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.
How to use Recurring Buy?
Please refer to How to Use Recurring Buy for more information.
Types of Recurring Buy
Frequency | Plan Sign up Date | Selected Date of Purchase | First Purchase | Subsequent Recurring Purchases |
Daily | Monday | Tuesday | Tuesday of the current week | Selected time of each day |
Tuesday | Monday | Monday of the subsequent week | ||
Weekly | Monday | Tuesday | Tuesday of the current week | Selected day of the week |
Tuesday | Monday | Monday of the subsequent week | ||
Bi-weekly | Monday | Tuesday | Tuesday of the current week | Selected day of the week every 2 weeks |
Tuesday | Monday | Monday 2 weeks later | ||
Monthly | Monday (e.g. 20th) | Tuesday (e.g. 21st) | 21st of the current month | Selected date (e.g. 20th) of every month |
Tuesday (e.g. 21st) | Monday (e.g. 20th) | 20th of the subsequent month |
Frequently Asked Questions
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.
3. How to add or remove cards for Recurring Buy?
Please refer to How to Use Recurring Buy for more information.
4. How to pause or stop my Recurring Buy plan?
Please refer to How to Use Recurring Buy for more information.
5. How many cards can I save on Recurring Buy?
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.