Upbit Introduces Automated Crypto Purchase Service

Upbit Launches ‘Coin Savings’ Automatic Investment Service

The Dunamu, the operator of Upbit, announced on August 16th the launch of a new service called “Coin Savings,” which allows users to automatically purchase cryptocurrencies based on pre-set conditions.

This service enables users to buy assets like Bitcoin, Ethereum, and Ripple on a daily or weekly basis, helping them effectively manage market volatility.

The “Coin Savings” service utilizes a dollar-cost averaging investment strategy, which reduces the risk associated with short-term market fluctuations while potentially benefiting from long-term upward trends. For instance, if a user had purchased Bitcoin monthly at 100,000 KRW from January 2023 to the end of July 2024, they would have seen a 92% return, turning an investment of 1.9 million KRW into approximately 3.66 million KRW.

Users can set up regular automatic orders by specifying the cryptocurrency, timing, and amount they wish to invest. The service offers a unique feature in the domestic market by allowing users to select specific 5-minute time slots for their orders. Initially, the service will support Bitcoin, Ethereum, and Ripple, with plans to expand to other cryptocurrencies in the future.

A representative from Dunamu stated, “We hope that ‘Coin Savings’ will help Upbit users effectively navigate the volatility of the cryptocurrency market,” adding that the company is committed to fostering a healthy investment culture by continually enhancing its services.

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^{Provided by: DUNAMU}