At BLOX, it is now possible to set up Recurring buy!
With this new feature, you can automatically and regularly purchase cryptocurrencies by setting up a Recurring transfer (with your unique BLOX payment reference) in your own banking environment.
This allows euros to be periodically and automatically deposited into your BLOX Vault, after which we will make a crypto purchase for you in the selected currency!
So Recurring buy offers the opportunity to invest a fixed amount regularly in cryptocurrencies, also known as Dollar Cost Averaging (DCA). This strategy is widely used in the crypto world. It involves investing a total amount in small, periodic steps rather than all at once.
This spreads the average purchase price across multiple purchase moments. This purchasing method requires less attention and allows you to achieve an average purchase price over the longer term.
The entire process is fully automated after you have set up the Recurring transfer in your banking environment! Need help setting it up? Check out this article:'How to set up Recurring buy?'