(Automated) Recurring Transfers

Summary:
Learn how to set up a recurring transfer from your bank account to your Bitvavo account. This ensures your Euro balance is automatically topped up for future trades or Recurring Buys.

What is a recurring deposit?

A recurring deposit allows you to automatically transfer funds from your bank account to your Bitvavo account on a regular schedule. This helps ensure you always have enough balance to trade or to fund automated purchases through Recurring Buys.

How to set up a recurring deposit

The process for setting up a recurring transfer may vary depending on your bank. Follow the steps below as a general guide:

1. Open your banking app on your mobile device or desktop browser.
2. Select the option to create a new “Transfer”.
3. In your Bitvavo account, find the deposit details. You can do this when you start a deposit and select “Bank transfer (SEPA)” as your payment method.
   Once you reach the “Bank transfer” screen, you’ll see the following details:

   

4. Enter the following information in your bank’s transfer setup:
   • The amount you wish to transfer on a recurring basis.
   • Set the frequency (for example, weekly or monthly).
   • Enter Bitvavo’s “Account name” as the recipient name.
   • Enter Bitvavo’s “Bank account” (IBAN) in the account number field.
   • Include the Payment reference exactly as shown in your Bitvavo account. It consists of 10 letters and numbers. Depending on your bank, this field may have a different name. Transfers without the correct payment reference will not be credited to your Bitvavo account and will be refunded automatically within 5 business days.

Need help from your bank?

Because each bank’s process may vary, you can also check your bank’s help center for specific instructions. Here are direct links for: ING, ABN AMRO, and Rabobank.

Recurring Buys (optional automation)

Bitvavo also offers a Recurring Buy feature that automatically purchases cryptocurrencies using your Euro balance. This feature allows you to invest gradually through a cost-averaging strategy (often called Dollar-Cost Averaging (DCA)).

To learn how to set up a Recurring Buy, see: How can I set up a Recurring Buy?

Combining recurring deposits with Recurring Buys helps you maintain a consistent investment strategy without having to monitor the market constantly.

FAQ