What are recurring purchases or periodic purchases?
Updated on Thu, 30 Mar, 2023 at 3:59 PM
The recurring purchase is a tool to schedule your regular purchases periodically, in this way you will able to obtain an average quoted price automatically. With this tool you will be able to reduce the volatility of the market, saving time and effort.
You can schedule your purchases periodically on a daily, weekly and monthly basis. So the platform will execute the purchases daily, once a week or once a month for the amount in € that you have indicated and counting from the date on which 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 on the spot:
Obtaining a purchase price of 44.000€ (BTC quotation price at that moment).
Buy €1,000 for 12 months on the 1st of each month:
Obtaining an average purchase price of €28,000 (average of all purchases made).
In addition, when you schedule a recurring purchase, you can check the option to deposit your purchases directly into EARN. You will not need to keep track of your purchases and transfer the balance to the Bit2Me staking service to generate profits from the first minute.
For more information on this investment strategy, please check the following article: How to make a Dollar Cost Average (DCA) strategy
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