Recurring purchases (DCA) via the Euro Account — how does it work?
DCA (Dollar-Cost Averaging) is an investment strategy that consists of regularly purchasing crypto-assets for a fixed amount, regardless of market movements. Coinhouse now allows you to set up recurring purchases directly from your Euro Account.
How does recurring purchasing (DCA) via the Euro Account work?Once your recurring order has been set up, Coinhouse automatically deducts the specified amount from your Euro Account at the selected frequency and purchases the selected crypto-asset.
To set up a DCA via your Euro Account, follow these steps:
- Go to the purchase page from your Coinhouse account.
- Select a frequency — weekly, twice a month, or monthly.
- Choose your Euro Account as the payment method.
- Check the order summary — the frequency and next payment date are displayed before confirmation.
- Confirmation email — you will receive a confirmation email when the recurring order is created.
Your recurring order can then be viewed at any time from the Scheduled Orders section of your account. An execution email will be sent each time an order is processed.
PricingIf there are insufficient funds in your Euro Account when the order is executed, you will receive a failure email. Make sure you maintain a sufficient balance to ensure that your recurring orders are successfully executed.
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What is DCA?DCA (Dollar-Cost Averaging) is a strategy that consists of investing a fixed amount at regular intervals, regardless of the market price. This approach helps smooth out the purchase price over time and reduce the impact of volatility on your overall investment.
What frequencies are available?Three frequencies are available for recurring purchases via the Euro Account:
- Weekly — once a week
- Twice a month — twice a month
- Monthly — once a month
The minimum amount per recurring order is €10.
Which payment methods are compatible with DCA?The recurring purchase feature is available with the following payment methods:
- Coinhouse Euro Account
- Bank card
The frequency selection is only displayed in the purchase flow when one of these two payment methods is selected.
How can I modify or cancel a recurring order?You can view, modify, or cancel your recurring orders at any time from the Scheduled Orders section of your Coinhouse account.
Insufficient Euro balance: what happens?If your balance is insufficient when a recurring order is due to be executed, the order will not be processed and you will receive a failure email. The next order will be attempted on the next scheduled date according to the selected frequency.
To avoid any issues, make sure you maintain a sufficient balance in your Euro Account before each scheduled execution date.
Which emails will I receive?Three types of emails are sent automatically:
- Confirmation email — when the recurring order is created
- Execution email — each time a purchase is successfully completed
- Failure email — if there are insufficient funds when the order is executed
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