How to set up recurring deposits?
Do you know you can set up recurring deposits with Cointree?
How recurring deposit works
Once a recurring transfer has been set up, each time the funds clear into your Cointree account, they will automatically purchase Bitcoin at the current market rate so you don't even need to log in to buy Bitcoin!
Once you are logged into Cointree, click on the 'Wallet' tab and select the 'Deposit Cash' page.
Select the 'Recurring' deposit option and enter the amount you would like to deposit. For example, the customer below wants to deposit a total of $50 AUD.
Enter the amount you wish to deposit on a recurring basis and then click confirm:
Review your deposit summary to ensure that you are depositing the right amount.
The deposit summary lists the amount you’re depositing - your ‘Deposit amount’, ‘Payment processor fee’, and the amount that will get credited to your Cointree account.
You can then tick the “I accept the Cointree terms of service & refund policy” box and ‘Confirm’ to proceed with the deposit order.
You will then be directed to a page with our bank details and the reference number to use (always make sure to include the reference number in the description of the deposit).
Use these bank details to set up a recurring deposit/transfer in your own internet banking. The recurring deposit is set up in your own bank account so you can always have full control over it. Every time the funds come through to us, they will credit to your Cointree account and buy Bitcoin automatically.
*Please note that Recurring Deposits will not deduct any money from your linked bank account. Therefore, you will need to make the payments for it in order for the Recurring Deposit to go through successfully.
What should I do if my recurring deposit does not work?
You can contact our support team here.