How to Dollar Cost Average (DCA) into crypto with BTC Markets

Introduction to Dollar Cost Averaging (DCA)

Dollar Cost Averaging (DCA), also known as recurring transactions, allows you to automate the purchase of digital assets on BTC Markets. With this feature, you can schedule purchases to occur daily, weekly, or monthly at a time that suits you. This approach enables you to build your portfolio steadily over time, reducing the impact of market volatility.

BTC Markets has expanded the list of assets available for DCA, now including SOL, USDT, SUI, HBAR, ADA, AVAX, XLM, DOT, and NEAR alongside previously supported assets such as BTC, XRP, ETH, LTC, LINK, and ALGO.

How to set up Dollar Cost Averaging (DCA)

Setting up a DCA transaction is simple and can be done in a few easy steps:

1. Navigate to the ‘Dollar Cost Averaging (DCA)’ tab in the Buy/Sell section of your BTC Markets account.

2. Click the ‘Create’ button in the top right corner.

3. Enter transaction details in the pop-up window:

• Asset: Select the digital asset you wish to purchase.
• Amount: Enter the AUD amount for each recurring purchase (minimum $10, maximum $1,000).
• Repeat: Choose whether transactions occur daily, weekly, or monthly. You can specify the days of the week or the date of the month.
• Time of day: Select when you want the transaction to be executed.
• Time zone: Choose your time zone by entering the name of your capital city.

4. Click continue to confirm the details and complete the setup.

5. Your DCA plan will now appear in the ‘Dollar Cost Averaging (DCA)’ section of your account.

Note: If a transaction cannot be processed due to insufficient funds, you will be notified by email. In the event of a system outage, the transaction may not be executed.

Tips for getting the most out of DCA

• Use DCA to avoid timing the market and reduce the impact of short-term price fluctuations.
• Diversify your recurring purchases by selecting multiple assets.
• Monitor your transactions to ensure you maintain sufficient funds.

Start your DCA journey today!

Set up a recurring transaction on BTC Markets and build your crypto portfolio with confidence.

Start Dollar Cost Averaging (DCA) today!

If you have questions, please reach out to our support team for further assistance.

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