What is Smart Buy?
Smart Buy is a feature on Raseed that helps investors automate their investing strategy by scheduling recurring purchases over a selected period of time. Instead of manually placing every order, Smart Buy automatically executes purchases based on the settings you choose, helping you invest consistently and maintain a disciplined approach to the market.
How Does Smart Buy Work?
When creating a Smart Buy plan, you can choose from four investment periods:
- •1 Day
- •1 Week
- •1 Month
- •3 Months
For the 1-week, 1-month, and 3-month options, the system places one order per day. If you select the 1-day option, you can schedule purchases at more frequent intervals:
- •Every 30 minutes
- •Every 1 hour
- •Every 4 hours
- •Every 8 hours
To ensure all scheduled purchases can be completed, you must have sufficient funds available in your wallet for the entire selected period. The required amount is automatically reserved and displayed as "Reserved for DCA" in your account balance.
What Is the Minimum Investment Amount?
The minimum amount per Smart Buy order is $1. For example, if you choose hourly purchases over a 1-day period (24 orders), the minimum total amount required would be $24.
Can I Cancel a Smart Buy Plan?
Yes. You can cancel any remaining scheduled orders at any time. However, orders that have already been executed cannot be reversed and will remain part of your portfolio.
Why Use Smart Buy?
Smart Buy can help investors automate recurring investments, reduce the impact of emotional decision-making, and maintain a consistent investing habit over time. It is particularly useful for users following a dollar-cost averaging (DCA) strategy or building positions gradually through regular purchases.