Bitwala's Savings Plan: Your Path to Consistent Crypto Investments
June 25, 2024
In the dynamic world of cryptocurrency, staying consistent with your investments can be challenging. With 70% of people losing money trading, it's clear that building a solid portfolio is a better approach. Market volatility, price fluctuations, and the complexity of managing investments can deter even seasoned investors. However, a consistent investment strategy has proven to be more effective. Even if you had started regular investments in Bitcoin at its highest price before a crash, you would still have ended up with a profit. At Bitwala, we understand these challenges, which is why we're excited to introduce our latest feature: the Savings Plan. Plus, all purchases are made at market rate, with no added spread!
What is the Savings Plan?
The Savings Plan is a tool designed to make cryptocurrency investing easier and more accessible for everyone. This feature allows users to set up automatic recurring purchases of Bitcoin and Ethereum, ensuring that you can grow your crypto portfolio effortlessly. It is based on the Dollar-Cost Averaging (DCA) strategy, which involves regularly investing a fixed amount regardless of market conditions, the Savings Plan helps mitigate market volatility and build a solid portfolio over time. Proven to be a winning strategy, DCA reduces the impact of market fluctuations and promotes disciplined investing. Whether you're a seasoned investor or just starting your crypto journey, the Savings Plan is tailored to meet your needs.
Flexible Buying Frequencies
One of the key benefits of our Savings Plan is its flexibility. You can choose to set up automatic purchases on a daily, weekly, bi-weekly, or monthly basis. This flexibility allows you to align your investments with your financial goals and cash flow, making it easier to stay on track.
Effortless and Convenient
Setting up the Savings Plan is simple and straightforward. Log in to your Bitwala account, navigate to the Savings Plan section, and select your desired cryptocurrency, purchase frequency, and amount. Once set up, your purchases will be handled automatically, allowing you to focus on other priorities while your crypto assets grow passively.
Super Low Transaction Fees
We pride ourselves on offering one of the most cost-effective savings plans in the market. Our fees are structured to ensure you retain more of your investment: We’re charging a discounted trading fee of 0.20€ + 1% on all savings plans, but here’s the kicker: If you start saving Bitcoin or Ethereum DAILY for as little as 20€, we scrap the base fee and charge you a best-in-market 1% flat fee! This means more of your money goes directly into your wallet - allowing your portfolio to grow faster and more efficiently.
The Power of Dollar-Cost Averaging
Dollar-cost averaging (DCA) is an investment strategy by which one consistently and regularly purchases a fixed amount of an asset, regardless of its price. Imagine you started investing $100 in Bitcoin every month in December 2017, when prices were near $20,000. Despite a major crash where Bitcoin fell to around $3,000 by December 2018, your consistent monthly investments would have allowed you to buy more Bitcoin at lower prices. Over time, as Bitcoin's value recovered and increased, your DCA strategy helped you achieve profitable returns, proving its effectiveness in navigating market volatility for long-term investors.
Start Your Savings Plan Today
At Bitwala, our mission is to make cryptocurrency investing accessible, straightforward, and efficient. The Savings Plan is a testament to this commitment. Whether you're looking to build long-term wealth or diversify your investment portfolio, the Savings Plan offers a convenient and powerful way to achieve your financial goals. Start your Savings Plan today and take the first step towards a more secure and prosperous future in the world of cryptocurrency.
