Easily check the result of setting up your own Dollar Cost Averaging (DCA) strategy or recurring purchases of Avalanche over a period of time.
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The above information should not be considered financial advice.
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.
At Bitnovo, we offer you the possibility to configure your own DCA strategy for Avalanche. To do this, simply visit our platform and, when making a purchase of Avalanche, 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 Avalanche 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
No strategy is completely safe. DCA can help reduce the impact of volatility in the case of Avalanche, but it is important to remember that Avalanche is highly volatile. We invite you to read and understand the risks associated with cryptocurrency purchases, which are explained in detail at this location.
There is no difference, a DCA strategy is simply a strategy based on making recurring purchases.
We allow recurring purchases of Avalanche to be configured at different intervals: 1 day, 3 days, 7 days, 15 days, and 30 days.
You can make recurring purchases of Avalanche using a credit or debit card or your Euro Wallet balance.
If for any reason one of your recurring purchases of Avalanche 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.