Auto-Buy can be enabled on the VALR App and on the Website. What is Auto-Buy on VALR?
Here's how to enable Auto-Buy:
VALR Website
- Sign in to your VALR account
- On your Wallets page, click on the drop-down option on the top right side and then select Auto-Buy crypto
- Follow the prompts then confirm "I'm ready"
- Select which crypto you'd like to Auto-Buy
- Then, use your unique reference number given to make your deposit
VALR Application
- Sign in to your VALR account
- On your home page click on Auto-Buy
- Follow the prompts then confirm "I'm ready"
- Select which crypto you'd like to Auto-Buy
- Then, use your unique reference number given to make your deposit
A few things to keep in mind:
- Auto-Buy deposits send a simple trade instruction to buy crypto when that ZAR deposit is credited to your VALR account;
- Auto-Buy transactions cannot be reversed;
- Simple trades are analogous to market orders, so Auto-Buy deposits are limited to R10,000 per individual deposit in order to protect against slippage;
- If you make a deposit of more than R10,000, auto-buy will fail, the full ZAR value of that deposit will be credited to your VALR account and we'll send you an email notification to let you know your deposit exceeded the Auto-Buy limit;
- Only deposit from a bank account in your own name;
- Please don't make multiple Auto-Buy deposits of the same value on the same day, your second deposit will be delayed in these cases;
- VALR reserves the right to request proof of payment in any instance where a deposit is made, this may delay Auto-Buy in these instances.