I've been tracking my Coinbase automatic purchases for a long time. I do automatic purchases every few days. It is nice because I don't have to think about it, transfer any money in, make any purchases. Obviously I trade a few dollars for this convenience.
70-80% I end up buying at the highest price of the day (right before downward movement)
10% of the time I end up buying at a price that is even higher than the high point of the day (today for instance, I bought at $23,341; the coinbase chart was showing a high of $23,250.)
10% of the time I buy at a good price, but this is often because one of the crypto's spike unexpectedly.
I am sick of paying 1.5-2% per transaction AND buying at peak prices. I know they do frontrunning, but this is ridiculous. At least Robinhood made the transaction at the same time each day.
Are there any other exchanges that offer a quality automatic transaction at an attractive price, that is "hands off?"
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments