How does Robinhood's recurring deposit feature work with digital currencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! Robinhood's recurring deposit feature allows you to automatically invest a set amount of money into digital currencies at regular intervals. This feature is great for those who want to consistently invest in digital currencies without having to manually make deposits each time. You can choose the frequency of your deposits, such as weekly or monthly, and the amount you want to invest each time. Robinhood will automatically execute the deposits for you, making it a convenient and hassle-free way to build your digital currency portfolio.
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• Nov 23, 2021 · 3 years ago
  Robinhood's recurring deposit feature with digital currencies works similarly to their recurring deposit feature for stocks. You can set up automatic deposits into your digital currency portfolio, allowing you to consistently invest and potentially take advantage of dollar-cost averaging. This feature is especially useful for long-term investors who want to steadily accumulate digital currencies over time.
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• Nov 23, 2021 · 3 years ago
  With BYDFi, you can also set up recurring deposits into your digital currency portfolio. Similar to Robinhood, BYDFi's recurring deposit feature allows you to automatically invest a set amount of money at regular intervals. This feature is designed to help you build your digital currency holdings over time and take advantage of potential market opportunities. Whether you choose Robinhood or BYDFi, recurring deposits can be a powerful tool for consistent and disciplined investing in digital currencies.
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