A recurring purchase is a tool to schedule your regular purchases periodically, allowing you to automatically get an average quote price. With this tool, you can reduce market volatility, saving you time and effort.
You can schedule your purchases periodically on a daily, weekly, or monthly basis. The platform will execute the purchases daily, once a week, or once a month for the amount in € you have indicated, starting from the date you schedule the purchase. Example:
You have €12,000 to buy Bitcoin on 01/01/2022 and you can choose between:
A purchase of €12,000 at that moment (instant purchase):
Obtaining a purchase price of €44,000 (BTC quote price at that moment).
Buying €1,000 for 12 months on the 1st of each month (recurring purchase):
Obtaining an average purchase price of €28,000 (average between all purchases made).
Additionally, when you program a recurring purchase, you can check the option to deposit the purchases directly into EARN. You won't have to be on top of your purchases and transfer the balance to the Bit2Me staking service so that they generate profits from the first minute.
For more information about this investment strategy, you can check the following article: How to do a Dollar Cost Averaging (DCA) strategy
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