Savings Plan
We’re making saving even easier with our BISON Savings Plan! Interested in regularly investing in cryptocurrencies over a long period of time, for a fixed amount?
Try it out now!
What You’d Benefit From
More Flexibility
Invest in your savings plan weekly, monthly, or quarterly with as little as 0.01 €. If things get tight, you can pause your plan at any time and continue saving at a later date.
More Ease
Set up a one-time savings plan for your favorite coin, tailored to your needs – it’ll only take a few minutes.
More Possibilities
Create as many savings plans as you want. For each cryptocurrency, you can create one – or even several – savings plans.
Save Better with the Cost Average Effect
As with other financial products, cryptocurrencies are also subject to market volatility. You can offset these price fluctuations by regularly investing a steady amount in your savings plan. By doing so, you’ll receive more shares when prices are falling and fewer shares when prices are rising. Depending on how the market is doing, a one-time investment could also yield a better return – so the cost-average-effect doesn’t necessarily apply to everyone.
The first customer decides to buy 5 shares of their favorite coin each month. The price of the shares depends on price fluctuations:
The second customer has created a savings plan and buys the corresponding shares of their favorite coin each month for €100. As a result, they receive the following amount:
Here’s How Easy It Is to Set Up Your Savings Plan:
1. Click on “Trading” in the BISON app navigation bar (when creating your savings plan online, you do not do this first step).
2. Go to the Savings Plan section and click on “New Savings Plan”.
3. Select the cryptocurrency of your choice.
4. Specify your custom amount and frequency of your investment.
FAQ
You can start your savings plan with an amount of €0.01.
The cost average effect occurs when a certain amount is regularly invested over a long period of time. As a result of price fluctuations, you receive more shares when prices fall, and fewer shares when prices rise. Many investors use a savings plan to profit from the cost average effect in the long term. As with other financial products, cryptocurrencies are also subject to market volatility. You can offset these price fluctuations by regularly investing a steady amount in your savings plan.
