Recurring purchases (aka dollar-cost-averaging or “DCAs”) are a way to buy bitcoin in set amounts at regular intervals. This is often viewed as a preferable way to get into bitcoin because 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 or linked bank account, then visit your Bitcoin screen and follow these steps:

1. Tap “Set a recurring purchase” card (or tap “Buy” bitcoin, then Configure)
2. Set your desired frequency
3. Set a start date and time
4. Enter the cash amount to buy at your set frequency then tap “Next”
5. Tap Cash balance if you want to change your payment method (if applicable)
6. Confirm the purchase

Your initial bitcoin purchase will execute at your selected start date and a recurring purchase will be set up to repeat automatically 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. You can review your active recurring purchases on your Bitcoin screen, under the “Open orders” section.

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. You can pause and resume your DCA at any time without resetting your fees; waived fees will continue right where you left off.

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: You can set multiple recurring purchases, however, you can only set one per frequency (one daily, one weekly, one monthly, etc…)
• 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

You can also change or cancel your DCA at any time by visiting the "Open orders" section of your Bitcoin screen and following these steps.