick to these points. Investing with a predetermined goal can help you manage price fluctuations in the market more easily.
Emotions aside – The lack of knowledge and investment experience causes many investors to sell their investment portfolios in panic under the influence of emotions, even when their investment is down. Don’t let emotions influence your investment decisions. Being a successful investor does not mean getting rich in a day but building wealth based on rational and systematic investment. You can read more about how to respond to market movements in this article.
Avoid the FOMO effect – FOMO is an effect caused by the fear of missing out on a once-in-a-lifetime investment opportunity. Investing under the influence of the FOMO effect can force you to buy cryptocurrencies that you would normally ignore. The same is true of the sharp rise in cryptocurrencies, where the fear of missing out will cause you to buy cryptocurrency at its peak. Avoid the FOMO effect and instead invest regularly and long-term.
Long-term investing is the way – Investors should not enter the market just because of quick profits or short-term speculation. The ever-evolving cryptocurrency technology is still under development, but with increasing adoption, more and more investors from traditional financial markets can be expected to be interested in cryptocurrencies.
How Do We Select Cryptocurrencies?
At Fumbi, we follow strict rules for selecting cryptocurrencies that enter our portfolio. In addition to formal criteria related to liquidity, market capitalisation or custody, assets must have strong fundamentals in three categories, which we identify as key to the market: payment systems, decentralised finance, and Web 3.
To deliver the crypto even closer to you, we bring you the long-awaited Fumbi application! You will be able to capitalise on the potential of the crypto at any time.
In the new Fumbi application, you will find everything you need. You can easily invest your finances in any product and withdraw them just as easily. All you have to do is select a product and a payment method and make a deposit of at least €50.
You will always have your account overview, the status of individual products, and an overview of the current prices of individual cryptocurrencies at hand.
With Fumbi, you can capitalise on the potential of cryptocurrencies easily, safely, and effectively. You can choose from these products:
With the Fumbi Index Portfolio, you invest in the entire portfolio of top proven cryptocurrencies. Figures from 2021 confirm that investing in our portfolio, compiled by experts and managed by the Fumbi Algorithm, brings users greater returns than investing in bitcoin alone. You can read more here.
You can also easily invest in the Fumbi Custom product, where you can choose individual cryptocurrencies at your discretion. We have expanded our portfolio, so you currently have a choice of Bitcoin,Ethereum,Polkadot, Cardano, Terra, and Avalanche.
Currently, many users are expanding their investment portfolios with our product, Fumbi Bitcoin and Gold. Bitcoin, a cryptocurrency with high growth potential, is stabilised by conservative gold. This is achieved by simultaneously investing in the cryptocurrency PAX Gold, backed by real gold.
Legal entities and companies can invest with us in theFumbi Business Choice product that works on the same principle as the Fumbi Custom. Investing in cryptocurrencies may be even more beneficial for legal entities than individuals. Read more in this article.
Download the beta version of the app to your phone and capitalise on the potential of cryptocurrencies anytime, anywhere.
We tested our website’s security. You can always rely on us to keep safe the data and information you share with us.
Certified cybersecurity experts Citadelo prepared simulated hacker attacks and tested the security of our systems. Citatelo was founded by a group of ethical hackers who expanded their team with experienced IT experts. Currently, there are over 30 them, and they operate in Slovakia, the Czech Republic, and Switzerland.
The Citadelo experts hit our systems with various penetration tests. The goal was to try various hacker attacks and look for ways for potential attackers to get sensitive information or prevent the proper functioning of Fumbi. We successfully passed all tests, and what’s more, we further improved our security by adding new innovative security solutions.
We also performed an independent security audit of AWS security in May 2022 after the successful migration of our website to verify that the current version also meets all security criteria.
At Fumbi, security is a priority. It’s not just about our website but also the storage of your cryptocurrencies. All cryptocurrencies that you purchase through Fumbi are in your direct possession and are safely stored via the Ledger Vault platform, one of the world’s safest cryptocurrency storage solutions.
2021 was a very different year for the cryptocurrency market than the others. The interest in cryptocurrencies has increased on all fronts. It was no longer just households and small retail investors interested in cryptocurrencies but also globally known institutions, banks, or pension funds. Furthermore, governments and international institutions have suddenly begun to talk about cryptocurrencies and actively look for ways of optimal regulation to protect the end consumer.
The fact that cryptocurrencies became mainstream in 2021 cannot be denied. At Fumbi, we’ve worked hard all year to bring you the safest and most convenient crypto investing possible. By constant optimisation, improvements, and innovation of our products, we’ve been able to deliver exceptional profits to our users. Thanks to this, we’ve protected our users‘ funds against the ever-increasing threat of inflation. Take a look with us at the overview of our product performance.
Our users‘ favourite product is the Fumbi Index Portfolio. This algorithm administered portfolio provides an easy way of investing in crypto for everybody. You invest in the entire portfolio of cryptocurrencies while the Fumbi Algorithm mirrors the growth of the whole market and doesn’t rely on individual cryptoassets.
With the Fumbi Index Portfolio updates in 2021, in order to comply with our investment philosophy and criteria, we have eliminated a total of 16 cryptocurrencies that have been replaced by 13 new cryptocurrencies with higher technological and growth potential. You can find an overview of individual updates on our blog.
Compared to an investment directly in Bitcoin, our dynamic portfolio has generated significantly higher profits thanks to regular rebalancing. Investing exclusively in Bitcoin could yield a return of 62.34% in 2021, while an investment in the diversified Fumbi Index Portfolio generated a total return of 146.23%.
Fumbi Bitcoin and Gold
Last year, Fumbi added the Fumbi Bitcoin and Gold to its product portfolio, offering an option to invest in cryptocurrencies more conservatively. The unique product combines Bitcoin’s high growth and technological potential with the stability of gold in the form of PAX Gold, backed by physical gold reserves stored by Paxos.
This is considered our most conservative product, and taking a lower risk is naturally related to accepting a lower return. The algorithm regularly rebalances your investment to remain 50:50 – when the value of bitcoin increases, part of it is sold for gold, and vice versa. Fumbi Bitcoin and Gold has outperformed the traditional stock indexes S&P 500 and DAX.
The following graph shows that Fumbi Bitcoin and Gold has brought investors a much better tool for protection against ever-increasing inflation than gold itself. The performance of gold on the chart is represented by the PAX Gold asset, backed by real gold, and its price represents the price of one troy ounce of gold.
More comparisons can be found in an overview that you can download here.
Invest in the fast-growing cryptocurrency industry simply, safely and efficiently with our products. You can start at €50.
Fumbi is trusted by over 100,000 users that invest with us in cryptocurrencies simply, safely, and effectively.
Since our beginning in 2018, we’ve become a leader in crypto investing in Slovakia and successfully expanded to neighbouring markets. Just last year alone, users invested over 25 million euros with us.
We had an independent survey done at the end of the year, which showed that Slovaks‘ interest in cryptocurrencies has grown by 78.5% over a fewl months. It shows in the increase of our users – in 2021, their numbers had almost quadrupled.
Our team of experts has also prepared a 2021 report which you can download to better orientate in the last year’s events from the world of cryptocurrencies.
The favourite product of our users
Our users invest mainly in our Fumbi Index Portfolio product that we’ve updated recently. We adjust the cryptocurrencies in the portfolio every three months – we add assets with growth potential and remove those that no longer meet our high standards. Read more about news in our Fumbi Index Portfolio in this article.
Investing with Fumbi Index Portfolio can bring much higher profits than investing exclusively in Bitcoin. We prepared a comparison of these two investments in the previous year. The results show that while investment in Bitcoin could’ve brought its investors a 62.34% profit, through investing in Fumbi Index Portfolio, our users achieved a total profit of 146.23%.
Join our 100,000 users. Invest with us safely, simply, and effectively in the fast-growing crypto sector from €50.
Another three months have passed, and we are again performing the regular quartal actualisation of our Fumbi Index Portfolio. We are adding new cryptoassets with investment and technological potential and removing those that no longer meet our high standards. We select for you the best available cryptoassets based on active research and market analysis.
The goal of the regular actualisation of the Fumbi Index Portfolio is to ensure the most complex and accurate mirroring of movements of the whole crypto market. Fumbi Algorithm is rebalancing more than 20 crypto assets each day, thus reducing the chance of possible deviation to a minimum.
Is it better to invest in a single cryptocurrency or diversify the portfolio?
Diversification is a technique that lowers the investment risk by allocating the investment in multiple financial tools. The purpose of diversification is maximum profitability through investing in multiple assets, while each asset should react differently to a change in market conditions.
One of the main advantages of cryptocurrency diversification is minimising the risks. Diversification helps investors control these risks. An investment in just one cryptocurrency generates 100% profits but also 100% losses. Over the past four years, Bitcoin’s market domination compared to altcoins went down from 85% to about 40-45%. That means many other alternative cryptoassests have joined the market, and their value has substantially grown over the years.
One of the ideal approaches to investing is diversification through an actively administered investment portfolio. Investing through the portfolio provides an opportunity for higher profits from multiple assets compared to a single-asset investment.
An important part of an actively administered portfolio is its rebalancing. The adjustment of scales of individual cryptocurrencies based on the market’s movements ensures that the portfolio is always up to date and prepared to generate the highest possible profits based on the market development.
At Fumbi, we provide you with the option of monthly investments in a dynamic, rebalanced investment portfolio through our Fumbi Index Portfolio, with deposits starting at €50.
Which cryptocurrencies did we add to the portfolio?
We carefully observe the crypto market development daily and analyse many cryptoassets to choose the best.
Decentraland (MANA) – Decentraland is building a decentralised virtual world founded on a blockchain. It allows its users to create, experience, and turn the created content and applications into money. It is built primarily on the Ethereum blockchain, and it’s one of the first virtual worlds that uses blockchain to monitor the ownership of virtual assets. MANA is the native token of Decentraland, which functions as a digital currency and a voting right for its holders in the Decetraland DAO.
Tezos (XTZ) – Tezos is a platform supporting decentralised applications and smart contract administration. Tezos uses delegated Proof of State for transaction verification and contains a self-service blockchain for the administration of the whole chain.
Which cryptocurrencies did we remove from the portfolio?
Part of the portfolio’s actualisation is also the removal of cryptoassets that no longer meet our strict conditions for selection. Besides that, we also removed some cryptoassets because of low network activity in recent months or relatively low market profitability compared with the competition.
The Graph (GRT)
Like investing in stocks or commodities through investment brokers, investing in cryptocurrencies can also be automated through reliable crypto-investment companies. Fumbi offers the possibility of regular automated investing in cryptocurrencies, thanks to which you can secure averaging of your investment costs.
Cost averaging is an investment technique where investors invest a certain set amount in their preferred cryptocurrency or investment portfolio every month regardless of the current price.
The idea behind investment cost averaging is to reduce investment risks by investing a set amount into the same asset over a certain period. The added value of this investment strategy is that investors don’t have to worry about purchasing cryptocurrency during the market peak.
How do we select cryptocurrencies?
At Fumbi, we follow strict rules for selecting cryptocurrencies for our portfolio. Besides formal criteria relating to liquidity, market capitalisation, or storage options, the cryptoassets must have strong fundamentals in three key categories on the market: payment systems, decentralised finance, and Web 3.
„Bitcoin is dead.“ Since 2010, this bleak sentence has appeared on the internet over 440-times. Despite the constant burying of Bitcoin in 2021, it managed to break its historical maximums several times over and reach a value that hardly anybody could’ve foreseen a few years back.
Sometimes surface opinions that Bitcoin is already beyond its zenith, Ethereum is an ancient technology, and these networks will be replaced by brand new blockchains that allow for faster and cheaper transactions. However, just because the bitcoin blockchain doesn’t evolve as dynamically as other blockchain platforms, it doesn’t mean that bitcoin is dead. On the contrary, even though the ‚unwillingness‘ to evolve Bitcoin design is often criticised, it’s sticking to the original structure that gives Bitcoin what truly global money of future need – stability.
That doesn’t mean stability of exchange rate. Bitcoin indeed remains a risky and highly volatile asset. However, with the global adoption, the influx of capital, and growing market capitalisation, bitcoin is becoming more stable also value-wise, and its volatility is going down.
Developing Blockchains Provide Healthy Competition
Smart contract platforms such as Ethereum, Solana, Avalanche, or Terra are, unlike Bitcoin, part of the technological revolution best demonstrated by the colossal growth of the decentralised finance sector and non-fungible tokens (NFT).
Comparing and burying blockchains without understanding their purpose is senseless. Individual blockchains develop simultaneously while each uses a different technology and design compromises to achieve its goals. The diversity of this technological revolution creates healthy competition for the whole crypto environment, motivating individual projects to innovate and improve their functionalities while maintaining high decentralisation and safety. There is probably no better engine to drive innovation than the competition.
A Year Marked by Bitcoin Growth and Its Obituaries
2021 meant for Bitcoin not only historical peaks and growing global adoption but also several curious obituaries that almost buried it alive. Despite the growing number of bitcoin critics in 2021, the number of obituaries was still considerably lower than in 2017 when bitcoin first shot up like a rocket and achieved almost $20,000. In that year, bitcoin had „died“ an incredible 124-times. Even though the number of obituaries in 2021 didn’t reach its historical maximum, it tripled from 2020.
This year, bitcoin was buried several times already. For example, the Inthesetimes article informs about the „ticking bomb of cryptofascism“ and that cryptocurrencies are not real currencies but just some Ponzi tools. Imagine all the people who had read a similar, wholly subjective article and missed the opportunity to purchase this cryptoasset. There has to be countless of these not-investors all over the world.
Don’t Be Scared by Drops
Many people invest in bitcoin and alternative cryptocurrencies without trying to understand them. Investors often see them just as an effortless way to quick fortune. Yes, that is also a way to profit from cryptocurrencies. However, it becomes a problem when bitcoin suddenly and rapidly drops – many investors don’t have the stomach for massive price corrections. The lack of faith and knowledge causes them to panic and sell their investment portfolios even though cryptocurrencies could’ve been the best investment of their lives.
Don’t let your emotions influence your investment decisions. Successful management of long-term investing is only possible through rational decision-making. Read our popular article if you want to know what to do when the crypto market is down.
We are the first crypto-investment company in Slovakia to be crowned one of the top brands on the market by the independent Superbrands program.
The International Superbrands program is the most prestigious independent global authority evaluating business brands. Each year, they select the top brands on the market based on business performance and public opinion research. Those are then evaluated by the Brand Council, made up of experts on business, communication, marketing, and media.
Our Fumbi has joined the club of strongest brands. We’ve been on the market since 2018. Since then, we’ve acquired over 90,000 users and expanded into neighbours‘ markets. In 2021 we underwent a rebranding and managed to release the first crypto-investment TV advertisement in Europe.
„We are thrilled to join the prominent and respected companies that have already received this award, such as Kaufland, dm-drogerie markt, Mecom, and JOJ Group. In 2021 we substantially increased our staff and the number of communication activities. I am glad that it also shows in the form of this award,“ said about the success Boris Haško, our Chief Marketing Officer.
What is Superbrands
Global platform Superbrands has been awarding the best brands for 20 years in over 90 countries worldwide. They’ve been operating in Slovakia for over 10 years already. Companies cannot nominate themselves nor sign up.
Capitalise on the potential of crypto with us simply, safely, and with just a few clicks. You can start at €50.
Fumbi experts constantly observe events within and without the world of crypto, so we can always offer you the best solutions for investing in cryptocurrencies. We prepared a short overview if you want to know which projects and trends deserve your attention in 2022.
Continuous Development of Blockchain Gaming and Metaverse
In 2022, we expect a continuous trend of development in blockchain gaming. In 2021, the leader in blockchain games was Axie Infinity, which massively popularised the Play-to-Earn concept. Axie Infinity is a part of our Fumbi Index Portfolio. Therefore, you could also profit from the growth of this crypto asset.
Besides that, we expect massive progress in the metaverse’s virtual worlds, where lies an immense social, financial, and economic potential. More and more companies show an active interest in this new, digital world that will allow us to see how our virtual presence could complement the physical one.
A great example is various institutions already securing a firm place in the metaverse. For example, a New York-based real-estate firm Republic Realm purchased a digital property for an unbelievable $4.3 million in one of the virtual worlds, Sandbox, last December. Canadian company Tokens.com can also pride itself on a significant investment with a $2.4 million digital property purchase on Decentraland.
Shaping of Web 3.0
Transfer to a more sophisticated version of the internet, the third generation, is designed so that it solves the ongoing problems of the present internet ecosystem.
Web 3.0 is the third generation of internet services for websites and applications that will focus on using a machine-based understanding of data to provide a data-driven Semantic Web. The primary purpose of the third generation web is to create a more intelligent, open, and freer web environment.
Though the direction Web 3.0 will take is still not completely clear, 2022 will undoubtedly provide valuable information on this. Some believe that transfer to Web 3.0 is an opportunity for people to free themselves from megacorporations seated in the centre of our browsing on the web and social media. Instead, the people themselves would control their personal information and content shared on the internet.
Implementation of the Zero-Knowledge Proof
The zero-knowledge proof (ZKP) is a mathematical technique for verifying information without revealing the information itself. Researchers from MIT first introduced this method in 1985.
Implementing the zero-knowledge proof could be one of the answers for a decentralised way of responding to following rules and governmental regulations as this technology allows for verifying information without the need to reveal the information that verifies it.
The zero-knowledge proofs can bring more privacy into public blockchains, thus increasing the protection of sensitive data within the blockchain environment. However, the zero-knowledge proofs have a much wider potential use area, especially in security and privacy.
Growth of the Decentralised Finance Ecosystem
The main purpose of DeFi is to provide financial services without centralised providers via smart contracts operating on the blockchain.
In 2021, the sector of decentralised finance grew more than seven-fold, and with the growing global adoption of cryptocurrencies, we can expect a similar trend in 2022.
An essential part regarding DeFi is played by decentralised exchanges (DEX), which exchange assets and provide users full ownership and control over their assets. The main advantage of these exchanges is that they are available globally to anyone anywhere. Moreover, these exchanges don’t require KYC and AML verifications from their users. Therefore, they are becoming a favourite tool for investors that don’t want to share their private information and want to trade anonymously.
One of the critical factors that will influence the future development of DeFi is security. Thanks to the fact that more and more applications undergo security audits by external companies that independently inspect the security of smart contracts, the DeFi sector is evolving into an ever-safer and more lucrative place.
Institutional Cryptocurrency Adoption
Last year, many mainstream companies worldwide, including Tesla, Microstrategy, or Galaxy Digital Holdings, expressed interest and invested part of their capital into cryptocurrencies.
Similarly, giants in the field of payment services such as Paypal or Square brought their clients a plethora of new services directly related to cryptocurrencies. It is expected that in 2022 many other big companies and banks will join the crypto sector, which could help cryptocurrencies reach a whole new level.
The year 2021 has forever gone down in history with the first country in the world, El Salvador, accepting bitcoin as a legal tender. Following El Salvador‘ example, several countries, including Panama, Guatemala, and Paraguay, expressed potential interest in adopting cryptocurrencies.
Among other events we can expect in 2022 are:
continuous growth of interest from institutionalised investors
continued boom of non-fungible tokens (NFT)
the possibility of the launch of the first spot ETF,
bridging of decentralised finances with physical assets (Real-World Asset Market)
If you want to capitalise on the potential of cryptocurrencies for your future, begin investing with our Fumbi Index Portfolio. We update the cryptocurrencies in the portfolio every three months – we add cryptocurrencies with the potential to grow and discard those which no longer meet our criteria. Furthermore, your investment is regularly administered by the sophisticated Fumbi Algorithm that follows the market’s growth as a whole and doesn’t rely on individual cryptoassets.