How to Set Up a Recurring Buy
AmberApp makes it simple to automate your bitcoin purchases with two easy options for creating a recurring buy. Depending on your preferred amount and funding method, you can choose the option that works best for you.
Why create a recurring purchase? Setting up a recurring bitcoin purchase allows you to take advantage of a strategy known as Dollar-Cost Averaging (DCA). This approach helps you smooth out market volatility by purchasing bitcoin at regular intervals, regardless of price fluctuations. By spreading your investments over time, you can reduce the impact of short-term price movements. Want to learn more? Check out our DCA calculator to see how this strategy can work for you.
Option 1: Create a Recurring Purchase Using Your Fiat Wallet
On your dashboard, tap recurring buy.
Choose AUD balance as your funding account.
Set the amount you want to purchase, the frequency (e.g., daily, weekly, fortnightly or monthly) and your desired start date.
Tap next to review your recurring plan then swipe to confirm.
With this option, AmberApp will automatically deduct the specified amount from your Fiat Wallet balance at the scheduled intervals, making it a hassle-free way to accumulate bitcoin over time.
Option 2: Create a Recurring Purchase via Bank Transfer
On your dashboard, tap recurring buy.
Choose your payment method: PayID or EFT.
Copy your unique deposit details, provided by AmberApp.
Using your bank, create a scheduled payment to the deposit details you copied from AmberApp.
With this method, your bank will transfer funds to AmberApp on the schedule you set. Once the funds settle, the purchase will be completed automatically, and the bitcoin will be credited to your Bitcoin Wallet.