How to set up a recurring Bitcoin purchase with EFT

1 min read by Ryan
published 1 year ago

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Recurring purchases are the easy way to Dollar Cost Average (DCA) into Bitcoin. EFT is a free, and reliable method of setting up a recurring Bitcoin purchase.

Is this payment method right for you?

No transaction fees.

Advantages

  • No transaction fees mean you can get the most out of your dollar
  • BTC will be purchased as soon as the funds land in our account
  • BTC purchased via EFT can be withdrawn to an external wallet instantly

Considerations

  • Transactions are processed by banks, so will be subject to bank processing times, typically 2-5 business days
  • You must include your unique transaction description, otherwise, the transaction will not be allocated

Recurring purchase setup instructions

  1. Tap ‘Buy’ on the dashboard, and select ‘Electronic Funds Transfer’
  2. Ensure you have selected the ‘Buy Bitcoin’ option
  3. In your preferred bank account, input the Account Name, BSB Number, and Account Number
  4. Set up a recurring payment using the supplied details, and ensure you have included your unique transaction description
  5. Once the payment reaches our account, Bitcoin will immediately be purchased and allocated to your account*

Check out our other payment methods for dollar-cost averaging

PayID

Debit/Credit Card

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Disclaimer: Amber is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how information on our website, in emails we send or in our app, relates to your unique circumstances. Amber is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of our website, our emails or our app.

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