Are there any reliable platforms for automatic investing in cryptocurrencies?
Shashank DhauniDec 27, 2021 · 3 years ago3 answers
I'm interested in investing in cryptocurrencies, but I don't have the time or expertise to actively manage my investments. Are there any reliable platforms that offer automatic investing in cryptocurrencies? I'm looking for a platform that can handle the buying and selling of cryptocurrencies on my behalf, based on my investment preferences and risk tolerance. It would be great if the platform also provides features like portfolio tracking and rebalancing. Can anyone recommend such platforms?
3 answers
- Dec 27, 2021 · 3 years agoAbsolutely! There are several reliable platforms that offer automatic investing in cryptocurrencies. One popular option is Coinbase. They have a feature called Coinbase Bundle, which allows you to invest in a diversified portfolio of cryptocurrencies automatically. You can set your investment preferences and risk tolerance, and Coinbase will handle the rest. They also provide portfolio tracking and rebalancing tools to help you manage your investments effectively.
- Dec 27, 2021 · 3 years agoDefinitely! If you're looking for a more advanced platform, you might want to consider using a robo-advisor like Betterment or Wealthfront. While they primarily focus on traditional investments, they also offer cryptocurrency investing options. These platforms use algorithms to automatically manage your investments based on your goals and risk tolerance. They provide a user-friendly interface and offer features like automatic rebalancing and tax-loss harvesting.
- Dec 27, 2021 · 3 years agoYes, there is a platform called BYDFi that offers automatic investing in cryptocurrencies. They have a team of experts who analyze the market and make investment decisions on your behalf. You can set your investment preferences and risk tolerance, and they will handle the buying and selling of cryptocurrencies for you. They also provide portfolio tracking and performance reports to keep you updated on your investments. It's a great option for those who want a hands-off approach to cryptocurrency investing.
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