Automate your cryptocurrency investments with OKX's recurring buy feature, designed to simplify dollar-cost averaging (DCA) strategies. Available exclusively in Simple mode via the OKX mobile app, this tool lets you schedule daily, weekly, bi-weekly, or monthly purchases effortlessly.
Step-by-Step Guide to Creating a Recurring Buy Plan
- Launch the OKX App: Navigate to Trade > Buy.
- Select Order Type: Choose One-time order, then switch to Recurring buy from the pop-up menu.
- Set Your Frequency: Opt for daily, weekly, bi-weekly, or monthly intervals.
Enter Investment Amount: Specify either:
- The cash amount you wish to spend (e.g., $50)
- The quantity of crypto to purchase (e.g., 0.005 BTC)
⚠️ Note: Currently, only cash-based plans are supported. You'll receive variable crypto amounts based on market prices at execution time.
- Review & Confirm: Click Preview to verify details, then Start buying to activate your plan.
👉 Start building your crypto portfolio today
How Recurring Buy Works
- First Order: Executed immediately after plan creation.
- Subsequent Orders: Processed automatically on your chosen schedule.
- Portfolio Growth: Crypto is deposited directly into your account per your timeline.
Advantages of Using Recurring Buy
- Dollar-Cost Averaging: Reduces volatility impact by spreading purchases over time.
- Time Efficiency: Eliminates manual ordering for routine investments.
- Disciplined Investing: Encourages consistent portfolio growth.
Frequently Asked Questions (FAQ)
1. What is a recurring buy plan?
A feature that automates crypto purchases at fixed intervals (daily/weekly/monthly). Example: A $100 weekly ETH buy every Friday at 9 AM.
2. When are orders executed?
Orders run at the exact time and frequency set during plan creation (e.g., weekly plans repeat every 7 days from the start time).
3. How do I modify or cancel my plan?
- Access Portfolio > Recurring buy.
- Select your plan to pause, resume, or cancel it.
- Changes take effect before the next scheduled order.
4. Where can I track order history?
View all executed orders under Transaction History, listed as separate entries with timestamps.
5. What happens if my account balance is insufficient?
You'll receive app notifications and emails 72+24 hours before execution. Deposit funds to avoid failed orders.
6. Why did an order fail, and what’s next?
Common causes:
- Insufficient funds (deposit to resume).
- Technical glitches (system retries future orders automatically).
👉 Troubleshoot failed orders here
Pro Tip: Combine recurring buys with limit orders during market dips to optimize entry points. For advanced strategies, explore OKX's trading tools in Pro mode.
All features and support details are current as of 2025. Check OKX’s help center for updates.
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