What are Bitso Auto-Invest?
Bitso’s Auto-Invest tool allows you to make recurring purchases and sales within the platform.
You just have to set which coins you want to buy, how often – daily, weekly, monthly, etc. – and in what amount and the exchange takes care of it automatically.
Many specialists in the cryptocurrency market assure that these types of investment which follow the Dollar-Cost Averaging (DCA) strategy– are ideal for long-term investment in any type of asset, including bitcoin (BTC).
Do you want to know more about Bitso Auto-Invest and how to use this tool effectively?
What is a DCA strategy?
Dollar Cost-Averaging is a strategy to invest in any type of asset: cryptocurrencies, stocks, goods or commodities.
How does it work? Instead of making large purchases or sales based on market movements, you set an amount of money to purchase a specific asset on a recurring basis.
For the strategy to be successful, you must exercise it over the long term.
The key is to set a specific period during which you want to apply it. At the end of that phase, you take an average of what you received and you get your average profit.
Why is it interesting to apply DCA in your finances? There are several reasons:
- you free yourself from the stress and anxiety of being constantly aware of market dynamics to get the most out of your investment
- It is a simple method, used by both novices and experts. If you are just getting into the crypto world, this strategy may be a good option for you;
- It’s a process that many exchanges automate, so you don’t have to worry about keeping track, buying and selling all the time.
Go to Bitso’s Official Website
How do Bitso Auto-Invest work?
With Bitso’s Auto-Invest, you can set a recurring timeframe for the platform to convert cryptocurrencies or digital fiat money, which will be deposited directly into your account.
It’s just a matter of clicking the tool and specifying all the details of your transactions.
Bitso allows you to schedule up to 10 investments at a time; you can allocate your budget to various types of promising cryptocurrencies, thus maximizing your chances of making a profit over time.
On the other hand, if you no longer want to use Bitso’s Auto-Invest, you can cancel them at any time and without any limit.
Benefits of Bitso Auto-Invest
Bitso is a platform that goes far beyond what is expected of an exchange. Next, discover all the advantages of using Bitso’s Auto-Invest:
Go to Bitso’s Official Website
Effective investment to deal with volatility
One of the main benefits of using Bitso’s Auto-Invest and DCA strategy is that it is an effective way to combat the volatility that is characteristic of the cryptocurrency market.
When you make purchases or sales at the moment, depending on the market trend, you may find abrupt rises and falls in value that may affect you to a greater or lesser extent.
It is not the same to sell, for example, a cryptocurrency at $100 USD, than at $300 USD.
With Bitso’s Auto-Invest, you can forget about market dynamics and bet on a long-term project where, by investing on a recurring basis, you have greater guarantees of profiting in the future.
Absolute security over the assets you buy
Bitso has various security protocols that guarantee the tranquility of your operations within the platform:
- Distributed Ledger Technology (DLT) license, regulatory framework under which all operations, transactions and custody of funds are under constant supervision and monitoring by the Gibraltar Financial Services Commission and an independent third party.
- Theft insurance policy provided by Coincover, which applies to all assets within the exchange.
- All operations with local currencies are processed by financial institutions regulated in their respective jurisdictions, which represents another layer of security when making your transactions on Bitso.
Generation of returns from your cryptocurrencies
The purchase of cryptocurrencies goes far beyond your Auto-Invest: through Bitso+, the BTC, ether (ETH) and USD Stablecoins that you have in your account generate returns and multiply progressively.
Yes, just for the sake of having them! Thus, by buying any of these cryptocurrencies in your Auto-Invest, you get even more profit.
Go to Bitso’s Official Website
Bitso Auto-Invest FAQ
- What exchange rate does Bitso use?
- Given their volatile nature, cryptocurrencies can have constant rises and falls in value depending on market dynamics. Therefore, Bitso operates according to the market value of these digital assets.
- How much does Bitso charge per investment?
- When you make a investment, Bitso immediately shows you the cost of the purchase or sale, with the investment cost included. The price of the investment may vary slightly from the last market price of the asset, since Bitso protects your transaction from sudden rises and falls with that small difference. However, you will not be surprised: the price that the platform shows you is the price you pay, neither more nor less.
- Is DCA the only strategy Bitso supports?
- Nope! Bitso is a platform that gives you all the tools to take your experience in the cryptocurrency market to new levels. Bitso Auto-Invest are just one of the options available to you, but you can proceed with other features and strategies, such as stop-overs and stop-losses on Bitso Alpha, manual investment, etc.
- When do Bitso Auto-Invest come out?
- The date is very close! As of October 17, all Bitso users will be able to take advantage of the benefits of Auto-Invest and have one more tool to organize their finances.
Go to Bitso’s Official Website
Please click "Introduction of Bitso", if you want to know the details and the company information of Bitso.
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...