Calculate DCA on Tether
Easily check the result of setting up your own Dollar Cost Averaging (DCA) strategy or recurring purchases of Tether 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 Tether?
At Bitnovo, we offer you the possibility to configure your own DCA strategy for Tether. To do this, simply visit our platform and, when making a purchase of Tether, 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 Tether 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 Tether?
No strategy is completely safe. DCA can help reduce the impact of volatility in the case of Tether, but it is important to remember that Tether 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 Tether?
There is no difference, a DCA strategy is simply a strategy based on making recurring purchases.
How often can DCA or recurring purchases of Tether be configured?
We allow recurring purchases of Tether 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 Tether?
You can make recurring purchases of Tether using a credit or debit card or your Euro Wallet balance.
What happens if my recurring purchase of Tether fails?
If for any reason one of your recurring purchases of Tether 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.