Periodically buying crypto with an automatic transfer (DCA).

When is the best time to buy crypto? Will the price drop further, or have we already passed the lowest point? Many people get lost in technical analyses and, despite their full commitment, come home disappointed. Simply holding onto crypto would have yielded more returns in hindsight.

What is periodic buying?
At Knaken, we offer you the option to automatically transfer a fixed amount to buy crypto periodically. This is also known as DCA (Dollar Cost Averaging). The idea behind this is that you spread your purchases over a (long) period, which helps you feel less affected by the severe price fluctuations in the still-young crypto market.

Why buy periodically?
Many people see potential in decentralized blockchain technology and foresee a future where Bitcoin and crypto play a role. Investing seems like a reasonable idea, but what is a good time to enter? Time and again, it turns out that people who invest periodically and stick to this strategy fare the best. In most cases, the rule applies: “Time in the market beats timing the market.”

How does it work?

Log in to the web portal and open the dashboard page.
Select automatic saving and choose which crypto you want to buy periodically.
Now open your online banking (app) and choose for a transfer
Enter the following information:

Knaken bank account number
The amount for which you want to buy periodically
Your personal Knaken code. This number is listed under the description and starts with KNKN. Enter this in the description of the transfer.
Choose how often you want to buy.

Example:

No extra fees are charged for periodic crypto buying.
P.S. Soon you will also be able to set up periodic crypto buying via our app!