Buying cryptocurrencies periodically help you to reduce the volatility. This method is called DCA (Dollar Cost Averaging). It's the ideal method for long-term regular savings.
DCA Bot is using your existing crypto exchange account to create trading orders at the right time. You will set just the amount and purchase frequency - the DCA Bot will do the rest.
DCA Bot only works with funds in your exchange account. The transfers to the exchange and the withdrawals of cryptocurrencies are in your hands.
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The amount of money that will be used for each individual trade.
Frequency of trading.
Funds that will be invested every month based on the parameters you set.
Before creating a bot, you will need to create an account on a cryptocurrency exchange and transfer enough funds to it.
To create a bot, you must choose your planned investment. Specifically, you set the size of one purchase and the regularity. For example, if you set $10 per day, the bot will create a $10 order every day. So that's a total of roughly $300 per month.
These values should be generated at Kraken API key management. DCA Bot needs the "Query Funds" permission and all "Order & Trades" permissions.