Recurring purchases are a way to buy bitcoin in set amounts at regular intervals. This is sometimes referred to as dollar-cost-averaging (DCA) and is often viewed as a preferable way to get into bitcoin, as it can help mitigate price volatility.

How to set a recurring purchase

To set a recurring bitcoin purchase, ensure you have sufficient cash in your cash balance, then visit your Bitcoin screen and follow these steps:

1. Tap the “Set a recurring purchase” card
2. Set your desired frequency
3. Enter the cash amount to buy at your set frequency
4. Tap “Next”
5. Confirm the purchase

Your bitcoin purchase will be executed immediately and a recurring purchase will be established according to your set frequency. For example, a £10 weekly recurring purchase started at 11 am on Monday will repeat every Monday at approximately 11 am, provided there is sufficient cash to make the purchases.

No fee DCA

Bitcoin trading fees apply when buying bitcoin, but with recurring purchases, fees are waived after the first week for hourly and daily purchases, and starting with the 2nd purchase for weekly and monthly purchases.

Recurring purchase limits

Please note, The following limits apply to recurring purchases:

• Min/Max: The minimum is £0.01 and the maximum is your cash balance
• Payment method: Recurring purchases using linked bank accounts and debit cards are not currently available
• Multiple DCAs: Only one recurring purchase can be set at a time
• Date & time: The date and time of the recurring purchase can only be set via your initial purchase (not at a custom time)
• Insufficient funds: Insufficient funds from your selected payment method at the time of a purchase will result in that purchase failing, which you will be notified of via in-app notification
• Failures: If your recurring purchase fails three cumulative times due to an insufficient cash balance, it will be automatically cancelled