Press release
Automatic crypto investment plans with automatic withdrawals to external wallet makes crypto investing easier, more efficient, and prevents trading out of emotion.
- Thanks to ‘Auto Invest‘, the new crypto investment plan, people can now automatically and periodically invest in 100+ coins and 7 crypto Bundles
- As a result, crypto investors no longer need to worry about ‘timing the market’; by investing periodically, one buys at an average price and is no longer at the mercy of market volatility
- For the first time, investors can also enable the automatic withdrawal of the purchased cryptocurrencies to their external wallet after each investment for all supported coins. Finst, the Amsterdam-based crypto platform which is now among the 5 largest exchanges in the Benelux in trading volume, is launching a new unique service on its first anniversary. With ‘Auto Invest’, it enables periodic investment plans in 100 cryptocurrencies and gives investors the option to automatically withdraw the purchased assets to their external wallets. With Auto-Invest, Finst closes the first chapter of its mission that was aimed at long-term investors looking to gain easy and safe exposure to the crypto market. To achieve this, Finst developed some of the best solutions in the industry such as crypto Bundles, Proof of Reserves, Staking and Auto-Invest. Automatic and recurring purchases of cryptocurrencies Automatic and periodic purchases via investment plans is already well established among equity investors thanks to the many advantages it offers. For instance, investors don’t have to worry about the best time to buy, because investing at regular intervals enables them to flatten out their average purchase price over time. This way, Auto Invest removes the risk of entering the market at a less favourable time. In financial jargon, this is also known as ‘Dollar Cost Averaging’ (DCA). Forget FOMO and trading out of emotion With ‘Auto Invest’, Finst offers fully automated weekly, bi-weekly or monthly purchases to enjoy the benefits of DCA in a market often subject to high volatility. It is the ideal way to avoid trading out of emotion as it helps sticking to a long-term investment strategy. When combined with a recurring deposit, Auto Invest removes every manual step of the process for investors, thus saving them time. Auto Invest is available with a minimum amount of 10€ only and incurs no additional fee besides the regular trading fee of 0.15% per transaction, which is the lowest in the Netherlands*.
Inhoudsopgave
Fully automatic withdrawals to external wallet
A unique feature of Finst’s crypto investment plan is the ability to withdraw the purchased assets to an external wallet automatically without any manual intervention after every purchase. So, while the recent Proof-of-Reserves audit shows that Finst holds all its clients’ assets on a 1-1 basis and strictly separates customers’ funds from its own, this functionality offers additional flexibility to investors who want to store their cryptocurrencies themselves.
Auto Invest and Finst’s bundles, a match made in heaven
For their crypto investment plan, investors can choose from the full range of 100 digital currencies offered by Finst or from one of the 7 crypto Bundles available on its platform.
Finst’s Crypto Bundles allow investors to buy and sell a combination of the largest cryptocurrencies with a single click, with monthly automatic rebalancing. The Amsterdam-based cryptocurrency exchange offers several Bundles, such as the top 10 or top 25 cryptocurrencies based on market capitalization or sector-specific Bundles, including a Green Bundle featuring the most environmental-friendly coins.
An investment plan in one of the Crypto Bundles combines the benefits of Dollar Cost Averaging with automatic diversification, thus taking away the difficulty of choosing what and when to buy from hesitant crypto investors.
Julien Vallet, CEO: “Crypto investment plans have been one of the most requested features by our community over the last months and we are proud to bring another innovative solution to the market on our first anniversary. Many retail investors tend to overtrade and find it difficult to commit to their strategy in the long term, which ultimately deteriorates their performance. With automatic purchases and withdrawals, they can now set their investments on autopilot while we take care of the heavy lifting for them at no extra costs.”
About Finst
Finst is one of the fastest-growing cryptocurrency exchanges in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 83% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the largest and most trusted cryptocurrency platform in Europe by enabling retail investors to benefit from the same opportunities and tools as professional traders. For more information visit www.finst.com.
