Recurring Buy

Bitvavo offers a convenient Recurring Buy feature that allows you to automatically buy cryptocurrencies from your Euro balance. This cost-averaging feature is also often referred to as Dollar-Cost Averaging (DCA) on platforms where the base currency is the US Dollar, and it enables you to invest in cryptocurrencies without needing to constantly monitor the market.

By making use of the Recurring Buy feature, you authorize and grant Bitvavo the right to deduct funds and fees directly from your Bitvavo account at a random timestamp on the day you selected for your recurring purchase. You understand and agree that the amount of any Recurring Buy depends on the market price of the applicable cryptocurrency at the time of the transaction, and will only be determined once the transaction is executed.

Set up a Recurring Buy

Log in to your Bitvavo app.
In your wallet, tap on the Recurring Buy section (this is only available in the app, not the web version).
Choose the cryptocurrency you want to buy regularly from a variety of available coins.
Choose the day of the month you want to make your recurring buy.
Enter the amount in euros that you'd like to buy of the selected cryptocurrency each month. This amount will be automatically deducted from your euro balance.
Tap Preview to proceed.

Set up an automatic euro transfer

To keep your euro balance funded and ensure your Recurring Buy orders execute successfully, you can set up an automatic transfer from your bank to your Bitvavo account. For detailed information on that process, you can read this article.

Please note that every Bitvavo account has a unique payment reference that needs to be included with the deposit. When you select the option to create a SEPA deposit, you will see an item called "Payment reference" which consists of 10 characters (capitals and numbers).

Delete a Recurring Buy

To delete a recurring order, go to the Recurring Buy section in your wallet.
Tap on the Recurring Buy you wish to delete and then tap the three dots icon on the top right.
Select the Cancel option to stop buying the asset on an automated schedule.

FAQ

What happens if my euro balance on Bitvavo doesn't cover my next Recurring Buy order?

In this case, the order will not be executed. Your Recurring Buy will execute on the next scheduled date, unless you delete it or don't have enough funds in your euro balance.

Do any fees apply?

Yes, the regular fees for trades also apply to Recurring Buy orders. By default, taker fees apply for each Recurring Buy. If you do not have enough available euros, the purchase will not be made.

When will my order be executed?

Bitvavo executes the order at a random time on the day you chose, and this time varies for each execution. This randomization is in place to prevent market manipulation and front-running. If you want to execute a trade at a specific time, we recommend placing the trade manually.

Can I cancel and/or edit my Recurring Buy order any time?

Yes, you can always cancel a Recurring Buy. It's not yet possible to edit a Recurring Buy order.

Can I have multiple Recurring Buy orders for the same asset?

Yes, you can set up as many Recurring Buys as you want, including for the same asset.

Will I receive a reminder before my next Recurring Buy order is executed?

You will receive a notification 3 days before your scheduled purchase for both upcoming transactions and if your balance is too low. These will be sent via email, push message, and inbox message. You will also receive notifications for successful and unsuccessful executions of your Recurring Buy.

Where can I track my overall investments made through Recurring Buy?

You can find this information in both your complete transaction history and the detailed view of each transaction within your Recurring Buy.

What happens when trading of a coin is halted or when the coin is delisted?

When a coin gets delisted and trading of the coin is halted, your recurring buy will be canceled.

Are there any market movement conditions I can determine for my purchase execution?

Every order will be scheduled randomly on the day of execution. For more detailed conditions, we recommend you set up your orders manually.

Can I see the PnL of my Recurring Buy purchases?

No, currently you cannot see an overview of the gains from your Recurring Buy purchases.

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