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What is Recurring Buy and how does it work?
What is Recurring Buy and how does it work?

A simple guide about our Recurring Buy feature, what it is, and how it works.

Kriptomat Support Team avatar
Written by Kriptomat Support Team
Updated over a week ago

Recurring Buy is our brand new feature introduced at Kriptomat and we've decided to go one step further: why just set up price alerts when you can set up your Kriptomat account to automatically make purchases for you?

It is a fully automated way to buy your favorite cryptocurrencies on your Kriptomat account.

You can set the recurring buy per cryptocurrency, and time period, and schedule your future purchases at your convenience.

This way you can relax while Kriptomat does all the hard work for you!

Which cryptocurrencies can I buy with the Recurring buy feature?

You can buy all of our available coins and tokens. At the moment, purchases can be made in euros and using your credit card.

Which payment methods can I use?

The payments methods accepted right now are your fiat balance and credit cards.

You can fund your account with fiat currency by placing a SEPA Deposit, or you can set up a recurring buy by using a Credit Card. We suggest that you follow the instructions to learn how you can easily add funds to your Kriptomat account.

You can also use your fiat funds already available on your account to set up your recurring buy. You will also be able to select the amount you wish to buy, it can be anywhere between 50 EUR and 1000 EUR.

What is the buying frequency?

You can buy cryptocurrency with a frequency of weekly, bi-weekly, and monthly.

After you select the best option for you, you will also be able to set the specific day of the week or day of the month, for the purchase.

You can set up as many recurring buy orders as you wish, there is no limit to the number of recurring purchases you can set.

Once you schedule and confirm, your recurring buy will be immediately active, and you will be able to review all your buying plans under the Recurring Buy area located on the right side of your web app.

NOTE: Before each order is executed you will receive an e-mail notification that the purchase will happen as a reminder.

What are the limits?

Depending on the frequency, we have set the limits of the minimum and maximum value of each separate recurring buy.

Frequency

Min

Max

Weekly

15 EUR

250 EUR

Bi-weekly

15 EUR

500 EUR

Monthly

15 EUR

1000 EUR

When it comes to the total limit (this limit refers to the cumulative worth of all recurring buys you set in a day/month), the daily limit is 1000 EUR and the monthly is 5000 EUR.

Note: You may increase total limits, if you need to, just contact our Support team via [email protected] and they will gladly assist you further.

How can I set up Recurring Buys?

  1. Login to your Kriptomat account.

  2. Go to the Portfolio tab.

  3. Click Set Recurring Buy.

  4. Choose the amount (between 15 EUR-1000 EUR per order), then pick a cryptocurrency. Set up the month, day, and time of when you want the order to be executed.

  5. To move on, click Preview Recurring Payment.

  6. You should double-check all the information and ensure everything is set according to your wishes. Tick the checkbox to confirm that you agree and understand our Terms and Conditions. Then click the Buy button.

Now your Recurring buy is all set, and you can relax while Kriptomat is working for you and at your convenience. 😀

How can I cancel the recurring purchases?

  1. Login to your Kriptomat account.

  2. Select the purchase you wish to cancel.

  3. Click the button "Cancel recurring buy"

  4. Confirm the cancellation.

That is it! 😊

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Do you still have any questions? Use the support chat to contact our support team or send an email to [email protected]

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