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FLOQ AutoBuy

Updated
About AutoBuy

AutoBuy is a feature that allows you to automatically purchase crypto assets according to the amount and schedule you select. With AutoBuy, you can make recurring asset purchases without having to purchase them manually.

What you need to know: 

  • Funds are taken from your FLOQ Balance.

  • Each AutoBuy purchase uses a Market Order, so the price follows the market price when the purchase is made.

  • Schedule options: Daily, Weekly, Biweekly, and Monthly (the 1st–28th).

  • AutoBuy is available to users who have completed verification (KYC).

How to Create an AutoBuy

There are 2 ways to create an AutoBuy. Choose the one that best suits your needs.

Method 1: From the AutoBuy Menu 

Suitable if you want to create a schedule first without making a purchase now. 

  1. On the Home page, tap the AutoBuy menu. 

 

  1. On the AutoBuy page, select New Plan.

 

  1. Select the crypto asset you want to purchase and enter the purchase amount. Tap Schedule, select the desired schedule, then tap Apply. Tap Continue, then review your plan summary.

For a Monthly schedule, you can select the 1st–28th.

 

  1. On the confirmation page, review the selected asset, purchase amount, and schedule. If everything is correct, check the terms and conditions, then tap Confirm Investment.

 

  1. Your AutoBuy Plan has been created successfully.

Things to note:

  • Creating an AutoBuy Plan through the AutoBuy page does not purchase crypto assets immediately.
  • The first purchase will be made on the next scheduled date according to the plan settings.
  • Your balance does not need to be sufficient when creating the plan, but it must be sufficient when the purchase is scheduled.
  • Make sure your FLOQ Balance is sufficient before the investment schedule so the purchase can be processed.

 

Method 2: From the Trade Page 

Suitable if you want to purchase immediately while also creating a recurring schedule. 

  1. On the market order trade page, select the crypto asset you want to purchase and enter the purchase amount, then enable the AutoBuy toggle. Tap Schedule, select the desired schedule, then tap Apply. Tap Continue, then review your plan summary.

 

  1. On the confirmation page, review the selected asset, purchase amount, and AutoBuy schedule. If everything is correct, check the terms and conditions, then tap Confirm Investment.

 

  1. The first purchase is processed immediately, and your AutoBuy is now active.

Things to note:

  • Make sure your balance is sufficient for the first Market Buy.
  • The first purchase is processed using a Market Order, so the price follows market conditions when the transaction is executed.
  • The AutoBuy Plan is created only if the first purchase is successful and the plan creation process also succeeds.
Monitoring & Stopping AutoBuy

Viewing your AutoBuy 

  1. Open the AutoBuy menu from the Home page.

 

  1.  On the AutoBuy page: 
    • The Active AutoBuy tab displays all plans that are currently running.
    • The AutoBuy History tab displays plans that have been stopped.

Tap a plan to view its details, such as total investment, average purchase price, performance, schedule, and purchase history.

Stopping AutoBuy 

  1. On the details page of the plan you want to stop, tap Stop AutoBuy

Note: 
The plan will stop and there will be no further purchases. You can still view its history in the AutoBuy History tab.

AutoBuy cannot currently be edited or paused. If you want to change the amount or schedule, stop the old plan and create a new one.

 

FAQ
What is AutoBuy? AutoBuy is a feature for automatically purchasing crypto assets at a fixed amount according to the schedule you select.
Who can use AutoBuy? All FLOQ users who have completed verification (KYC).
Is there a fee for using AutoBuy? There is no additional fee for creating an AutoBuy. However, each purchase is still subject to applicable transaction fees and taxes, just like a regular purchase.
How many AutoBuys can I create? A maximum of 30 plans. If you have reached the limit, stop any plans you no longer need before creating a new one.
What schedules are available? Daily, Weekly, Biweekly, and Monthly (the 1st–28th). The Monthly schedule is only available if you create an AutoBuy from the AutoBuy menu.
Is the purchase price guaranteed? No. AutoBuy purchases at the market price when the purchase is made, so the price may vary for each scheduled purchase.
What is the difference between creating an AutoBuy from the AutoBuy menu and from the Trade page? From the AutoBuy menu, you only create a schedule, and the first purchase is made on the next scheduled date. From the Trade page, you purchase immediately while also creating a recurring schedule.
Does my balance need to be sufficient when creating an AutoBuy? If it is created from the AutoBuy menu, your balance does not need to be sufficient yet, as long as it is sufficient when the purchase is scheduled. If it is created from the Trade page, your balance must be sufficient because the first purchase is made immediately.
What happens if my balance is insufficient when a purchase is scheduled? The purchase for that schedule will fail and will not be retried. Your AutoBuy will remain active and try again on the next scheduled date.
Why did my AutoBuy purchase fail? 

Some possible reasons:

  • Insufficient balance.
  • The asset is under maintenance.
  • The balance became insufficient after the final calculation or rounding.
Can AutoBuy stop automatically? Yes. AutoBuy will stop automatically if a purchase fails 3 times in a row. If one purchase succeeds, the count will start over.
What if the first purchase from the Trade page fails? AutoBuy will not be created.
What if the purchase succeeds but the AutoBuy fails to be created? Your purchase will still succeed; only the AutoBuy will not be created. The app will notify you, for example, if you already have 30 plans.
What is Total Investment for Active AutoBuy? The total amount you have successfully invested through AutoBuys that are still active. This figure is not the current value of your assets and does not include manual purchases.
Why is my Total Investment $0 even though I have an active AutoBuy? Because that AutoBuy has not completed a successful purchase yet. The total will increase after a purchase succeeds.
Why did my Total Investment decrease after I stopped an AutoBuy? Because this total only counts AutoBuys that are still active. Investments from stopped plans remain in the history but are no longer included in the total.
How is AutoBuy performance calculated? Performance is calculated per plan by comparing the plan's average purchase price with the current market price. Manual purchases and other plans are not included.
If I sell or withdraw an asset, will its performance change? No. Performance continues to be calculated from all purchases made through that plan.
Can I share my AutoBuy performance? Yes, using the share button on the AutoBuy details page (if available).
Can AutoBuy be edited or paused? Not yet. If you want to change the settings, stop the old plan and create a new one.
What happens after I stop an AutoBuy? There will be no further purchases. Its details and purchase history can still be viewed in the AutoBuy History tab.
Where can I view my AutoBuy purchase history? On the AutoBuy details page, under the History tab. Successful purchases are also recorded in the app's transaction history.