Bitcoin Auto-Investing Apps: The Easiest Way to Get Started With Digital Asset Investing – Bitcoin Market Journal

Buy EUR
investing applications have exploded into the mainstream, opening up many doors for those seeking a variety of investment opportunities. Auto-Investing apps are ahead of the battalion in that they offer simplicity and relief of use for digital asset investors of all sizes, specially those looking to capitalize on one of the most popular investment strategies ever created : dollar-cost averaging .
fortunately, for investors looking for digital asset exposure, there are besides bitcoin auto-investing apps that permit you to dollar-cost average into bitcoin .

What Is Dollar-Cost Averaging?

Dollar-cost average is a dim-witted endow strategy that involves making even, situate dollar amount investments into an asset or fund to accumulate wealth over time.

Warren Buffet, Dave Ramsey, and hundreds of other investors have championed this method. The concept revolves around solitaire and a steady stream of cash to investments, such as ETFs or common funds .

“ If you like spending six to eight hours per workweek working on investments, do it. If you don ’ thymine, then dollar-cost average into index funds. ” – Warren Buffet

Should an investor systematically deposit funds once a week into an S & P 500 ETF with approximately 7-9 % returns a year, the individual will not fall victim to market volatility because the buy price averages out through those up and down periods .
Auto-investing at regular intervals means you will not have to spend time watching the markets in an attempt to determine the best fourth dimension to buy and sell .

How Does it Work?

DCA dollar cost averaging.
Auto-investing in bitcoin follows the accurate same process as dollar-cost average in an ETF or common investment company .
For example, let ’ s say you want to invest $ 100 into bitcoin every week. Should the price of the digital currency fall, your $ 100 will just buy you more bitcoin. If the price rises, your hebdomadally investment will buy you less bitcoin. By taking this approach, you can “ average out ” the price you pay for bitcoin over time .
Since bitcoin ’ s price fluctuations can be severe, you might find yourself buying into the digital currency at a high detail, only to see its respect decline precipitously. alternatively, you might sell your bitcoin, thinking the marketplace has hit a acme, entirely to find bitcoin enjoys noteworthy gains in a short time skeletal system .

A Bitcoin DCA app connects to the user’s bank account and periodically withdraws a fixed amount, placing the cash into bitcoin to enable the user to “stack sats” (i.e. invest in bitcoin) on auto-pilot.

Auto-investing gives people the ability to passively invest without lifting a finger, and anyone can set this up in a count of minutes. The ( potential ) bribe will be earned over a longer period .

Top Bitcoin DCA Apps

several bitcoin investment apps crack users the choice to set up recurring investments in digital assets. Bitcoin Market Journal has compiled a list of the best apps for passive crypto induct .

Items To Be Rated Description Launch Year DCA Fees Minimum Investment Trustpilot Rating Twitter Followers Score
BullBitcoin BullBitcoin is an online exchange platform specifically for Canadians. The exchange offers users the option to buy, sell, or spend Bitcoin with the help of the platform. It’s important to note that BullBitocin only offers daily deposits and users must have their own BTC wallets. 2015 0.5% – 1.25% Bitcoin Seeling Fee 10 4.6 13100 4.5
Independent Reserve Independent Reserve was founded in 2013 in Sydney, Australia. IR offers users a variety of tools like auto-investing, OTC markets, and education resources to Australians who are looking to learn more about the blockchain industry. 2013 Fees are based on volume and range from 0.05% to 0.55%. 50 3.8 6121 4
Bitaroo Bitaroo is committed to being a bitcoin-only exchange, offering users one of the best beginner platforms for those new to digital asset investing. They expand to DCA accounts in 2020, promising extremely low fees coupled with an easy-to-use interface. Bitaroo is a 100% Australian-backed company specifically for those living down under. 2018 Range from 0% – 0.19% 10 4.5 1298 4
Swan Bitcoin SwanBitcoin, a project launched in March 2020, provides a simple and easy way to set up recurring investments in bitcoin. The UI is very user-friendly as it instructs users on how to set up weekly deposits in a clear and concise manner. The app is available to everyone in the United States except for residents of New York. 2020 SwanBitcoin structures their fees based on the amount invested per week. Investors can pay as liitle as 0.99% or as much as 2.29%. 10 4.5 19500 4
Relai Based out of Switzerland, Relai does not require users to create an account or register through KYC, which makes the process incredibly fast when compared to other apps. Relai has only recently launched but has already experienced substantial user growth – primarily in the German-speaking market. 2019 3%, 2.5% with a referral code 10 4 2684 3.5
CoinCorner CoinCorner is a UK-based platform with over 200,000 users. Similar to many digital asset investing apps, CoinCorner first launched their platform with only buy/sell features, but they gradually instituted auto-investing so that users could dollar-cost average bitcoin. 2014 CoinCorner has designated fee structure for auto-investing. Fees range from 2 GBP to 1% + 1 GPB. £10.00 3.3 6758 3.5
Coinbase Coinbase has established itself as one of the most popular and user-friendly exchanges in the world. The trading platform offers recurring investments on a daily, weekly, bi-weekly, and monthly basis for all of its exchange-supported digital assets. Investors in the US, Canada, United Kingdom, and Europe can access and use the platform. 2012 Fees range depending on amount and jurisdiction. The U.S has a base rate of 3.99%. 2 2 2100000 3.5
CashApp CashApp, a mobile payment service developed by Square Incorporated, has long been used for monetary transactions among peers. In February of 2018, CashApp expanded to include Bitcoin trading and, later, auto-investing. If you live in the United States, you can set up automatic purchases of bitcoin to occur every day, week, or two weeks. 2015 CashApp charges a 1.76% fee for Bitcoin transactions, whether buying or selling. 10 1.7 1200000 3.5

Should You Use a Bitcoin Auto-Investing App?

The barriers to entry for digital asset investing have lento disappeared over the past ten. What was once considered a taboo virtual currentness investment has now transformed the way in which we think about money .
Auto-investing apps might offer the most commodious path to wetting one ’ south feet in the digital asset investment space. The minimums tend to be either highly low or nothing at all, and opening an account can take arsenic small as ten-spot minutes .
If you ’ re new to investing, auto-investing apps provide the perfect balance between department of education and feel, allowing users to learn about their investments while depositing a few dollars to watch it work in real-time .

Conclusion

If you believe in the future of Bitcoin and want to start building a ample place, then bitcoin auto-investing apps offer the ideal avenue to do so. These apps enable you to auto-DCA bitcoin in an easy and hassle-free manner that enables even those with short to no investing cognition to become Bitcoin investors .
Further Reading:
Stay up to date with everything Bitcoin and blockchain. Subscribe to Bitcoin Market Journal nowadays !

Leave a Comment

Your email address will not be published.