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Flyte Kids Invest, Save, Spend
Flyte is a platform that allows individuals under the age of 18 to invest in stocks and cryptocurrencies and spend money using their own debit card. Upon signing up, users receive their first stock or cryptocurrency and can start investing with as little as $1. The platform offers a wide range of stocks, cryptocurrencies, and ETFs to invest in, and users can set up automatic orders to make regular investments. The Flyte card can be added to Apple Pay, and a physical card will arrive in approximately 10 business days. Additionally, users can send and receive cash, stocks, or cryptocurrencies using their Flyte tag or profile link. The platform also offers educational resources to help users learn about investing and financial independence. Flyte does not charge fees or commissions for trades, subscriptions, or regular transactions. Investments and investment cash are insured by SIPC up to $500,000, and bank deposits are insured by FDIC up to $250,000. The platform prioritizes the financial future of young people and aims to help them build wealth and develop good financial habits early on. Flyte partners with Apex Clearing Corporation for brokerage services and Evolve Bank & Trust for banking services. Flyte Crypto is served by Flyte Crypto LLC and offered through Apex Crypto LLC, with Apex Crypto LLC providing cryptocurrency execution and custody services. Cryptocurrencies are not securities and are not insured by FDIC or SIPC. It is important for users to understand the risks involved in trading cryptocurrencies.