River Financial has removed the fees associated with recurring bitcoin purchases on its platform. The deduction is valid from one week after the customer has established the initial recurring purchase. River currently offers bitcoin management services through its website and iOS app, as well as white glove services for bitcoin mining.
River Financial, a Bitcoin-only technology and financial services company, has launched fee-free recurring bitcoin purchase orders, according to a press release sent to Bitcoin Magazine.
“With fee-free recurring orders, River customers can take advantage of low bitcoin prices and accumulate more bitcoins than ever before,” according to the statement.
Company customers will be freed from paying commissions when dollar cost averaging (DCA) begins one week after the initial recurring order is placed.
“The best time to start buying bitcoin was when you first heard about it. The second best time is now,” River CEO Alex Leishman said in the statement.
The fintech provider is a staunch proponent of DCA, the process of steadily accumulating an asset over time without regard to price at the time of purchase. The idea of this strategy depends on the fact that market timing is difficult, but if an investor sets up recurring purchases, they are likely to get into a good position over a long period of time by reducing exposure to price volatility.
“River is the most trusted brand in Bitcoin,” Leishman said. “We believe in security, transparency and service. Our goal is to help our clients build long-term wealth through Bitcoin.”
The Bitcoin service provider allows users to buy and hold BTC through intuitive services on its website and iOS mobile app. River also offers white glove services to the bitcoin mining industry, allowing customers to acquire a mining fleet in a leased data center integrated into its River Financial platform.