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The Swiss startup Pocket allows you to make recurring Bitcoin purchases via bank transfer in the easiest way possible. The best part: you don't need to create an account, and the bitcoin are transferred directly to your own wallet. Pocket is available for customers from all over Europe.
This whole process is particularly straightforward with the BitBox02 hardware wallet, because Pocket offers full integration; setting up a Bitcoin savings plan is dead easy. In this tutorial, we will run through how this works in detail.
How to use your BitBox02 with Pocket
Visit the Pocket website and click on "Set up now". Next, select whether you already have a wallet or want to order one. In this article, we will assume that you have a BitBox02, and that it is already set up. Therefore select "On your existing wallet" when asked "Where do you want to store Bitcoin?".
Next, select your wallet, in our case the BitBox02.
To buy Bitcoin without a user account and additional identification, your BitBox02 sends a receive address to Pocket. In addition, it also signs a message with the private key of this address (which of course remains secret) and thus proves that the receive address belongs to your wallet.
For this, the Pocket website communicates directly with BitBox02. You need the latest BitBoxApp (4.29.0 or newer). Then click on "Next".
On the next page, click the "Register new address" button, which will open the BitBoxApp. Alternatively, you can scan the QR code with any QR code scanner app and then access the link.
Connect the BitBox02 to your computer. Unlock it with your device password (and enter your passphrase if enabled). Once the BitBox02 is unlocked, you will see that Pocket has requested an address. Click on "Next". Don't worry, your private keys never leave the BitBox02, not even here.
Thereupon a message is displayed, which confirms that you are in possession of the displayed address. Sign this message on your BitBox02.
After you have signed the message, it will be sent back to Pocket and you will see a confirmation in the BitBoxApp.
You can now return to Pocket Bitcoin in your browser. Confirm the address there to continue.
Lastly, Pocket Bitcoin will ask you for an email address for status updates and the IBAN of your bank account from which you will send the money.
Once you're done, Pocket will show you an overview of the order:
From now on, you can make a single or recurring transfer to the displayed bank account at any time. Always enter your unique payment reference to ensure that Pocket can assign the transfer to your wallet.
Each payment Pocket receives will be converted into Bitcoin, minus a 1.5% fee, and is then sent directly to your BitBox02 wallet.
Congratulations, continue to have fun "stacking" Bitcoin! :)
Don’t own a BitBox yet?
Keeping your crypto secure doesn't have to be hard. The BitBox02 hardware wallet stores the private keys for your cryptocurrencies offline. So you can manage your coins safely.
The BitBox02 also comes in Bitcoin-only version, featuring a radically focused firmware: less code means less attack surface, which further improves your security when only storing Bitcoin.
Shift Crypto is a privately held company based in Zurich, Switzerland. Our international team of specialists across engineering, cryptosecurity and Bitcoin core development build the BitBox products and provide consulting services. The BitBox02, a second generation hardware wallet, equips individuals to easily store, protect, and transact cryptocurrencies. Its companion, the BitBoxApp, provides an all-in-one solution to securely manage your digital assets with ease.