Bitflow Auto-Buy (DCA) is a dollar cost averaging feature designed to enable users to automate the purchase or sale of tokens at regular intervals over a specified period of time.
The Auto-Buy (DCA) feature has some very powerful use cases, such as interacting with low liquidity markets, long term accumulation, or consistent profit taking without disrupting the market price too much. Check out this Explainer Page to learn more about DCA other use cases.
Basic DCA User Flow
1. First, head to Bitflow Finance. Click on the SWAP, and then click on DCA icon below the top navigation bar.
2. Next, connect your wallet by clicking the Wallet Manager button in the upper right corner of the site.
3. Select the token and amount you are allocating (using to DCA) in the I Want To Allocate section.
4. Select the you wish to Auto-Buy (DCA) into in the To Buy section.
5. Set the Frequency (Every) and the Duration (Over) for the DCA orders.
6. Set your Auto-Buy range (Min Price and Max Price)
8. Review the DCA Summary details and if things look good, click the **Start DCA** button.
9. Confirm the wallet notification and your Auto-Buy (DCA) Order will be submitted.
10. A notification will appear in the upper right corner that will notify you once the transaction has been sent and has been completed.
11. Your new DCA will populate the Active DCAs section below the DCA Panel.
12. You can expand the Active DCAs and inspect the progress of the DCA order in the Overview tab, or inspect the individual orders on the Order tab.
That's it! Set and forget it!