How to set up a recurring Bitcoin purchase with EFT

1 min read by Ryan

published 2 years ago

Recurring purchases are the easy way to Dollar Cost Average (DCA) into Bitcoin. EFT is free for transactions over $100, and a reliable method of setting up a recurring Bitcoin purchase.

Is this payment method right for you?

$0 Transaction fees over $100

$1.10 fee for transactions under $100

Advantages

No transaction fees over $100 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BTC purchased via EFT can be withdrawn to an external wallet instantly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 instant if your bank has NPP support. Typically take 2-5 business days without NPP support.
You must include your unique transaction description, otherwise, the transaction will not be allocated

Recurring purchase setup instructions

Tap ‘Buy’ on the dashboard, ‘once’, and select ‘Electronic Funds Transfer’
Ensure you have selected the ‘Buy Bitcoin’ option
In your preferred bank account, input the account name and your unique BSB Number, and Account Number
Set up a recurring payment using the supplied details
Once the payment reaches our account, Bitcoin will immediately be purchased and allocated to your account*

Start buying Bitcoin

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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.