Auto Wallet Transfer allows you to set a Bitcoin balance limit that automatically triggers a withdrawal to your external wallet. For example, you could add your Bitbox Hardware wallet and set it to withdraw your bitcoin if your balance reaches ~€100.00.
*Images are for illustrative purposes only and not a recommendation
How to schedule an Auto Wallet Transfer:
Tap on “Auto Wallet Transfer Card” on the Homescreen
Select a limit and tap “Add Wallet”
Select a wallet or add a new one
Tap “Confirm” to schedule your automatic withdrawal
Common use cases for Auto Wallet Transfer
You want to hold your own Bitcoin
You want to save on Bitcoin transaction fees
You want to reduce the number of UTXOs
How to cancel an Auto Wallet Transfer:
Navigate to the Homescreen
Scroll down to the “Auto Wallet Transfer Card”
Tap on the card
Press the “Deactivate” button
Confirm the cancellation
Bitcoin Transfers are final and cannot be unsent. Please always double-check the Wallet Address if you send Bitcoin to an external wallet.
The automatic wallet transfer will be triggered when your balance reaches your set limit plus 1,000 sats (Bitcoin network fee). For example, if you have set your limit to 2,100,000 sats, an automatic withdrawal will be triggered when your balance reaches 2,101,000 sats.