How does a Recurring Buy work?

With your Recurring Buy, Beaver Bitcoin converts dollars from your bank account into bitcoin in your bitcoin wallet, automatically, every week. All you have to do is link your bank account and set a weekly buy amount. 

After that, we automatically withdraw CAD $ from your bank account, convert it to bitcoin, and deliver it to you on a regular weekly basis.

Once you sign up and complete the Recurring Buy onboarding, we will send a transfer request to your bank. The funds should be withdrawn from your account within 24 hours and you should receive your first bitcoin delivery to your wallet address within 7 days. After that, you'll receive a bitcoin delivery to your wallet once a week, or every 7 days.

Note, your bank transfers to Beaver Bitcoin should appear in your online banking transaction history as BEAVER BITCOIN. See the example below, for a $100 weekly buy.

Once we receive CAD $ from your bank, we hold onto it for five days as a fraud prevention measure and to lower the risk of the funds returning NSF (insufficient funds). After the hold, we convert the CAD into bitcoin and immediately deliver the bitcoin to your personal bitcoin wallet address.

After signing up and creating a buy, you'll receive your first bitcoin within seven business days, and then every seven days after that.

In your Recurring Buy dashboard, you'll find two feeds. One to track the status of your current transfer (Transfers), and another to view your completed buys (Purchases). We also show the total amount of bitcoin you have purchased through Beaver. Note, this amount is just your total saved through Beaver, and is not connected to your bitcoin wallet address.

Additionally, you can expect to receive an email notification for every EFT transfer/withdrawal from your bank account. This email comes from our payments processor, Apaylo, and looks like this:

Lastly, you'll receive an email from us once we have delivered your bitcoin, letting you know your stack was a success.

To get started, sign up here.