Article Summary
This article explains how to automatically convert your paycheck into bitcoin with direct deposit, including allocation, fees, and setup steps.
You can get paid in bitcoin by having your paychecks automatically buy bitcoin with each deposit. For more information on direct deposit at River, please see this Help Center article.
You can change your allocation percentage anytime to apply to future payroll deposits. Cash that is not converted will remain in your River cash balance and earn Bitcoin Interest on Cash.
You can automatically convert part or all of each of your payroll deposits to bitcoin with zero-fees up to $30,000 per month per account holder. Regular fees will apply after you have reached the $30,000 monthly deposit threshold. Your paycheck will only be automatically converted if the deposit is above $1.00.
Continue with the steps below to configure your payroll deposits to automatically buy bitcoin on each deposit:
- Log into River. Each of your accounts has a unique account and routing number.
- Tap on "Profile & Settings." If you are using the River app, tap the profile icon in the upper-left corner.
- Under "Funding," tap "Direct deposit." If you are using the River app, tap "Banking & Funding." then "Direct Deposit."
- Under "How much is invested in bitcoin," select "Edit."
- Choose how much of each payroll deposit should be automatically converted to bitcoin.
- Tap "Done" to save changes.
- You will return to the direct deposit screen with your changes reflected.