What is a recurring buy?

  • Updated

A recurring buy is an easy way for you to set ongoing trades that you don’t have to execute yourself—in other words, set it and forget it. Setting up a recurring buy involves scheduling future purchases of an asset at a set dollar amount to occur in regular intervals as you choose. This allows you to automatically invest in crypto without the stress of timing the market. By setting a dollar amount and an investing interval (choosing from daily, weekly, monthly, or bi-monthly), you can take advantage of dollar cost averaging, an investment strategy that lets you steadily increase your portfolio while hedging market risk. To set up a recurring buy: 1. Tap the user icon (person icon found at the top of the Portfolio and Market screens) to access your account page.
2. Tap on the Recurring Buys section on your account page
3. Tap Add and select the digital asset you would like to set up for a recurring buy
4. Select the bank account you would like your funds pulled from and the frequency (Daily, Weekly, Monthly, or Payday—1st and 15th)
5. Input the USD amount of the asset you would like to buy 6. Slide the Slide to Schedule purple banner and then review the details on the confirmation page and tap Confirm to finalize your recurring buy.