The recurring purchase feature for staking allows you to automate the purchase and staking of cryptocurrencies at regular intervals. It is an ideal solution for those who wish to gradually grow their cryptocurrency portfolio and maximise staking rewards.
Prerequisites to activate recurring purchases
To use this feature, you must already have an active stake on the cryptocurrency of your choice. If you haven’t set up a stake yet, go to the "Staking" section and create one.
How it works
- Access the Staking section
From the platform’s main menu, navigate to the staking section. - Select a cryptocurrency
Choose the coin for which you already have an active stake. - Click “Add funds automatically”
In the “Recurring Staking” section, you will find a banner to activate the feature. - Set Up recurring purchase parameters
- Amount: Enter the amount you wish to spend on each order.
- Frequency: Select how often you want the purchase to occur (e.g., weekly, monthly).
- Payment Method: Choose between a credit/debit card or Euro Wallet.
- If using the Euro Wallet, ensure there are sufficient funds for the orders to be executed.
- To guarantee fund availability, we recommend setting up a recurring deposit from your bank via a standing order.
- Confirm the operation
Once the parameters are confirmed, the system will:
- Automatically convert the selected amount into cryptocurrency.
- Create a new stake based on your configuration.
- Monitor stake history
You can view all created stakes, distinguishing between:
- Stakes created automatically via recurring purchases.
- Stakes created manually by transferring funds from your Main Wallet.
NOTE. By activating recurring purchases for staking, you authorise the periodic purchase of cryptocurrencies and their inclusion in active staking through new stakes. Please note that cryptocurrency prices may vary, so the number of tokens purchased will depend on their value at the time of purchase.
Modifying, Pausing, or Cancelling Recurring Purchases
Recurring purchases can be adjusted in terms of frequency and amount at any time. You may also choose to pause them temporarily or delete them permanently using the “Delete” button.
To modify, pause, or delete a recurring purchase:
- Go to the main page of the cryptocurrency for which you have activated staking.
- Click on the “Recurring Staking” banner.
- Adjust the desired settings.
Changes are not retroactive and will be applied from the modification date onwards. This flexibility allows you to tailor the feature to your needs.
Useful Tips
- Synchronise Deposits and Purchases: If using the Euro Wallet, schedule a recurring deposit from your bank with the same frequency and amount as your purchases.
- Periodically Review Your Stakes: Monitor the history to ensure purchases and stakes are being processed as expected.
Adopt a Long-Term Strategy: Combine recurring purchases with a long-term approach to make the most of staking and compound interest benefits.