How to Use Spot DCA on BYDFi (APP)
Spot DCA is a smart trading bot that helps users accumulate crypto over time by following a cost averaging strategy (DCA). Instead of trying to time the market, the bot automatically buys your selected token at regular intervals, lowering the impact of short-term volatility.
This feature is ideal for:
- Long-term holders who want to steadily build their portfolio.
- Traders who don’t care about short-term price fluctuations.
- Users who don’t have time to monitor the market every day.
How to Set Up Spot DCA on BYDFi App
1. Access Spot DCA
- On the BYDFi APP homepage, tap More.
- Select Bots.
- Choose Spot DCA, and the system will take you directly to the strategy creation page.
2. Configure Your Strategy
On the creation page, you can:
- Rename the bot (optional).
- Choose your target currency (e.g., BTC, ETH).
- Set the fixed investment amount (e.g., 100 USDT).
- Select investment frequency (e.g., daily, weekly, monthly).
3. Start the Bot
- Once confirmed, the bot will automatically purchase crypto at your chosen frequency.
- You can view the performance of past runs directly on the Spot DCA page.
Example Calculation
If you set the following parameters:
- Target Currency: ETH
- Investment Amount: 100 USDT
- Frequency: Weekly
- Duration: 1 Month
Here’s how the cost averaging works:
| 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 had bought 400 USDT of ETH in the first week, your cost would have been 1,860 USDT.
👉 With Spot DCA, the average cost is 1,745 USDT — a better entry price thanks to DCA.
Important Notes
- If your Spot Wallet balance is insufficient, Spot DCA will pause automatically until you deposit more funds.
- You can stop the strategy at any time.
🎥 YouTube Tutorial
Watch the full walkthrough to see how Spot DCA works in real-time. 👉 YouTube Tutorial