How to Use Spot DCA on BYDFi (PC)
Spot DCA is an intelligent trading bot on BYDFi that helps users accumulate crypto assets over time through a Dollar-Cost Averaging (DCA) strategy. Instead of trying to time the market, the bot automatically buys your selected tokens at fixed intervals, smoothing out price volatility and reducing short-term risks.
This feature is especially suitable for:
- Long-term investors who want to steadily build crypto holdings.
- Users who are not concerned with short-term price fluctuations.
- Traders who don’t have time to monitor the market in real time.
How to Set Up Spot DCA on BYDFi (PC)
1. Access Spot DCA
- Log in to your BYDFi account (PC).
- From the top navigation bar, click Trading → Trading Bots.
- Select Spot DCA to enter the strategy creation page.
2. Configure Your DCA Strategy
On the creation page, you can:
- Rename the bot (optional).
- Choose your target token (e.g., BTC, ETH).
- Set your fixed investment amount (e.g., 100 USDT).
- Select your investment frequency (e.g., daily, weekly, monthly).
3. Start the Bot
- After confirming your settings, the bot will automatically purchase the token at your chosen frequency.
- You can view the performance of your past strategies on the Spot DCA page.
Example Calculation
Suppose you set the following parameters:
- Target Token: ETH
- Investment Amount: 100 USDT
- Frequency: Weekly
- Duration: 1 Month
Trading results:
| Week | Trading Price | Trading Volume |
|---|---|---|
| 1st | 1,860 | 0.05376344 |
| 2nd | 1,650 | 0.06060606 |
| 3rd | 1,770 | 0.05649717 |
| 4th | 1,700 | 0.05882352 |
📌 Average Entry Price = (1,860 + 1,650 + 1,770 + 1,700) ÷ 4 = 1,745 USDT
👉 If you directly invested 400 USDT in Week 1, your entry price would have been 1,860 USDT.
👉 With Spot DCA, the average entry price drops to 1,745 USDT, lowering your cost through DCA.
Important Notes
- If your Spot Wallet balance is insufficient, the investment plan will automatically pause until you deposit more funds.
- You can manually stop the strategy at any time.