Automatically investing in cryptocurrencies via DCA has undebatable benefits, such as reduced volatility and the ability to build predictable long-term wealth.
Following a high interest from users, the cryptocurrency exchange Bitvavo now finally supports recurring buys for all tradable cryptocurrencies, allowing users to perform Dollar-Cost Average strategies at the lowest trading fees.
Bitvavo: Cheapest Crypto Savings Plan?
The biggest problem with automatic DCA has been the typically high fees charged by crypto exchanges for recurring crypto buys.
With DCA on Bitvavo, fees for recurring crypto buys are no longer an issue. The European crypto platform known for its low fees once again stands out regarding affordability.
Bitvavo has low costs of 0-0.25% for their crypto DCA feature – No additional spreads or additional fees apply for recurring buys!
This makes setting up a Bitcoin savings plan via automatic recurring buys on Bitvavo truly affordable and worth it for the first time.
How to set up automatic DCA on Bitvavo
Before starting with DCA on Bitvavo, ensure you have a Bitvavo account with some deposited funds on it.
To start with Recurring Buy on Bitvavo, do the following:
Download and open the
Bitvavo mobile app
On the dashboard, navigate to Recurring Buy
Press Set up Recurring Buy
Choose the crypto asset you wish to DCA into, e.g. Bitcoin
Select the €-amount and frequency of your recurring buys
Confirm your selection by once again pressing Set up Recurring Buy
Luckily for altcoin investors, Bitvavo supports automatic DCA for all tradable coins by utilizing its native cryptocurrency exchange with sufficient liquidity.
Once your recurring buy starts, Bitvavo will automatically invest in the selected crypto asset at current market prices in your selected interval. The individual buys are being made at random times throughout the day.
The funds for purchasing the crypto assets will be deducted from your Euro balance, so ensure that you always have enough funds deposited in your Bitvavo account. If you should not have enough funds to cover the DCA purchase, Bitvavo will omit the recurring buy on the given day.
Because recurring buys on Bitvavo are handled through the native exchange, all transactions from Recurring Buy are included in the transaction history. This is essential for users of popular crypto tax tools such as CoinTracking .
Multiple Recurring Buys on Bitvavo
A special feature of Bitvavo's Recurring Buy feature is the option to run several savings plan for the same cryptocurrency at the same time. This is particularly useful in volatile times when you want to run a weekly savings plan in addition to the monthly Bitcoin savings plan, for example.
To have multiple recurring buys on Bitvavo for the same crypto asset, all you have to do is create a new recurring buy for the respective asset.
All your active crypto savings plans at Bitvavo will be listed in the dashboard under Recurring Buy and can be edited or terminated from there.
End Bitvavo Recurring Buy
Recurring Buy on Bitvavo can be stopped immediately. To stop Recurring Buy for any given crypto asset, simply:
Navigate to Recurring Buy on the dashboard
Select the automatic DCA you want to cancel
Press the three dots to expand a menu, and select Cancel
For more details, visit the official Bitvavo DCA support page.
Bitvavo Recurring Buy Fees
The Bitvavo exchange charges the same trading fees for automatic DCA as for manual market orders on its platform.
Recurring crypto buys on Bitvavo incur the following fees:
A basis taker fee of 0-0.25% depending on the crypto asset and your personal fee level.
A spread of ~0.06% depending on the crypto asset, as recurring buys instantly execute market orders.
The fee for crypto savings plans on Bitvavo also gets lower the higher your trading volume on the platform is, and looks as follows for most coins such as Bitcoin and Ethereum:
Overall, the fee structure for auto-invest on Bitvavo is highly competitive, and perhaps the best out of all crypto exchanges with DCA.
To visualize the advantage of low fees for Bitcoin savings plans of Bitvavo, feel free to try our Bitcoin DCA simulator .
Summing up DCA on Bitvavo
With the addition of the essential auto-invest feature to its low-cost trading platform, Bitvavo more and more becomes a perfect allrounder for European cryptocurrency investors.
Due to highly competitive fees and a large selection of supported cryptocurrencies, we recommend Bitvavo as the go-to platform for automatic crypto DCA as of 2024.