How to Set up a Recurring Investment in Bitcoin
In this guide, you will learn how to set up a recurring bitcoin investment with as little as €25.
What is a Recurring Investment?
A recurring investment refers to regularly buying an asset to build a large investment position in that asset over time.
For example, say you want to build a stock portfolio composed of European stocks. To do that, you could set up a weekly recurring investment in an ETF that tracks the EURO STOXX 50 stock index. By investing €50 euros weekly for several years, your small investments will grow into a multi-thousand euro stock portfolio.
The technical term for this investment strategy is dollar-cost averaging.
|Dollar-cost averaging involves buying a fixed dollar (or euro) amount of an asset at regular intervals over a long period of time.
The idea behind this investment strategy is to “smooth out” volatility by investing a fixed amount each week or month regardless of the price at which the asset is trading. Moreover, it empowers small investors to build a large investment position over time without having to put a lot of initial capital money down.
Of course, you can apply dollar-cost averaging to bitcoin as well by setting up a recurring bitcoin investment.
In fact, many experts agree that bitcoin is well-suited for dollar-cost averaging due to its volatility and promising risk/reward ratio.
Now, let’s look at how you can dollar-cost average bitcoin by setting up a recurring bitcoin investment with Relai.
Setting up a Recurring Bitcoin Investment in 3 Easy Steps
Arguably, the easiest way to set up a recurring investment in bitcoin is using Europe’s easiest bitcoin investment app, Relai.
Relai allows you to make bitcoin purchases using a bank transfer within minutes. What’s more, it enables you to set up recurring bitcoin investments.
“We have built Relai’s auto-invest feature to enable individuals to start investing in bitcoin in a fully automated manner with as little as €25 on a weekly or monthly basis simply by setting up a recurring bank payment.”Julian Liniger, Relai CEO
We believe that this is a great way to empower young and first-time investors who may have little investable capital to start growing their savings in bitcoin.
To start auto-investing in bitcoin using Relai, all it takes is three simple steps:
- Access the App Store or Play Store and download the Relai app.
- Type in the amount of bitcoin you want to buy (in EUR or CHF). Then, choose whether you want to invest on a weekly or monthly basis.
- Finally, set up a recurring bank transfer for the amount of bitcoin you are buying on a regular basis to complete the auto-invest setup.
And that’s it! That’s all it takes to set up auto-investing in bitcoin with Relai.