Dollar Cost Averaging (DCA) with CoinJar Bundles Recurring Buy is now available on CoinJar, allowing you to set up weekly, fortnightly, or monthly purchases at your chosen rate. Use your debit or credit card to set up automated crypto purchases within your CoinJar iOS or Android app.
What is Dollar Cost Averaging (DCA)?
DCA is a commonly used investment strategy that allows you to automatically buy crypto with your debit or credit card regularly and purchase CoinJar Bundles to ensure a diversified portfolio.
Benefits of CoinJar’s Recurring Buy
- It doesn’t require a significant up-front investment
- Set and forget - you won’t have to log in each month to purchase cryptocurrency
- A low 2% debit/credit card fee
- Cancel and withdraw at anytime
CoinJar recommends using debit cards because credit card purchases might incur additional fees if your financial institution chooses to classify these transactions as cash advances.
How to set up CoinJar Bundles with Recurring Buys
1. After opening the CoinJar App, select CoinJar Bundles under the “Your CoinJar” section.
2. Select a Bundle
3. Select “Add Funds/Add Funds to Bundle”
4. Select “Set up recurring buy”
5. Choose your Payment method. If you are yet to add a debit/credit card to your CoinJar you will be presented with the option to add one.
6. Create your Payment Schedule (amount, starting date, and frequency)
To learn more, please visit CoinJar Support.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more: www.coinjar.com/uk/risk-summary.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in Australia by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC; and in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).