How do I turn on/off Recurring Buys?

This article will provide a comprehensive guide on how to enable, view, and disable Recurring Buys for cryptocurrencies using the Metal Pay application. By following these steps, you will be able to manage your cryptocurrency investments more effectively.

• Recurring Buys offer a convenient way to engage in DCA, or Dollar Cost Averaging, which is a strategy that enables you to gradually build your cryptocurrency portfolio over time. This approach allows you to invest consistently without the pressure of trying to predict market fluctuations, making it easier to accumulate assets with low stress.

Before Getting Started

• Ensure that your Metal Pay account is fully verified. This is a crucial step, as having a verified account will enable you to access all features of the app, including Recurring Buys.   

Getting Started

1. Open Metal Pay on your device. This application is available for both iOS and Android users, making it accessible for a wide range of smartphone users.
2. Once the app is opened, tap on the 'Crypto' Card. This section of the app is dedicated to cryptocurrency transactions and will provide you with various options for buying and managing your digital assets.
3. Select the cryptocurrency you wish to purchase. Metal Pay supports a variety of cryptocurrencies, so you can choose the one that aligns with your investment strategy.
4. After you tap the 'Buy' button, you will notice a 'Recurring' button located at the top right corner of your screen. This is where you can set up your recurring purchases. Here are the options available to you:
   1. One-time purchase: If you prefer, you can opt for a one-time purchase without setting up a Recurring Buy, allowing for more flexibility in your investment approach.
   2. Daily: You can choose to make daily purchases, which is ideal for those who want to invest small amounts frequently.
   3. Weekly: If you prefer a weekly strategy, you can select a specific day of the week for your purchases, allowing for consistent weekly investments.
   4. Monthly: Alternatively, you can set up monthly purchases on either the 1st or the 15th of the month, which can help in budgeting your investments over a longer period.
5. Next, choose your preferred payment method. Metal Pay offers various options for funding your purchases, ensuring that you can select the one that best suits your needs.
6. After selecting your payment method, take a moment to review your transaction. This step is essential to ensure that all details are correct before finalizing your purchase.
7. Finally, click 'Schedule' to confirm your Recurring Buy. This will activate your chosen recurring purchase schedule.

ℹ️ When you set up a Recurring Buy, please note that this configuration applies to one cryptocurrency at a time. If you wish to establish multiple Recurring Buys for different cryptocurrencies, you will need to repeat all the steps outlined above for each individual asset.

For further information on transaction limits, you can check out our Metal Pay Transaction Limits.

Where to View or Cancel Your Current Recurring Buys

1. Begin by tapping on your Account, which can be found in the upper-left corner of the Menu screen. This is the starting point where you can manage various aspects of your account.
2. Next, locate and select the option labeled 'Recurring buys'. This section will provide you with a comprehensive overview of all your ongoing recurring purchase arrangements.
3. If you wish to cancel a specific Recurring Buy, simply identify the recurring purchase you intend to cancel from the list presented. It's important to ensure that you are selecting the correct order to avoid any unintended cancellations.
4. Finally, tap on 'Cancel Order'. This action will finalize the cancellation process for the selected Recurring Buy, ensuring that no further purchases will be made for that item.

If you have any questions about this guide or just want to say “Hi”,  find out how you can contact our Client Services team. Also be sure to follow our Client Services Help Center on X (@MetalHelpsMe) to stay up to date and learn how to get the most out of your Metal Pay experience!