Australian Bitcoin Exchange CoinTree Introduces Regular Purchases Feature
Serving Australia's ever growing bitcoin community since 2014, CoinTree (https://www.cointree.com.au) this week announced their latest feature, an option for users to set up a recurring bitcoin purchase plan.
CoinTree users can now automatically purchase bitcoin from their standard bank account at regular intervals, currently capped at AUD $200 per order, with at least five days between purchases.
Already accepting cash deposits, BPAY and the Australian online payment system POLi for instant bitcoin purchases, CoinTree continues its focus on making the entry for new users to bitcoin as straightforward as possible.
As the first Australian exchange to offer this feature, the goal for this new level of automation is to allow Australians to gradually accrue bitcoin over time, with a simple way to slowly diversify their investments into bitcoin and remove the hassle of frequent trips to the bank or reminders to transfer funds.
"Regular purchases are a great way to invest in bitcoin without getting caught up in the market swings and drama. During the recent price spike and following crash we saw our beta users remain unfazed. Almost everyone continued their weekly and monthly purchases, increasing their holdings at a steady and comfortable rate."
CoinTree founder Shane Stevenson
Bitcoin has gone through some testing times within Australia over the last 12 months surrounding regulatory and taxation issues, as well as a string of bank closures from the countries four major banks. But as one of the global leaders in FinTech and hubs of innovation, 2016 still shows great potential as a thriving bitcoin marketplace. Despite increased investment from behind the scenes, easy to use services such as CoinTree and its new regular purchase feature are critical to Australian bitcoin adoption.
CoinTree: https://www.cointree.com.au/
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Australian Bitcoin exchange CoinTree announces a new option that will allow users to make recurring Bitcoin purchases from their standard bank account. This new feature will be available starting Tuesday, 26th of January 2016. To ensure the security of each user's accounts the new feature of automatic purchases will be available with at least a five days interval between regular purchases and capped at AUD $200 per order. “The limits are to deter internet banking fraud, which continues to rise in Australia. Regular purchases are designed to help people accrue bitcoin gradually over time,....
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