The Recurring Buy feature helps you implement Dollar-Cost Averaging (DCA).
DCA is a strategy where buyers periodically purchase bitcoin, regardless of its price, to reduce the impact of volatility on their portfolio.
How to place a DCA order
1. On the app's 'Buy' screen or the web's 'Buy' page, choose 'Recurring Buy (DCA)'.
2. Enter the desired recurring amount in AUD.
3. Select the frequency (every 10 minutes, hour, week, or month)
4. Click the 'Buy' button.
If the order is valid, it will be executed as an 'Express Buy' immediately and will continue placing Express Buy orders at the chosen frequency.
How to cancel a DCA order
To cancel a DCA order, click the 'X' next to the active DCA order you wish to cancel.