{"id":"62cf049dccf2cca990e077bb","cmsLocaleId":null,"lastPublished":"2024-06-07T20:47:26.750Z","lastUpdated":"2023-01-27T14:28:18.813Z","createdOn":"2022-06-06T22:33:55.700Z","isArchived":false,"isDraft":false,"fieldData":{"featured-recipe":true,"layouts":"be6b10efe6901af1e961a83d3ce9750e","excerpt":"Do you want to make sure you have enough bitcoin, but hate having to guess if the price is going up or down? Skilled investors know how to get around that: Buy small amounts consistently. This proven strategy is known as Dollar Cost Averaging, or DCA.","ingredients":"<p>The team at Coinbits wanted to bring you the best possible DCA experience. Over the past two months, we’ve been hard at work building something new for you. </p><p>Today, we're excited to announce the launch of <strong>Coinbits Saving Habits</strong>.</p><h2>What is Coinbits Saving Habits?</h2><p>Saving Habits is a feature that empowers you to save in bitcoin by making scheduled, recurring buys of bitcoin on a daily, weekly, biweekly, or monthly basis. This allows you to harness the power of dollar-cost averaging.</p><h2>How do I create a Saving Habit?</h2><p>Follow this video tutorial to activate your Saving Habits in less than five minutes.</p><div data-rt-embed-type='true'><div style=\"position: relative; padding-bottom: 56.25%; height: 0;\"><iframe src=\"https://www.loom.com/embed/6353c725e8714fbb80c813a1f0003d93\" frameborder=\"0\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\"></iframe></div></div><p>‍</p><p>For first time creations: You can create a new Saving Habit by clicking on the “new” button inside the Saving Habit section.</p><p>For more creations: The “new” button will appear on the top right side of Saving Habits.</p><p>You can then customize the amount you want to purchase, along with the frequency and start date.</p><p>Once you have selected the amount, frequency, and start date, click “continue”. This will take you to an overview of the Saving Habit.</p><p>Here, you’ll need to acknowledge information regarding the Saving Habit by checking the checkbox.</p><p>Note: For a daily Saving Habit, funds will be pulled for the week and bitcoin will be bought daily.</p><h2>How is it different from Round Ups?</h2><p>Saving Habits allows you to make scheduled, recurring buys of bitcoin on a daily, weekly, biweekly, or monthly basis. With Round Ups, your change is rounded up weekly and used to save in bitcoin. </p><p>If you have both Round Ups and Saving Habits turned on, you will be making two different transactions.</p><h2>What are the Saving Habits fees?</h2><p>There is a 1% ACH processing fee incurred for any Saving Habits transaction made on Coinbits. If you want to learn more, we have an explanation of Coinbits fees on our <a href=\"https://coinbits.zendesk.com/hc/en-us/sections/1500000626562-Fees\" target=\"_blank\">fees page here</a>.</p>","name":"Saving Habits are DCA done right","slug":"saving-habits","tags-2":["62cf049dccf2cc39dde0778d"],"main-image":{"fileId":"62cf049dccf2cc55a3e077f4","url":"https://uploads-ssl.webflow.com/62388b098fb64da19337d832/62a9fec1e15d53341733e3ca_62a0796db0ba565f084d5e63_coinbits-saving-habits.jpeg","alt":null},"thumbnail-image":{"fileId":"62cf049dccf2cc55a3e077f4","url":"https://uploads-ssl.webflow.com/62388b098fb64da19337d832/62a9fec1e15d53341733e3ca_62a0796db0ba565f084d5e63_coinbits-saving-habits.jpeg","alt":null},"selected-date":"2022-06-15T15:49:08.000Z","author-v2":"62cf049dccf2cc0ea9e0778e"}}