Is Kraken's recurring buy option available for all cryptocurrencies or only specific ones?
Adithya ReddyDec 26, 2021 · 3 years ago3 answers
I'm interested in using Kraken's recurring buy option for cryptocurrencies. Can anyone tell me if this feature is available for all cryptocurrencies on Kraken or only specific ones? I want to make sure I can automate my investments in the right cryptocurrencies.
3 answers
- Dec 26, 2021 · 3 years agoYes, Kraken's recurring buy option is available for all cryptocurrencies listed on their platform. This means you can automate your investments in any cryptocurrency of your choice, whether it's Bitcoin, Ethereum, Ripple, or any other coin available on Kraken. It's a convenient feature that allows you to regularly invest in your preferred cryptocurrencies without having to manually place orders.
- Dec 26, 2021 · 3 years agoKraken's recurring buy option is indeed available for all cryptocurrencies. This feature is especially useful for long-term investors who want to dollar-cost average their investments in various cryptocurrencies. By setting up recurring buys, you can spread out your investments over time and potentially reduce the impact of short-term price fluctuations. It's a great way to build your cryptocurrency portfolio gradually.
- Dec 26, 2021 · 3 years agoYes, Kraken's recurring buy option is available for all cryptocurrencies. However, if you're looking for a more advanced and customizable recurring buy option, you might want to consider using BYDFi. BYDFi offers a wide range of features for recurring buys, including the ability to set specific conditions for your buys and sell orders. It's a popular choice among traders who want more control over their recurring investments.
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