Exciting News for Canadians: Buy Bitcoin Instantly with KOHO & NEO e-Transfer, DCA bitcoin with NEO
Great news for Canadians! KOHO and NEO customers can use their bank accounts to buy bitcoin with e-Transfer! Additionally, NEO customers can use bill payment to DCA đ
To buy bitcoin instantly, simply send an e-Transfer to the payee details in the Buy bitcoin page. Bitcoin Well automatically converts dollars to bitcoin and sends them directly to your personal bitcoin wallet. Additionally, NEO customers can set up a DCA by adding the payee info in the Recurring buy page as a scheduled bill payment in the NEO app.Â
KOHO and NEO customers can buy bitcoin directly to self custody and start the journey to independence đ
Below are step by step guides on how to buy bitcoin via e-Transfer, as well as bill payment for recurring buys (DCA).Â
Instant bitcoin buy: Step-by-Step GuideÂ
Step 1: Navigate to the Buy bitcoin page
Log in to Bitcoin Well and click Buy bitcoin. Click âMy bitcoin walletâ and add your bitcoin wallet, if you havenât already. We recommend Blue Wallet.Â
Step 2: Add your e-Transfer payee details to your bank
Click on Interac e-Transfer to reveal your unique payment details, and add your e-Transfer details to your KOHO or NEO bank.Â
To add Bitcoin Well as an e-Transfer payee in KOHO, click on âSendâ and then âAdd newâ to add a new e-Transfer recipient. Enter your e-Transfer details from the previous step.Â
To add your Bitcoin Well e-Transfer details for NEO, navigate to âPaymentsâ then click âSend.â Then select âAdd a contactâ and enter your e-Transfer details info from the Buy bitcoin page in your Bitcoin Well account.Â
Step 3: Send Your e-Transfer
Enter a dollar amount, select your Bitcoin Well e-Transfer payee and send your e-Transfer. Once received, Bitcoin Well instantly converts your dollars to bitcoin and sends the BTC to your personal bitcoin wallet.
If youâre a NEO customer and youâd like to automatically buy bitcoin on fixed intervals (biweekly, monthly etc.) then keep reading for our bill payment guide đ
Recurring bitcoin buy: Step-by-Step GuideÂ
Step 1: Navigate to the Recurring buy page
Log in to Bitcoin Well and click Recurring buy. Click âMy bitcoin walletâ and add your bitcoin wallet, if you havenât already. We recommend Blue Wallet.Â
Step 2: Add your bill payee details to your bank
Add your payee details displayed in your Recurring buy page to NEO banking app.
The process for adding our payment partner APAYLO FINANCE TECHNOLOGY as a bill is the same as adding any bill. In NEO, navigate to âPaymentsâ and select âPay billâ. Next tap âSelect a payeeâ then âAdd payeeâ and then enter the Apaylo payee information displayed within your Recurring buy page.Â
Start a bill payment to your newly added Apaylo payee. Enter an amount and a payment frequency. Each time Bitcoin Well receives your bill payment, we automatically convert your dollars into bitcoin and send the bitcoin to your personal bitcoin wallet.Â
Step 3: Set your payment size and frequencyÂ
Start a bill payment to the Apaylo payee, select the payment amount and the payment frequency. We suggest a biweekly or monthly recurring payment. Aim to keep this running for a long time to take advantage of bitcoinâs long term growth. The dollars you send are automatically converted to bitcoin and sent to your personal bitcoin wallet. You are now buying bitcoin on auto-pilot!
Customers using recurring buys set weekly or more frequently ought to leverage the Lightning Network to save on future blockchain fees!
Step 4: Relax and watch your bitcoin wallet fill up
Bitcoin Well automatically covers your blockchain fee, saving you sats (fractions of a bitcoin) and work. With automatic bitcoin purchases, you donât have to lift a finger while accumulating the most precious asset known to man that simultaneously opens you up to the path to self-sovereignty and independence.Â
Why Use Bitcoin Well?
Bitcoin Well empowers Canadians to live on a Bitcoin standard by providing seamless tools to buy, sell, and spend bitcoin. With Lightning Network integration, we make transactions faster and more convenient than ever, enabling you to:
Swap between to/from the Lightning Networkfor freeÂ
Buy and sell bitcoin instantly via the Lightning Network
Earn sats through with the Bitcoin (Wishing) WellÂ
Refer friends and earn bitcoin whenever they use Bitcoin WellÂ
Invest in Bitcoin Well
We are publicly traded (and love it when our customers become shareholders!) and hold ourselves to a high standard of enabling life on a Bitcoin standard. If you want to learn more about Bitcoin Well, please visit our website!
Konrad has been a Bitcoin Analyst since 2018 leveraging an economics background to deliver unique insights on Bitcoin, product, bitcoin mining, and macro-economics.