In the world of cryptocurrencies, determining the optimal time to sell can be a considerable challenge. Calculating when to dispose of your assets without incurring losses requires precision. Bit2Me offers a solution for those looking to maximize their profits while minimizing stress.
The new functionality, Average Purchase Price, incorporated in version 3.8.0 of the application and on the website, is designed to simplify users’ lives by providing crucial data to help them make more informed decisions about when to buy or sell their crypto assets.
How does it work?
To access this new functionality, users must navigate to the screen of any cryptocurrency they have previously bought or sold, such as Bitcoin. At the top, by clicking on “balance,” located to the right of “price,” the “trade analysis” is displayed. Here, the Average Purchase Price is shown, calculated from all operations carried out with that specific cryptocurrency. This valuable information allows users to compare their average purchase price with the current market price, facilitating the decision of whether it is a good time to make a transaction.
Benefits of Average Purchase Price
For Bit2Me App and web users, there are numerous benefits they will find directly or indirectly with this new functionality:
- Clarity and simplification: It provides transparent and direct information, essential for making more informed buying and selling decisions.
- Speed and accessibility: It offers instant access to relevant data, allowing for agile decision-making in critical market moments.
- Decision management: It helps users minimize losses and maximize profits, as well as facilitating investment strategy planning.
- Control and tracking: It allows for detailed tracking of crypto evolution, offering a clear view of how crypto assets behave.
- Ease of use: The intuitive interface and effective presentation of information are highly valued by users.
Other types of purchases available on Bit2Me
Instant purchase
In addition to new purchase orders, Bit2Me continues to offer the same options as always. For example, instant purchase. Whenever you want, with minimal fees. You can reload your Euro Wallet to always have a deposit of euros ready for when the price is where you want it and only perform a swap between euros > your desired cryptocurrency. Deposit funds and don’t miss any market opportunities.
Recurring purchase
If you’re not into risks and you don’t care about the entry price, if you want to make a medium to long-term buying strategy, then recurring purchases are for you. Choose a purchase frequency (daily, weekly, or monthly), a cryptocurrency, and an amount to buy, and don’t worry about anything else. Automatically, at the chosen interval, purchases will be executed at the price at which, at that moment, the cryptocurrency you are buying is.
Purchase and sale orders
Set it up, and when the actual market price touches the one you’ve set, the purchase order is automatically executed, and we notify you directly with a notification on your mobile. The same happens if instead of buying at a certain price, you want to sell.
Remember that, to be able to program your purchase or sale order, you must have the necessary funds in your Euro Wallet and keep them until it is executed. Also, the price must be at least 5% (positive or negative) compared to the price at the time you send the order.
