Timing the market to buy crypto assets at the lowest price for maximum returns, is a complex, time-consuming task that challenges even the most skilled traders.
Alternatively, Auto-Invest is a feature that helps users build long-term wealth by automatically purchasing cryptocurrencies or Crypto Bundles at regular intervals. This strategy uses the Dollar Cost Averaging (DCA) approach, which minimizes the impact of price volatility and helps smooth out the average buying price over time. You may use it to accumulate your favorite token, like BORG, on multiple frequencies at the same time and, even, to plan your exit from an investment by slowly converting into a stablecoin.
Setting up Auto-Invest
Follow these steps to create your Auto-Invest plan:
- Go to the “Portfolio” or “Invest” tab.
- Select the asset you wish to invest in.
- Tap "Auto-Invest".
- Configure the settings:
- Choose the source of funds (fiat or crypto).
- Set the investment frequency (e.g., weekly, biweekly).
- Specify the amount to be invested at each interval.
- Review and confirm your Auto-Invest setup.
Canceling Auto-Invest
You can cancel an existing Auto-Invest at any time:
- Go to the “Portfolio” tab and select the asset for which you want to stop the Auto-Invest.
- Tap "Auto-Invest" and click the trash bin icon in the top-right corner.
- Confirm the deletion to successfully cancel your Auto-Invest.
Note: The minimal amount to invest on a single crypto-asset or a Crypto Bundle may slightly vary, over time, due to market fluctuation. In order to avoid any Auto-invest failure, try to set it above the minimal amount.
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