Are you looking for a way to automatically setup recurring buy orders on Coinbase Pro because you do not want to pay the high fees of recurring buy orders on the main Coinbase platform? You want to periodically buy your cryptocurrencies so you don’t have to think about it? This guide will help you out in no time! Absolutely NO costs or subscriptions required.
If you don’t know about Coinbase Pro and you are still buying your bitcoin or other currencies directly on the Coinbase platform than please give it a quick google search because you are throwing money down the drain!
This is also no sponsored post. I’m not getting paid nor am I getting any advantages writing about this!
Lets get started!
*Automated deposits are only possible if you have the ‘transfer’ permission enabled as well!
Now create your API key. You’ll have to put in your 2-factor authentication key. If you are not using 2-factor authentication set it up as soon as possible! Now you will see your API Secret. This should be copied to your temporary file as well since you will not see it again.
After this is done your API Key should be created. We will need this key as well!
Let’s do the last and most fun part now! All we need to do is create a buy plan. You’ll have to choose the cryptocurrency you want to buy (Bitcoin, Ethereum and Litecoin are available options). Choose with which fiat currency you want to pay (EUR or USD). Choose the size you want to purchase each day. Keep in mind that the minimum amount is €10/$10. If you say you want to buy €1 or $1 each day it will buy €10/$10 every 10 days instead of buying €1/$1 each day. The last choice you have to make is whether you want to do a market or limit order. I recommend to picking market order. This way you are certain your order will get filled.
We are done. All you have to do is make sure that there is actual fiat on your Coinbase Pro platform after which you can sit back and relax.