Written by
Ewelina Skorupka
Published on
The Kanga Exchange platform allows you to set up recurring cryptocurrency purchases at intervals ranging from 1 minute to 30 days. This feature benefits scalpers looking for short-term trading opportunities and long-term investors who want to leverage dollar-cost averaging strategies for additional trading advantages.
In this guide, we’ll walk you through setting up your first recurring buy order, both through the web browser and mobile app.
Recurring Order – Web Browser
After logging into your account and navigating to trade.kanga.exchange, select one of the available trading instruments. In our example, we’ll use Bitcoin (BTC).
Click the open button to access the Kanga trading platform.
If you’re new to Kanga Exchange, we recommend reading our guide explaining the platform’s principles and functionality of all its components.
To place a recurring order, go to the BUY BTC widget located on the left side under the chart. You’ll notice a link in the bottom right corner of the tab labeled “Recurring Orders.”
Click the recurring order option to proceed.
A floating window will appear where you need to set five different variables, which we’ll explain in detail below.
Recurring orders enable you to place repeating buy or sell orders for cryptocurrency. Orders are executed at the best available market price, considering your set limit.
Fields to complete:
- Single Order Value: The amount of each individual order in the quoted currency (USDT in our case). If you want to regularly buy Bitcoin for 20 USDT, enter that amount.
- Maximum Purchase Price: The maximum price (in USDT) at which the buy order should execute. For example, you can specify that if Bitcoin exceeds $150,000, subsequent orders won’t be executed.
- Order Interval: The time interval between consecutive orders. The dropdown list includes several options: 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 3 hours, 6 hours, 12 hours, 1 day, 7 days, 14 days, 30 days. For long-term Bitcoin investment, you might choose the last option as part of a DCA (Dollar-Cost Averaging) strategy.
- Number of Repetitions: The total number of orders to be placed (1-100). You specify how many times the platform should make regular purchases on your behalf, for example, 10 times.
- Start Date and Time: When order placement begins. The first order will be placed immediately if you use the current or past date. If you use a future date, the recurring order will start from that point.
The completed fields of cyclical order might look like the following:
After completing the fields, click “Continue”
You’ll see an order summary. Remember that executed transactions will incur applicable fees.
Click the orange “Create Order” button to confirm.
If successful, you’ll see a message: “Your recurring order has been successfully placed.”
Click “Close” to return to the trading platform
The recurring order information will appear in the “recurring orders” field at the bottom of the platform (you may need to refresh). From here, you can cancel the order (X button) or pause it (pause button).
Management panel for recurring orders
Recurring Order – Mobile App
You can conveniently place recurring cryptocurrency orders through the Kanga Mobile app, available for Android and iOS devices.
After logging into your app, click the Markets button at the bottom of the screen.
This is the second navigation menu item from the left
Select your desired instrument from the available list. In our case, it’s BTC/USDT.
Click on the selected cryptocurrency pair to proceed further
On the main screen, look for the BUY BTC section at the bottom. Click the RECURRING button in the right corner to select the order type.
Follow the same steps as the web version to complete the five fields.
Click “Create Order” to proceed.
The app will display your recurring order details. Verify all information is correct, remembering that executed transactions will incur fees.
Click “Create” if everything looks good.
Upon success, you’ll see the message “recurring order has been created.”
Your new and active recurring orders will be displayed directly in the app under the RECURRING tab.
Congratulations! You’ve just placed your first recurring purchase order on Kanga Exchange. We also invite you to check out our guide, which explains step-by-step how to execute a spot market purchase using both market and limit orders.
FAQ
Is DCA available on Kanga Exchange?
Yes, the Dollar-Cost Averaging (DCA) strategy is available on the Kanga Exchange. You can implement it by setting up a recurring purchase order with a 30-day frequency. This enables automatic cryptocurrency purchases regularly, helping minimize the impact of short-term price fluctuations on long-term investments.
How do recurring purchase orders work on Kanga Exchange?
Recurring cryptocurrency purchase orders on Kanga Exchange enable automatic transaction execution at specified time intervals. You can set intervals from 1 minute to 30 days, suitable for both short-term and long-term investment strategies.
What parameters can be set in a recurring order?
Each recurring order requires setting several key parameters: order value (amount for regular cryptocurrency purchases), maximum purchase price (to avoid unfavorable rates), frequency (from one minute to 30 days), number of repetitions (how many times the system should execute the transaction), and start date (for immediate or future order activation).
How can I check or cancel a recurring order?
Active recurring orders can be viewed at the bottom of the trading platform in the browser and in the “RECURRING” tab in the mobile app. Each order can be canceled using the “X” button or temporarily paused using the pause icon.
Do recurring orders involve additional costs?
Each transaction executed within a recurring order is subject to standard Kanga Exchange fees. Review the summary before confirming your order to ensure all conditions meet your expectations.
Can I set up recurring orders for different cryptocurrencies?
Yes, users can set up recurring orders for any instruments available on Kanga Exchange. Each order is assigned to a selected trading pair and operates according to the established parameters.
What are the advantages of using recurring orders?
Recurring orders automate purchases, eliminating the need for manual trading. They enable the implementation of a Dollar-Cost Averaging (DCA) strategy, reducing the impact of short-term price fluctuations on long-term investments. This is a convenient solution for those who want to invest systematically without constantly monitoring the market.