Read on to learn how to set up a bitcoin investment plan using the Relai app.
What is a Bitcoin Investment Plan?
A bitcoin investment plan, also known as a bitcoin savings plan, is an investment approach where you regularly buy bitcoin in an automated manner using an app like Relai.
The idea behind a bitcoin investment plan is to grow your bitcoin wealth over time by investing small amounts of money on a weekly or monthly basis.
In addition to allowing anyone – even investors with small amounts of money – to grow their wealth over time, bitcoin investment plans also reduce the impact of bitcoin’s price volatility as you buy regardless of where the digital currency is trading. As a result, you end up buying at an average price throughout the year.
Given how volatile the price of bitcoin can be, this makes setting up a bitcoin investment plan a somewhat less risky investment approach than buying occasional large one-off amounts in an attempt to time the market.
How to Set Up a Bitcoin Investment Plan with Relai
Relai is Europe’s easiest bitcoin investment app that allows anyone to buy bitcoin without the need for ID verification, account registration, or pre-funding an account. What’s more, it provides a highly popular savings plan feature that allows users to set up an automated bitcoin investment plan.
Setting up a bitcoin investment plan with Relai only takes a few minutes from downloading the app to confirming your regular purchases.
Let’s jump in and walk through the steps.
- Download the Relai app from the App Store or Play Store.
- Create a new wallet and back up your twelve-word recovery phrase.
- Click the + button and choose ‘Buy Bitcoin.’
- Click on ‘One-time’ to switch to weekly or monthly.
- Put in the amount of bitcoin you want to regularly buy.
- Click next to see the ‘Investment Preview,’ and add your bank account’s IBAN as the payment method.
- Click confirm investment and set up recurring payments from your bank account (of which you just shared your IBAN) for the exact amount you want to invest on a weekly or monthly basis. You won’t need a specific payment message. Relai knows the money is coming from you since you have provided your IBAN in the app.
- Finally, click ‘Confirm Investment.’
And that’s it!
Setting up a bitcoin investment plan is that simple with Relai. To start investing in bitcoin today, download the Relai app.