What is Auto-Stack?
Auto-Stack, also known as Dollar Cost Averaging (DCA), is a powerful feature that allows you to schedule regular purchases of bitcoin at a specific cadence, be it daily, weekly, or monthly. By automating your bitcoin purchases, you can take advantage of the benefits of DCA and gradually build your bitcoin holdings over time.
The Benefits of DCA
Dollar Cost Averaging for bitcoin offers several advantages. It helps mitigate the impact of market volatility by spreading out your purchases over time. By consistently buying bitcoin at regular intervals, you reduce the risk of making a large purchase at an unfavorable price point, ultimately benefiting from the potential long-term growth of the bitcoin market.
How Do I Set Up an Auto-Stack?
Setting up an Auto-Stack is straightforward:
- Open the Fold app
- Tap Bitcoin
- Under the Grow your stack heading, tap Auto stack
- Tap the Continue button
- Select the frequency of your Auto stack bitcoin purchases: daily, weekly or monthly
- Tap the Next button
- Input the amount you want to purchase with your auto stack
- Review all the details, then tap the Confirm auto stack button
- Tap the done button
Boom! You’re all set to begin your automated sat-stacking journey with Fold. Your first auto stack will initiate right away.
Note: you must have funds in your Fold Card account in order to purchase bitcoin. See all ways to fund your Fold Card here: How do I add money to my Fold Prepaid Debit Card?
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
Editing an Auto-Stack
To make changes to an active Auto stack, you first have to delete the existing Aut stack, and then you can create a new one with your updated preferences. Just follow these steps:
- Open the Fold app
- Tap Bitcoin
- Under the Grow your stack heading, tap [Daily/weekly/monthly] purchase
- Tap Turn off Auto stack
- Confirm by tapping the Turn off button
- To set up a new Auto stack, under the Grow your stack heading, tap Auto stack
- Tap the Continue button
- Select the frequency of your Auto stack bitcoin purchases: daily, weekly or monthly
- Tap the Next button
- Input the amount you want to purchase with your auto stack
- Review all the details, then tap the Confirm auto stack button
- Tap the done button
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
Disabling Auto stack
Should you decide to disable an active Auto stack, follow these steps:
- Open the Fold app
- Tap Bitcoin
- Under the Grow your stack heading, tap [Daily/weekly/monthly] purchase
- Tap Turn off Auto stack
- Confirm by tapping the Turn off button
If these instructions do not match the options visible in your current version of the Fold app, please follow our standard troubleshooting steps to ensure you are getting the most up-to-date experience in the app!
Fees and spread for buying bitcoin through Auto stack
Fees
For Fold+ subscribers, there are no fees on direct bitcoin purchases within the Fold app. This does not apply to Fold Bitcoin Gift Card redemptions.
For basic users, there is a 1% fee to purchase bitcoin through an Auto-Stack.
Spread
Fold includes a spread in the price when you buy or sell bitcoin. This allows us to temporarily lock in a price for trade execution while the transaction is being submitted. Spreads are built into the exchange rate shown on the purchase summary (Ex: The “price” of bitcoin may be $100,000 but what you see on your purchase confirmation page may show $100,400. That difference of $400 represents a 0.4% spread.)
We aim to offer competitive, bitcoin-only pricing to give you the most sats per dollar. You can compare fees, spreads, and total cost of some popular bitcoin exchanges at www.btcpricetool.com.
When will my Auto stack start and repeat?
Your Auto stack will begin immediately on the day and at the time you set it up. It will repeat according to the cadence you selected and will trigger around the same time as the initial buy, but may take up to an hour later.
For example, if you set up a daily Auto stack on a Wednesday at 5:30pm, the first buy will process immediately; the second buy repeats on Thursday and will process between 5:30 and 6:30pm.
Number of active Auto stacks
Please note that, currently, users are limited to setting up and maintaining one active Auto-Stack at a time.
Why choose to Auto stack on Fold?
No Fees for Fold+ Users
We are excited to offer Fold+ subscribers the exclusive benefit of fee-free bitcoin purchases through Auto-Stacks. This means that for every dollar spent on buying bitcoin, you keep the full value of your investment.
If you still have questions, or need further assistance, please email us at support@foldapp.com.
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