Auto Investing, also called Automatic Purchases, lets you invest in crypto on a regular schedule without placing each trade yourself. This article explains how it works and why people use it.
What is Auto Investing / Automatic Purchases?
Auto Investing is a feature that lets you automatically invest in cryptocurrencies on a recurring basis, without manually placing each trade. You choose your coins once, then set up a regular deposit from your bank (for example daily, weekly or monthly). Each time your deposit arrives, Coinstash buys your chosen coins for you.
How it works
Choose your coins: Pick which cryptocurrencies you want to invest in (for example Bitcoin or Ethereum) and decide how much of each deposit goes to each one, as a percentage. Your percentages need to add up to 100%.
Set up a recurring deposit: In your banking app, schedule a regular transfer to your Coinstash account, for example daily, weekly or monthly.
Coinstash buys automatically: When a deposit arrives with the correct reference, Coinstash executes a buy order on your behalf, split across your chosen coins.
Why use it? Dollar-cost averaging (DCA)
The main benefit of Auto Investing is that it helps you practise dollar-cost averaging (DCA). By investing a fixed amount at regular intervals, you can reduce the impact of short-term market volatility and avoid trying to time the market.
Example (hypothetical): If you invest $100 every week, you'll buy a little more crypto in weeks when prices are lower and a little less when prices are higher, rather than putting everything in at a single price.
DCA is a strategy, not a guarantee. Crypto prices can go down as well as up, and you may get back less than you put in.
Good to know
Automatic Purchases are only available via the Coinstash website login.
Your deposit must include stash as the description or reference for the automatic purchase to be processed (ANZ customers use the Message field instead).
The minimum deposit is $20 per cryptocurrency in your automatic purchase list.
You can turn Automatic Purchases off at any time.
The usual trade fee applies to each purchase. See What is the Trade Fee?
Ready to start? Follow the steps in How do I set up Auto Investing / Automatic Purchases?
Need a hand? Our Brisbane-based support team is here to help — tap the chat icon in the app or on the website to get in touch.