How to set up a recurring buy (SIP) on Usko
Automate a fixed purchase on a schedule so you stop trying to time the market, and see how baskets spread it across several coins.
What you need first
- A verified account.
- A funded balance in the currency you want to buy with.
- A plan you can stick to. The whole benefit of a recurring buy comes from not interfering with it.
A SIP — a systematic investment plan — buys a fixed amount on a fixed schedule, automatically. When the price is high your money buys less; when it is low it buys more. Over time this averages out your entry price and takes the guesswork out of choosing a moment.
Step 1 — Open the SIP section
Go to Invest or Earn and select SIP. You will see any existing plans and a button to create a new one.
Step 2 — Choose what to buy
Select the market you want to buy into, for example a major coin paired with the currency you hold. Start with something you actually understand and intend to hold for a while.
Step 3 — Set the amount and the frequency
- Enter the amount to spend each time. Choose a figure you can comfortably repeat for many months.
- Choose the frequency — the options available are listed on the form.
- Set the start date if you want it to begin later.
Step 4 — Keep the funding balance topped up
Each execution draws from your wallet balance. If the balance is short when the plan runs, that execution is skipped and recorded as such. Keeping a small buffer above the plan amount avoids the whole problem.
Step 5 — Confirm and let it run
Review the summary and confirm. The plan appears in your SIP list as active, showing the next scheduled execution.
Step 6 — Review the history
Each execution is logged with the date, the amount spent, the price at the time and the quantity bought. That history is your record of the average price you have actually paid — and it is what you will need for tax reporting.
Step 7 — Pause, edit or stop
You stay in control: a plan can be paused, edited or cancelled from the SIP list at any time. Cancelling stops future purchases; it never touches the coins you have already bought.
Baskets: one plan, several coins
Usko Sets let a single recurring buy be split across several coins by percentage — for example most into one large coin and the rest into a couple of others. You set the split when you create the basket, and each execution divides your amount accordingly. It is a tidy way to spread a small regular amount without running several separate plans.
Watch it in the Usko app: the Earn section, positions, and the SIP and Sets screens where recurring plans live.
Risk warning. Averaging your entry price reduces the risk of buying everything at a bad moment. It does not protect you from loss. If the asset falls and stays down, a recurring buy loses money too.