Set Up a Recurring Buy on Coinbase with Stratus DCA Bot

Set Up a Recurring Buy on Coinbase with Stratus DCA Bot

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Main Topic: This pod provides a detailed walkthrough of how to set up and utilize the recurring buy feature offered by Stratus Crypto, a platform designed for automated Bitcoin Dollar-Cost Averaging (DCA) on Coinbase.

Most Important Ideas and Facts:

1. Benefits of Stratus over Coinbase Recurring Buy: Stratus emphasizes its advantages over Coinbase's native recurring buy feature, citing greater customization options and lower fees. "The Stratus DCA bot provides more customization and lower fees than setting up a Recurring Buy on Coinbase. Lower fees = more crypto acquired with your budget because the savings are reinvested."
2. Variety of DCA Strategies: Stratus offers several DCA strategies to choose from, including:

• Market Price: Buys Bitcoin at the current market price.
• 50% Market + 3 Limit Orders: Splits the budget, using 50% for market buys and 50% for limit orders placed at lower price points to "catch the dips".
• 3 Limit Orders: Uses the entire budget for limit orders at predetermined price levels.

1. Flexible Spending Management: Users can further customize their recurring buys by choosing how their budget is spent:

• Daily: Spreads the investment evenly across the selected interval (e.g., daily buys for a weekly interval).
• Once per Interval: Executes the entire buy on the first day of the interval.

1. Optional Advanced Settings: Stratus allows users to fine-tune their bots with options like:

• Days to Run: Specify specific days of the week for bot execution.
• Daily Run Time: Set a preferred time for orders to be placed.
• Price Limits (Floor & Ceiling): Define a price range within which the bot is allowed to buy.

1. Security & Integration with Coinbase: Stratus highlights its security measures and integration with Coinbase:

• Coinbase OAuth: Uses Coinbase's secure authorization method, limiting Stratus's access to user data.
• No Direct Fund Transfers: Stratus does not require users to transfer funds to its platform; all transactions occur within Coinbase.

1. Focus on Bitcoin and Coinbase: Currently, Stratus exclusively supports Bitcoin DCA on the Coinbase exchange.

Quotes:

• "A recurring buy is a foundational crypto investment strategy regardless if you’ve been in the market for 10 years or 10 days."
• "Unlike other bots, Stratus will NEVER ask you to supply your API keys, passwords, or public/private keys."
• "Dollar Cost Averaging Bitcoin is the investment strategy we live by at Stratus."

Overall Impression: Stratus is a user-friendly and secure platform for automated Bitcoin DCA, catering to both novice and experienced crypto investors. The article effectively highlights the platform's features and benefits, particularly its customization options and emphasis on security.