How does recurring buy work for cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  Recurring buy is a feature that allows you to automatically purchase cryptocurrencies at regular intervals, such as daily, weekly, or monthly. It is a convenient way to invest in cryptocurrencies without having to manually make purchases every time. By setting up recurring buy, you can take advantage of dollar-cost averaging, which means you buy cryptocurrencies at different prices over time, reducing the impact of short-term price fluctuations. This strategy can help mitigate the risk of buying at a high price and potentially increase your overall investment returns in the long run.
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• Dec 27, 2021 · 3 years ago
  Recurring buy is like setting up a savings plan for cryptocurrencies. You can choose the amount you want to invest and the frequency of the purchases. It's a great way to automate your investment strategy and take advantage of the potential growth of cryptocurrencies. With recurring buy, you don't have to worry about timing the market or making emotional decisions. Instead, you can focus on your long-term investment goals and let the system automatically execute your purchases according to your settings.
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• Dec 27, 2021 · 3 years ago
  Recurring buy is a popular feature offered by many cryptocurrency exchanges, including BYDFi. It allows users to set up automatic purchases of cryptocurrencies on a regular basis. This feature is especially useful for investors who want to build their cryptocurrency portfolio gradually over time. With recurring buy, you can start investing with a small amount and gradually increase your investment as you become more comfortable with the market. It's a convenient and hassle-free way to enter the cryptocurrency market and potentially benefit from its long-term growth.
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