Our Recurring Buy service allows users to fund their account with regular GBP bank transfers that will be used to automatically buy bitcoin once received.
To set up a Recurring Buy you just need to create a standing order to the bank details shown in your account, with your auto buy reference attached, and funds received will be automatically credited to your account and used to buy Bitcoin at whatever frequency you opted for when setting up your standing order.
To find the bank details and the required reference for a Recurring Buy you will need to click 'Receive' while viewing your GBP Account or in the sidebar of your account and go into the Auto Buy tab.
Arrange the transfer of the funds from your bank to the details given on the website (if you have an eMoney account the beneficiary will be your own name), and ensure your reference states the reference number provided in your account which will begin with 'DCA'. Any intended Recurring Buys that arrive without this reference will be credited to your account but won't be used to auto buy.
We can only credit bank deposits to personal accounts if the funds arrive from a personal bank account in your name. Please don't try and auto buy from a third party or business bank account if you hold a personal CoinCorner account.
Auto Buying Bitcoin
You can auto buy Bitcoin on your account without setting up a Recurring Buy. You just need to follow the steps above and ensure any bank deposits that are intended to auto buy state your auto buy reference, but if buying as and when then it isn't necessary to set up a standing order.
Fees and limits
There is no deposit fee when Auto Buying, but you will be subject to our standard 1% buy fee. The maximum deposit amount that can be used to Auto Buy is £12,000.
Have any questions? Get in touch!