What is DCA?
DCA stands for Dollar Cost Averaging, an investment strategy in which the total amount to be invested across periodic purchases of a target asset. The goal of DCA is to reduce the overall impact of volatility on the price of the target asset.
How does it work on Tokenize Exchange?
DCA feature allows you to automatically make purchases periodically (daily, weekly, monthly).
For example, you choose monthly option. Next, you will be able to choose which day of the month you want to buy. For instance, 1st day every month. Then, you’ll choose time, eg, 6 pm.
Then, at 6:00 PM 1st monthly, it will auto buy at whatever price (Auto place makes order).
For weekly option, it will process the same way, you must choose date and time. Then on exact time & date, it will execute the order.
Here is steps by steps to use DCA on Tokenize Xchange :
Step 1 : Select Trade > Dollar-Cost Averaging
Step 2 : In the DCA Setting, click on the drop down list for selection of coins. Check on the boxes to display the coins you wish to place DCA. There are 15 types of coins (BTC, ETH, XRP, BCH, LTC, TKX, LINK, DOT, KSM, ZIL, LDO, APT, MATIC, OP and SOL) in 2 types of investment (SGD and USD).
Step 3 : Input amount for one purchase, Currency, Interval ( Daily, Weekly, Monthly ), Repeat the purchase for and choose the Start date . After that, click on " Start now ".
Step 4 : Confirm your DCA
A green notification will show when you complete the DCA.
Commission for this feature is 1% applied to all membership!
Note: Time only specific only on hours.
Step 5: If you wish to stop the DCA, select "Stop DCA"
Step 6: Select "Yes" for confirmation.
A green notification will show when you complete the Stop DCA.