Dollar Cost Averaging (DCA) is now live in SatoshiLab’s pioneering crypto hardware wallet, Trezor, and accompanying free coin management app, Trezor Suite.
The savings strategy, where users buy a fixed dollar or euro amount of Bitcoin at a fixed frequency, is now automated within the Trezor ecosystem.
Statistically, the vast majority of people who try to day-trade with crypto will lose money. As an alternative strategy, DCA shifts emphasis to purchases according to how much a user wants to invest, not as a lump sum but as a budgeted amount over time. With DCA, the average price of trades reflects the long-term direction of the market, rather than being anchored to one moment, therefore reducing the risk of exposure to Bitcoin price volatility.
Making this feature available in Trezor Suite allows users to increase how much Bitcoin they have, without needing to manage it whilst keeping it safe on the Trezor hardware wallet, backed up by the users’ recovery seed.
This new feature has been brought to Trezor Suite by Invity, and is provided by Swan Bitcoin in the USA and BTC Direct in Belgium, Germany, Spain, the Netherlands and the Czech Republic.
Pavol “Stick” Rusnák, co-founder of Trezor Company: “The key to Bitcoin’s future is to welcome people who are currently intimidated by cryptocurrencies. But we’ve found that new users continually worry over two things: finding the perfect time to enter the market and keeping their Bitcoin safe. This integration solves both.”
About Trezor
Trezor is the independent Czech company behind the world’s first Bitcoin hardware wallet, the Trezor One. Its flagship product, the Trezor Model T comes with a full-color touchscreen and many advanced features, and both wallets are enhanced by the free Trezor Suite app which increases privacy and makes crypto more intuitive.
About SatoshiLabs Group
SatoshiLabs Group is the parent company of Trezor, Invity, and Tropic Square. It has contributed more than 22 innovative open security standards to the cryptocurrency industry, including BIP-39 Recovery seed and Passphrase, BIP-44, and SLIP-39 Shamir Backup, which have made cutting-edge security available to everyone. SatoshiLabs has expanded rapidly, with Invity offering multiple purchase methods to most of the world’s population, and Tropic Square set to release the world’s first auditable secure chip later this year.
About Invity.io
Invity.io is an independent Czech company and a member of the SatoshiLabs Group. Invity’s platform compares 17 crypto exchanges – with more added regularly – to enable users worldwide to buy, exchange, and sell crypto at the best rates all in one place. Invity’s interface and educational materials are specially designed to onboard newcomers to crypto, regardless of their technical knowledge. Invity’s comparison tool is an integral part of the free Trezor Suite app and is available on its standalone website for users of any wallet. Invity also maintains Coinmap.org, a longstanding crowdsourced resource showing Bitcoin ATMs and businesses that accept crypto.
About Swan Bitcoin
Swan Bitcoin is dedicated to helping the next billion people understand Bitcoin and what it represents for our future. Swan produces high-quality Bitcoin education and takes pride in excellent, accessible customer service. Swan.com is the best way to accumulate Bitcoin with recurring and instant buys. The Private Client Services division helps high net worth individuals and entities build generational wealth around the world. Swan’s Advisor Services platform is the easiest and most secure way for financial advisors to provide their clients with direct exposure to actual Bitcoin. For more information, visit Swan.com.