How does fidelity's recurring buy option work for buying cryptocurrencies?

3 answers

• Book N DriveMay 03, 2023 · 2 years ago
  Fidelity's recurring buy option allows investors to automatically purchase cryptocurrencies at regular intervals. This feature is designed to help investors build their cryptocurrency portfolio over time without the need for manual transactions. By setting up a recurring buy, you can specify the amount and frequency of your purchases. Fidelity will then execute these purchases on your behalf, ensuring that you consistently invest in cryptocurrencies without having to actively monitor the market. This can be a convenient and efficient way to accumulate cryptocurrencies over the long term.
  594

  297
• Anli LiuNov 02, 2023 · 2 years ago
  With Fidelity's recurring buy option, you can set up automatic purchases of cryptocurrencies on a regular basis. This feature is great for investors who want to take advantage of dollar-cost averaging, which involves investing a fixed amount of money at regular intervals. By spreading out your purchases over time, you can potentially reduce the impact of short-term price fluctuations and build your cryptocurrency holdings steadily. Fidelity's recurring buy option simplifies the process by automating the purchases, making it easy for investors to consistently invest in cryptocurrencies without the need for constant monitoring or manual transactions.
  656

  219
• Claudio Afonso HenriquesApr 18, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also offers a recurring buy option similar to Fidelity. With BYDFi's recurring buy feature, investors can set up automatic purchases of cryptocurrencies at regular intervals. This allows investors to take advantage of dollar-cost averaging and build their cryptocurrency portfolio over time. BYDFi's recurring buy option is a convenient way to consistently invest in cryptocurrencies without the need for manual transactions or constant monitoring. It's a great tool for investors who want to gradually accumulate cryptocurrencies and benefit from long-term price appreciation.
  619

  155