- River Financial has removed fees associated with recurring bitcoin purchases on its platform.
- The deduction is valid from one week after the initial recurring purchase has been set by the customer.
- River currently offers bitcoin management services through its website and iOS app, as well as premium bitcoin mining services.
River Financial, a bitcoin-only technology and financial services company, has launched recurring bitcoin purchase orders at no cost, according to a press release sent to Bitcoin Magazine.
“With recurring orders at no cost, River customers can take advantage of low bitcoin prices and accumulate more bitcoin than ever before,” the statement said.
Enterprise customers will be waived fees when the Cost Average (DCA) begins one week after the initial recurring order.
“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, according to the statement.
The fintech provider is a strong proponent of DCA, the process of steadily accumulating an asset over time, regardless of price at the time of purchase. The idea of this strategy is based on the fact that it is difficult to synchronize the market, but if an investor sets up recurring purchases, he is likely to achieve 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 with Bitcoin.
The bitcoin service provider enables users to buy and hold BTC through intuitive services on its website and iOS mobile app. River also offers premium bitcoin mining servicesallowing customers to acquire a mining fleet in a leased data center that is integrated with their River Financial platform.