An exchange (or cryptocurrency exchange) is a digital platform that allows users to buy or sell crypto currencies. Since ZenDCA is not an exchange, it works by connecting to your exchange account and trading on your behalf.
Currently ZenDCA supports 3 major exchanges: Coinbase, Gemini and Kraken.
If you're not already registered with one of the supported exchanges, creating an account is free and easy. You can register with an exchange using the following links:
- Coinbase
- Gemini (Get $15 in crypto of your choice, after you trade $100+ within 30 days)
- Kraken (Get $10 in Bitcoin after you buy $100 worth of cryptos, within 30 days)
We're currently in the process of migrating from Coinbase Pro to Coinbase Advanced Trade.
The benefit of connecting your exchange account to ZenDCA is we buy crypto currencies on your behalf with the lowest fees possible. For example, if you use the Gemini mobile app to buy $100 of Bitcoin every week, your fee currently* would be $2.99 per transaction (reference). On ZenDCA it would be ≈$0.35. That's a savings of ≈$2.64 per transaction. Not to mention we use the true market price of Bitcoin, which means you're getting the most Bitcoin possible for what you're spending.
* Exchange fees are always subject to change, so please refer to their documentation for the latest fees.
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