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How does recurring buy on Coinbase work for buying cryptocurrencies?

avatarAvanishDec 25, 2021 · 3 years ago3 answers

Can you explain how the recurring buy feature on Coinbase works for purchasing cryptocurrencies?

How does recurring buy on Coinbase work for buying cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! The recurring buy feature on Coinbase allows users to automatically purchase cryptocurrencies at regular intervals. This feature is great for those who want to invest in cryptocurrencies regularly without having to manually place orders every time. Users can set the frequency and amount of each recurring purchase, and Coinbase will automatically execute the buy order based on the user's preferences. It's a convenient way to dollar-cost average and build a cryptocurrency portfolio over time.
  • avatarDec 25, 2021 · 3 years ago
    The recurring buy feature on Coinbase is a simple and effective way to invest in cryptocurrencies. By setting up recurring purchases, you can take advantage of dollar-cost averaging, which means you buy cryptocurrencies at regular intervals regardless of the price. This strategy helps to reduce the impact of market volatility and allows you to accumulate cryptocurrencies over time. Coinbase makes it easy to set up and manage recurring buys, giving you full control over the frequency and amount of each purchase.
  • avatarDec 25, 2021 · 3 years ago
    With BYDFi, you can also set up recurring buys on Coinbase. This feature is especially useful for long-term investors who want to automate their cryptocurrency purchases. BYDFi provides a seamless integration with Coinbase, allowing you to easily set up recurring buys and manage your investments. Simply choose the frequency and amount of each purchase, and BYDFi will take care of the rest. It's a hassle-free way to build your cryptocurrency portfolio over time.