Yes! They may feel like magic, but recurring deposits that auto-convert to bitcoin are very real. 🧙
The key is to set up your payment routes from fiat to bitcoin. Here's the outline of how to do that. You can follow the links to the articles below for more details. 👇
First, you need to configure your payment routes for deposits. This will convert any Euro / GBP deposits directly into bitcoin.
From the Home Screen, tap the cog icon in the bottom right corner to open the settings page.
Next, tap the ‘Payment Routes’ button and select your fiat account.
You can enable payment routing to automatically convert all incoming GBP payments to your BTC account (or vice versa). To do this simply:
Toggle the button to the right.
Use the dropdown to select the BTC account from the list.
Toggle the 'activate for deposits' button to the right.
Any incoming GBP deposits will now be automatically converted into bitcoin. You will find them in your bitcoin balance. 🚀
Now we just need to make a deposit. You can either make a single or recurring manual deposit (standing order) or a one-off deposit via open banking deposit (UK only).
Manual deposits
This article will walk you through how to find your Bottlepay account number and sort code. Here are the basic steps:
From the Home Screen, tap the cog icon in the bottom right corner to open the settings page.
Tap 'Fund'.
Under 'My balances' select your currency, e.g. British Pound.
Tap 'Manual bank transfer'.
Alternatively, you find the same information by:
Tapping your photo or username in the top left corner of the Home Screen.
Under 'My balances' select your currency, e.g. British Pound.
Tap 'Manual bank transfer'.
Copy the information you find here and use it in your bank's app or website to set up a recurring deposit (standing order).
Please note that the bank account you use to find your Bottlepay account must be in your own name.
Open Banking deposit
Using the open banking deposit flow for one-off deposits is even quicker; just follow the steps in the article here.
If you set up automatic payment routing (the first step above), as soon as your deposit lands in your Bottlepay account, it will automatically convert to your BTC account without you having to trade. 🎯