How To Get Money Using Plynk? Is It Legit To Use? App Review In 2023

Plynk is an investing app that is best suited for people who are beginner traders. The goal of the platform is to help people in their investment and confidence building, and they can grow investment knowledge through this.

If you are a Plynk app user, then you will find that there are two different types of accounts.

• A Brokerage Account
• A Crypto Account

The brokerage account helps you to invest in funds and stocks, and you can invest in cryptocurrency with the second type of account. Let?s learn more about the investment platform.

Different Investment Types On Plynk

There are different types of investment platforms for different types of investments. But, Plynk allows you to invest in different types of investments such as exchange-traded funds (ETFs), stocks, cryptocurrencies, and mutual funds. So, the platform is all in one that allows you to invest in four different segments.

How To Start Investing With Plynk 

Before starting the procedure, you must know that anyone can use this platform. The person just needs to be at least 18 years old, and they must have to be a United States resident. If you have no experience with trading applications, don?t worry, the platform is easy to use.

Here are a couple of things that you should know if you want to start investing with this platform.

• You can start investing through Plynk by just investing only $1.
• The fees are only applicable for crypto trading.
• You can find the Plynk application in the Google Play Store and App Store.
• There are two types of accounts for different investments. You can open two accounts at the same time for different investments. All you need to do is to provide a username and a password, and then you can open an account.
• The application is great for investing in stocks.

Forgot Username & Password? Don?t Worry!

If you can?t remember your username or password, don?t worry, there are a lot of ways that you can try. Here is the process that you need to follow.

• First, you need to open the application and go to Need help logging in,
• In that section, you need to provide your personal information.
• Now you can select submit while you are done with filling up the information.
• First, you need to verify that it is you. And secondly, you have to provide the one-time password that you have received.
• After the verification, you can set your new password.

If you face any issues, you can contact service@plynkinvest.com. This is the platform?s customer service.

Link Bank Account

Here are the steps that you need to follow.

• First, you need to go to the Plynk app and go to the Menu icon.
• There, you will find Link Bank Account. You will find this option under Activity and Banking.
• You can link your bank account almost instantly after putting in all the important information.

Plynk Pricing

The application is completely free, which means when you download, install and open an account, you don?t have to pay a single penny. Also, the platform only charges you on your profits. And there are a couple of advanced features that cost $2 if you want to use all of them. And if you don?t want, you can do that too. There are no commission fees when you invest in ETFs, stocks, and cryptocurrencies.

Which Information Do You Need To Provide?

Other than linking your bank account, the platform asks you to provide a couple of pieces of information at the time of opening an account.

PhoneNumber

This is also for security, and most of the information is contacted by your phone number. So this is important.

Social Security Number

This information is crucial so that the platform can know that your identity is not fake and you are not a fraud.

Address

You need to provide your address for two reasons. The first one is to verify your identity and the second reason is to mail you a tax form.

Plynk Alternatives

Of course, you may not want to use Plynk and find some alternative instead. If that?s what you are thinking then check out the alternatives provided here –

1. Vested Finance: Global Opportunities for Foreign Investors

Founded in 2018, Mumbai (India)

• Funding: $23.6M
• Investors: Techstars, OVO Fund, and 28 Others
• Tracxn Score: 68/100

Vested Finance stands out as a Mumbai-based investment platform, securing $23.6M in Series A funding. Specializing in fractional investing for foreign investors, Vested Finance provides access to stocks, ETFs, and crypto based on risk profiles. Offering custom portfolios, analytics, and stock performance insights, the platform is enriched with educational resources for investors, aligning with its Tracxn Score of 68/100.

2. Stockpile: Democratizing Stock Ownership

Founded in 2010, Palo Alto (United States)

• Funding: $45M
• Investors: Sequoia Capital, Mayfield, and 9 Others
• Tracxn Score: 55/100

Stockpile Investments, founded in 2010 and based in Palo Alto, has secured $45M in Series B funding. This platform focuses on fractional stock investments, allowing users to purchase fractional shares through gift cards. With features for portfolio customization, risk management, and trade execution, Stockpile democratizes stock ownership with a Tracxn Score of 55/100.

3. Sprout: Collaborative Investing for Families

Founded in 2021, Miami (United States)

• Funding: $5.7M
• Investors: Sound Ventures, HOF Capital, and 10 Others
• Tracxn Score: 52/100

Sprout, a Miami-based platform founded in 2021, has raised $5.7M in seed funding. Positioned as a fractional investment and trading platform, Sprout enables users to buy fractions of company shares, learn trading strategies, and explore a variety of ETFs. With a Tracxn Score of 52/100, Sprout emphasizes collaborative investing for families.

4. Bumped: Loyalty Rewarded with Stock

Founded in 2017, Portland (United States)

• Funding: $37.6M
• Investors: Canaan, Commerce Ventures, and 9 Others
• Tracxn Score: 40/100

Bumped, based in Portland and founded in 2017, has secured $37.6M in funding. Operating in the loyalty rewards space, Bumped provides customers with fractional shares of stock for making purchases through the platform. Partnering with brands, Bumped turns loyal shoppers into shareholders, reflecting its Tracxn Score of 40/100.

5. Apollo: Debit Card-Based Fractional Investing

Founded in 2021, San Francisco (United States)

• Funding: $125K
• Investors: Sovereign’s Capital, Y Combinator, and 3 Others
• Tracxn Score: 34/100

Apollo, founded in 2021 and based in San Francisco, operates a debit card-based fractional investment platform. Securing $125K in funding, Apollo rewards users with fractional shares each time they swipe the debit card. The platform also offers chances to win full shares of stock, aligning with its Tracxn Score of 34/100.

Frequently Asked Questions (FAQs):-

Here are some interesting questions and answers that most people ask about Plynk.

Final Words

I hope now you have understood this investing platform and what the procedure is to open an account to execute trading. There are a couple of ways that you can follow to secure your account. You should give a strong password where special characters, letters, and numbers are included. Also, do not take anyone?s money to invest. You don?t have to because the platform allows you to invest only $1.

So, do you want to know anything more? Do you have any questions?

Please let us know in the comment section below.

Thank You.

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