Amber: Mobile-First Bitcoin Exchange
Amber is a mobile-first app designed to buy, sell, and transfer bitcoin. The service focuses on the DCA (dollar-cost averaging) strategy offering different approaches to recurring bitcoin purchases. You can choose a free plan to get started or to upgrade to Amber Black with a 7-day trial period.
Amber is a bitcoin-only exchange available on iOS and Android. It is designed to buy, sell, and transfer bitcoin and focuses on the DCA (Dollar-cost averaging) strategy of investing bitcoin with recurring buys. Amber is subscription-based, offering Basic and Black plans. The availability of certain features and fees depends on the selected plan. The service supports LNURL for quick and easy lightning receives.
How It Works
You can sign up to Amber in the mobile app by entering your email address and a code sent to it, mobile phone number, date of birth, and full name. The service requires mandatory identity verification (Know Your Customer verification). You will need to attach a photo of the document that proves your identity. After passing the procedure, select the subscription type, and add a payment method, including debit/credit cards, Google/Apple Pay, PayID, ACH for US users, and EFT. Every time you log in to your account, a verification code will be sent to your email. Amber highly recommends turning on an email 2FA to protect your account more.
We strongly advise removing your bitcoin from exchanges as soon as possible after purchasing or selling bitcoin. Moving your bitcoin to a noncustodial wallet such as Exodus protects you from losing your fund. There are many exchanges that have collapsed with users’ funds.
Choosing a basic plan allows you not to pay for using the service, sell and buy bitcoin instantly, and utilize daily, weekly, and monthly recurring purchases. Free features also include a 24-hour secure delay: you can postpone your transaction processing for 24 hours for more security. It eliminates the need for a third-party payment processor or intermediary. Furthermore, export your transaction history into a CSV file for tax purposes.
Amber offers to upgrade to its Black plan in order to get access to more features. It has a 7-day trial period during which you will not be charged and can decide if you would like to continue with the membership. The subscription costs 13 USD/month if billed every month, or 10 USD/month if billed annually. It proposes, in addition to the Basic plan, the following features:
- 0% fees for buying and selling bitcoin (for the amount up to $200k);
- slim spreads;
- automated withdraws into a hardware wallet or another bitcoin wallet;
- intelligent automations: you set a percentage move, time frame, and an amount to buy or sell. Available automations: Buy the Dip, Buy the Schiff, Stack like a Saylor, Fear and Greed, Mayer Multiple, and Sell the Pump;
- 1 free bitcoin withdrawal per month;
- Intraday recurring purchases, custom automations, limit orders, and smart alerts and notifications are upcoming.
Limits and Fees
The minimum amount to deposit is $20, there is no maximum. You can purchase bitcoin instantly or set up recurring investments starting at $5 per month.
|Amber Free||Amber Black|
|Exchange Fees||0.99%||0% up to $200k|
|Withdrawals above 0.02BTC||$0||$0|
|Withdrawals below 0.02BTC||Network fee||Network fee|
|USD withdrawal fees||Free||Free|
|Bitcoin Investment Plan|
|Hardware Wallet Integration|
|Operating System (OS)|
Americas, UK and Europe, Central Asia Eastern Europe Region, MENA Region, Africa, Asia Pacific Region