What is Auto-Invest?
Auto-Invest is a feature that allows users to automate the purchase of crypto. It eliminates the need to manually place each order, making it easier for users to invest in crypto. Auto-Invest uses a dollar-cost averaging (DCA) investment strategy that can help reduce the risk of investing by spreading out purchases over time.
What are the risks associated with Auto-Invest?
Auto-Invest itself does not pose any risks, as it is simply a method of scheduling future crypto purchases. However, investing in cryptocurrencies can be volatile, resulting in potential losses. It's important to research and understand the risks before investing in cryptocurrencies.
Is there any fee associated with Auto-Invest?
There are no fees associated with scheduling your purchases through an Auto-Invest plan. However, after the investment plan is triggered, the system will initiate a transaction, which will be subject to Bybit transaction fees.
What are the supported currencies in Auto-Invest?
Click on the Auto-Invest Currency dropdown list to find out the available cryptocurrencies and Fiat.
Are there any verification requirements for Auto-Invest?
Yes, verification is required to schedule a purchase with Auto-Invest.
For more information on how to verify your account, please visit here.
Please note that some of the deposits for Business Verification require additional information, please refer to FAQ — Fiat Deposit for more information.
Are there any country restrictions for using Auto-Invest?
To comply with the country remediation, please refer to the following details:
— Russian and Belarus users are only able to purchase Auto-Invest plans in RUB.
— Dutch users can only use the four (4) pairs: EUR/USDT, EUR/USDC, EUR/ETH and EUR/BTC to purchase Auto-Invest plans.
Which account is used for Auto-Invest?
To purchase an Auto-Invest plan, you will need to use your Funding Account. It is important that you have sufficient fiat balance or crypto balance available in your account to ensure the successful processing of your scheduled purchases. To learn more about how to make a fiat deposit, please visit here.
How is the quote used for purchasing crypto determined when using Auto-Invest?
When using Auto-Invest, the quote used for purchasing crypto is based on real-time market conditions at the time of the scheduled purchase. As a result, the price of the crypto being purchased may fluctuate between each purchase, which is why it is important for users to keep this in mind when scheduling their recurring purchases and monitor the market conditions accordingly.
What are the limits for buying crypto with Auto-Invest?
Auto-Invest has no limits on purchasing with cryptocurrencies, but when it comes to buying with Fiat in Auto-Invest, the limits align with those of the Fiat Balance payment method in One-Click Buy. Check here for more information.
How do I subscribe to an Auto-Invest plan?
Subscribing to an Auto-Invest plan is a simple process that will only take you a few minutes to complete. For more information, please refer to How to Get Started With Auto-Invest.
What is the maximum number of plans I can subscribe to?
Each user is limited to a maximum of 20 Auto-Invest plans.
Will my funds be automatically deducted from my Funding Account when a scheduled purchase is processed?
When a scheduled purchase is processed for your Auto-Invest plan, your fiat balance or cryptocurrency will be automatically deducted if you have sufficient funds available.
Please note that we will not partially deduct any funds, and your order will only be successfully completed if you have sufficient balance in the fiat currency you would like to pay for your Auto-Invest plan.
Where will I receive my purchased crypto?
You will receive the purchased crypto in your Funding account.
Can I cancel my Auto-Invest plan?
Yes, you can cancel your plan at any time under Plan Details.
Can I cancel one specific Auto-Invest order?
No, you cannot cancel a single Auto-Invest order. However, you can cancel the entire Auto-Invest plan, which will stop all future scheduled purchases from being processed.
Can I modify my Auto-Invest plan?
Yes, you can modify your Auto-Invest plan parameters at any time. Simply go to the Plan Details and make the necessary changes to your plan. Please note that modifying only one scheduled order is not supported.
Can I get a refund for my order?
Once your Auto-Invest order goes through successfully, it cannot be refunded. However, you can terminate your Auto-Invest plan at any time.
Will the system automatically purchase the next order if I fail to purchase the current specific Auto-Invest order?
If the order fails due to insufficient funds, the system will only attempt to charge again on the next scheduled purchase. After three unsuccessful consecutive attempts, the plan will be automatically terminated.
Why are there restrictions on the dates I can select when using the Auto-Invest feature in a monthly subscription?
For monthly subscriptions, the restrictions are in place to ensure the consistency of your Auto-Invest plan. By limiting the date selection to the 1st to 28th day of each month, we can guarantee that your plan will execute consistently on the same day every month.