Saving in Bitcoin or buying Bitcoin is a great way to hedge against inflation of fiat currencies, and employing an investment strategy such as Dollar-cost-averaging (DCA) instead of buying Bitcoin with a lump sum, is a smart way to protect your asset against the price volatility of Bitcoin, thereby protecting you from loss, long term.
On Bitnob, you can create a Bitcoin savings plan with as little as $1. You can choose daily, weekly, or monthly automated savings, and you can activate your plan to run for 3 months, 6 months or 1 year. Fun part? You can have multiple active plans and save towards different projects.
To create a Bitcoin savings plan, follow the steps below:
Click on “Start a Savings Plan” on the homepage or click “Plans” on the homepage
Click Create a new plan
Click "Bitcoin Savings"
Name your plan
Add the amount to be debited
Choose a debit frequency (daily, weekly, monthly)
Set a lock period for your plan (3 months, 6 months, 1 year)
Set your start date
Click "Proceed to Payment"
Select your Payment Source (the USD wallet is chosen as default).
Click "Start Plan"
Congratulations! Your Bitcoin savings plan has been successfully created.