What Is Recurring Buy and Frequently Asked Questions
2021-09-01 05:59
Tutorial Video
What is Recurring Buy?
Recurring Buy allows users to automate their cryptocurrency purchases through a dollar-cost averaging (DCA) investment strategy. This feature lets users choose the cryptocurrency they want to buy, specify the amount, and the frequency of their purchases.
With Recurring Buy, users can eliminate the need for manual transactions by setting up automatic crypto purchases on a schedule.
1. What payment methods does Recurring Buy support?
We currently accept Credit/Debit Card payments for Recurring Buy. Only Visa and Mastercard are supported.
2. What are the possible fees for Recurring Buy?
You might be charged a transaction fee when you purchase cryptocurrencies via Credit/Debit Card on Binance, and the fee rate can be checked during the transaction. If you are charged more fee than displayed, please contact your card issuer for more details.
You can save up to 5 Credit/Debit Cards for Recurring Buy. Only Visa and Mastercard Credit/Debit cards are supported.
Please note that if the Credit/Debit card you want to remove is linked to any of your existing Recurring Buy plans, you will be prompted to cancel the plan first before you can remove the card.
6. When trying to create a new plan, the Recurring Buy plan failed. What should I do?
If your purchase failed, you can choose to [Accept New Quotation] based on the new quotation shown on the page, or click [Cancel Payment] to cancel the order.
