Introduction to Recurring Buy on Bybit

Recurring Buy is an excellent way to automate the purchase of crypto for users who want a hassle-free investment strategy. With dollar-cost averaging (DCA), you can invest smaller equal amounts over a specific length of time, rather than a lump sum investment, to average your investment price with Recurring Buy effortlessly.

 

Currently, Recurring Buy on Bybit only supports Fiat Balance and Crypto Available Balance as a payment method. To process your purchase, you will have to deposit funds into your Bybit Funding Account on our Fiat Deposit page. We are actively working on bringing new payment options to the Recurring Buy feature in the future. Keep an eye out for updates.

 

Please ensure that you have sufficient Fiat Balance and Crypto Balance ready prior to scheduled purchases to take full advantage of your Recurring Buy plan. Also, note that the plan will be terminated if you fail to have the required funds in your Funding Account for three (3) scheduled purchases in a row.

 

 

 

 

 

 

Benefits

• Diversify Risk: Reduce your one-time investment risk and optimize fund allocation with our fixed regular auto investment service.

• Easy Customization: Create your Recurring Buy plan in just a few easy steps with our customizable options.

• Sustainable Growth: Secure sustainable growth for your crypto holdings. Invest with a long-term view and enjoy steady returns over time, no matter the market conditions.

 

Read More

FAQ — Recurring Buy

Explained: What Is Dollar-Cost Averaging?

 

 

 

 

 

 

How It Works

By subscribing to a Recurring Buy plan, an automatic buy order will be processed according to your predetermined parameters.

 

 

Example

Supposing Trader A has set the Recurring Buy plan with the following parameters:

 

Fiat Spend: 1,000 USD

Crypto Received: BTC

Frequency: Bi-Weekly

 

Trader A has set a Recurring Buy plan to purchase BTC every two (2) weeks with 1,000 USD. This means that every two weeks, Bybit will automatically use 1,000 USD from the trader's Fiat Balance to purchase BTC at the current market price.

 

The amount of BTC that Trader A receives for each bi-weekly purchase will depend on the prevailing market price of BTC at that time. If the price of BTC is high, they will receive fewer BTC units, and if the price is low, they will receive more units. However, since the purchases occur over a longer time period, the goal is to achieve a lower average cost per unit by DCA strategy.

 

By using Bybit's Recurring Buy feature, Trader A can effortlessly accumulate BTC over time without having to worry about timing the market or constantly monitoring price movements.

 

Note:

— There will be no charges for creating a Recurring Buy plan. Once the plan is activated, our system will automatically process the transactions based on your preset parameters. Rest assured that any trading fees incurred during the transaction will be calculated based on the actual order information. 

— To learn more about how to create a Recurring Buy plan, please refer to How to Get Started with Recurring Buy.

 

 

 

 

 

 

Differences Between One-Click Buy and Recurring Buy

The main differences between the two (2) features are as follows: