Keep calm and HODL on… because recurring buys are now available on the Kraken app! This new feature lets you schedule your crypto purchases quickly and easily, which saves you time and can help ease the stress of timing the market. Recurring buys also make dollar-cost averaging a snap, so you can build your portfolio over time.
If you are new to dollar cost averaging, you can learn more with our Kraken Learn Center article.
Setting up a recurring buy is simple. With a few taps in your Kraken mobile app, you’re now able to:
- Automatically buy crypto at set intervals: daily, weekly, biweekly and monthly
- Dollar-cost average your favorite assets and build your crypto portfolio over time
- Create, pause or delete recurring buy schedules for different crypto assets
- Fund recurring buys with your account balance (other payment methods coming soon)
To spend or receive?
We also made it easy to customize how you want to purchase crypto with a recurring buy. Whether you want to spend $50 on BTC every day or receive 0.5 ETH every month, just tap the arrows next to the amount on the order screen to toggle your options.
No more FOMO – when you automate your crypto purchases, you get peace of mind knowing you’re in the market regardless of price movements. Open your Kraken mobile app to see how easy it is to start a recurring buy and build your portfolio over the long term.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position. Not available in Japan.
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- Source: https://blog.kraken.com/post/16090/build-your-crypto-portfolio-with-recurring-buys/
