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Savings plan explanation

This is how a savings plan works at 21bitcoin

Updated over 2 weeks ago

To create a savings plan or enable Auto-Wallet Transfer for automatic Bitcoin investments, proceed as follows:

  1. Tap on the ₿ symbol at the bottom of the navigation bar to access the Savings Plan menu.

  2. Tap on “Savings Plan” and then tap “Add Savings Plan.”

  3. Tap on “Standing Order” and note the reference code provided (e.g., starts with 'SP'). This reference code is essential for correctly configuring the standing order in your banking app.

You will now see all the relevant information you need to create your savings plan.

Switch to your banking app and carefully input the standing order details, including the reference code (e.g., 'SP...' followed by your unique identifier). Ensure you correctly configure the time, interval, and amount and sign the order to proceed.

Return to the 21bitcoin app and tap on “I will transfer from my bank account” to finalize the setup of your savings plan.

Congratulations 🎉, you are now investing regularly in Bitcoin.

Verifying Auto-Wallet Transfer and Savings Plan Activity

Once your savings plan is set up, you can verify Auto-Wallet Transfer activation:

  1. Open the Auto-Wallet Transfer Menu:

    • Tap on the large ₿ symbol in the bottom navigation bar.

    • Select 'Auto Wallet Transfer' from the menu.

  2. Check for Automated Deposits:

    • Confirm that deposits using the provided reference code are automatically converted to Bitcoin upon receipt.

  3. Optional: Make Manual Bitcoin Purchases:

    • Use your 21bitcoin account balance to manually purchase Bitcoin if needed.

Troubleshooting Tips

  • Ensure you use the correct reference code when setting up the standing order in your banking app.

  • Double-check your bank account transactions to confirm the standing order is executed successfully.

  • For delays or issues, reach out to the 21bitcoin support team for assistance.

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