Is Kraken's recurring buy option available for all cryptocurrencies or only specific ones?
![avatar](https://download.bydfi.com/api-pic/images/avatars/BP9Jm.jpg)
I'm interested in using Kraken's recurring buy option for cryptocurrencies. Can anyone tell me if this feature is available for all cryptocurrencies on Kraken or only specific ones? I want to make sure I can automate my investments in the right cryptocurrencies.
![Is Kraken's recurring buy option available for all cryptocurrencies or only specific ones?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/5c/d546549d6faf53f4d1a1cf64674cbc520bf090.jpg)
3 answers
- Yes, Kraken's recurring buy option is available for all cryptocurrencies listed on their platform. This means you can automate your investments in any cryptocurrency of your choice, whether it's Bitcoin, Ethereum, Ripple, or any other coin available on Kraken. It's a convenient feature that allows you to regularly invest in your preferred cryptocurrencies without having to manually place orders.
Feb 18, 2022 · 3 years ago
- Kraken's recurring buy option is indeed available for all cryptocurrencies. This feature is especially useful for long-term investors who want to dollar-cost average their investments in various cryptocurrencies. By setting up recurring buys, you can spread out your investments over time and potentially reduce the impact of short-term price fluctuations. It's a great way to build your cryptocurrency portfolio gradually.
Feb 18, 2022 · 3 years ago
- Yes, Kraken's recurring buy option is available for all cryptocurrencies. However, if you're looking for a more advanced and customizable recurring buy option, you might want to consider using BYDFi. BYDFi offers a wide range of features for recurring buys, including the ability to set specific conditions for your buys and sell orders. It's a popular choice among traders who want more control over their recurring investments.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 93
What are the best practices for reporting cryptocurrency on my taxes?
- 86
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
What are the tax implications of using cryptocurrency?
- 58
How does cryptocurrency affect my tax return?
- 57
How can I protect my digital assets from hackers?
- 55
What are the advantages of using cryptocurrency for online transactions?
- 54
What are the best digital currencies to invest in right now?
- 34
How can I buy Bitcoin with a credit card?