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Cryptomat’s new recurring purchase feature is designed to enable investors to seamlessly and easily implement the widely recommended dollar cost averaging investment strategy, while making the buying process frictionless.
This feature is now available to Cryptomat investors in Europe and around the world.
Recurring purchases allow investors to define the amount of a particular cryptocurrency to be purchased every week, bi-weekly or every month. It has built-in support for Visa and MasterCard, which means fees are handled automatically, resulting in a set-it-and-forget solution for investors.
This feature is the implementation of the dollar cost averaging strategy. DCA is known to eliminate the risks associated with day trading, while mitigating the effects of viciously volatile cryptocurrency markets. The goal is to accumulate small investments that, over time, nest to meet major financial goals or meet unexpected financial needs.
The recurring purchase feature is part of a broader suite of tools provided by Cryptomat, which provides advanced investment and portfolio-management technology for users who do not have an investment or blockchain-based technology background.
Some of the other tools in the suite include automated transactions, price notifications, the CryptoEarn passive income solution, and Cryptomatpay – a feature designed for freelancers and influencers who want to accept payments in cryptocurrency.
Cryptomat’s business-to-business tools include Cryptoramp and crypto exchange White Label APIs. Both solutions aim to help blockchain-based Web3 developers onboard users quickly, easily and profitably.
The Cryptomat platform is supported in many countries and its interface is available in over 20 languages. It allows buying, selling and trading of over 350 most popular cryptocurrencies along with fiat currencies such as USD, EUR, GBP, and many more.
Cryptomat says it is the first European crypto exchange to receive ISO 27001 certification for data protection. It has offices throughout Europe and is headquartered in Tallinn, the capital of Estonia.
Founded in 2018, Cryptomat revolutionized the cryptocurrency world with the introduction of the simplest crypto platform in Europe. Cryptomat makes digital finance so simple that everyone everywhere can access the freedom, fairness and fulfillment that crypto represents. Hundreds of thousands of customers across Europe and in 120 countries around the world trust Cryptomat when they buy, sell, swap, earn, share and invest in crypto.
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