How is the Bitcoin buy rate set for StackinSat customers?
The exchange rate is established at the time of conversion of your payment, it is indicated on the summary email sent after the publication of the delivery transaction.
With the Bitcoin Savings Plan you don't know the price in advance: that's the whole concept.
You define an amount and a frequency.
You indicate a receiving address and you set up the recurring transfer.
And that's it, your bitcoin savings are on autopilot.
We buy bitcoins during the day, where we receive the money from our customers between 8 a.m. and 9 p.m. on exchanges (Kraken, Bitstamp) or via OTC platforms (Woorton).
Euros are converted into satoshis after verification of your payment.
The satoshis are then added to the daily bulk delivery transaction that is posted to the Bitcoin network after 8 p.m. in the evening.
They then arrive on your Bitcoin wallet once this transaction has been validated by a miner.
With the Bitcoin Savings Plan you don't know the price in advance: that's the whole concept.
You define an amount and a frequency.
You indicate a receiving address and you set up the recurring transfer.
And that's it, your bitcoin savings are on autopilot.
We buy bitcoins during the day, where we receive the money from our customers between 8 a.m. and 9 p.m. on exchanges (Kraken, Bitstamp) or via OTC platforms (Woorton).
Euros are converted into satoshis after verification of your payment.
The satoshis are then added to the daily bulk delivery transaction that is posted to the Bitcoin network after 8 p.m. in the evening.
They then arrive on your Bitcoin wallet once this transaction has been validated by a miner.
Updated on: 12/06/2023
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