{"id":11939,"date":"2021-09-09T23:54:05","date_gmt":"2021-09-09T23:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/robinhood-launches-recurring-crypto-buy-feature-to-help-smooth-out-price-swings\/"},"modified":"2021-09-09T23:54:05","modified_gmt":"2021-09-09T23:54:05","slug":"robinhood-launches-recurring-crypto-buy-feature-to-help-smooth-out-price-swings","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/robinhood-launches-recurring-crypto-buy-feature-to-help-smooth-out-price-swings\/","title":{"rendered":"Robinhood Launches Recurring Crypto Buy Feature to \u2018Help Smooth Out Price Swings\u2019"},"content":{"rendered":"

On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company\u2019s announcement discusses the strategy of investment called dollar-cost averaging \u201cin order to help smooth out the price swings.\u201d<\/strong><\/p>\n

Robinhood Rolls Out Recurring Crypto Purchases<\/h2>\n

The investment platform Robinhood (Nasdaq: HOOD) is now providing customers with the ability to purchase crypto assets in a recurring fashion. This means that customers can purchase a set amount of digital currency ($1 or more) and buy it every day, week after week, every two weeks, or on a monthly basis. Additionally, Robinhood says that clients can \u201cset recurring investments across multiple coins without ever incurring a fee.\u201d<\/p>\n

\u201cToday we\u2019re rolling out crypto recurring investments, a new feature that allows you to regularly buy your favorite coins, commission-free and with as little as $1 on a daily, weekly, biweekly, or monthly schedule of your choice,\u201d Robinhood\u2019s announcement notes. \u201cSaving is a habit and recurring investments introduce a strategy to grow holdings over time while potentially reducing the impact of market volatility.\u201d<\/p>\n

The company has become well known in the crypto industry, and following Coinbase\u2019s initial public offering (IPO), Robinhood also went public this year. On June 29, Bitcoin.com News reported<\/a> on Robinhood\u2019s IPO and how it fell short of expectations. Robinhood is also often associated with dogecoin (DOGE) and crypto-focused armchair sleuths believe<\/a> Robinhood is the largest DOGE wallet owner.<\/p>\n

In fact, dogecoin helped Robinhood\u2019s revenue quite a bit in 2021 as reports<\/a> note that DOGE made up 62% of the company\u2019s cryptocurrency revenue in the second quarter. The latest recurring crypto purchasing feature indicates that Robinhood aims to be a mainstay in the digital currency exchange world. Many other digital currency exchanges like Crypto.com and Coinbase have offered recurring purchases for a while now.<\/p>\n

<\/p>\n

Robinhood Insists Competition\u2019s Fees Are Higher<\/h2>\n

Robinhood\u2019s announcement insists that its competitors are charging 4% for every crypto trade and the company\u2019s \u201cmission is to democratize finance for all.\u201d \u201cFees on other platforms are higher for smaller recurring purchases than they are for a single large one,\u201d Robinhood\u2019s announcement stresses.<\/p>\n

\u201cWhile that may make your strategy to regularly invest small dollar amounts more profitable for those companies, it ends up being counterproductive to building long-term wealth. At Robinhood, if you place an order and spend $100 to buy bitcoin, you\u2019ll get $100 worth of bitcoin. Period,\u201d Robinhood\u2019s announcement concludes.<\/p>\n

Robinhood\u2019s stock HOOD has not been faring well during the last month as it was trading for $56.83 per share on August 9. Today, HOOD is down 29.52% and trading for $40.05 per share on September 9.<\/p>\n

What do you think about Robinhood adding the recurring crypto purchase feature to the trading platform? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nExchanges, $1 buys, Bitcoin, Coinbase, Commission-free, Crypto Buys, Crypto.com, DCA, Doge, dogecoin, Dollar-Cost Averaging, Fees, HOOD, HOOD shares, Nasdaq: HOOD, Recurring Investment, Recurring Purchase, Robinhood, Robinhood Exchange, Small Buys<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company\u2019s announcement discusses the strategy of investment called dollar-cost averaging \u201cin order to help smooth out the price swings.\u201d Robinhood Rolls Out Recurring…<\/p>\n","protected":false},"author":0,"featured_media":11940,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11939"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11939"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11940"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}