HODL, norDL Investors!
We’ve got good news for you.
Crypto DCA (Dollar Cost Averaging) feature is live on norDL. Now, you can invest in your favourite coin on auto mode with DCA Strategy.
What is Crypto DCA Feature?
Dollar Cost Averaging (DCA) is a known strategy to invest easily and effectively in stocks. We’re now making it available for crypto investors as well. DCA is a method of investing that involves purchasing a fixed dollar amount of an asset (Coin) at regular intervals over a set period, regardless of the asset’s price fluctuations.
DCA strategy in your favourite coin can help you ride the market volatility and give you better returns in the long term.
The new Crypto DCA feature on norDL allows you to set up a schedule for your investments and choose the cryptocurrency you want to invest in.
In addition, You can also adjust the frequency of your investments and the dollar amount you want to invest each time.
Plus, you can track your progress and even withdraw your coins in your wallet to have self-custody of your assets.
norDL Crypto DCA Types
You can choose between the following DCA Types to auto-invest in your favourite crypto:
- Daily DCA
- Weekly DCA
- 15 Day DCA
- Monthly DCA
For example, let’s say you want to invest in Bitcoin; but you’re unsure if now is the best time to buy. With the Crypto DCA feature, you can invest a fixed dollar amount, say $12, Every Day, Week or Month or depending on your preference.
This way, you’re not making a big purchase at one specific price point, but rather spreading your investment out over time. DCA strategy can help mitigate the impact of market volatility and potentially lead to better returns in the long run.
If you’re new to crypto investing or just looking for a more efficient way to manage your investments, the DCA feature is a great option. It takes the guesswork out of investing and allows you to invest in cryptocurrencies with ease and confidence.
How to start DCA in crypto?
- Click on the Crypto DCA section from the sidebar. Click on a card of the coin in which you desire to start DCA in.
- In the details page of the selected coin, enter your investment details with your desired DCA parameters like amount, frequency, first instalment date and the number of instalments.
- Click on the Start DCA button, which opens a modal where you can review your entered details. After checking the entered parameters, click on Confirm to start a DCA.
- You can view the details of all DCAs in the DCA tab below on the same page
- You can find the Crypto DCA feature guide here.
You can start DCA in $BTC and $ETH as low as $12. Plus, You can check the respective coin card to see how much return you would have made using different types of DCA in the last couple of years.
Log in to norDL today and start using the Crypto DCA feature to invest in your favourite coins. More leading cryptocurrencies for the DCA are coming soon.
Join the growing community of smart investors and utilize the power and convenience of automated Crypto investing now.
If you need any help, You can contact us on our in-app chat support.
HODL on norDL.
Disclaimer: Crypto is a volatile and slightly risky asset due to its novel nature. Please Consult your financial advisor to allocate appropriate funds to invest in crypto assets apart from your traditional investing.
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