Setting up recurring buys is a piece of cake! With just a few clicks, you can leverage the power of dollar-cost averaging (DCA) through automated token purchases at regular intervals. To get started, just follow these simple steps.
Before getting started, please note that this feature is only available in our mobile app. If you have not already, you can download our Bake mobile app both on the Google Play Store and the Apple App Store via the links below:
Now that you have the mobile app installed, let’s get started!
Open your Bake mobile app and select Set up recurring buys on your Home screen.
2. An information screen will pop-up with further information about what recurring buys are as well as their benefits. Once you are ready, select the button Set up recurring buy below.
3. Choose the preferred coin for your recurring buy, and tap Continue.
4. On the next screen, you will be asked to input the desired monthly amount (1) that you wish to buy as well as the desired day of the month (2), when the recurring buy should take place every month.
Once both the desired monthly amount and the day are defined, you may tap the Continue button.
5. On the following screen, you will be asked to select in what way your recurring buy should get allocated. For e.g. DFI, it will ask you to select if you want it to go into 1 month Fixed Term Staking or 12 months Fixed Term Staking. Once you made your choice, you may tap the Continue button.
6. After that, you will reach the Review screen, where you can double check all the information of your order. Once reviewed, you may continue by tapping the Confirm button below.
After tapping the Confirm button on the Review screen, you will see a pop-up appearing, where you will be redirected to Stripe, our third-party payment provider, to imput your payment information. Tap Continue to proceed and follow the instructions on the Stripe website.
6. Once you have successfully inputted your payment information on the Stripe website, you will be redirected back to the Bake mobile app, and see a confirmation screen if the order was successful.
Congrats, you have now successfully set up your recurring buy!
For more information about recurring buys, please check our: Recurring Buys FAQs