Hey everyone,

Sorry for the silence these past few months. We mentioned in March that we were going to use the lock down as an opportunity to make some major updates to improve the service. Lockdown is lasting much longer than expected. But we are excited to say that as parts of the world slowly start to reopen for business, we have now returned, stronger and better than ever.

We are pleased to have launched an automatic Dollar Cost Averaging feature as part of an update focused on a complete interface redesign. This new feature is part of a bigger business drive to improve the functionality of its service and ultimately make Bitcoin access simpler, flexible and more personal for our users.

From today, registered FastBitcoins users can automatically buy bitcoins at a frequency that suits them. The only thing you will need to do is ensure that your FastBitcoins account remains topped up with a sufficient cash balance. When a purchase is made, you will receive an email from FastBitcoins confirming the purchase and requesting a delivery address or lightning invoice for their bitcoins to be delivered straight away.

Other new customer features include:

  • Direct deposits: users can now ask merchants to deposit cash directly into FastBitcoins accounts.
  • Bitcoin delivery status: monitor the delivery status of bitcoin via your slick, new FastBitcoins account dashboard.

Talking about these the new features, Danny Brewster, Managing Director of FastBitcoins, said: “The main focus of this update is not only a new design and layout to our user interface but to also introduce functionality that makes buying bitcoins even faster, simpler and safer for our customers. The recent regulatory hurdles introduced with AMLD5 did require us to make changes to our business model. However, we were able to incorporate these regulatory measures without compromising on user experience and our core principles. That means we remain a non-custodial exchange, and possess the ability to deliver bitcoins almost instantly to customers either on-chain or on the Lightning Network”.

Danny adds: “New features such as automatic Dollar Cost Averaging and giving users the ability to hold balances denominated in their local currencies will ultimately allow them to have complete flexibility when purchasing bitcoins. We also ensure users get delivery of their bitcoins straight away.”

Don't forget to check out our awesome new website: https://fastbitcoins.com/