Level Up Your Crypto Investments with the Power of DCA and Auto Invest
In today’s “How To” edition, we’ll look at how you can put your crypto investments on autopilot with Auto Invest. With this feature, you can set up your crypto investment plan with a single 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.
Key Takeaways
- Auto Invest automates your crypto investments using Dollar Cost Averaging (DCA).
- With DCA you regularly buy crypto for a fixed amount, averaging out the price over the long term.
- Auto Buy lets you set recurring buy orders starting at €10, without emotional stress.
- Auto Withdraw ensures your crypto is automatically transferred to your personal wallet.
- You can easily set up Auto Invest via your Finst account by choosing crypto or Bundles, setting an amount and frequency, and relaxing.
What is Dollar Cost Averaging (DCA)?
Auto Invest uses Dollar Cost Averaging (DCA). That may sound complicated, but it’s actually super simple. Instead of trying to guess when the market is at its lowest, you automatically buy a fixed amount of crypto, for example every week or every month. Sometimes you’ll buy at a higher price, sometimes lower, but over the long run the price averages out.
The best part: you no longer need to worry about the “right time” to invest. You just invest regularly, without stress and without emotions like FOMO or panic influencing your decisions. This way you build a position step by step and steadily work toward your long-term goals.
What are Auto Buy and Auto Withdraw?
Auto buy ensures you don’t have to spend hours deciding when to buy crypto. With auto buy you can easily set up recurring buy orders—weekly, biweekly, or monthly—starting from as little as €10.
With Auto withdraw you can automatically withdraw crypto. This is especially useful if you prefer to store your crypto in your personal wallet. A widely used external wallet among crypto investors is Ledger. Within your Finst account, you can easily enable automatic withdrawals and receive your crypto in your personal wallet after every investment.
How to Set Up Auto Invest
Step 1 – Navigate to Auto Invest
Log in 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 left-hand menu. In the mobile app, you can find Auto Invest by clicking the "Menu" option at the bottom right of the home screen.
Step 2 – Choose your favorite crypto or Bundle
Once you’re on the Auto Invest page, click the "Start Investing" button and select the 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 want to invest and decide your purchase frequency: daily, weekly, biweekly, or monthly. You can pause and adjust this at any time. You can also set up auto withdraw here by selecting your wallet and entering the wallet address.
Step 4 – Relax and watch your crypto grow
Just make sure you have enough EUR balance to execute your Auto Invest, and we’ll take care of the rest.
Watch the video below for a tutorial on how to set up Auto Invest.
Taking Auto Invest to the Next Level
Auto Invest and Bundles
Unlock the ultimate autopilot for your crypto investment plan by combining Auto Invest with Crypto Bundles. Use auto buy together with one of our crypto Bundles and enjoy the power of automated diversification with a single 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 compound interest with our competitive staking APY.
Final thoughts
In summary, Auto Invest is a great way to automate your crypto investment strategy so you can sit back and watch your crypto wallet grow. With auto buy, you can easily top up your wallet automatically, just as easily as paying for your Spotify or Netflix subscription. Enabling auto withdraw simplifies the process of moving your crypto to your personal wallet. And last but not least, combining Auto Invest with Bundles and/or staking is an excellent way to get that little extra out of your crypto investment.
