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Save in Bitcoin with scheduled buys direct to your Trezor. Set a fixed amount to buy every week, fortnight or month and build your bitcoin savings gradually without worrying about the price.
The new Bitcoin savings plan is our name for what’s known as “Dollar-cost averaging” (DCA), a savings strategy where you buy a fixed dollar or euro amount at a fixed frequency, to reduce exposure to price volatility.
This new feature has been brought to Trezor Suite by Invity, and is provided by Swan Bitcoin in the USA (except Hawaii, New York, and South Dakota) and BTC Direct in Belgium, Germany, the Netherlands and the Czech Republic. Registration is required to use the service.
Already have a Trezor? You can start saving today by opening Trezor Suite and looking for the Save Bitcoin button under the Trade menu of your Bitcoin account. All it takes to set up is to select how much you want to spend, and how often.
After a quick registration process with one of the service providers, your buys will be automatically executed at the frequency you choose, until you stop payments. Your bitcoin will be sent directly to an address that only you control, so you don’t need to worry about withdrawal fees or trusting a third-party custodian with your money.
A full list of steps to set up a Bitcoin savings plan can be found in the Suite Guide. Click the lightbulb in the bottom-right of Trezor Suite to open the guide then go to Suite Basics and open the Save Bitcoin page.
In Trezor Suite open the Accounts tab, choose an existing account or create a new one. You will need to register this account with Invity in step 2 in order to use the Save Bitcoin feature.
Click Trade then Save Bitcoin. Set the frequency and amount to buy then click Confirm setup.
You will be taken to Invity to set up an account, use your Trezor hardware wallet to log in.
Only addresses from the account chosen in step 1 will be used for receiving Saved bitcoin. Other accounts created by your Trezor are never available to service providers.
Complete the verification* as required by Invity’s partners. Confirmation may take up to 24 hours.
*Document verification is required to use DCA. Learn how to buy bitcoin without KYC.
Back in Trezor Suite, confirm your receiving address and payment information.
Complete your Bitcoin savings plan setup by creating a standing order in your banking application based on the provided payment information.
Your savings will be sent directly to the address you chose, safe on your physical Trezor device.
You can review and change your DCA settings at any time in your Save dashboard in Trezor Suite.
Statistically the vast majority of people who try to day-trade will lose money. Bitcoin savings is a way to always increase how much bitcoin you have, without needing to manage it. It will always be safe on your Trezor, backed up by your recovery seed.
Since you’re buying according to how much you want to invest instead of trying to spend all your money at once, you’re always in control and less likely to make a bad decision. No matter what price your automatic buy executes at, over time the average price of your trades will reflect the long-term direction of the market, rather than stay anchored to one moment.
Invity makes it easy to combine DCA with a one-time buy, so you can always buy more bitcoin instantly using the Trade function and transparently compare prices across lots of different exchanges to always get the best deal, without worrying about hidden fees.
Taking this hybrid approach means that you’ll never miss out if there are no significant price drops for a while, and gives you the flexibility to load up on extra cheap sats when the price is low.
Investing a lump sum at the lowest price is always going to provide better returns than a DCA strategy. But timing that bottom is all but impossible to perfect, which is why the term “catching a falling knife” has become popularized as a way to warn people against trying to predict how far the price will drop.
Even professional traders find it hard to turn a profit during volatile periods, so splitting that lump sum into installments which you spread across several days, weeks or months of purchases, helps cushion the impact if the price continues to fall.
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