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How does recurring buy on Coinbase Pro work?

avatarAbdulAziz2001Nov 23, 2021 · 3 years ago3 answers

Can you explain how recurring buy works on Coinbase Pro? I'm interested in setting up automatic purchases of cryptocurrencies on the platform.

How does recurring buy on Coinbase Pro work?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    Sure! Recurring buy on Coinbase Pro allows you to schedule automatic purchases of cryptocurrencies at regular intervals. You can choose the frequency (daily, weekly, or monthly) and the amount you want to invest each time. This feature is great for dollar-cost averaging, which helps reduce the impact of market volatility on your investments.
  • avatarNov 23, 2021 · 3 years ago
    Recurring buy on Coinbase Pro is a convenient way to regularly invest in cryptocurrencies without having to manually place orders. It's a popular strategy for long-term investors who want to accumulate assets over time. By setting up recurring buy, you can take advantage of market dips and potentially benefit from the long-term growth of cryptocurrencies.
  • avatarNov 23, 2021 · 3 years ago
    BYDFi, a digital currency exchange, also offers a recurring buy feature similar to Coinbase Pro. With BYDFi's recurring buy, you can automate your cryptocurrency purchases and customize the frequency and amount. It's a great way to build your crypto portfolio gradually and without much effort. Give it a try!