How To Level Up Your Crypto Investments with Auto Invest
In today’s “How To” edition we’ll be looking at how you can put your crypto investments on autopilot with Auto Invest. This feature allows you to create your crypto investment plan in one click and maximize your performance with auto buy and auto withdraw. Auto Invest leverages the power of Dollar Cost Averaging (DCA) to help you create the best investment plan for you.
What is Dollar Cost Averaging (DCA)?
Auto Invest uses Dollar Cost Averaging (DCA), a popular strategy among investors to reduce your exposure to market volatility and improve your long-term performance. With DCA, you automatically purchase a fixed amount at regular intervals regardless of market fluctuations and no longer run the risk of timing the market.
What are Auto Buy and Auto Withdraw?
Auto buy eliminates the need to spend hours deciding when to buy crypto. By using auto buy, you can easily set up recurring buy orders weekly, bi-weekly or monthly and start with as little as 10€.
Auto withdraw on the other hand allows you to automate the withdrawal of your crypto. This is particularly handy if you prefer to store your crypto on your personal wallet. A very common external wallet crypto investors use is Ledger. In your Finst account you can easily enable automatic withdrawals and receive your crypto in your personal wallet after each investment.
How to set up Auto Invest
Step 1 – Navigate to Auto Invest
Login to your Finst account and navigate to the Auto Invest tab. If you’re using the desktop platform, you’ll find the Auto Invest tab in the menu on the left hand side. In the mobile app, you’ll find Auto Invest by clicking on the “Menu” option in the bottom right hand side of the home screen.
Step 2 – Choose your favorite crypto or Bundle
Once you’re on the Auto Invest page, click on the “Start investing” button and you’ll be able to select a crypto of your choice or easily diversify your crypto investment with a crypto Bundle.
Step 3 – Set an amount and frequency
Now it’s time to set up auto buy, choose the EUR amount you’d like to invest and decide on your purchase frequency: daily, weekly, bi-weekly or monthly. You can pause and edit it anytime. You can also set up auto withdraw here by selecting your wallet and entering the wallet address.
Step 4 – Sit back and watch your crypto grow
Simply make sure you have enough EUR balance to execute your Auto Invest and we’ll take care of the rest.
For a tutorial on how to set up Auto Invest, check out the video down below.
Taking Auto Invest one step further
Auto Invest and Bundles
Unlock the ultimate autopilot for your crypto investment plan by combining Auto Invest with Crypto Bundles. Use auto buy in combination with one of our crypto Bundles and enjoy the power of automated diversification in one click.
Auto Invest and Staking
Why settle for an automated crypto investment strategy when you can take it one step further? Put your crypto to work by enabling staking and enjoy the power of compounding interests with our market-leading staking APY.
Conclusion
To wrap up this article, Auto Invest is a great way to automate your crypto investment strategy and allows you to sit back and watch your crypto portfolio grow. With auto buy you can easily top up your portfolio on autopilot, it’s as easy as paying for that Spotify or Netflix subscription. Enabling auto withdraw simplifies the process of moving your crypto to your personal wallet. And last but not least, pairing Auto Invest with Bundles and/or staking is a great way to get that little bit extra out of your crypto investment.
