Everything You Need to Know Before Starting

If you want to invest in Bitcoin without stressing over daily price swings, a Bitcoin Savings Plan (sometimes written as Bitcoin Saving Plan) might be the smartest entry point. Instead of chasing market timing, you commit a fixed amount at regular intervals—weekly, monthly, or even daily—and let the plan do the work for you. Here’s how it works, why it makes sense, and what to watch out for.

What Is a Bitcoin Savings Plan?

A Bitcoin savings plan is a recurring, automated investment into Bitcoin. You pick two variables: how much money you want to invest and how often. Once set, the exchange buys Bitcoin for you on schedule. This approach is similar to traditional stock market strategies like dollar-cost averaging, where you spread purchases over time to reduce the impact of volatility.

How Does a Bitcoin Saving Plan Work?

It’s simple. You log in to a crypto platform, choose your savings rate (say 50 or 100 euros per month), and decide the frequency (monthly, weekly, etc.). Add your payment method—either SEPA direct debit or a standing order—and the platform handles the rest. The biggest advantage is that you don’t need to sit in front of price charts guessing when to buy.

Benefits of a Bitcoin Savings Plan

• Average cost effect: You avoid buying everything at a single high point. Instead, you accumulate Bitcoin at an average price over time.
• Long-term growth: Bitcoin is the most established cryptocurrency, making it the safest starting point for crypto investors.
• Less stress: No constant market monitoring, no emotional buying or selling.
• Easy setup: Anyone can start with as little as 20 or 50 euros a month.

Disadvantages of a Bitcoin Saving Plan

The main drawback is that you give up active market timing. Traders might catch short-term price dips and sell highs for quick profits. But let’s be honest—most beginners lose money trying to time the market. A savings plan trades short-term potential for long-term consistency.

Fees in a Bitcoin Savings Plan

Fees differ depending on the platform. For example, Bitvavo offers transaction fees starting at 0.10%, making it one of the cheapest options. Others, like Bitpanda or Coinbase, tend to be more expensive. Over time, fees add up, so choosing the right provider is crucial.

Where Can You Open a Bitcoin Savings Plan?

Popular exchanges offering savings plans include:

• Bitvavo – Low fees, user-friendly, but no SEPA direct debit option.
• Coinbase – One of the largest global exchanges, very beginner-friendly.
• Bitpanda – Offers SEPA direct debit, intuitive interface, but costs more.

Our test winner: Bitvavo. For beginners, its low fees and simple setup outweigh the lack of direct debit.

Step-by-Step: Creating a Bitcoin Saving Plan

• Select a platform – Choose one that offers savings plans (Bitvavo, Bison, or Bitpanda).
• Set your savings rate – Start small, even €20–50 monthly, to learn the process.
• Choose frequency – Monthly is easiest, but weekly smooths volatility better.
• Pick payment method – Direct debit for automation, or standing order for manual transfers.
• Confirm and activate – Enter details, check them, and let the plan run automatically.

Trading vs. Bitcoin Saving Plan

Active trading can be tempting, but it requires time, experience, and discipline. A Bitcoin saving plan is the opposite—steady, emotion-free, and hands-off. Traders may win big or lose big, while savers steadily build wealth over years.

Three Tips Before You Start

• Watch the fees – Even 1% more in costs eats into long-term profits.
• Secure your BTC – Consider moving coins from exchanges to a private wallet for better safety.
• Think long term – Commit only money you won’t need tomorrow. Bitcoin is volatile, but time in the market beats timing the market.

Final Thoughts

A Bitcoin Savings Plan is one of the most practical ways to build exposure to Bitcoin. It lowers the pressure of market timing, smooths volatility, and helps beginners learn by doing. Start small, choose the right platform, and think long term. With patience and discipline, a Bitcoin saving plan can turn modest amounts into meaningful wealth over time.