Then this blog post is for you.
Bitcoin is cresting the charts, reaching ATH (All Time High) almost every week. Investing in Bitcoin, especially in times like these can be a scary endeavour for most people.
If you’re ready to take the plunge but don’t want to take the risk of putting in your money all at once, setting up a recurring buy (or better known as Dollar Cost Averaging strategy) can be a great way to grow your crypto holdings over time.
Instead of making a lump sum investment today, you buy a certain amount of Bitcoin at predetermined intervals, regardless of price, volatility, or economic conditions.
This way, you can minimize the risk and reduce the fear of investing at the wrong time. No one want to buy at the top only to see price crashes and fall into a bear market. But no one can time the market.
With that said, it’s better to stick to the plan, regularly set aside and convert your FIAT currency into Bitcoin savings. Go slow and steady. Chances are, you’ll be buying Bitcoin at a discount anyway.
Fortunately, setting up automatic and recurring trade to buy Bitcoin is easier than you think.
There are plenty of cryptocurrency exchanges that offers recurring Bitcoin trades feature.
It’s quite simple. Recurring Bitcoin investment lets you set it and forget it by dollar cost averaging. Once you set up the auto-buy, then everything is fully automated. The exchange platform will keep buying Bitcoin at regularly scheduled intervals.
Sounds good?
Now let’s get to it.
By the end of this piece, you’ll know exactly how to schedule automatic Bitcoin purchases at the lowest fees possible.
Swan Bitcoin Relai Coinbase Gemini Crypto.com Binance
Supported countries Available worldwide Europe Available worldwide Available worldwide Available worldwide USA only
Purchase frequency Daily
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MonthlyDaily
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Supported platforms web Mobile app web and mobile app web and mobile app Mobile app only web and mobile app
Sign up Get $5 Sign-up Bonus Use code TMAVERICK to save 0.5% fees Earn up to $161 learning crypto Buy Bitcoin automatically Earn $50 USD with my code "heq9qnuzam" Buy Bitcoin automatically
What is Recurring Bitcoin Purchase?
To better understand recurring Bitcoin purchase, let’s look at this powerful investment strategy called dollar-cost averaging (DCA).
Dollar-cost averaging (DCA) is a strategy, where you invest a fixed amount of fiat money (USD, GBP, EUR etc) into Bitcoin on regular time intervals -daily, weekly, or monthly, for example, over the long term.
Recurring Bitcoin purchase is a feature or product that allows you to buy Bitcoin (BTC) automatically, according to the schedule you set up, irrespective of how wildly the price swings.
If you’re looking to purchase Bitcoin for the long-term but still wondering when is the best time to buy, then you should consider dollar-cost averaging Bitcoin.
Why Set Up Automatic Bitcoin Recurring Buys?
DCA Benefits
1. Set it and forget it. No need to log into your exchange every time you want to buy Bitcoin.
2. Take emotion out of investing. You will stay on a preset source of converting a certain amount of dollar into BTC regardless the price.
3. Know your financial future is secure. Get rich slowly. Buying $100 of Bitcoin every week for 3 years starting 3 years ago would have turned $15,700 into $120,588 (+668%)
4. Avoid tax burden and fees of active trading.
5. Reduces the risk of buying tops. Avoid FOMO.
Should you set up recurring Bitcoin purchases?
Does dollar cost averaging really work?
If you’re risk-averse and are not comfortable with crypto-market volatility, regular buys can help to reduce the impact of short-term price swings because of frequent and (smaller) buys.
If you’re tired of trying to time the market to get the best prices, recurring purchases can save you time and effort. Because you don’t have to track the price all day long and you don’t have to do the manual trading.
If you lack the discipline to invest, dollar cost averaging (DCA) is an effective strategy as it’s 100% automated.
How to schedule an automatic Bitcoin purchase?
Even if you’re totally new to Bitcoin, even if you’ve never invested before, you can easily and quickly set up a schedule and receive BTC automatically and regularly.
In general, here’s how it works:
- You sign up for a free account on one of the listed platforms below.
- You verify your identity and connect your bank account.
- You choose to buy Bitcoin (BTC) with an amount and frequency that works for you – daily, weekly, monthly.
- That’s how simple it is! You will get BTC directly in your wallet on a regular basis.
Best Places to Buy Bitcoin Automatically Every Day, Week or Month
Now that we’ve covered one of the most powerful investment strategies, we can dive straight into the meat and potatoes of this article.
Here are 6 best ways to setup a fixed amount of money to buy Bitcoin at regular intervals.
Swan Bitcoin is the easiest and most user-friendly way to accumulate Bitcoin with automatic recurring buy.
Unlike other exchange platforms, Swan is a “Bitcoin-only” onramp that focus exclusively on Bitcoin. No other cryptocurrencies, no trading, no unnecessary complexity.
Setting up automatic recurring Bitcoin buys with Swan Bitcoin is pretty simple:
- Sign up for a free Swan Bitcoin account and verify your identity.
- Link to any US bank account.
- Set an amount and choose your Bitcoin savings option – daily, weekly, monthly or paycheck.
- Sit back and relax. Swan will steadily turn your dollars into Bitcoin savings and automatically send BTC to your wallet or stored for free with a secure licensed and regulated custodian.
Non US citizens?
Don’t worry, you can still use Swan Bitcoin to accumulate Bitcoin with automatic recurring buys and instant buys. Swan accepts funds from non-US banks using International wire transfer.
The wire will usually settle into your account within within a few hours, or up to to 1-2 business days in some cases. There’s a 0.99 % Conversion Fee from the wired amount.
Three things great about Swan are
1) this simple Bitcoin savings app will buy more when the price goes down
2) the auto-withdrawals feature allows you to schedule periodic Bitcoin withdrawals to move a certain amount of Bitcoin to your own private wallet.
3) There’s just ONE fee at Swan. 0.99% on all Bitcoin buys. No spread. No withdrawal fees. Nothing more. Just 0.99%.
Withdrawing your Bitcoin is free and there are no withdrawal limits. Swan Bitcoin even pays the Bitcoin network fee. You should be in control of your Bitcoin by withdrawing your coin to your own BTC wallet when you’re ready.
Whether you’re just getting started, a Bitcoin maximalist or crypto enthusiast, Swan Bitcoin is the best way to build your BTC stack over the long terms.
You can start investing in Bitcoin as little as $20. Let Swan Bitcoin does the hard work, helping you automatically buy small amounts of Bitcoin periodically regardless of the dollar price.
2. Relai
If you live in Europe and are looking for the easiest way to stack sats, Relai is for you!
Relai is one of the most secure, cheapest and easiest ways to buy, save and invest in Bitcoin.
Just like Swan Bitcoin, Relai is a Bitcoin-only investing app that allows you to buy bitcoin within one minutes or set up an automated savings plan.
You can now buy Bitcoin with no verification, no registration, no deposit!
Even better, download the app, use use my code TMAVERICK and you can reduce your fees by 0.5%!
Here’s how it works:
- Download Relai app (available on both Google Play Store and Apple App Store.)
- Enter the amount of money you want to invest. Start with as little as 10 EUR/CHF.
- Make a single purchase or set up an automated weekly or monthly savings plan.
- Add your payment details. Use my code TMAVERICK, so you pay 0.5% lower fees.
- Pay for your bitcoins. Go to your banking app and create a bank transfer using the details you see on the screen in the Relai app.
Each Relai account comes with a digital non-custodial bitcoin wallet. Which means you own the key and you have complete control of your bitcoin.
Important: Before you buy your first bitcoin, make sure to back up your wallet by writing down the 12 recovery seed words. So if you lose your device or switch to a new one, you can still restore access to your bitcoin.
When it comes to fees, Relai charges 2.5% for buying and 2.0% for selling.
Luckily you can buy the cheapest bitcoin by using this method:
-
Set up a weekly or monthly savings plan
-
Set order amount to 100 EUR/CHF or more
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Apply a referral code TMAVERICK to your order
- Get 10EUR/CHF when you start an auto-invest plan for 100 EUR/CHF
- Apply my referral code TMAVERICK to save 0.5% on fees
3. Coinbase
Founded in 2012, Coinbase is arguably the most beginner friendly cryptocurrency exchange in the world. The platform offers a complete suite of crypto financial services, allowing you to store, buy, sell, trade, manage and transfer crypto assets all within one convenient account.
However, Coinbase’s most overlooked feature is Recurring Buys.
Many users don’t know that they can take advantage of Recurring Buys feature to invest smarter. With Recurring Buys, users can invest in Bitcoin slowly over time by scheduling buys daily, weekly or monthly.
There are two main ways to create a recurring purchase with Coinbase:
- using website
- using Coinbase mobile app
What is great, you can now earn reward by setting up a recurring buy on Coinbase. Set up a recurring buy of $50 and you’ll get reward $10 after your 4th and 8th recurring buys.
When it comes to trading fees, Coinbase charge a flat fee for total transaction amount below $200.
| Total Transaction Amount | Fee |
| Less than $10 | $0.99 |
| Between $10-$25 | $1.49 |
| Between $25-$50 | $1.99 |
| Between $50-$200 | $2.99 |
If you trade above $200, Coinbase charges a variable percentage fee of 1.49%.
Thinking of using Coinbase cryptocurrency exchange? Here’s our review for everything you need to know.
Founded by the Winklevoss Twins, Gemini is another reliable cryptocurrency exchange that makes it easy to convert your dollars to Bitcoin savings with daily, weekly or monthly options.
Using the Recurring Buys to schedule future purchases on Gemini (on mobile app or web platform) is quick and simple.
You set aside funds for Bitcoin purchases, decide how much you want to buy and specify the frequency -every day, every week or every month. That’s it. The exchange will execute automated order and buy the crypto for you for as long as you want, until you cancel the service.
Gemini charge a transparent and low trading fees for each recurring buys. Their fee structure is similar to Coinbase:
| Web order amount (USD) | Transaction fee (USD) |
| Less than $10 | $0.99 |
| Between $10-$25 | $1.49 |
| Between $25-$50 | $1.99 |
| Between $50-$200 | $2.99 |
| More than $200 | 1.49% of your order value |
Crypto.com allows you to buy, sell, trade, store, earn, loan, invest and automate cryptocurrency purchases in an user friendly mobile app.
With a recurring buy, you can purchase fixed amounts of your favorite cryptocurrencies over time on a weekly, bi-weekly or monthly basis on the Crypto App.
Some of the cryptocurrencies you can automate trades are:
- BTC, CRO, ETH, LINK, BAND, VET, ADA, XRP, AAVE, YFI, UNI, DOT, XLM, LTC, ZIL
There are three different payment methods you can choose when setting up a recurring buy:
- Cryptocurrency (Tether, USD Coin , Dai, Paxos Standard, TrueUSD)
- Fiat money (AUD, EUR, GBP, USD)
- Credit cards
Download Crypto.com App on your phone,and earn $50 USD with my code “heq9qnuzam”.
You can start as low as $50 USD to create your first crypto recurring buy. Once you confirm the trade, Crypto.com will automatically invest a certain amount of USD on behalf of you, irrespective of the asset’s price and at specified intervals. And Bitcoin will be delivered directly to your Crypto.com wallet.
Crypto.com currently supports a maximum of 5 recurring buys per month.
If you don’t have a lot of money to invest upfront, Crypto.com is a simple way to build your stack and turn your dollars into Bitcoin over time.
- You can download Crypto.com App, use referral code “heq9qnuzam” to get $50 for free
- Or you can review my Crypto.com review here
Binance, the world’s largest cryptocurrency exchange by trading volume and users also offers a wide range of crypto services including recurring crypto buys.
Sign up for a free account on Binance.US, and you can start setting Recurring Buy orders for over 20+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, BNB and more.
To automate your crypto investment with Binance, click “Buy Crypto” on your dashboard. Choose your favorite crypto, payment method, and set the frequency. The frequency options available in Binance.US are:
- Daily
- Weekly
- Bi-Weekly
- Monthly
Once you agree with the details, Binance.US will place your first order immediately and keep purchasing Bitcoin for you without having to lift a finger.
Conclusion
Take advantage of this useful Recurring Buys feature. You can just sit back and relax, letting the exchange platform to complete your orders and building your crypto wealth efficiently.
All in all, dollar cost averaging is a great strategy for those who want to slowly buy Bitcoin over time to avoid timing risk and minimize emotional stress.
Take a small chunk from your paycheck every month, make regular and small investments, can add up to big results over time.
What do you think?
Would you automate your Bitcoin purchases? Why or why not?
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P.S: This Bitcoin resource is One of – if not the most – comprehensive resources for learning about Bitcoin with over 20 categories ranging from history to buying BTC, setting up a wallet, technical information, mining, security, and trading. Enjoy!
I’m not a financial advisor, my recommendations shouldn’t be used as professional investment advice.