You can now Dollar-Cost Average (DCA) into any cryptocurrency on CoinJar. That's right, you're no longer limited to just Bundles.

DCA is a strategy used by some investors, where you invest small amounts regularly, regardless of the price. This investment approach involves:

• Investing at set intervals across a long period of time, you purchase crypto when the market is up and down. Some investors take the approach that this may “smooth out the volatility of the price” of the specific crypto you are investing in but please be aware crypto investments are very volatile and there is no guarantee the price can or will recover.
• Build your portfolio gradually: No need for a big lump sum investment.

What’s New

While you've always been able to DCA into our Bundles, now you have the freedom to choose any individual crypto you want. Want to DCA into Bitcoin, Ethereum, or even the latest memecoin? Go for it!

Here's the best part:

• Low Fees: Only a 1% fee for debit/credit card purchases (that's half our standard card fee!). We currently don't accept card payment in Ireland, bank transfer only.
• Set and Forget: Automate your purchases weekly, fortnightly, or monthly.
• Total Control: Cancel or adjust your recurring buy anytime.

Ready to DCA?

1. Open your CoinJar app (make sure it's updated!).
2. Select Buy/Sell and then the crypto you want.
3. Tap "Buy".
4. Choose "Recurring".
5. Select your payment method (we recommend a debit card to avoid potential extra fees from your bank).
6. Set your amount followed by a schedule and you're good to go!

Customers can now use their Cash Accounts for Recurring Buy as an alternative to purchases using a debit or credit card. Set up a Recurring Buy using your Australian Dollar (AUD), British Pounds (GBP), or Euros (EUR) Cash Accounts to buy cryptocurrency on a schedule. 

This enhancement provides increased flexibility for customers who wish to access fiat currency stored in CoinJar while maintaining their automated cryptocurrency purchase schedules.

Happy DCA'ing!

CoinJar Team

The above article is not to be read as investment, legal or tax advice and takes no account of particular personal or market circumstances; all readers should seek independent investment, legal and tax advice before investing in cryptocurrencies. This article is provided for general information and educational purposes only. No responsibility or liability is accepted for any errors of fact or omission expressed therein. CoinJar, Inc. makes no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Past performance is not a reliable indicator of future results.