Hardblock Automations

We offer 6 different types of automations with your Hardblock account:

1. Auto-Buy
2. Recurring-Buy
3. Auto-Send
4. Auto-Sell
5. Recurring-Sell
6. Auto-Withdraw

Read on for a brief overview of each.

Auto-Buy

Toggling this on means that anytime Australian Dollars arrive in your Hardblock account, they will be automatically swapped into Bitcoin. This means that once toggled on you can simply send funds to your bank deposit details unique to your account from your banking app or internet banking login to buy bitcoin without having to also login to your Hardblock account. You can even set up a recurring transfer from your bank account to set up a regular purchase.

Recurring-Buy

This setting lets you choose an amount of bitcoin to buy at a regularly scheduled interval, using the Australian Dollar balance in your account. This is handy if making transfers from your bank is more difficult, for example because your bank wants to contact you each time you send to your Hardblock account as they are bitcoin-skeptics, so you might send a larger amount and then set up a Recurring-Buy to slowly convert those dollars into bitcoin.

A recurring-buy will continue as long as there are dollars available in your account to execute the scheduled buys.

Auto-Send

This setting lets you specify a threshold of bitcoin, that when your Hardblock account reaches it, it will send that bitcoin to an address (or series of addresses) in our next weekly batched send (which typically goes out every Sunday at 1am). When coupled with Auto-Buy, you can fully automate the process of depositing dollars, buying bitcoin and withdrawing it to your self-custodial wallet.

You can queue up a series of addresses in order to avoid re-using the same address for every send.

Auto-Sell

This setting is the reverse of Auto-Buy. When toggled on, any bitcoin that is deposited into your Hardblock account will automatically be sold into Australian Dollars.

Recurring-Sell

Similarly, this setting lets you choose an amount of bitcoin to sell at a regular interval, and will continue executing as long as there is a bitcoin balance in your account.

Auto-Withdraw

This setting causes your account to automatically send Australian Dollars to a specified bank account whenever you sell bitcoin into dollars. If you couple this setting with Auto-Sell, you are able to fully automate the process of depositing bitcoin, selling it for Australian Dollars, and withdrawing those dollars to your bank account, without having to login each time.

Check out our other support articles if you need help on setting up these automations, and if you're stuck, reach out to support!