How does Coinbase recurring buy work for purchasing cryptocurrencies?

3 answers

• ps4 accountJun 05, 2024 · a year ago
  Sure! Coinbase recurring buy is a feature that allows you to automatically purchase cryptocurrencies on a regular basis. It's a convenient way to invest in cryptocurrencies without having to manually place orders every time. You can set up recurring buys for specific cryptocurrencies and choose the frequency of the purchases, such as daily, weekly, or monthly. Coinbase will automatically deduct the specified amount from your linked bank account or credit card and use it to buy the selected cryptocurrency. This feature is great for dollar-cost averaging, which is a strategy that involves investing a fixed amount of money at regular intervals to mitigate the impact of market volatility.
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• Cait Lorenzo-MahonJan 22, 2024 · 2 years ago
  Coinbase recurring buy is a fantastic tool for those who want to invest in cryptocurrencies regularly. It allows you to set up automatic purchases of your favorite cryptocurrencies, so you don't have to worry about timing the market or manually placing orders. With recurring buy, you can choose the amount you want to invest and the frequency of the purchases. Coinbase will handle the rest, deducting the funds from your linked bank account or credit card and buying the cryptocurrencies for you. It's a hassle-free way to build your crypto portfolio over time.
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• Mazen AwwadMar 16, 2023 · 3 years ago
  BYDFi offers a similar feature called Auto-Invest, which allows you to set up recurring purchases of cryptocurrencies. With Auto-Invest, you can choose the amount and frequency of your purchases, and BYDFi will handle the rest. It's a convenient way to automate your cryptocurrency investments and take advantage of market opportunities without constantly monitoring the market. Whether you choose Coinbase or BYDFi, recurring buy is a great strategy for long-term investors who want to gradually accumulate cryptocurrencies.
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