What is Recurring Buy?
The Recurring Buy feature allows you to set up automatic cryptocurrency purchases at regular intervals from your USD account into any cryptocurrency or CoinJar Bundle of your choosing, helping 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 automatically uses your CoinJar USD account to purchase your selected cryptocurrency or Bundle at your chosen schedule.
- Start with small amounts: DCA does not require a large upfront investment
How do I set up a Recurring Buy?
- If you're using CoinJar web, navigate to Home. If you're using CoinJar mobile app, select the Trade icon at the bottom of the screen.
- Select Buy and your desired cryptocurrency in the Trade panel
- Change the order type to Recurring by first selecting One-Time ...
...then select Recurring.
Your Trade panel will now show Recurring. - Enter the amount.
- Select your payment method.
- Choose you Recurring buy schedule then click Continue. After your initial payment today, payments can be changed to a date that best suits you.
- Review and confirm your order.
How do I edit, pause or cancel a Recurring Buy?
To view and edit your existing Recurring buys:
- If you are using the CoinJar mobile app, select Buy schedules on the Home screen.
- If you are using CoinJar web, select Upcoming schedules on the Home screen
Select the schedule you wish to edit, pause or cancel to make the desired changes.
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 your CoinJar USD account.
How often can 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.*
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.