Dollar Cost Averaging (DCA) with CoinJar Bundles Recurring Buy is now available on CoinJar, allowing you to set up weekly, fortnightly, or monthly purchases at your chosen rate. Use your debit or credit card to set up automated crypto purchases within your CoinJar iOS or Android app. (Card purchases are not available as yet in Ireland).
What is Dollar Cost Averaging (DCA)?
DCA is a commonly used investment strategy that allows you to automatically buy crypto with your debit or credit card regularly and purchase CoinJar Bundles to ensure a diversified portfolio.
Any crypto investment can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods.
Benefits of CoinJar’s Recurring Buy
- It doesn’t require a significant up-front investment
- Set and forget - you won’t have to log in each month to purchase cryptocurrency
- A low 2% debit/credit card fee
- Cancel and withdraw at anytime
CoinJar recommends using debit cards because credit card purchases might incur additional fees if your financial institution chooses to classify these transactions as cash advances. Irish customers must use bank transfers, however.
How to set up CoinJar Bundles with Recurring Buys
1. After opening the CoinJar App, select CoinJar Bundles under the “Your CoinJar” section.
2. Select a Bundle
3. Select “Add Funds/Add Funds to Bundle”
4. Select “Set up recurring buy”
5. Choose your Payment method. If you are yet to add a debit/credit card to your CoinJar you will be presented with the option to add one.
6. Create your Payment Schedule (amount, starting date, and frequency)
To learn more, please visit CoinJar Support.
If you have further questions, please visit our Knowledge Base article or contact our support 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.
