What is Recurring Buy?

The Recurring buy feature allows you to set up automatic cryptocurrency purchases at regular intervals into any cryptocurrency or CoinJar Bundle of your choosing, using your debit or credit card, to ensure your portfolio is diversified. 

You can easily set up a recurring buy schedule from within the CoinJar app and begin adding funds to your bundle using the Dollar Cost Averaging (DCA) method.

Benefits of Recurring Buy with CoinJar:

• Allows you to spread your purchases across high and low prices, which reduces your chances of buying at market tops
• Set, schedule, forget: CoinJar will automatically charge your selected debit or credit and buy into the cryptocurrency or CoinJar Bundle at the frequency you have selected
• Start with small amounts: DCA does not require a large upfront investment

How do I set up my first Recurring Buy?

If you're using CoinJar app:

There are 2 options to access and set up a Recurring Buy in the CoinJar app. 

Option 1: Using the Trade button

Tap Trade, select Buy, then click the "One-Time" dropdown menu. 

At the Pay with section at the bottom, ensure you select an existing cash account or you can link a new credit or debit card:

Select "Recurring" as your order type, then set your preferred order amount. The minimum amount is $20 AUD. Tap Review Order to proceed:

Set your preferred interval. You can choose either "Weekly", "Every two weeks", or "Monthly". Then tap Continue to proceed:

On the Review page, ensure to check if all details are correct and tap Confirm. You’re all set!
 

Option 2: Using the Portfolio button

Tap Portfolio, scroll to the middle of the page and select the Activity tab. Then select Upcoming Buys

Select Start Recurring Buy to begin setting up a new Recurring Buy. 

From here, you can follow the same steps above (from Option 1) to set your preferred amount and intervals:
 

If you're using CoinJar web:

There are 2 options to access and set up a Recurring Buy on CoinJar web.

Option 1: From Trade panel

At the Trade panel on the right of your "Home" page, select Buy, then click the "One-Time" dropdown menu. 

At the Pay with section at the bottom, ensure you select an existing cash account or you can link a new credit or debit card:

Select "Recurring" as your order type, then set your preferred order amount. The minimum amount is £10 GBP. Tap Review Order to proceed:

Set your preferred interval. You can choose either "Weekly", "Every two weeks", or "Monthly". Then tap Continue to proceed:
 

On the Review page, ensure to check if all details are correct and tap Confirm. You’re all set!

Option 2: From Portfolio page

Head to your Portfolio page, scroll to the middle, and select Upcoming Buys

Select Start Recurring Buy to begin setting up your Recurring Buy. 

From here, you can follow the same steps above (from Option 1) to set your preferred amount and intervals:

How do I edit a Recurring Buy?

If you're using CoinJar app:

To view and edit your existing Recurring Buys, tap Portfolio, scroll to the middle of the page, and tap the Activity tab. Then select Upcoming Buys

From here you can view your existing Recurring Buy schedules or set up a new schedule.

Click the schedule from the list:

More details about the existing Recurring Buy schedule is shown here as well as options to Edit, Pause or Cancel (3 dots) at the bottom:
 

Tapping Edit allows you to change the amount, interval, or next payment date. 

If you make any changes here, be sure to click Save Changes
 

Tapping Pause will put a temporary hold on new payments. You can resume at any time.

You can also edit the schedule instead by clicking the Edit Schedule button:
 

After clicking the Pause button, the next screen will show the status of the Recurring Buy is "Paused" and you will also see options to Edit, Resume or Cancel (3 dots):
 

Clicking Cancel recurring buy (from the 3 dots) will show you a screen asking if you are sure you want to proceed.

If you are sure, click the Confirm button:
 

If you're using CoinJar web:

Head to your Portfolio page, scroll to the middle, and select Upcoming Buys

Then select your existing Recurring Buy schedule:

From here, you will see options to Edit Schedule, Pause, or Cancel recurring buy:
 

Frequently Asked Questions

Can I set up Recurring Buy for CoinJar Bundles?

Yes. Check out our Knowledge Base, which contains more information on the available Bundles, including breakdowns of the allocation splits for each cryptocurrency.

Which payment methods are available for Recurring Buy?

CoinJar currently supports recurring schedule purchases from linked debit or credit cards as well as from your CoinJar cash account. 
For CoinJar Bundles, recurring schedule purchases are supported from linked debit or credit card.

How often will purchases be made? 

Recurring buy can be configured for weekly, fortnightly and monthly schedules at this time.

When will my purchase be processed?

Your first transaction will take place when you set up the transfer schedule. After your initial purchase, your recurring transfers can be changed to a date that best suits you. You'll find these transfer schedule settings in your bundle under the "Recurring buy" section.

How many recurring buys can I set up?

You can only set up one recurring buy per single asset at this time.

What’s the minimum amount for Recurring Buy?

The minimum recurring buy amount is $20.

What’s the maximum amount for Recurring Buy?

A maximum recurring buy limit of $2,000 per transfer (regardless of the transfer frequency selected) applies. 

Can I set the exact amount of crypto that I want to purchase?

At this time, it's not possible to set an exact amount of cryptocurrency to be purchased. CoinJar automatically calculates the cryptocurrency amount to be credited to your Bundle on the day and time that the purchase takes place.  The dollar amount is set based on the Transfer Schedule when you set up the recurring buy.

At what price will CoinJar place a buy order?

The price that’s displayed in the CoinJar App on the day, and at the time, that the purchase takes place, is the price CoinJar places a buy order at.

What happens if a scheduled transfer fails?

If a scheduled transfer fails the recurring buy schedule will be paused and you will be notified via email and push notification regarding the failed recurring buy.

Will I be alerted when a purchase doesn’t execute?

We will notify you via email and push notification if a scheduled transfer fails.

What are the fees for Recurring Buy purchases?

Recurring buy carries a low 1% fee.*

More information about CoinJar's fees can be found in our guide here: CoinJar's Fees

*Please note that CoinJar recommends using debit cards as credit card purchases might incur additional fees if your financial institution chooses to classify these transactions as cash advances. 

Can a Transfer Schedule wait until the price of a cryptocurrency reaches a certain level before buying?

The purchase transaction occurs at the same time that the scheduled transfer is processed, which means it's not possible to wait until the price of a cryptocurrency is at a certain point. 
 

Disclosures

All investments involve risk and loss of principal is possible. Investors should consider their investment objectives and risks carefully before investing. Recurring buy does not ensure a profit or guarantee against loss. This is not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security.