Automate your savings with Trezor. Save a little every week, fortnight or month to build a safety net in money you can truly own. Invest comfortably without stretching your budget and protect yourself from short-term market volatility.
Open Trezor Suite, choose an account and click Trade to set up your Savings.
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It’s easy to start a savings account. Open the Trezor Suite app, set how often you want to buy and how much, and relax as your savings grow.
In Trezor Suite click Accounts, choose an existing account or create a new one. Only registered accounts can use Savings. Click Trade then Save. Set the frequency and amount to buy then click Confirm setup.
You will be taken to Invity to set up an account, use your Trezor hardware wallet to log in. Complete the verification* as required by Invity's partners. Confirmation may take up to 24 hours.
Back in Trezor Suite, click Confirm setup again and proceed to register your payment details with the provider. Your savings will be sent directly to the account you chose, safe on your physical Trezor device.
Using DCA
Saving a regular amount over time is known as dollar-cost averaging, or DCA. DCA is a savings strategy where you buy a fixed amount of an asset at a regular frequency, never putting in more than you’re comfortable with. Less experienced investors may favor DCA over a one time investment for two main reasons: to reduce the impact of volatility, and to not waste time watching the market.
Trying to outperform the market is difficult, even for professionals. A safer way to save for your future is to put aside a small amount of money every month, into an asset which won't be devalued by inflation.
Digital payments can seem complex, but Trezor makes it simple. To set up a savings account, just say how much you want to save and how often. You can then relax, knowing your savings are safe whatever happens. Making a secure backup of your wallet is as easy as writing down a shopping list, and no one can stop you from accessing your account.
A one-time investment leaves the value of your savings in the hands of the market, so any large downward moves will reduce the value of your assets by the same amount. With DCA, your purchase price becomes an average of all purchases over a long time, so you are less likely see large losses based on short-term price movements.