What are the best ways to set up recurring investments in cryptocurrencies?

3 answers

• Feb 18, 2022 · 3 years ago
  One of the best ways to set up recurring investments in cryptocurrencies is by using a cryptocurrency exchange that offers a recurring investment feature. This allows you to automatically invest a set amount of money at regular intervals, such as weekly or monthly. By setting up recurring investments, you can take advantage of dollar-cost averaging, which can help mitigate the impact of market volatility. It's important to choose a reputable exchange that offers this feature and has a wide selection of cryptocurrencies to choose from.
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• Feb 18, 2022 · 3 years ago
  If you prefer a more hands-on approach, you can set up recurring investments in cryptocurrencies by manually purchasing a set amount of cryptocurrency at regular intervals. This can be done through a cryptocurrency exchange or a peer-to-peer trading platform. However, it's important to note that this method requires more time and effort on your part, as you'll need to monitor the market and make the purchases yourself. Additionally, it's crucial to do thorough research and stay informed about the cryptocurrencies you're investing in to make informed decisions.
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• Feb 18, 2022 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that offers a recurring investment feature. With BYDFi, you can easily set up recurring investments in cryptocurrencies and automate your investment strategy. This can be a convenient option for those who want to regularly invest in cryptocurrencies without the hassle of manually making purchases. BYDFi also provides a wide range of cryptocurrencies to choose from, allowing you to diversify your investment portfolio. However, it's always a good idea to do your own research and consider other exchanges as well to find the best fit for your investment needs.
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