You can set up automatic purchases of bitcoin (or stock) to occur every day, week, or 2 weeks.
You don’t need perfect timing if you’re thinking long-term. Auto Invest lets you set it and forget it by dollar-cost averaging, which is an investing term for regularly buying small amounts over time. By spreading purchases out, you can minimize the impact of market swings.
To schedule a automatic Bitcoin purchase:
- Navigate to the Bitcoin investing screen
- Tap Buy
- Select the desired frequency from the drop down menu where it says “One-Time Purchase”, then tap Done
- Select a preset amount or tap … and enter a custom amount, then press “Next”
- Tap Confirm to schedule your automatic purchase
Note: There is a $10 minimum for Auto Invest purchases
To cancel an automatic purchase, you have two options.
Option 1
- Navigate to the Bitcoin investing screen
- Scroll down to see your active Auto Invest purchase
- Tap on the purchase
- Press the cancel button
- Confirm the cancellation
Option 2
- Navigate to the Activity tab
- Select a receipt for the active bitcoin Auto Invest purchase
- Tap … in the upper right
- Press the cancel button
- Confirm the cancellation