What are Recurring Purchases of Kriptomat? How does it work? Table of Contents
Recurring Purchases help you increase your portfolio automatically.
By planning and automating your future purchases you can lower the average price of purchases over time.
Why use Recurring Purchases?
Creating a cryptocurrency portfolio involves many uncertainties and risks. When you trade regularly it is possible to potentially reduce risks.
- Timing the market
- The difficult to know when to buy, and instead of worrying about the current price, some people prefer to buy periodically and thus obtain the best average price.
- Reduces the risk of daily trading
- Many of the people who trade on a daily basis run the risk of losing money. Trade less, earn more with automated Recurring Buyers.
- Remember to buy every month
- You can make a purchase for yourself every month or week manually, but why waste time when you can automate it?
Check how much Bitcoin you could have acquired and its value at the current price.
Go to Kriptomat Official Website
How do Recurring Purchases work?
- Set up Recurring Payment
Link your credit card or use your FIAT balance and choose the assets you want to add to your portfolio. - Select Frequency and Amount
Choose how often and how much you want to buy. The daily limit is € 1,000, while the monthly limit is € 5,000. - Multiple Recurring Purchases
Don’t depend on just one asset. Configure up to 3 Recurring Purchase Plans and watch your portfolio grow automatically.
Set up an automated recurring purchase with any of the fastest-growing digital assets.
FAQs about Kriptomat’s Recurring Purchases
- What cryptocurrencies can I buy with the Recurring Purchases option?
- You can buy all the coins and tokens that Kriptomat has available. At this time purchases can only be made in euros.
- What payment methods can I use?
- The only payment method accepted right now is with your FIAT balance. You can fund your account with FIAT currency through a SEPA deposit. Kriptomat suggests you follow the link and read how you can easily add FIAT to your Kriptomat account through the payment option.
- What is the amount that I can set up with the recurring purchase option?
- You can use the funds available in your euro account to set up your recurring purchases. You can also select the amount you want to buy. It can be any amount between EUR 50 and EUR 1,000.
- What is the purchase frequency?
- You can buy cryptocurrencies with weekly, biweekly and monthly frequencies. After you have selected the best option for you, you can also choose which day of the week, month and time of purchase.
- Is there a limit?
- The daily limit is 1,000 EUR, while the monthly limit is 5,000 EUR. Before each order is executed you will receive an email as a reminder, notifying you that the purchase will be made.
Go to Kriptomat’s Official Website
Please click "Introduction of Kriptomat", if you want to know the details and the company information of Kriptomat.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...