Maxbit

What Auto DCA does

Maxbit's Auto DCA schedules repeated purchases, often called dollar-cost averaging. You set the coin, amount and daily, weekly or monthly timing. Each run uses a market purchase rather than a fixed target price. Up to ten strategies can run, but an existing strategy's frequency cannot be edited. You can stop it and create another.

An unsuccessful purchase is not carried forward. Insufficient funds, incomplete verification, maintenance or excessive price movement can prevent a scheduled trade.

Account checks in Thailand

Register with an email address and phone number, verify the codes and set the app PIN. Maxbit then requires identity verification and a suitability questionnaire. Its Thai verification options include ThaiD and NDID. New users also have to answer all ten cryptocurrency knowledge questions correctly before trading.

Foreign applicants need documents from both categories in Maxbit's additional-document list. These can include a valid Thai work permit or qualifying non-immigrant visa and a further identity document. Tourist visas are not accepted for this requirement. The documents must be current, legible and in English.

Trading choices and costs

The trading fee is 0.25% for Limit, Quick, DCA, Grid and API orders; OTC trades are 0.1%. Coupons and membership benefits can change the amount charged on eligible transactions. Crypto withdrawals have a separate asset-dependent fee.

For a limit order, open Trade, choose Spot and Limit, then set the buy or sell price and amount. The order can remain unfilled until it executes, expires or is cancelled.

Grid trading places orders within a chosen price range. You can set the boundaries and number of levels yourself or use suggested parameters. Maxbit's name Perpetual Grid means a grid that continues until stopped; it is not a perpetual futures contract. Automated orders do not prevent losses when crypto prices move.