Buy crypto periodically, with an automatic banktransfer (DCA)

When is the best time to buy crypto? Will the price continue to fall, or have we already passed the lowest point? Many people lose themselves in technical analysis and, despite full dedication, still come home from a rude awakening. Simply holding crypto would have yielded more returns afterwards.

What is periodic Buying?

At Knaken we offer you the opportunity to periodically buy crypto for a fixed amount with an automatic transfer. This is also known as DCA (Dollar Cost Averaging). The idea of ​​this is that you spread the purchase over a (large) period, so that you notice less of the big price fluctuations in the still young crypto market.

Why buy periodically?

Many people see the potential in the technology and foresee a future where blockchain, crypto and Bitcoin will play a role. But when is a good time to get in? Time and time again it appears that people who invest periodically and also adhere to this strategy are best off. In most cases, therefore: “Time in the market beats timing the market.”

How does it work?

1. Log in to the web portal and access the dashboard page.
2. Select automatic savings and choose which crypto you want to buy periodically.
3. Now open your internet banking (app) and choose a transfer
4. Enter the following information here:
   • Bank account number Knaken
   • The amount for which you want to buy periodically
   • The personal Knaken code. This number is under description and starts with KNKN. You enter this in the description of the transfer
   • Choose with which frequency you want to buy

No extra costs are charged for buying crypto periodically. Read more about our costs on our cost overview page.

PS. Soon you will also be able to periodically buy crypto via our app!