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Bitfinex introduces Recurring Buy on mobile app to support dollar-cost averaging without timing the market
Bitfinex announced the availability of its Recurring Buy feature in the mobile app, enabling users to automate regular cryptocurrency purchases with zero trading fees as a dollar-cost averaging strategy.
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Bitfinex has introduced the Recurring Buy feature on its mobile app, allowing users to automate cryptocurrency purchases according to a specified schedule with zero trading fees. According to a post and details from the Bitfinex blog, the tool is designed to support a dollar-cost averaging strategy by letting users select the asset, amount, frequency, and timing of each purchase, aiming to reduce the impact of attempting to time the market.
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How to set up Recurring Buy on Bitfinex
To participate in the Bitfinex Recurring Buy feature, open the Bitfinex mobile app and activate Lite Mode in your account settings. Go to Trade, select your preferred cryptocurrency, and tap Buy. Switch the order type from "One-Time" to "Recurring," then set the amount and schedule (daily, weekly, or monthly) along with the specific day and time. Make sure your Exchange Wallet on Bitfinex is funded to allow for automatic execution of your orders. Users can access this feature via the official sign-up link.
Bitfinex is a cryptocurrency exchange that allows users to trade a wide range of cryptocurrencies and fiat pairs, such as Bitcoin, Ethereum, Litecoin, USD, EUR, GBP, and JPY. The platform offers a proprietary trading terminal with a mobile app, supports margin trading with leverage up to 1:10 (or up to 1:100 for derivatives), customizable orders, a demo account, and investment options like staking and deposits. For more details on its features, see the broker profile on Traders Union.
For context, our earlier news about Bitfinex highlighted the launch of a remote Transaction Monitoring Analyst role focused on compliance and financial crime detection; you can read more in the previous Bitfinex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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