MoonPay Recurring Buys

What is a recurring buy?

A recurring buy lets you automate cryptocurrency purchases at regular intervals, making crypto investing effortless and consistent.

This feature allows you to build your portfolio over time without the hassle of manual transactions. Funded directly from your MoonPay Balance, recurring buys provide a secure, seamless, and reliable way to stick to your buy strategy.

What are the benefits of recurring buys?

Recurring buys take the guesswork and stress out of remembering to purchase crypto, helping you build your portfolio consistently and confidently without needing to monitor the market regularly.

• Stress-Free Purchasing - Purchase at a steady pace without worrying about timing the market or navigating the overwhelming amount of information out there. Recurring buys simplify the process, making it easier to stick to your strategy without the need for constant decision-making.
• Time Saver - Set your purchase schedule once, and let MoonPay handle the rest. This feature is ideal for beginners and experienced investors looking for a hands-off approach.
• Build your Crypto Portfolio - Build your portfolio effortlessly with regular purchases on your schedule allowing you leverage different strategies, including Dollar Cost Averaging (DCA). You can learn more about DCA here
• Control & Flexibility - Manage your purchases your way - cancel recurring buys anytime! Stay informed with transaction notifications and customize your portfolio by setting up multiple recurring buys for any token offered on MoonPay.

How do I set up a recurring buy?

To set up a recurring buy, you’ll need an active MoonPay balance account. Once your account is topped up, you can follow these simple steps:

1. Sign in to your MoonPay app.
2. On the Home screen, tap Buy.
3. Enter the amount and cryptocurrency you wish to purchase.
4. Press the dropdown that says “One-time buy” at the top of the screen, then select “Recurring buy”.
5. Continue and choose your preferred purchase frequency (e.g., weekly, monthly, or twice a month).
6. Once set up, tap Pay now and confirm your recurring buy.

We’ll send you an email confirming that your recurring buy has been successfully scheduled.

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Helpful Advice:

• Payment Method: Recurring buys can only be set up from the buy flow using your MoonPay balance as the payment method.
• Currency Requirement: The currency you purchase must match the currency of your MoonPay balance account.
• Delivery Wallet: The wallet address you provide when setting up your recurring buy will be used as the default delivery wallet for all future recurring transactions. To change the wallet address, you’ll need to cancel the existing recurring buy and set up a new one with the updated information.

How do recurring buys work?

When setting up a recurring buy, you will make an immediate one-time purchase and schedule future purchases based on your selected cadence.

For example:

If you set up a recurring buy on Wednesday with a weekly cadence, you will make your first purchase immediately. Your next purchase will then occur on the following Wednesday and continue every Wednesday thereafter.

What payment methods can I set up a recurring buy?

Recurring buys can only be set up using your MoonPay balance as the payment method. Please check out this article for more information on MoonPay balance accounts.

What cryptocurrencies can I set up a recurring buy for?

You can set up a recurring buy for any supported cryptocurrency shown on this list from as little as $20 - minimum spend amount!

What happens if I don't have enough funds in my MoonPay balance to cover my recurring buy?

If you don’t have enough funds in your MoonPay balance to cover your recurring buy, you’ll receive an email reminder to top up your balance ahead of the scheduled recurring buy.

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Note:

If you don’t top up your MoonPay balance in time, your recurring buy will be skipped and we’ll try again on the next scheduled date.

What happens if my recurring buy fails?

If you don’t have enough funds in your MoonPay balance to cover the cost of your Recurring buy, it will be skipped and we’ll try again on the next scheduled date.

If your recurring buy fails for other reasons the payment will be refunded back to your MoonPay balance and the recurring buy will be automatically cancelled.

To prevent failures, please make sure that your MoonPay Balance has sufficient funds.

How can I cancel my recurring buy?

You can cancel your recurring in a few simple steps. We’ll walk you through them below:

1. On the Home page, tap the settings icon ⛭
2. Tap Recurring transactions
3. Select the Recurring buy that you’d like to cancel
4. Tap on the menu in the top right corner and cancel

You can also view and manage your recurring buys by going to this page buy.moonpay.com/v2/recurring

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Note:

To avoid being charged cancellations must be completed at least one day in advance of the scheduled recurring buy

What time will my recurring buy happen?

Recurring buys are processed at about the same time of day as the first purchase. While the exact time may vary, your transaction should still occur at about the same time each day of purchase.

To ensure your purchase is successful make sure your MoonPay balance has enough funds to cover the transaction before the scheduled date.

Can I set up recurring buys for a specific amount of crypto or is it only a fiat value?

We only support scheduling recurring buys for a specific fiat amount (e.g., $1000 worth of ETH each week, rather than 0.5 ETH each week).

This approach ensures:

• Consistency: It prevents unexpected outcomes due to price fluctuations. For example, if 0.5 ETH's value increases to $1100, your transaction could fail if your balance is insufficient.
• Simplicity: Using fiat values avoids confusion and minimizes transaction failures.

Are recurring buys set to continue, or will they end after a specific number of transactions?

Recurring buys will continue until you cancel them.

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Note:

A recurring buy will not be completed if your MoonPay balance does not have sufficient balance to make the Recurring buy.

Can I set up multiple recurring buys at the same time?

You can set up multiple recurring buys on any day, for any cryptocurrency, and for the same or different amounts. Any combination of these variables works. This allows you to fully customize your purchase strategy to suit your goals.

Can I schedule recurring buys to send crypto to a specific wallet, such as a partner wallet?

Yes, you can schedule recurring buys and have the cryptocurrency sent directly to a partner wallet.

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Note:

The wallet address you provide when setting up your recurring buy will be used as the default delivery wallet for all future recurring transactions. To change the wallet address, you’ll need to cancel the existing recurring buy and set up a new one with the updated information.

What are the fees associated with recurring buys?

MoonPay balance is designed to be a fast and cheap way to use our services. That’s why we waive our usual MoonPay fee when you set up a recurring buy with your MoonPay balance.

Remember though, when buying or selling crypto, network fees are a fact of life. This fee covers the costs associated with asset transfer and may vary depending on a number of factors, such as network congestion and operational costs.