Crypto.com is enhancing its offerings in the U.S. equities market with the introduction of a new feature called Recurring Buy. This innovative tool allows users to automate their investments into individual stocks or baskets of stocks at regular intervals, making it easier for investors to build their portfolios over time.
The Recurring Buy feature aims to address a common challenge many investors face: determining the optimal moment to enter the market. By leveraging the principle of Dollar-Cost Averaging (DCA), Recurring Buy enables individuals to invest a fixed amount on a regular basis, regardless of market fluctuations. This approach helps mitigate volatility and instills a long-term investment discipline by promoting a consistent investment strategy.
Key advantages of the Recurring Buy feature include:
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Automated Investing: Users can set their investment amount and frequency—choosing from daily, weekly, bi-weekly, or monthly intervals—while the app handles the trades without the need for manual intervention.
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Flexible Scheduling: Investors have the freedom to adjust their investment frequency based on their personal preferences.
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Pause Anytime: Complete control is maintained, as users can pause or cancel their recurring plans whenever needed.
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Backup Funding: If a user’s available USD balance runs low, linked bank accounts provide backup funding to prevent missed orders.
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Fee-Free: There are no commissions associated with stock or basket recurring buys, making this a cost-effective investment option.
To utilize the Recurring Buy feature, users need to follow a straightforward process within the Crypto.com app:
- Open the Crypto.com App
- Tap on the Stocks section
- Select your desired stock or basket
- Choose Recurring Buy
- Pick your preferred frequency and start date
- Confirm to complete the setup
Once established, users can easily view, manage, or pause their Recurring Buy plans under the Manage Recurring Buys section of the app. For additional guidance, an FAQ guide is available within the app.
While the Recurring Buy feature offers convenience and automation, it is important for users to remember that investing carries inherent risks, including the potential for loss of principal. Past performance does not guarantee future results, and while dividends may be distributed, they are contingent on each issuer’s market conditions and performance.
Participation in U.S. equities offerings is optional and is governed by the Crypto.com App’s Terms & Conditions and Privacy Notice. Securities are offered to U.S. residents through Foris Capital US LLC, which operates as an SEC-registered broker-dealer. Notably, Foris Capital is distinct from Foris DAX, Inc. (Crypto.com) and does not handle cryptocurrencies or digital assets. Users should be aware that fractional shares may not be available for all equities, and securities lending involves certain risks.
Overall, the introduction of Recurring Buy underscores Crypto.com’s commitment to enhancing user experience in the equities market, providing investors with a powerful tool for building wealth over time with less emotional stress.
