Calculate DCA on Cardano
Easily check the result of setting up your own Dollar Cost Averaging (DCA) strategy or recurring purchases of Cardano over a period of time.
Cryptocurrency
Amount
Frequency
1 día
3 días
7 días
15 días
30 días
Start date
0,00 €
Invested amount
0,00 €
Portfolio value
The above information should not be considered financial advice.
What is Dollar Cost Averaging (DCA)?
Dollar Cost Averaging (DCA) is a strategy that involves making recurring purchases of a volatile product, such as cryptocurrencies. This strategy is not new and has been used for years in traditional markets such as stocks or currencies. The goal of following this strategy is to reduce the impact of price volatility by averaging the cost of acquiring cryptocurrencies over a specific period of time.
How to create a DCA strategy with Cardano?
At Bitnovo, we offer you the possibility to configure your own DCA strategy for Cardano. To do this, simply visit our platform and, when making a purchase of Cardano, select the option "Make it recurring". There, you can choose the frequency at which you want to make the purchase and the payment method. Setting up your own DCA strategy is really simple. Remember that this strategy helps you reduce the impact of Cardano volatility by averaging the acquisition price. However, please note that any cryptocurrency purchase carries risks, and the information provided above should not be considered financial advice.
Frequently Asked Questions
Is it safe to create a DCA strategy for Cardano?
No strategy is completely safe. DCA can help reduce the impact of volatility in the case of Cardano, but it is important to remember that Cardano is highly volatile. We invite you to read and understand the risks associated with cryptocurrency purchases, which are explained in detail at this location.
What is the difference between DCA and recurring purchases of Cardano?
There is no difference, a DCA strategy is simply a strategy based on making recurring purchases.
How often can DCA or recurring purchases of Cardano be configured?
We allow recurring purchases of Cardano to be configured at different intervals: 1 day, 3 days, 7 days, 15 days, and 30 days.
What payment methods can I use for DCA or recurring purchases of Cardano?
You can make recurring purchases of Cardano using a credit or debit card or your Euro Wallet balance.
What happens if my recurring purchase of Cardano fails?
If for any reason one of your recurring purchases of Cardano fails, we will notify you by email to resolve the issue. However, we will attempt to make the purchase again after 24 hours, and if the recurring purchase fails again, it will be paused.