How to set up a recurring Bitcoin purchase with EFT

1 min read by Ryan

published 1 year ago

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BTC purchased via EFT can be withdrawn to an external wallet instantly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

Tap ‘Buy’ on the dashboard, and select ‘Electronic Funds Transfer’
Ensure you have selected the ‘Buy Bitcoin’ option
In your preferred bank account, input the Account Name, BSB Number, and Account Number
Set up a recurring payment using the supplied details, and ensure you have included your unique transaction description
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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