Understanding SIP in Bitcoin: Does the Next Payment Deduct Automatically?

If I have made a SIP investment in Bitcoin, does the next installment get deducted automatically or do I need to deposit it manually? When you set up a systematic investment plan (SIP) in cryptocurrencies like Bitcoin, the process depends on the platform or service managing your investments. Typically, if it's an automatic SIP, the next installment should be deducted or purchased automatically on the scheduled date, provided you have sufficient funds in your linked account. You usually need to authorize the platform to debit your bank account or wallet for recurring investments. However, if your platform requires manual intervention, you'll need to initiate the next purchase yourself. It’s essential to check the specific terms and setup instructions of the platform where you bought Bitcoin to ensure your SIP continues smoothly without manual input. This will help you avoid missing out on scheduled investments and maintain a consistent investment strategy in Bitcoin and other cryptocurrencies.